Every 8-K that Lxp Industrial Trust (LXP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LXP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LXP filings page.
LXP Industrial Trust agreed to be acquired by affiliates of Brookfield Asset Management and Canada Pension Plan Investment Board for $61.20 per share in cash, an all-cash transaction valued at approximately $5.2 billion including net debt and preferred equity. The offer represents a 12.3% premium to LXP’s 30-day VWAP and 19.8% to its 90-day VWAP for the period ended July 17, 2026, was unanimously approved by the board, and is expected to close by the end of the fourth quarter of 2026, subject to shareholder approval and customary conditions.
For the quarter ended June 30, 2026, LXP reported a net loss attributable to common shareholders of $(1.6) million, or $(0.03) per diluted share, versus net income of $27.5 million, or $0.47 per diluted share, a year earlier. Adjusted Company FFO was $49.5 million, or $0.84 per diluted share, up from $0.80, while total gross revenues edged up to $88.1 million from $87.7 million. Same-store NOI rose 0.5%, the stabilized portfolio was 97.4% leased across 53.3 million square feet, and 2.3 million square feet of new and extended second-generation leases produced Base and Cash Base Rent increases of up to 43.1% and 26.2%, respectively, excluding two fixed-rate renewals.
LXP acquired a 37-acre infill covered land investment in Phoenix for $103.2 million at an initial cash yield of 15.7% and advanced a 2.7 million square foot development and redevelopment pipeline. As of June 30, 2026, total consolidated debt was $1.4 billion with a weighted-average interest rate of 3.6% and net debt to Annualized Adjusted EBITDA of 5.5x, and cash and cash equivalents totaled $18.0 million. A quarterly common dividend of $0.70 per share for the quarter ended June 30, 2026 was paid on July 15, 2026, but under the Merger Agreement LXP has agreed to suspend future regular common dividends, while continuing permitted dividends on its Series C preferred shares. The company will not host an earnings call for this quarter and will no longer provide or affirm earnings guidance.
LXP Industrial Trust agreed to be acquired by Leopard REIT LLC and Leopard Merger Sub LLC in an all-cash merger. Each outstanding common share will be converted into the right to receive $61.20 in cash, valuing the transaction at approximately $5.2 billion including net debt and preferred equity. Series C preferred shares will be exchanged for surviving entity Series C preferred units, and outstanding restricted share awards will fully vest and be paid in cash based on the merger price plus accrued dividends, less withholding taxes.
The board unanimously approved the deal, which includes a 40-day Go-Shop Period through 11:59 p.m. on August 28, 2026, during which LXP may solicit superior offers, subject to termination fees of $54,122,768 or $108,245,537 depending on circumstances. Parent may owe a $288,654,765 Parent Termination Payment if it fails to close after conditions are satisfied. Closing, expected in the fourth quarter of 2026, requires shareholder approval, governmental consents and absence of a Company Material Adverse Effect and is not conditioned on financing. Regular common dividends are suspended during the merger period except for REIT-qualification dividends, and any such dividends would reduce the per-share cash consideration.
LXP Industrial Trust issued a business update highlighting strong leasing, a major acquisition and higher 2026 guidance. During the second quarter to date, it completed 2.7 million square feet of new and renewal leases, bringing 2026 year-to-date leasing to 4.6 million square feet.
LXP bought a 37-acre infill industrial redevelopment site in Phoenix for $103 million, currently generating $16.1 million of annual cash rent with 2% annual escalators and an expected $82 million of rent over the remaining lease term. The company plans to redevelop the site into 400,000 to 450,000 square feet of industrial space after lease expiration.
For 2026, LXP now estimates net income attributable to common shareholders of $2.38 to $2.48 per diluted share and has raised its Adjusted Company FFO guidance to $3.30 to $3.40 per diluted share, assuming Same-Store NOI growth of 1.5%–2.5% and roughly $200 million of non-target market asset sales in the second half of 2026.
LXP Industrial Trust reported the results of its 2026 Annual Meeting of Shareholders. As of the March 25, 2026 record date, 58,957,523 common shares were outstanding, and 55,166,057 shares, or approximately 94% of those entitled to vote, were present or represented by proxy.
Shareholders elected eight trustees to serve until the 2027 Annual Meeting or earlier removal or resignation, with each nominee receiving a substantial majority of votes cast and broker non-votes reported. Investors also approved, on an advisory, non-binding basis, the compensation of the Trust’s named executive officers.
Shareholders further ratified the appointment of Deloitte & Touche LLP as the Trust’s independent registered public accounting firm for the fiscal year ending December 31, 2026, with significantly more votes cast in favor than against or abstaining.
LXP Industrial Trust reported first quarter 2026 results showing a small net loss but steady cash generation from its industrial portfolio. Net loss attributable to common shareholders was $(1.9) million, or $(0.03) per diluted share, compared with net income of $17.3 million, or $0.30 per share, a year earlier, largely reflecting lower gains on property sales.
Operating metrics were more stable: total gross revenues were $85.9 million versus $88.9 million in 2025, while Adjusted Company FFO rose to $47.3 million, or $0.80 per diluted share, up from $0.78. Same-Store NOI increased 2.0%, and the stabilized portfolio was 96.6% leased with 1.8 million square feet of new and extended second-generation leases at double‑digit rent spreads. The REIT ended the quarter with $1.3 billion of total consolidated debt, net debt to Annualized Adjusted EBITDA of 5.1x, and cash of $130.1 million, after paying a $0.70 common dividend and repurchasing about 325,000 shares at an average price of $48.70. LXP reaffirmed 2026 guidance for net income attributable to common shareholders of $0.00–$0.15 per diluted share and Adjusted Company FFO of $3.22–$3.37 per diluted share.
