XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Gross revenues:        
Rental revenue $ 84,549 $ 83,844 $ 254,524 $ 252,326
Other revenue 1,021 1,578 3,083 5,221
Total gross revenues 85,570 85,422 257,607 257,547
Expense applicable to revenues:        
Depreciation and amortization (48,387) (45,570) (144,243) (137,304)
Property operating (15,011) (14,693) (45,681) (45,681)
General and administrative (10,993) (8,614) (29,734) (26,862)
Non-operating income 642 394 7,145 731
Interest and amortization expense (16,037) (10,965) (50,624) (32,502)
Transaction costs 0 0 (498) (4)
Impairment charges 0 0 0 (16,490)
Change in allowance for credit loss (42) (2) (51) 29
Gains on sales of properties 11,050 7,154 19,402 15,033
Gain on change in control of a subsidiary 0 0 209 0
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 6,792 13,126 13,532 14,497
Provision for income taxes (21) (220) (229) (646)
Equity in earnings (losses) of non-consolidated entities (1,158) (5) (3,444) 2,585
Net income 5,613 12,901 9,859 16,436
Less net (income) loss attributable to noncontrolling interests 733 (237) 1,644 (654)
Net income attributable to LXP Industrial Trust shareholders 6,346 12,664 11,503 15,782
Dividends attributable to preferred shares – Series C (1,573) (1,573) (4,718) (4,718)
Allocation to participating securities (84) (52) (252) (186)
Net income attributable to common shareholders $ 4,689 $ 11,039 $ 6,533 $ 10,878
Net income attributable to common shareholders – per common share basic (in dollars per share) $ 0.02 $ 0.04 $ 0.02 $ 0.04
Weighted-average number of common shares outstanding – basic (in shares) 291,529,849 290,291,609 291,407,853 290,187,124
Net income attributable to common shareholders - per common share diluted (in dollars per share) $ 0.02 $ 0.04 $ 0.02 $ 0.04
Weighted-average common shares outstanding – diluted (in shares) 291,600,994 291,253,005 291,502,023 291,148,809