Every material Form 8-K Lexington Realty Trust has filed with the SEC since May 02, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
LXP Industrial Trust completed its acquisition by Brookfield Asset Management and Canada Pension Plan Investment Board in an all-cash transaction valued at approximately $5.2 billion. Common shareholders received $61.20 per share in cash, resulting in the delisting of the company's shares from the New York Stock Exchange and its transition to a privately held company.
Common shareholders received $61.20 per share in cash upon the completion of the merger on November 2, 2026.
The transaction values LXP at approximately $5.2 billion, including net debt and preferred equity.
LXP requested the delisting of its common and preferred shares from the New York Stock Exchange.
LXP Industrial Trust filed supplemental disclosures to its definitive proxy statement for its pending merger with Leopard REIT LLC, which was agreed on July 19, 2026. The company said it made the additions voluntarily to reduce litigation costs and provide more information to shareholders, while denying all allegations and stating that no supplement was required. Shareholders vote at a special meeting on October 26, 2026.
One complaint, Garfield v. Eglin (N.Y. Sup. Ct., filed October 9, 2026), seeks to block the shareholder vote and the merger until corrective disclosures are made.
As of October 16, 2026, the company had received 14 demand letters from law firms making similar disclosure claims.
The supplemental disclosures add revised financial advisor analysis, including updated comparable company and precedent transaction multiples from BofA Securities.
The special meeting is scheduled for October 26, 2026, at 9:00 a.m. Eastern Time, in a virtual format.
LXP Industrial Trust reported a second-quarter 2026 net loss attributable to common shareholders of $(1.6) million, or $(0.03) per diluted share, compared with net income of $27.5 million a year earlier. The same day, it disclosed a merger agreement under which Brookfield and CPP Investments would acquire all outstanding shares for $61.20 in cash, a transaction valued at about $5.2 billion including net debt and preferred equity, and the company has suspended its common dividend.
Merger agreed July 19, 2026: all outstanding shares to be acquired for $61.20 per share in cash; expected to close by the end of Q4 2026, subject to shareholder approval and other closing conditions.
Q2 2026 net loss attributable to common shareholders of $(1.6) million, or $(0.03) per diluted share, versus net income of $27.5 million, or $0.47 per diluted share, in Q2 2025.
Adjusted Company FFO of $49.5 million, or $0.84 per diluted share, up 5.0% from $0.80 a year earlier; total gross revenues of $88.1 million versus $87.7 million.
Regular common dividend suspended effective immediately under the merger agreement; the company will no longer provide earnings guidance and will not hold an earnings call.
LXP Industrial Trust signed a merger agreement on July 19, 2026 to be acquired by Leopard REIT LLC, a vehicle of Brookfield and CPP Investments, for $61.20 per common share in cash. Exhibit 99.1 says the transaction is valued at about $5.2 billion including net debt and preferred equity, and the price is a 12.3% premium to the 30-day VWAP and 19.8% to the 90-day VWAP as of July 17, 2026. Completion requires shareholder approval and is expected in the fourth quarter of 2026.
Merger consideration: $61.20 per common share in cash, without interest
Go-shop period runs until 11:59 p.m. New York City time on August 28, 2026
Termination fee of $54,122,768 if the company terminates for a superior proposal before the September 2, 2026 cut-off; $108,245,537 in certain other cases
Company must suspend regular quarterly dividends during the merger, except those needed to maintain REIT status
LXP Industrial Trust reported first quarter 2026 results on April 29, 2026. Total gross revenues fell to $85.9 million from $88.9 million, mainly due to property dispositions, and the Trust recorded a net loss attributable to common shareholders of $1.9 million, compared with net income of $17.3 million a year earlier. Adjusted Company FFO rose to $0.80 per diluted share from $0.78, and management reaffirmed its 2026 Adjusted Company FFO guidance of $3.22 to $3.37 per diluted share.
Gross revenues were $85.9 million, down from $88.9 million in the first quarter of 2025.
