LXP Industrial Trust Announces Final 2022 Dividend Allocation
LXP Industrial Trust (NYSE: LXP), a real estate investment trust focused on single-tenant industrial properties, announced its final 2022 dividend allocations for common and preferred shares. The common shares will receive $0.1200 per share, while the Series C preferred shares will receive $0.8125 per share, with record dates and payable dates specified. Additionally, the company reported returns of capital on common shares and filed IRS Form 8937 for tax purposes. The firm is actively expanding its portfolio through acquisitions and development projects, underscoring its commitment to growth.
- Final 2022 dividends of $0.1200 for common shares and $0.8125 for preferred shares indicate strong income for shareholders.
- Active expansion plans through acquisitions and projects reflect company confidence in growth.
- None.
NEW YORK, Jan. 19, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced its final 2022 dividend income allocations for both its common and preferred shares as they will be reported on Form 1099-DIV. Additionally, the return of capital on the common shares (Nondividend Distributions in the table below) was reported on Internal Revenue Service Form 8937 pursuant to U.S. tax basis reporting as required under Internal Revenue Code 6045B. A copy of the Internal Revenue Service Form 8937 can be found in the investor’s section on LXP’s website at https://ir.lxp.com/stock-info/tax-documents/form-8937/default.aspx.
| Common Shares | |||||||||||||
| Record Date | Payable Date | Total Distributions Per Share | Total Ordinary Dividends | Qualified Dividends(1) | Total Capital Gain Distributions | Unrecaptured Section 1250 Gain | Nondividend Distributions(2) | Section 199A Dividends(1) | |||||
| 12/31/2021 | 01/18/2022 | ||||||||||||
| 03/31/2022 | 04/18/2022 | ||||||||||||
| 06/30/2022 | 07/15/2022 | ||||||||||||
| 09/30/2022 | 10/17/2022 | ||||||||||||
| Form 1099 - Div Box | 1a | 1b | 2a | 2b | 3 | 5 | |||||||
| Series C Cumulative Convertible Preferred Stock | |||||||||||||
| Record Date | Payable Date | Total Distributions Per Share | Total Ordinary Dividends | Qualified Dividends (1) | Total Capital Gain Distributions | Unrecaptured Section 1250 Gain | Nondividend Distributions (2) | Section 199A Dividends(1) | |||||
| 01/31/2022 | 02/15/2022 | ||||||||||||
| 04/29/2022 | 05/16/2022 | ||||||||||||
| 07/29/2022 | 08/15/2022 | ||||||||||||
| 10/31/2022 | 11/15/2022 | ||||||||||||
| Form 1099 - Div Box | 1a | 1b | 2a | 2b | 3 | 5 | |||||||
| (1) | Qualified Dividends (Box 1b) and Section 199A Dividends (Box 5) are a subset of, and are included in, the Total Ordinary Dividends reported in Box 1a. |
| (2) | Return of Capital. |
ABOUT LXP INDUSTRIAL TRUST
LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant warehouse and distribution investments across the United States. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit www.lxp.com.
Contact:
Investor or Media Inquiries for LXP Industrial Trust:
Heather Gentry, Senior Vice President of Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com
FAQ
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