LXP Industrial Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

LXP Industrial Trust (NYSE: LXP) has declared a quarterly dividend of $0.12 per common share/unit for the quarter ending September 30, 2022, payable on or about October 17, 2022. Shareholders of record as of September 30, 2022 will qualify for this distribution. Additionally, a cash dividend of $0.8125 per share for Series C Cumulative Convertible Preferred Stock was announced, scheduled for payment on or about November 15, 2022, to shareholders of record by October 31, 2022. LXP focuses on single-tenant industrial real estate investments in the U.S.

Positive

• Regular common share/unit dividend of $0.12 reflects consistent income for shareholders.
• Cash dividend of $0.8125 for preferred shares indicates strong financial health.

Negative

• None.

NEW YORK, Sept. 15, 2022 (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 September 30, 2022 of $0.12 per common share/unit payable on or about October 17, 2022 to common shareholders/unitholders of record as of September 30, 2022.

LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending September 30, 2022, which is payable on or about November 15, 2022, to shareholders of record as of October 31, 2022.

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 declared by LXP for the upcoming quarter?

LXP has declared a dividend of $0.12 per common share/unit for the quarter ending September 30, 2022.

When will LXP pay its declared dividend?

The dividend will be payable on or about October 17, 2022.

What is the dividend amount for Series C Cumulative Convertible Preferred Stock?

The cash dividend for Series C shares is $0.8125 per share.

When will the Series C dividend be paid?

The dividend for Series C preferred shares will be payable on or about November 15, 2022.