Net loss attributable to common shareholders was $(0.03) per diluted share, versus $0.30 per diluted share a year earlier.
Adjusted Company FFO was $0.80 per diluted share, up 2.6% from $0.78; 2026 guidance of $3.22 to $3.37 was reaffirmed.
Repurchased and retired about 325,000 common shares at an average price of $48.70 during the quarter.
LXP Industrial Trust reported fourth-quarter 2025 results on February 12, 2026. Gross revenues and net income attributable to common shareholders both fell from a year earlier, while Adjusted Company FFO was flat at $0.79 per diluted share. The company also issued 2026 guidance of $(0.01) to $0.14 per diluted share for net income and $3.22 to $3.37 per diluted share for Adjusted Company FFO.
Q4 2025 total gross revenues were $86.7 million, versus $100.9 million a year earlier; the filing attributes the decline mainly to $15 million of prior-year rental revenue from a tenant purchase option.
Net income attributable to common shareholders was $27.1 million, or $0.46 per diluted share, versus $31.4 million, or $0.54 per diluted share, in Q4 2024.
Adjusted Company FFO was $47.0 million, or $0.79 per diluted share, unchanged from Q4 2024.
2026 guidance: net income attributable to common shareholders of $(0.01) to $0.14 per diluted share; Adjusted Company FFO of $3.22 to $3.37 per diluted share.
On January 13, 2026, LXP Industrial Trust entered into a third amended and restated credit agreement with KeyBank as agent, replacing its existing revolving and term loan facilities. The company says the new terms extend debt maturities and reduce borrowing costs, with the Revolver margin cut from 95 basis points to 77.5 basis points and the term loan margin cut from 110 basis points to 85 basis points.
Revolver: $600 million senior unsecured, matures January 31, 2030, with SOFR plus 77.5 basis points, down from 95 basis points under the previous facility
Term loan: $250 million unsecured, matures January 31, 2029, with SOFR plus 85 basis points, down from 110 basis points under the previous facility
Facility fee falls to 15 basis points from 20 basis points; lenders can increase total debt capacity to $1.8 billion with approval
The Trust has no Revolver borrowings outstanding; term loan proceeds will refinance the existing term loan
LXP Industrial Trust completed a one-for-five reverse split of its common shares, effective 5:00 p.m. ET on November 10, 2025, reducing outstanding common shares from approximately 295.8 million to approximately 59.2 million. The company said each shareholder's percentage ownership and voting power are unchanged, apart from minor effects of cash paid for fractional shares, and that the trading symbol LXP stays the same under a new CUSIP number.
Reverse split of 1-for-5 effective 5:00 p.m. ET on November 10, 2025; trading on a split-adjusted basis begins November 11, 2025 on the NYSE
Outstanding common shares reduced from approximately 295.8 million to approximately 59.2 million
Quarterly dividend of $0.14 per share for shareholders of record as of December 31, 2025 becomes $0.70 per share after the split
Conversion rate of 6.50% Series C Preferred Stock adjusted from approximately 2.4339 to approximately 0.48678 common shares per preferred share
LXP Industrial Trust reported third-quarter 2025 net income attributable to common shareholders of $34.6 million, or $0.12 per diluted share, up from $4.7 million, or $0.02, a year earlier, on total gross revenues of $86.9 million. Adjusted Company FFO was flat year over year at $46.7 million, or $0.16 per diluted share, and the company tightened its 2025 Adjusted Company FFO guidance to $0.63 to $0.64 per diluted share. The board also approved a one-for-five reverse split effective 5:00 p.m. ET on November 10, 2025, which the company says leaves each shareholder's ownership percentage and voting power unchanged, and cuts the share count from about 295.8 million to about 59.2 million.
Net income attributable to common shareholders was $34.6 million, or $0.12 per diluted share, for the quarter ended September 30, 2025, versus $4.7 million, or $0.02, a year earlier.
Total gross revenues were $86.9 million, compared with $85.6 million in the third quarter of 2024.
Adjusted Company FFO was $46.7 million, or $0.16 per diluted share, the same as a year earlier.
