Equity (Tables)

3 Months Ended

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