LXP Industrial Trust Completes Reverse Share Split

Core Points - LXP Industrial Trust completed a reverse split of its common shares at a ratio of 1-for-5, effective after the close of business on November 10, 2025 [1][2] - The number of outstanding common shares was reduced from approximately 295.8 million to approximately 59.2 million shares, with no significant impact on shareholders' ownership percentages [2] - Trading of LXP's common shares on a split-adjusted basis will commence on November 11, 2025, under the same NYSE symbol "LXP" but with a new CUSIP number [3] - The quarterly dividend will increase from $0.14 to $0.70 per share after the reverse share split, applicable for shareholders of record as of December 31, 2025 [3] Company Overview - LXP Industrial Trust is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments across 12 target markets in the Sunbelt and lower Midwest [5] - The company aims to expand its portfolio through various strategies, including acquisitions, build-to-suit transactions, sale-leaseback transactions, and development projects [5]