INVESTOR PRESENTATION THIRD QUARTER 2023 LXPINDUSTRIAL TRUST Disclosure Industry and market estimates, data and other statistical information included in this presentation are generally based on independent industry publications, reports by market research firms or other published independent sources. Projected future rental revenues and expenses and forecasted tenant improvements and lease commissions based upon market conditions were determined through discussion with local real estate professionals, expe ...

Financial Data and Key Metrics Changes - Third quarter revenue was approximately $85 million, with property operating expenses of $15 million, primarily tenant reimbursement [6] - Adjusted company FFO for the quarter was $0.18 per diluted common share, totaling approximately $52 million [6] - Net debt to adjusted EBITDA at quarter end was 6.2 times, down from 7.1 times in the third quarter of 2022 [54] Business Line Data and Key Metrics Changes - The company leased 5.8 million square feet through the end of October, with a total of 1.9 million square feet leased in spec development at an average stabilized cash yield of 7.5% [56] - Same-store industrial NOI growth was 5% in the third quarter, with year-to-date same-store NOI growth at 4.5% [57][107] - Average annual escalations for industrial leases signed in 2023 were 3.5% [57] Market Data and Key Metrics Changes - Rents in target markets grew approximately 15% in the third quarter compared to the same period in 2022 [77] - The stabilized industrial portfolio was 99.2% leased at quarter end, slightly down due to a move-out in Houston [63] - The company anticipates cash-based rental increases of 20% to 30% from 3.7 million square feet of lease expirations in 2024 [63] Company Strategy and Development Direction - The company is focusing on build-to-suit opportunities, leveraging its strong developer relationships and land bank [61][118] - The company plans to utilize proceeds from office sales to reduce leverage and capitalize on new investment opportunities [55] - The company is reviewing refinancing options for upcoming debt maturities, anticipating increased interest expenses [108] Management's Comments on Operating Environment and Future Outlook - Management noted a moderate softening in tenant leasing demand across U.S. logistics markets, with decisions taking longer due to oversupply in certain areas [62] - The company remains optimistic about its leasing pipeline, with strong activity in smaller spaces despite challenges in the big box sector [102] - Management expects to continue executing strategic initiatives and is well-positioned for future growth [38] Other Important Information - The Board of Trustees authorized an annualized dividend increase of $0.02 per share, representing a 4% increase over the prior dividend [58] - The company completed the forward purchase of a newly constructed facility in Dallas for $15 million, with strong leasing interest [3] - The company has nearly completed its office sales, with remaining assets in Fort Mill, South Carolina, currently being marketed for sale [70] Q&A Session Summary Question: What is the outlook for leasing demand in the big box space? - Management acknowledged a slowdown in demand for larger box spaces but noted ongoing activity in their portfolio [10] Question: Can you provide an update on the leasing pipeline and tenant demand? - Management indicated that while there is activity, it is difficult to predict exact timelines for leasing due to varying tenant interest [15] Question: What are the expectations for rental increases on upcoming lease expirations? - Management expects strong mark-to-market renewals and cash-based rental increases of 20% to 30% based on current negotiations [63] Question: How is the company addressing the oversupply in the big box sector? - Management believes the oversupply will dissipate over time as fewer new starts put pressure on supply [103] Question: What is the company's strategy regarding build-to-suit opportunities? - Management is actively pursuing build-to-suit projects and sees increased activity in this area [118]

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 September 30, 2023. 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 o ...

▪ JV has an option to acquire the adjacent 35-acre site that will provide flexibility to respond to more RFP's in the market and can accommodate the development of another building. LXPINDUSTRIAL TRUST ▪ Site provides immediate access to I-70, approximately 5 miles east of the convergence of I-70 and I-465, Indianapolis' loop road. ▪ Estimated total project cost of $63.8M. 270,885 SF Class A Warehouse/Distribution Portfolio ▪ Completed core and shell building construction of one facility in 2Q 2023, and sub ...

LXP Industrial Trust (NYSE:LXP) Q2 2023 Earnings Conference Call August 2, 2023 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 Anthony Paolone - JPMorgan Todd Thomas - KeyBanc Capital Markets Camille Bonnel - Bank of America Mitch Germain - JMP Securities James Kamm ...

