LXP Industrial Trust Files 8-K

TL;DR

LXP filed an 8-K, something happened, details TBD.

AI Summary

LXP Industrial Trust filed an 8-K on December 9, 2024, reporting an "Other Event." The filing does not contain specific details about the event, dollar amounts, or definitive dates beyond the report date. It primarily serves as a notification of an event requiring disclosure under SEC regulations.

Why It Matters

This filing indicates that LXP Industrial Trust has experienced an event that requires public disclosure, potentially impacting investors' understanding of the company's current status.

Risk Assessment

Risk Level: low — The filing itself is a procedural notification and does not contain information that inherently increases risk; the risk would depend on the undisclosed event.

Key Players & Entities

• LXP Industrial Trust (company) — Registrant
• December 9, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — hares of beneficial interest, par value $0.0001 per share, classified as Common Stock
• $124 million — gregate purchase price of approximately $124 million. As previously announced, LXP also acqu
• $34 million — h for a purchase price of approximately $34 million in November. In December, the tenant f
• $87 million — n for a purchase price of approximately $87 million. SIGNATURE Pursuant to the requireme

Filing Documents

• n4130_x6-8k.htm (8-K) — 40KB
• 0001539497-24-002609.txt ( ) — 256KB
• lxp-20241209.xsd (EX-101.SCH) — 4KB
• lxp-20241209_def.xml (EX-101.DEF) — 26KB
• lxp-20241209_lab.xml (EX-101.LAB) — 36KB
• lxp-20241209_pre.xml (EX-101.PRE) — 25KB
• n4130_x6-8k_htm.xml (XML) — 9KB

01 - Other Information

Item 8.01 - Other Information. LXP Industrial Trust ("LXP") is providing an operating and capital activity update in connection with its participation in the Jefferies Real Estate Conference in Miami on December 10-11, 2024. In the fourth quarter of 2024 to date, LXP has completed new leases and lease extensions totaling approximately 0.5 million square feet, raising Cash Base Rents (as defined in Exhibit 99.1 to LXP's Current Report on Form 8-K filed on November 6, 2024) by 28.9%. Leasing activity year-to-date has totaled approximately 4.0 million square feet with Cash Base Rents increasing by 37.6% (excluding tenant improvement reimbursements in one lease) on second generation leases. With respect to development leasing, LXP and a prospective full building user have suspended discussions with respect to a lease of LXP's 1.1 million square foot Ocala, Florida facility. LXP remains focused on leasing this facility and the remaining square footage in its development portfolio. In November, subsequent to third quarter earnings, LXP acquired a property in Houston and two properties in Atlanta for an aggregate purchase price of approximately $124 million. As previously announced, LXP also acquired a property in Savannah for a purchase price of approximately $34 million in November. In December, the tenant for the leased land owned by LXP in Phoenix, Arizona closed on the acquisition of the property under its purchase option for a purchase price of approximately $87 million. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 9th day of December, 2024. LXP Industrial Trust By: /s/ Joseph S. Bonventre Name: Joseph S. Bonventre Title: Secretary

View Full Filing

View this 8-K filing on SEC EDGAR