LXP Industrial Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

LXP Industrial Trust (NYSE: LXP) has declared a quarterly common share dividend of $0.12 per share, payable on or about July 15, 2022 to shareholders of record as of June 30, 2022. Additionally, a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock will be paid on or about August 15, 2022 to shareholders of record as of July 29, 2022. LXP focuses on single-tenant industrial real estate investments and aims to expand its portfolio through acquisitions and development projects.

Positive

• Quarterly common share dividend of $0.12, enhancing shareholder income.
• Series C preferred stock dividend of $0.8125, providing additional returns to preferred shareholders.

Negative

• None.

NEW YORK, June 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 June 30, 2022 of $0.12 per common share/unit payable on or about July 15, 2022 to common shareholders/unitholders of record as of June 30, 2022.

LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending June 30, 2022, which is payable on or about August 15, 2022, to shareholders of record as of July 29, 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 quarter ending June 30, 2022?

LXP declared a common share dividend of $0.12 per share for the quarter ending June 30, 2022.

When is the dividend for common shares payable?

The dividend for common shares is payable on or about July 15, 2022.

What is the cash dividend amount for Series C preferred stock?

The cash dividend for Series C Cumulative Convertible Preferred Stock is $0.8125 per share.

When will the Series C preferred stock dividend be paid?

The Series C preferred stock dividend will be paid on or about August 15, 2022.

What is the record date for the common share dividend?

The record date for the common share dividend is June 30, 2022.

What is the record date for the Series C preferred stock dividend?

The record date for the Series C preferred stock dividend is July 29, 2022.