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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Gross revenues:      
Rental revenue $ 334,220 $ 313,992 $ 339,944
Other revenue 6,283 7,253 4,053
Total gross revenues 340,503 321,245 343,997
Expense applicable to revenues:      
Depreciation and amortization (183,524) (180,567) (176,714)
Property operating (58,394) (54,870) (47,314)
General and administrative (36,334) (38,714) (35,458)
Transaction costs (4) (4,177) (432)
Non-operating income 2,982 935 1,364
Interest and amortization expense (46,389) (45,417) (46,708)
Debt satisfaction losses, net (132) (119) (13,894)
Impairment charges (16,490) (3,037) (5,541)
Change in allowance for credit loss 32 (93) 0
Gains on sales of properties 33,010 59,094 367,274
Selling profit from sales-type leases 0 47,059 0
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 35,260 101,339 386,574
Provision for income taxes (703) (1,102) (1,293)
Equity in earnings (losses) of non-consolidated entities 1,366 16,006 (190)
Net income 35,923 116,243 385,091
Less net income attributable to noncontrolling interests (5,540) (2,460) (2,443)
Net income attributable to LXP Industrial Trust shareholders 30,383 113,783 382,648
Dividends attributable to preferred shares - Series C (6,290) (6,290) (6,290)
Allocation to participating securities (230) (186) (510)
Net income attributable to common shareholders, basic 23,863 107,307 375,848
Net income attributable to common shareholders, diluted $ 23,863 $ 107,307 $ 375,848
Net income attributable to common shareholders - per common share basic (usd per share) $ 0.08 $ 0.38 $ 1.35
Weighted-average common shares outstanding - basic (in shares) 290,245,877 279,887,760 277,640,835
Net income attributable to common shareholders - per common share diluted (usd per share) $ 0.08 $ 0.38 $ 1.34
Weighted-average common shares outstanding - diluted (in shares) 291,193,514 282,473,458 287,369,742