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Equity (Tables) | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Schedule of Common Shares Granted | During the three months ended March 31, 2024 and 2023, the Company granted common shares to certain employees as follows:
| Three Months Ended March 31,
| 2024 |  | 2023
Performance Shares:(1) |  |  |
Shares granted: |  |  |
Index - 1Q | 489,182 |  |  | 407,611 |
Peer - 1Q | 489,177 |  |  | 407,606 |
Grant date fair value per share:(2) |  |  |
Index - 1Q | $ | 6.01 |  |  | $ | 6.96 |
Peer - 1Q | $ | 5.68 |  |  | $ | 6.50 |
Non-Vested Common Shares:(3) |  |  |
Shares issued | 442,100 |  |  | 376,480 |
Grant date fair value | $ | 4,249 |  |  | $ | 4,010 |
(1) The shares vest based on the Company's total shareholder return growth after a three-year measurement period relative to an index and a group of peer companies. Dividends are not paid on these grants until earned. Once the performance criteria are met and the actual number of shares earned is determined, such shares vest immediately. During the three months ended March 31, 2024, 119,519 performance shares of the remaining 565,652 issued in 2021 vested. (2) The fair value of awards granted was determined at the grant date using a Monte Carlo simulation model. (3) The shares vest ratably over a three-year service period.
Schedule of Accumulated Other Comprehensive Income (Loss) | A summary of the changes in accumulated other comprehensive income (loss) related to the Company's cash flow hedges is as follows:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
Balance at beginning of period |  | $ | 9,483 |  |  | $ | 17,689 |
Other comprehensive income (loss) before reclassifications |  | 1,862 |  |  | (1,064) |
Amounts of (income) loss reclassified from accumulated other comprehensive income (loss) to interest expense |  | (2,922) |  |  | (2,456) |
Balance at end of period |  | $ | 8,423 |  |  | $ | 14,169 |
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net | The following discloses the effects of changes in the Company's ownership interests in its noncontrolling interests:
| Net Income (Loss) Attributable to Shareholders and Transfers from Noncontrolling Interests
| Three Months Ended March 31,
| 2024 |  | 2023
Net income (loss) attributable to LXP Industrial Trust shareholders | $ | (269) |  |  | $ | 11,166 |
Transfers from noncontrolling interests: |  |  |
Increase in additional paid-in-capital for redemption of noncontrolling OP units | — |  |  | 18 |
Change from net income (loss) attributable to shareholders and transfers from noncontrolling interests | $ | (269) |  |  | $ | 11,184 |

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- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4M -Publisher FASB -URI https://asc.fasb.org//1943274/2147481175/810-10-55-4M Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (d) -SubTopic 10 -Topic 810 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481203/810-10-50-1A + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
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