UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to ________________ Commission File Number 1-12386 LXP INDUSTRIAL TRUST (Exact name of registrant as specified in its charter) (State or other ju ...

LXP Industrial Trust (NYSE:LXP) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET Company Participants Will Eglin - Chairman, Chief Executive Officer, President Beth Boulerice - Chief Financial Officer Brendan Mullinix - Executive Vice President, Chief Investment Officer James Dudley - Executive Vice President, Director of Asset Management Heather Gentry - Senior Vice President, Investor Relations Conference Call Participants Anthony Paolone - JP Morgan Todd Thomas - Keybanc Capital Markets Jon ...

LXP Industrial Trust (NYSE:LXP) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET Company Participants Heather Gentry - Senior Vice President, Investor Relations Wilson Eglin - Chairman, Chief Executive Officer and President Brendan Mullinix - Executive Vice President and Chief Investment Officer James Dudley - Executive Vice President and Director of Asset Management Beth Boulerice - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants James Allen Villard ...

[PART I — FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20%E2%80%94%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=3&type=section&id=ITEM%201.%20Financial%20Statements%20(Unaudited)) Unaudited H1 2022 financial statements show increased assets, decreased net income from lower property gains, and reduced operating cash flow [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) As of June 30, 2022, total assets slightly increased to $4.05 billion, while liabilities rose and equity decreased Condensed Consolidated Balance Sheet Summary (in thousands) | Account | June 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | **Total Assets** | **$4,054,420** | **$4,005,558** | | Real estate, net | $3,663,291 | $3,534,966 | | Cash and cash equivalents | $49,817 | $190,926 | | **Total Liabilities** | **$1,794,770** | **$1,682,330** | | Revolving credit facility borrowings | $120,000 | $0 | | Senior notes payable, net | $988,613 | $987,931 | | **Total Equity** | **$2,259,650** | **$2,323,228** | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2022 operations show decreased gross revenues and net income, primarily due to lower gains on property sales Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 2022 | Q2 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | Total gross revenues | $79,775 | $81,541 | $160,053 | $174,098 | | Gains on sales of properties | $27,855 | $66,726 | $28,110 | $88,645 | | Selling profit from sales-type lease | $9,314 | $0 | $9,314 | $0 | | Net income attributable to common shareholders | $39,667 | $71,000 | $48,665 | $110,397 | | Diluted EPS | $0.14 | $0.26 | $0.17 | $0.40 | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) H1 2022 cash flows show decreased operating cash, increased investing outflows, and a shift to financing outflows Cash Flow Summary - Six Months Ended June 30 (in thousands) | Activity | 2022 | 2021 | | :--- | :--- | :--- | | Net cash provided by operating activities | $95,207 | $108,687 | | Net cash used in investing activities | ($217,112) | ($140,317) | | Net cash provided by (used in) financing activities | ($19,196) | $50,368 | | **Change in cash, cash equivalents and restricted cash** | **($141,101)** | **$18,738** | [Notes to Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, real estate investments, debt, equity activities, and subsequent events like credit facility amendments - The company is a REIT focused on single-tenant industrial properties, with interests in approximately **121 consolidated properties** in **22 states** as of June 30, 2022[25](index=25&type=chunk)[26](index=26&type=chunk) - During the first six months of 2022, the company acquired **three warehouse/distribution facilities** for a total initial cost of **$131.2 million**[44](index=44&type=chunk) - The company disposed of various properties for an aggregate gross price of **$55.4 million**, recognizing gains of **$28.1 million** in the first six months of 2022. An impairment charge of **$1.8 million** was also recognized on a property due to vacancy[50](index=50&type=chunk)[51](index=51&type=chunk) - Subsequent to June 30, 2022, the company amended its revolving credit facility, extending the maturity to July 2026 and transitioning from LIBOR to SOFR. It also repurchased **1.8 million common shares** and disposed of **three properties** for **$92.0 million**[120](index=120&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=28&type=section&id=ITEM%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the portfolio's transition to industrial assets, decreased net income, liquidity, capital recycling, and same-store NOI growth [Overview and Transaction Summary](index=28&type=section&id=Overview%20and%20Transaction%20Summary) LXP's portfolio is now 99% warehouse/distribution assets, with Q2 2022 activities including acquisitions, dispositions, and share repurchases - The company has transitioned its portfolio from approximately **16% warehouse/distribution assets** at the end of 2015 to approximately **99%** as of June 30, 2022[129](index=129&type=chunk) - In Q2 2022, the company repurchased and retired **6.1 million common shares** at an average cost of **$11.45 per share**[134](index=134&type=chunk) - Disposed of interests in **two industrial properties** and **one office property** for an aggregate gross sales price of **$55.1 million** during Q2 2022[136](index=136&type=chunk) [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains adequate liquidity