LXP Industrial Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

LXP Industrial Trust (LXP) declares a regular common share dividend of $0.13 per share for the quarter ending March 31, 2024.

WEST PALM BEACH, Fla., March 18, 2024 (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 dividend for the quarter ending March 31, 2024 of $0.13 per common share payable on or about April 15, 2024 to common shareholders of record as of March 28, 2024.

LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending March 31, 2024, which is payable on or about May 15, 2024, to shareholders of record as of April 30, 2024.

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 dividend did LXP Industrial Trust declare for the quarter ending March 31, 2024?

LXP Industrial Trust declared a regular common share dividend of $0.13 per common share.

What type of real estate investments does LXP Industrial Trust focus on?

LXP Industrial Trust focuses on single-tenant industrial real estate investments.

What is the ticker symbol for LXP Industrial Trust?

The ticker symbol for LXP Industrial Trust is LXP.