Real Estate Portfolio - As of June 30, 2023, the company had equity ownership interests in approximately 116 consolidated real estate properties, totaling approximately 54.2 million square feet, with a lease rate of approximately 99.5%[129]. - The company entered into new and extended leases encompassing 2.0 million square feet, with an average fixed rent of $7.27 per square foot for new leases[132]. - The company completed a warehouse/distribution asset in Phoenix, Arizona, with an initial capitalized cost of $37.1 million and a lease term of 10 years, achieving 100% occupancy[133]. - As of June 30, 2023, the company had six consolidated development projects in process with an estimated total cost of $425.0 million, with remaining funding obligations of approximately $77.0 million[134]. - The company expects to grow its warehouse/distribution portfolio by executing on its development pipeline and opportunistically acquiring facilities in target markets[130]. Financial Performance - Cash flows from operations for the six months ended June 30, 2023, were $92.6 million, a decrease from $95.2 million for the same period in 2022, primarily due to property sales[148]. - Total gross revenues increased by $12.1 million for the six months ended June 30, 2023, driven by a $6.8 million rise in base rental revenue and a $5.2 million increase in tenant reimbursement income[171]. - Same-store net operating income (NOI) increased by 5.6% and 5.1% for the three and six months ended June 30, 2023, respectively, with same-store properties 99.8% leased[178]. - Net income for Q2 2023 was $(7,780) thousand, a decrease from $41,538 thousand in Q2 2022, while net income for the first half of 2023 was $3,535 thousand compared to $52,446 thousand in the same period of 2022[179]. - Same-store NOI for Q2 2023 was $61,585 thousand, representing a 5.0% increase from $58,337 thousand in Q2 2022; for the first half of 2023, same-store NOI was $119,954 thousand, up 5.1% from $114,125 thousand in the first half of 2022[179]. - Funds from Operations (FFO) available to common shareholders for Q2 2023 was $51,125 thousand, a decrease from $54,338 thousand in Q2 2022; for the first half of 2023, FFO was $99,660 thousand, slightly up from $99,555 thousand in the same period of 2022[183]. Cash Flow and Investments - Net cash used in investing activities totaled $38.9 million in the six months ended June 30, 2023, a decrease from $217.1 million in the same period of 2022[149]. - Net cash used in financing activities increased to $85.0 million in the six months ended June 30, 2023, compared to $19.2 million in 2022, primarily due to dividend and debt service payments[150]. - Dividends paid to common and preferred shareholders were $76.1 million in the six months ended June 30, 2023, up from $72.7 million in 2022, with a quarterly dividend increase to $0.125 per common share[156]. - The company invested an aggregate of $27.1 million in development activities during the reporting period, including $23.4 million in six ongoing development projects[135]. Debt and Financing - The company has no mortgage maturities with balloon payments due until 2031, indicating a stable financial position[147]. - As of June 30, 2023, the company had $600.0 million available under its revolving credit facility, with no borrowings outstanding[159]. - The company reported a weighted-average interest rate of 6.7% on variable-rate indebtedness for Q2 2023, significantly higher than 2.3% in Q2 2022; this resulted in an increase in interest expense by $0.5 million if rates had risen by 100 basis points[188]. - As of June 30, 2023, the company had $1.4 billion in fixed-rate debt, representing 91.4% of total consolidated indebtedness, compared to 84.7% in the previous year[188]. - The company had four interest rate swap agreements in place as of June 30, 2023, to mitigate interest rate risk[190]. Impairment and Market Risks - Impairment charges increased by $14.7 million in the six months ended June 30, 2023, primarily related to office assets due to potential sales[174]. - The decrease in gains on sales of properties was $20.2 million for the six months ended June 30, 2023, attributed to the timing of property dispositions[175]. - Impairment charges for real estate in Q2 2023 were $12,967 thousand, compared to $1,829 thousand in Q2 2022; for the first half of 2023, impairment charges totaled $16,490 thousand versus $1,829 thousand in the same period of 2022[183]. - The company's exposure to market risk is primarily related to its variable-rate indebtedness and fixed-rate debt[188].

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, 2023. 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 2023 Earnings Conference Call May 3, 2023 8:30 AM ET Company Participants Heather Gentry – Senior Vice President-Investor Relations Will Eglin – Chairman, Chief Executive Officer and President Brendan Mullinix – Chief Investment Officer Beth Boulerice – Chief Financial Officer, Treasurer and Executive Vice President James Dudley – Executive Vice President and Director-Asset Management Conference Call Participants Todd Thomas – KeyBanc Capital Markets Jim Kemmer – Evercore ...

Governance & Resilience Governance ▪ Strive to implement best governance practices, mindful of the concerns of our shareholders ▪ This includes Code of Business Conduct and Ethics, enterprise risk assessments, whistleblower policy, and management succession planning ▪ Increase our ESG+R transparency and disclosure by providing regular updates to shareholders and other stakeholders and aligning with appropriate reporting to frameworks, including GRESB®, SASB, GRI and TCFD ▪ Monitor compliance with applicable ...

Disclosure LXP's 'Other' Portfolio consists of office, manufacturing and other specialty assets. LXPINDUSTRIAL TRUST Platform primed for long-term growth from favorable mark-to-market in current portfolio and strong development pipeline 3 LXPINDUSTRIAL TRUST ▪ Disposed of ~$197 million of office assets, non-target market industrial assts and a land parcel at aggregated weighted-average GAAP and Cash capitalization rates of 5.6%. Balance Sheet Details ▪ Issued 16.0 million common shares upon settlement of fo ...