LXP

EX-99.1

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EX-99.1

Document

Exhibit 99.1

LXP INDUSTRIAL TRUST

TRADED: NYSE: LXP

515 N FLAGLER DR, SUITE 408

WEST PALM BEACH, FL 33401

FOR IMMEDIATE RELEASE

LXP INDUSTRIAL TRUST REPORTS SECOND QUARTER 2026 RESULTS

West Palm Beach, Fla. - July 29, 2026 - LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended June 30, 2026.

Proposed Merger

On July 19, 2026, LXP entered into an Agreement and Plan of Merger (the “Merger Agreement”) with certain affiliates of Brookfield Asset Management (NYSE: BAM, TSX: BAM) (“Brookfield”) and Canada Pension Plan Investment Board ("CPP Investments," and together with Brookfield, collectively, the "Buyer") in which, upon the terms and subject to the conditions set forth in the Merger Agreement, the Buyer would acquire all of the outstanding shares of LXP for $61.20 per share in cash (collectively with the other transactions contemplated by the Merger Agreement, the “Merger”) in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. The proposed purchase price represents a premium of 12.3% to LXP’s 30-day volume weighted average price (“VWAP”) and a 19.8% premium to LXP’s 90-day VWAP, in each case for the period ended July 17, 2026. The transaction was unanimously approved by the LXP Board of Trustees and is expected to close by the end of the fourth quarter of 2026, subject to approval by LXP's shareholders and satisfaction of other customary closing conditions.

Second Quarter 2026 Highlights

•Recorded Net Loss attributable to common shareholders of $(1.6) million, or $(0.03) per diluted common share.

•Generated Adjusted Company Funds From Operations available to all equityholders - diluted (“Adjusted Company FFO”) of $49.5 million, or $0.84 per diluted common share, compared to $0.80 per diluted common share in the same period in 2025, an increase of 5.0%.

•Increased Same-Store NOI 0.5% compared to the same period in 2025.

•Pre-leased a 1.2 million square foot development project with an initial annual cash base rent of approximately $9.8 million.

•Completed 2.3 million square feet of new and extended second-generation leases, increasing Base and Cash Base Rents by 43.1% and 26.2%, respectively, excluding two fixed-rate renewals.

•Acquired a 37-acre infill covered land investment in Phoenix, Arizona for $103.2 million and an initial cash yield of 15.7%.

•Commenced two speculative development projects in the Columbus, Ohio market, consisting of a 750,000 square foot facility and a 161,000 square foot facility.

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Subsequent Highlights

•Sold one warehouse facility outside of target markets for $51 million.

•Completed 0.2 million square feet of new leases and lease extensions, increasing Cash Base Rents by 31.0%.

FINANCIAL RESULTS

Revenues

For the quarter ended June 30, 2026, total gross revenues were $88.1 million, compared with total gross revenues of $87.7 million for the quarter ended June 30, 2025. The increase is primarily attributable to acquisitions and increased rental revenue.

Net Income Attributable to Common Shareholders

For the quarter ended June 30, 2026, net loss attributable to common shareholders was $(1.6) million, or $(0.03) per diluted share, compared with net income attributable to common shareholders for the quarter ended June 30, 2025 of $27.5 million, or $0.47 per diluted share.

Adjusted Company FFO

For the quarter ended June 30, 2026, LXP generated Adjusted Company FFO of $49.5 million, or $0.84 per diluted share, compared to Adjusted Company FFO for the quarter ended June 30, 2025 of $47.3 million, or $0.80 per diluted share.

Dividends

LXP previously announced that it declared a regular quarterly common share dividend for the quarter ending June 30, 2026. The dividend of $0.70 per common share was paid on July 15, 2026 to common shareholders of record as of June 30, 2026.

LXP also previously announced that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock ("Series C Preferred") for the quarter ended June 30, 2026, which is expected to be paid on August 17, 2026 to shareholders of record as of July 31, 2026.

Pursuant to the terms of the Merger Agreement, LXP has agreed to suspend payment of its regular common share quarterly dividend, effective immediately, subject to certain exceptions set forth in the Merger Agreement. The Merger Agreement permits LXP to make regular quarterly dividends on the Series C Preferred shares.

TRANSACTION ACTIVITY

PROPERTY ACQUISITION

MarketSq. Ft.Initial Cost Basis ($000) Wtd. Average Lease Term (Yrs) % Leased at Acquisition

Phoenix, AZ(1) 599,664$103,164 4.9100%

1.37-acre infill industrial redevelopment site leased to Phoenix Education Partners through March 31, 2031.