through cash, credit facility, and manages capital via share repurchases and senior notes - As of June 30, 2022, the company had **$49.8 million** in cash on hand and **$480.0 million** of availability under its unsecured revolving credit facility[145](index=145&type=chunk) - During the six months ended June 30, 2022, the company repurchased and retired approximately **6.1 million common shares** at an average price of **$11.45 per share**[154](index=154&type=chunk) - As of June 30, 2022, the company had forward sales contracts for **16,000,000 common shares** that have not yet settled, with an aggregate settlement price of **$183.4 million**, maturing in December 2022[152](index=152&type=chunk) [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Net income decreased in Q2 and H1 2022, primarily due to lower gains on property sales and reduced lease termination income - The decrease in net income for Q2 2022 was primarily due to a **$38.9 million decrease** in gains on sales of properties compared to Q2 2021[162](index=162&type=chunk)[168](index=168&type=chunk) - For the six months ended June 30, 2022, total gross revenues decreased by **$14.0 million**, largely due to an **$11.8 million decrease** in termination income compared to the prior year[171](index=171&type=chunk)[172](index=172&type=chunk) - Equity in earnings of non-consolidated entities increased by **$17.1 million** for the six-month period, mainly due to the company's share of gains on sale of three properties from the NNN Office JV L.P.[177](index=177&type=chunk) [Same-Store Results](index=34&type=section&id=Same-Store%20Results) Same-store NOI increased by 3.2% for Q2 and 2.8% for H1 2022, driven by higher occupancy and cash base rents Consolidated Same-Store NOI (in thousands) | Period | 2022 | 2021 | % Change | | :--- | :--- | :--- | :--- | | **Three Months Ended June 30** | $53,023 | $51,402 | 3.2% | | **Six Months Ended June 30** | $104,329 | $101,513 | 2.8% | - The increase in same-store NOI was primarily due to an increase in occupancy and cash base rents[180](index=180&type=chunk) - Historical same-store square footage leased was **99.3%** as of June 30, 2022, compared to **98.5%** as of June 30, 2021[180](index=180&type=chunk) [Funds From Operations](index=35&type=section&id=Funds%20From%20Operations) Q2 2022 diluted FFO increased to $0.19 per share, while Adjusted Company FFO decreased to $0.17 per share FFO and Adjusted Company FFO per Diluted Share | Metric (per share) | Q2 2022 | Q2 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | FFO - diluted | $0.19 | $0.18 | $0.35 | $0.41 | | Adjusted Company FFO - diluted | $0.17 | $0.18 | $0.33 | $0.41 | - Adjusted Company FFO for Q2 2022 includes adjustments for a **$9.3 million** selling profit from a sales-type lease and **$0.7 million** in non-recurring costs[187](index=187&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=39&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate fluctuations on its variable-rate debt, mitigated by swaps - As of June 30, 2022, **15.3%** of the company's aggregate principal consolidated indebtedness (**$249.1 million**) was variable-rate and not subject to interest rate swaps[192](index=192&type=chunk) - A hypothetical **100 basis point increase** in interest rates would have increased interest expense by **$0.6 million** for the three months ended June 30, 2022[192](index=192&type=chunk) - The company uses derivative financial instruments, including **four interest rate swap agreements** as of June 30, 2022, to mitigate interest rate risk[194](index=194&type=chunk) [Controls and Procedures](index=39&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective, with no material changes in internal controls - Management concluded that the company's disclosure controls and procedures were effective as of June 30, 2022[196](index=196&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, internal controls[197](index=197&type=chunk) [PART II — OTHER INFORMATION](index=40&type=section&id=PART%20II%20%E2%80%94%20OTHER%20INFORMATION) [Legal Proceedings](index=40&type=section&id=ITEM%201.%20Legal%20Proceedings) The company is involved in ordinary course legal proceedings not expected to materially impact financial condition - The company states that legal proceedings it is involved in are not expected to have a material adverse effect on its business, financial condition, or results of operations[199](index=199&type=chunk) [Risk Factors](index=40&type=section&id=ITEM%201A.%20Risk%20Factors) No material changes to previously disclosed risk factors were reported in this period - No material changes in risk factors were reported from those disclosed in the Annual Report[200](index=200&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=40&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During Q2 2022, the company repurchased over 6 million common shares under its publicly announced program Share Repurchases - Q2 2022 | Period | Total Shares Purchased | Average Price Paid | Shares Remaining in Program | | :--- | :--- | :--- | :--- | | April 2022 | 1,238,427 | $13.41 | 7,737,888 | | May 2022 | 1,692,088 | $11.22 | 6,045,800 | | June 2022 | 3,167,511 | $10.82 | 2,878,289 | | **Q2 2022 Total** | **6,098,026** | **$11.45** | **2,878,289** | [Exhibits](index=41&type=section&id=ITEM%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate documents and certifications - The report includes CEO and CFO certifications pursuant to Sarbanes-Oxley Sections 302 and 906[207](index=207&type=chunk) - Financial statements and notes are formatted in Inline XBRL for interactive data analysis[208](index=208&type=chunk)

