LXP Industrial Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

LXP Industrial Trust (NYSE: LXP) has declared a quarterly common share dividend of $0.125 per share, payable on or about April 17, 2023, to shareholders of record as of March 31, 2023. Additionally, a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock has been announced, payable on or about May 15, 2023, to shareholders of record as of April 28, 2023. LXP focuses on single-tenant industrial real estate investments and continues to seek portfolio expansion through various investments and development strategies.

Positive

• Quarterly dividend of $0.125 per common share reflects consistent shareholder income.
• Cash dividend of $0.8125 for Series C Preferred Stock adds to investor returns.

Negative

• None.

NEW YORK, March 15, 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 that it declared a regular common share/unit dividend/distribution for the quarter ending March 31, 2023 of $0.125 per common share/unit payable on or about April 17, 2023 to common shareholders/unitholders of record as of March 31, 2023.

LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending March 31, 2023, which is payable on or about May 15, 2023, to shareholders of record as of April 28, 2023.

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.

This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under LXP’s control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, (1) the discretion of LXP’s Board of Trustees with respect to the authorization of future dividend declarations and (2) those factors and risks detailed in LXP's periodic filings with the Securities and Exchange Commission. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events.

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

What is the dividend amount for LXP Industrial Trust for the quarter ending March 31, 2023?

LXP has declared a dividend of $0.125 per common share for the quarter ending March 31, 2023.

When will the dividends for LXP Industrial Trust be paid?

The common share dividend will be payable on or about April 17, 2023, and the preferred stock dividend on or about May 15, 2023.

Who are eligible for the dividends declared by LXP Industrial Trust?

Shareholders of record as of March 31, 2023, for the common share dividend and April 28, 2023, for the preferred stock dividend are eligible.

How often does LXP Industrial Trust declare dividends?

LXP typically declares dividends quarterly, reflecting its commitment to returning value to shareholders.

What is the focus of LXP Industrial Trust's investments?

LXP focuses on single-tenant industrial real estate investments in the United States.