The property was acquired at GAAP and cash capitaliz

EX-99.1

2 exhibit991-pressreleasedat.htm

EX-99.1

Document

Exhibit 99.1

LXP INDUSTRIAL TRUST

TRADED: NYSE: LXP

515 N FLAGLER DR, SUITE 408

WEST PALM BEACH, FL 33401

FOR IMMEDIATE RELEASE

LXP INDUSTRIAL TRUST REPORTS FIRST QUARTER 2026 RESULTS

West Palm Beach, Fla. - April 29, 2026 - LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended March 31, 2026.

First Quarter 2026 Highlights

•Recorded Net Loss attributable to common shareholders of $(1.9) million, or $(0.03) per diluted common share.

•Generated Adjusted Company Funds From Operations available to all equityholders - diluted (“Adjusted Company FFO”) of $47.3 million, or $0.80 per diluted common share, compared to $0.78 per diluted common share in the same period in 2025, an increase of 2.6%.

•Increased Same-Store NOI 2.0% compared to the same period in 2025.

•Extended lease at 1.1 million square foot Greenville/Spartanburg facility for additional four years through 2031, following the initial two-year lease signed in May 2025.

•Completed an additional 0.7 million square feet of new leases and lease extensions, increasing Base and Cash Base Rents by 34.1% and 24.3%, respectively.

•Commenced a 1.2 million square foot speculative development project in Phoenix, Arizona.

•Extended the maturities and reduced pricing on $600 million unsecured revolving credit facility and $250 million term loan.

•Repurchased and retired approximately 325,000 common shares at an average price of $48.70 per common share.

Subsequent Highlights

•Completed 1.4 million square feet of new leases and lease extensions, increasing Cash Base Rents by 23.4%, bringing year-to-date spreads on Cash Base Rents to 16.3%.

T Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, “Our first quarter results reflect LXP’s continued leasing momentum, with 3.2 million square feet leased year-to-date, underscoring the strength of both our target markets and demand for large-format logistics facilities. This activity included the successful outcome at our 1.1 million square foot facility in Greenville/Spartanburg, in which we extended the lease for an additional four years, further enhancing the 8% initial cash stabilized development yield. With active discussions underway on over seven million square feet in our leasing pipeline, we are optimistic that we will continue to achieve attractive leasing outcomes going forward.”

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FINANCIAL RESULTS

Revenues

For the quarter ended March 31, 2026, total gross revenues were $85.9 million, compared with total gross revenues of $88.9 million for the quarter ended March 31, 2025. The decrease is primarily attributable to property dispositions.

Net Income Attributable to Common Shareholders

For the quarter ended March 31, 2026, net loss attributable to common shareholders was $(1.9) million, or $(0.03) per diluted share, compared with net income attributable to common shareholders for the quarter ended March 31, 2025 of $17.3 million, or $0.30 per diluted share.

Adjusted Company FFO

For the quarter ended March 31, 2026, LXP generated Adjusted Company FFO of $47.3 million, or $0.80 per diluted share, compared to Adjusted Company FFO for the quarter ended March 31, 2025 of $46.4 million, or $0.78 per diluted share.

Dividends

LXP previously announced that it declared a regular quarterly common share dividend for the quarter ending March 31, 2026. The dividend of $0.70 per common share was paid on April 15, 2026 to common shareholders of record as of March 31, 2026.

LXP also previously announced that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock ("Series C Preferred") for the quarter ended March 31, 2026, which is expected to be paid on May 15, 2026 to shareholders of record as of April 30, 2026.

TRANSACTION ACTIVITY

ONGOING DEVELOPMENT AND REDEVELOPMENT PROJECTS

Project (% owned)# of BuildingsMarketEstimated Sq. Ft. Estimated Project Cost ($000) GAAP Investment Balance as of 3/31/2026

($000)(1)

LXP Amount Funded as of 3/31/2026

($000)(2) Estimated Base Building Completion Date% Leased as of 3/31/2026

Development Project

Reems & Olive - Building D (95.5%)1Phoenix, AZ1,185,000 $121,900 $23,953 $20,230 1Q 2027—%

Redevelopment Projects

Orlando (100%)(3) 1Central FL350,990 $9,400 $17,350 $3,242 4Q 2026—%

Richmond (100%)(3) 1Richmond, VA252,351 3,900 14,594 3,071 2Q 2026—%

Total Redevelopment Projects2603,341 $13,300 $31,944 $6,313

Land Infrastructure Improvements

Reems & Olive (95.5%)(4) N/APhoenix, AZN/A16,200 12,952 15,547 N/AN/A

Total 31,788,341 $151,400 $68,849 $42,090

1.Excludes leasing costs, incomplete costs and developer incentive fees or partner promotes, if any.

2.Excludes noncontrolling interests' share.