Full-year 2025 Adjusted Company FFO guidance was tightened to $0.63 to $0.64 per diluted share, on a pre-split basis; the reverse split takes effect November 10, 2025, with trading on a split-adjusted basis from November 11.
LXP Industrial Trust reported second quarter 2025 results on July 30, 2025. Net income attributable to common shareholders was $27.5 million, or $0.09 per diluted share, up from $3.8 million, or $0.01, a year earlier, while total gross revenues rose to $87.7 million from $85.8 million. The Trust also narrowed its 2025 Adjusted Company FFO guidance to $0.62 to $0.64 per diluted share.
Q2 2025 net income attributable to common shareholders: $27.5 million, or $0.09 per diluted share, versus $3.8 million, or $0.01, in Q2 2024
Q2 2025 Adjusted Company FFO: $47.3 million, or $0.16 per diluted share, versus $46.9 million, or $0.16, in Q2 2024
2025 guidance: Adjusted Company FFO of $0.62 to $0.64 per diluted share (tightened); net income of $0.13 to $0.15 per diluted share
Repurchased $28.1 million of Trust Preferred Securities at a 5.0% discount to par; net debt to Adjusted EBITDA was 5.8x
LXP Industrial Trust reported first-quarter 2025 results on May 1, 2025, with total gross revenues of $88.9 million, up from $86.3 million a year earlier. Net income attributable to common shareholders was $17.3 million, or $0.06 per diluted share, compared with a net loss of $1.9 million, or $0.01 per share, in the prior-year quarter; the filing attributes part of the result to a $24.6 million gain on sale of real estate. The Trust also gave updated 2025 guidance, and shareholders may weigh the reaffirmed Adjusted Company FFO range against the lower Adjusted Company FFO dollar total.
Total gross revenues were $88.9 million, compared with $86.3 million for the first quarter of 2024.
Adjusted Company FFO was $46.4 million, or $0.16 per diluted share, versus $48.8 million, or $0.16 per diluted share, a year earlier.
The Trust estimates 2025 net income attributable to common shareholders of $0.12 to $0.16 per diluted share and reaffirmed Adjusted Company FFO guidance of $0.61 to $0.65 per diluted share.
Subsequent to quarter end, the Trust sold a property in Chillicothe, OH, for a gross price of $39.6 million.
Effective March 1, 2025, LXP Industrial Trust appointed Nathan Brunner as Executive Vice President, Chief Financial Officer and Treasurer, replacing Beth Boulerice, who remains with the Trust in an advisory role. Brunner joined the Trust in September 2024 as Executive Vice President of Capital Markets and previously spent about 14 years as an investment banker at J.P. Morgan.
Brunner's current annual base salary is $500,000, under a letter agreement dated May 24, 2024.
He received a $250,000 cash bonus and a 150,000 nonvested common share award when he joined in September 2024.
His 2025 annual cash incentive is $504,804, of which $402,954 was paid in January 2025 and $101,850 is expected in March 2025.
LXP Industrial Trust reported fourth quarter 2024 results on February 13, 2025. Total gross revenues rose to $100.9 million from $83.0 million, and net income attributable to common shareholders rose to $31.4 million, or $0.11 per diluted share, from $13.0 million, or $0.04. Adjusted Company FFO fell to $47.0 million, or $0.16 per diluted share, from $51.4 million, or $0.17, and the trust estimated 2025 Adjusted Company FFO of $0.61 to $0.65 per diluted share.
Q4 2024 net income attributable to common shareholders was $31.4 million, or $0.11 per diluted share, versus $13.0 million, or $0.04, in Q4 2023.
Q4 2024 Adjusted Company FFO was $47.0 million, or $0.16 per diluted share, versus $51.4 million, or $0.17, in Q4 2023.
Total gross revenues were $100.9 million, versus $83.0 million a year earlier, including $15.0 million of additional rental revenue from a tenant purchase option.
