LXP Industrial Trust Named 2023 Green Lease Leader With Gold Recognition

Rhea-AI Summary

LXP Industrial Trust (NYSE:LXP), a REIT focusing on single-tenant warehouse and distribution properties, announced its recognition as a 2023 Green Lease Leader with Gold status from the Institution for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance.

This accolade highlights LXP's commitment to energy efficiency and sustainability through its green leasing practices, including utility data tracking and sustainability training. By year-end 2022, LXP's portfolio encompassed approximately five million square feet of green leases. Senior VP Leslie Moore expressed pride in this achievement and the company's goal to expand its green lease footprint further.

Positive

• Achieved 2023 Green Lease Leaders Gold recognition, emphasizing sustainability and energy efficiency.
• Portfolio expansion includes approximately five million square feet of green leases by year-end 2022.
• Focus on sustainable practices through utility data tracking and cost recovery for capital improvements.

Negative

• None.

NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse/distribution real estate investments, today announced that it was named a 2023 Green Lease Leader, achieving a Gold recognition, by the Institution for Market Transformation (IMT) and the U.S. Department of Energy's (DOE) Better Buildings Alliance during the Better Buildings, Better Plants Summit. Green Lease Leaders, which launched in 2014, sets standards for green leasing and recognizes landlords and tenants who modernize their leases by focusing on energy efficiency, cost-savings, air quality improvement and sustainability in buildings.

LXP’s Green Lease Leaders Gold recognition was achieved through its green leasing practices, specifically LXP’s disclosure of the policies and practices executed in leasing transactions and demonstration of compliance and implementation of prerequisites and credits pursued in obtaining green leases. To receive this recognition, LXP qualified for credits in energy efficiency and sustainability best practices, such as utility data tracking and sharing, cost recovery for capital improvements and sustainability training.

Leslie Moore, Senior Vice President and Director of ESG and Corporate Operations, commented, “We are thrilled to receive the 2023 Green Lease Leaders Gold recognition. At year-end 2022, LXP’s portfolio included approximately five million square feet of green leases. We are proud of this accomplishment, particularly given the net lease nature of most of our leases. We look forward to further increasing our green lease footprint through existing and new leases and remain committed to creating value through sustainable practices at LXP.”

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, 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, Investor Relations
LXP Industrial Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com

FAQ

What is LXP's recent recognition in 2023?

LXP Industrial Trust was recognized as a 2023 Green Lease Leader with Gold status for its sustainability efforts.

How much of LXP's portfolio consists of green leases?

As of year-end 2022, LXP's portfolio included approximately five million square feet of green leases.

What are the criteria for the Green Lease Leaders recognition?

The recognition is based on standards for energy efficiency, cost-savings, air quality improvement, and sustainability in leases.

Who commented on LXP's Green Lease Leaders recognition?

Leslie Moore, Senior Vice President and Director of ESG and Corporate Operations, commented on the achievement.

What type of properties does LXP Industrial Trust focus on?

LXP focuses on single-tenant warehouse and distribution real estate investments.