3.Estimated project costs exclude estimated tenant improvements and leasing costs.

4.Represents i

EX-99.1

2 exhibit991-pressreleasedat.htm

EX-99.1

Document

Exhibit 99.1

LXP INDUSTRIAL TRUST

TRADED: NYSE: LXP

515 N FLAGLER DR, SUITE 408

WEST PALM BEACH, FL 33401

FOR IMMEDIATE RELEASE

LXP INDUSTRIAL TRUST REPORTS FOURTH QUARTER 2025 RESULTS

West Palm Beach, Fla. - February 12, 2026 - LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended December 31, 2025.

Fourth Quarter 2025 Highlights

•Recorded Net Income attributable to common shareholders of $27.1 million, or $0.46 per diluted common share.

•Generated Adjusted Company Funds From Operations available to all equityholders - diluted (“Adjusted Company FFO”) of $47.0 million, or $0.79 per diluted common share.

•Same-Store NOI increased 2.9% for the full year and was in line for the quarter compared to the same periods in 2024.

•Completed 2.1 million square feet of new leases and lease extensions, increasing Base and Cash Base Rents by 27.4% and 22.6%, respectively, excluding two fixed-rate renewals.

•Sold four warehouse facilities outside of target markets for gross proceeds of $116.2 million.

•Repaid $140 million of 6.75% Senior Notes due 2028.

•Reduced net debt to Adjusted EBITDA to 4.9x.

•Completed a reverse split of common shares at a ratio of 1-for-5 on November 10, 2025.

Subsequent Highlights

•Extended the maturities and reduced pricing on $600 million unsecured revolving credit facility and $250 million unsecured term loan.

•Repurchased and retired approximately 277,000 common shares in December 2025 and January 2026 for an average price of $49.47 per common share.

Full Year 2025 Highlights

•Recorded Net Income attributable to common shareholders of $106.5 million, or $1.82 per diluted common share.

•Generated Adjusted Company FFO of $187.3 million, or $3.15 per diluted common share.

•Increased the Stabilized Portfolio leased percentage to 97.1%.

•Completed 3.8 million square feet of new second-generation leases and lease extensions, increasing Base and Cash Base Rents by 29.7% and 27.7%, respectively, excluding fixed-rate renewals and an additional two-year extension to 2030 at a 605,000 square foot facility.

•Leased 1.1 million square foot development project with initial Cash Base Rent of $5.50 per square foot.

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•Commenced redevelopment of two warehouse facilities located in the Central Florida and Richmond, Virginia markets, totaling 603,000 square feet.

•Acquired one warehouse facility in the Atlanta, Georgia market for $30 million.

•Disposed of 11 warehouse facilities for gross proceeds of $389.1 million, including two vacant development projects totaling 2.1 million square feet sold to a user buyer for $175 million.

•Repaid an aggregate of $218.1 million of debt, including $140 million of 6.75% Senior Notes due 2028, $50 million of unsecured term loan and $28.1 million of Trust Preferred Securities.

T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, “Our fourth quarter capped a successful 2025, highlighted by new leases and lease extensions, healthy occupancy gains and continued portfolio optimization. We made significant progress advancing our key objectives during the year, most notably reducing net debt to Adjusted EBITDA to 4.9x from 5.9x and increasing occupancy from 93.6% to 97.1%. In the fourth quarter, we leased over two million square feet at Base and Cash Base rental increases of approximately 27% and 23%, respectively, excluding fixed rate renewals, bringing full-year leasing volume to nearly five million square feet. Property sales of $389 million in 2025, including $116 million in the fourth quarter, allowed us to pay down high coupon debt, exit five non-target markets and repurchase shares. In 2026, we are focused on strategic capital deployment through disciplined external growth opportunities primarily in our land bank, executing opportunistic share repurchases, driving attractive mark-to-market outcomes and leasing our remaining vacancies.”

FINANCIAL RESULTS

Revenues

For the quarter ended December 31, 2025, total gross revenues were $86.7 million, compared with total gross revenues of $100.9 million for the quarter ended December 31, 2024. The decrease is primarily attributable to additional rental revenue of $15 million in the quarter ended December 31, 2024 related to a tenant exercising a purchase option in a sales-type lease.

Net Income Attributable to Common Shareholders

For the quarter ended December 31, 2025, net income attributable to common shareholders was $27.1 million, or $0.46 per diluted share, compared with net income attributable to common shareholders for the quarter ended December 31, 2024 of $31.4 million, or $0.54 per diluted share.

Adjusted Company FFO

For the quarter ended December 31, 2025, LXP generated Adjusted Company FFO of $47.0 million, or $0.79 per diluted share, compared to Adjusted Compan