LXP Industrial Trust reported solid fourth-quarter and full-year 2025 results while continuing to streamline its portfolio and balance sheet. For the quarter, net income attributable to common shareholders was $27.1 million, or $0.46 per diluted share, on total gross revenues of $86.7 million, down from $100.9 million mainly due to a large one-time rental item in 2024. Adjusted Company FFO was $47.0 million, or $0.79 per diluted share, flat versus a year earlier.
For full-year 2025, net income attributable to common shareholders rose to $106.5 million, or $1.82 per diluted share, with Adjusted Company FFO of $187.3 million, or $3.15 per diluted share. Same-store NOI grew 2.9% for the year, and the stabilized portfolio was 97.1% leased across 52.7 million square feet.
LXP executed 4.9 million square feet of new and extended leases in 2025, achieving Base and Cash Base Rent increases on second-generation leases of 29.7% and 27.7% excluding fixed-rate renewals. The company disposed of $389.1 million of properties, repaid $218.1 million of debt and reduced net debt to Adjusted EBITDA to 4.9x. It ended the year with $1.4 billion of consolidated debt at a 3.6% weighted-average interest rate and $170.4 million of cash. For 2026, LXP forecasts net income attributable to common shareholders between $(0.01) and $0.14 per diluted share and Adjusted Company FFO between $3.22 and $3.37 per diluted share.
LXP Industrial Trust has amended and restated its main bank financing, replacing its prior facilities with a new $600 million senior unsecured revolving credit facility and a $250 million unsecured term loan. With lender approval, total commitments under these facilities and any additional term loans can be increased so that they do not exceed $1.8 billion, and the structure includes $40 million letter of credit and $40 million swingline sub-facilities.
The Revolver currently matures on January 31, 2030 and the Term Loan on January 31, 2029, with options to extend both to January 31, 2031 for specified fees if conditions are met. Borrowings are interest-only until maturity, with rates tied to base rate or SOFR plus margins that depend on leverage and credit ratings; based on current metrics, SOFR margins are 0.775% for the Revolver and 0.85% for the Term Loan. The company plans to use the Term Loan to refinance its prior term loan and currently has no borrowings on the Revolver, which it expects to use for working capital and new investments.
LXP Industrial Trust implemented a one-for-five reverse share split of its common shares, effective at 5:00 p.m. ET on November 10, 2025. Each outstanding common share was reclassified into 1/5 of a share, with fractional shares rounded down and paid out in cash based on open market sales of aggregated fractions.
Following the reverse split, there are approximately 59.2 million common shares issued and outstanding. The Trust stated that shareholders’ percentage ownership and voting power remain the same, aside from immaterial effects from fractional share cash payments. Authorized common shares are unchanged, the trading symbol remains LXP, and the CUSIP for registered common shares changed to 529043408.
The conversion rate of the 6.50% Series C Preferred Stock adjusted from approximately 2.4339 common shares per preferred share to approximately 0.48678. The previously announced common dividend of $0.14 per share will be $0.70 per share after the reverse split. Equity plan share limits and outstanding awards were ratably adjusted. The Trust noted that amounts deemed covered by its effective registration statements are proportionately reduced under Rule 416(b).
LXP Industrial Trust announced a one-for-five reverse split of its common shares, effective as of 5:00 p.m. ET on November 10, 2025. Every five common shares will be reclassified into one share, and trading on the NYSE will begin on a split-adjusted basis on November 11, 2025.
No fractional shares will be issued; any fractional entitlement will be rounded down and paid in cash based on proceeds from selling aggregated fractions. Shareholder percentage ownership and voting power remain the same aside from minor changes from cash in lieu. The number of authorized common shares is unchanged. The trading symbol stays LXP; the CUSIP for registered common shares changes to 529043408.
The company also furnished its third-quarter 2025 results via a press release (Exhibit 99.1) and made available Quarterly Supplemental Information (Exhibit 99.2), with a replay of the management call detailed in the press release.
LXP Industrial Trust reported early results and pricing for its cash tender offer for its $300 million 6.750% Notes due 2028. The offer has a Tender Cap with an aggregate purchase price of up to $150 million, excluding accrued interest and related fees.
By the Early Tender Deadline of October 15, 2025, holders had tendered $186,042,000 aggregate principal amount. Because this fully subscribed the offer, no tenders after the deadline will be accepted. Following pricing, LXP set a proration rate of approximately 75.3% and will accept $140,000,000 aggregate principal amount for purchase, as permitted by applicable law. Settlement for accepted notes is expected on October 20, 2025, subject to stated conditions. The offer expires at 5:00 p.m., New York City time, on October 30, 2025, unless extended or earlier terminated.
LXP Industrial Trust has sold two vacant development projects in Ocala, Florida and Indianapolis, Indiana totaling 2,138,640 square feet for a gross price of $175 million. The gross sale price is about $29 million above the properties’ gross book value as of June 30, 2025, and LXP expects to receive $151 million after minority partner distributions and transaction costs. The company plans to use the net proceeds for debt repayment and other general corporate purposes.
LXP also began a cash tender offer to buy a portion of its outstanding $300 million 6.75% Notes due 2028, with an aggregate purchase price of up to $150 million (excluding accrued and unpaid interest), as described in an offer to purchase dated October 1, 2025.