LXP Industrial Trust filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on October 27, 2026, reporting third-quarter net income of $92.1 million driven in part by a $94.5 million gain on sale or disposal of real estate.

Key Highlights

  • Net income of $92,052 thousand for the three months ended September 30, 2026, compared to $42,357 thousand in the same period of 2025, according to the filing.
  • Rental revenue of $89,815 thousand for Q3 2026, up from $85,811 thousand in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Gain on sale or disposal of real estate of $94,486 thousand was recorded in the three months ended September 30, 2026, versus $46,159 thousand in the prior-year quarter.
  • Total assets of $3,503,869 thousand as of September 30, 2026, compared to $3,537,022 thousand as of December 31, 2025.
  • 58,961,329 common shares of beneficial interest were outstanding as of October 26, 2026, the filing disclosed.
  • Basic earnings per common share of $1.55 for Q3 2026, compared to $0.59 for Q3 2025, per the filing.
  • Transaction costs of $5,608 thousand were recorded in Q3 2026, versus zero in Q3 2025, according to the statements of operations.

LXP Industrial Trust Financial Results for the Quarter Ended September 30, 2026

LXP Industrial Trust (NYSE:LXP), a Maryland-organized real estate investment trust headquartered in West Palm Beach, Florida, reported net income of $92,052 thousand for the three months ended September 30, 2026, according to its unaudited condensed consolidated financial statements. The company reported net income attributable to LXP Industrial Trust shareholders of $92,054 thousand for the same period, with net income attributable to common shareholders of $90,274 thousand after preferred dividends of $1,573 thousand and an allocation to participating securities of $207 thousand.

The filing disclosed that total gross revenues for Q3 2026 were $90,784 thousand, consisting of rental revenue of $89,815 thousand and other revenue of $969 thousand. A gain on sale or disposal of, and recovery on, real estate of $94,486 thousand was a significant contributor to income before taxes of $93,398 thousand for the quarter. Interest and amortization expense declined to $13,359 thousand from $16,095 thousand in Q3 2025. Transaction costs of $5,608 thousand were also recorded in the third quarter of 2026. For the nine months ended September 30, 2026, the company reported net income of $91,753 thousand and total gross revenues of $264,842 thousand.

On the balance sheet as of September 30, 2026, the filing reported real estate, net of $3,194,663 thousand, cash and cash equivalents of $110,310 thousand, and total equity of $2,044,629 thousand. Total liabilities stood at $1,459,240 thousand, including senior notes payable, net, of $953,925 thousand, a term loan payable, net, of $247,968 thousand, and trust preferred securities, net, of $100,172 thousand. The Series C Cumulative Convertible Preferred Stock carried a liquidation preference of $96,769 thousand with 1,935,375 shares issued and outstanding, and cumulative dividends in arrears of $0.8125 per share, or $1,573 thousand in the aggregate, as of the quarter end.

What Was Disclosed

LXP Industrial Trust's 10-Q for Q3 2026 disclosed unaudited financial statements covering the three and nine months ended September 30, 2026, including income, balance sheet, and cash flow data, along with share counts and capital structure details as of that date.