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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Gross revenues:    
Rental revenue $ 85,207,000 $ 83,417,000
Other revenue 1,044,000 1,658,000
Total gross revenues 86,251,000 85,075,000
Expense applicable to revenues:    
Depreciation and amortization (47,509,000) (45,741,000)
Property operating (15,188,000) (15,243,000)
General and administrative (9,493,000) (9,242,000)
Non-operating income 3,769,000 194,000
Interest and amortization expense (16,984,000) (11,393,000)
Impairment charges 0 (3,523,000)
Change in allowance for credit loss 5,000 (79,000)
Gains on sales of properties 0 7,879,000
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities 851,000 7,927,000
Provision for income taxes (125,000) (216,000)
Equity in earnings (losses) of non-consolidated entities (1,281,000) 3,604,000
Net income (loss) (555,000) 11,315,000
Less (net income) loss attributable to noncontrolling interests 286,000 (149,000)
Net income (loss) attributable to LXP Industrial Trust shareholders (269,000) 11,166,000
Dividends attributable to preferred shares – Series C (1,572,000) (1,572,000)
Allocation to participating securities (90,000) (72,000)
Net income (loss) attributable to common shareholders $ (1,931,000) $ 9,522,000
Net income (loss) attributable to common shareholders – per common share basic (in dollars per share) $ (0.01) $ 0.03
Weighted-average number of common shares outstanding – basic (in shares) 291,288,383 290,080,508
Net income (loss) attributable to common shareholders – per common share diluted (in dollars per share) $ (0.01) $ 0.03
Weighted-average common shares outstanding – diluted (in shares) 291,288,383 291,040,466