LXP Industrial Trust (NYSE:LXP) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Heather Gentry - Senior Vice President, Investor Relations Wilson Eglin - Chairman, Chief Executive Officer and President Brendan Mullinix - Executive Vice President and Chief Investment Officer James Dudley - Executive Vice President and Director of Asset Management Beth Boulerice - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants John Massocca - Lande ...

Portfolio Highlights - LXP Industrial Trust's stabilized industrial portfolio is 993% leased[7] - The weighted-average lease term for the warehouse/distribution portfolio is 67 years[15] - Investment-grade tenancy accounts for 593% of the Annual Base Rent (ABR) for consolidated properties[15] - The average age of the warehouse/distribution portfolio is 89 years[15] - The top 25 markets represent 768% of the portfolio[15] - Net Operating Income (NOI) for the warehouse/distribution portfolio is $1096 million for the six-month period[15] - Same-store NOI growth is 55% year-to-date[15] Financial Performance and Strategy - The company acquired a warehouse/distribution facility for approximately $59 million, bringing year-to-date purchases to $131 million[5] - The company disposed of approximately $55 million of non-core assets at a weighted-average capitalization rate of 62%[6] - Leverage is at 68x net debt to Adjusted EBITDA[8] - The company repurchased approximately 79 million common shares year-to-date at an average price of $1127 per share[9]

I N V E S T O R P R E S E N T A T I O N FI R S T Q U ART ER 202 2 LXPINDUSTRIAL TRUST Disclosure This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve known and unknown risks, uncertainties or other factors not under LXP Industrial Trust's ("LXP") control which may cause actual results, performance or achievements of LXP to be materially diffe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2022. or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _________________ to ________________ Commission File Number 1-12386 LXP INDUSTRIAL TRUST (Exact name of registrant as specified in its charter) (State or ot ...

LXP Industrial Trust (NYSE:LXP) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Heather Gentry - Senior Vice President, Investor Relations Will Eglin - Chairman & Chief Executive Officer Brendan Mullinix - Chief Investment Officer James Dudley - Executive Vice President Beth Boulerice - Chief Financial Officer Conference Call Participants Sheila McGrath - Evercore Jamie Feldman - Bank of America Jon Petersen - Jefferies Operator Good day, and thank you for standing by. Welcome ...

I N V E S T O R P R E S E N T A T I O N FO URTH QUART ER 202 1 LXP INDUSTRIAL TRUST Disclosure This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve known and unknown risks, uncertainties or other factors not under LXP Industrial Trust's ("LXP") control which may cause actual results, performance or achievements of LXP to be materially differe ...