2025 guidance: net income attributable to common shareholders of $0.01 to $0.05 per diluted share and Adjusted Company FFO of $0.61 to $0.65 per diluted share.
LXP Industrial Trust reported third-quarter 2024 net income attributable to common shareholders of $4.7 million, or $0.02 per diluted share, down from $11.0 million, or $0.04, a year earlier, while Adjusted Company FFO fell to $46.7 million from $51.9 million. Gross revenues rose slightly to $85.6 million, and the board raised the quarterly common dividend 3.8% to $0.135 per share. The company also narrowed its 2024 Adjusted Company FFO guidance to $0.63 to $0.64 per diluted share.
Q3 2024 net income attributable to common shareholders was $4.7 million, or $0.02 per diluted share, versus $11.0 million, or $0.04, in Q3 2023.
Adjusted Company FFO was $46.7 million, or $0.16 per diluted share, versus $51.9 million, or $0.18, a year earlier.
Total gross revenues were $85.6 million, compared with $85.4 million in the prior-year quarter.
Declared a quarterly common dividend of $0.135 per share, up 3.8%, payable January 15, 2025.
LXP Industrial Trust reported second quarter 2024 results. Total gross revenues fell to $85.8 million from $87.1 million a year earlier, mainly due to property sales, while net income attributable to common shareholders was $3.8 million, or $0.01 per diluted share, compared with a loss a year earlier. Adjusted Company FFO declined to $46.9 million, or $0.16 per diluted share, from $52.7 million, or $0.18, and the company narrowed its 2024 Adjusted Company FFO guidance to $0.62 to $0.65 per diluted share.
Total gross revenues were $85.8 million, versus $87.1 million for the quarter ended June 30, 2023, which the company attributed mainly to property sales and lower other revenue.
Net income attributable to common shareholders was $3.8 million, or $0.01 per diluted share, versus a loss of $(9.7) million, or $(0.03) per diluted share, a year earlier.
Adjusted Company FFO was $46.9 million, or $0.16 per diluted share, versus $52.7 million, or $0.18 per diluted share, a year earlier.
For 2024, the company estimates net income attributable to common shareholders of $0.10 to $0.13 per diluted share and tightened its Adjusted Company FFO range to $0.62 to $0.65 per diluted share.
LXP Industrial Trust said CFO and Treasurer Beth Boulerice will step down from those roles effective March 1, 2025, and remain an Executive Vice President advising the CEO. Nathan Brunner, a former J.P. Morgan real estate investment banker, was named Executive Vice President of Capital Markets and will succeed her as CFO and Treasurer on March 1, 2025, giving shareholders a planned leadership transition with a stated timeline.
Beth Boulerice steps down as CFO and Treasurer effective March 1, 2025, and continues as an Executive Vice President.
Nathan Brunner, age 41, starts as Executive Vice President of Capital Markets on September 1, 2024, and becomes CFO and Treasurer on March 1, 2025.
Boulerice's amended and restated severance agreement expires March 1, 2027, and adjusts the severance calculation for terminations after June 30, 2025.
LXP Industrial Trust reported a first-quarter 2024 net loss attributable to common shareholders of $1.9 million, or $(0.01) per diluted share, compared with net income of $9.5 million a year earlier, while total gross revenues rose to $86.3 million from $85.1 million. Adjusted Company FFO fell to $48.8 million, or $0.16 per diluted share, from $50.3 million, or $0.17, and the company now expects 2024 net income of $0.08 to $0.12 per diluted share while affirming its Adjusted Company FFO range of $0.61 to $0.65.
Q1 2024 net loss attributable to common shareholders of $1.9 million, or $(0.01) per diluted share, versus net income of $9.5 million, or $0.03, in Q1 2023
Q1 2024 Adjusted Company FFO of $48.8 million, or $0.16 per diluted share, versus $50.3 million, or $0.17, in Q1 2023
2024 guidance: net income attributable to common shareholders of $0.08 to $0.12 per diluted share; Adjusted Company FFO of $0.61 to $0.65 affirmed
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lexington Realty Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →