LXP Industrial Trust Declares Regular Quarterly Dividend for the Quarter Ending December 31, 2023, Payable January 16, 2024
October 31, 2023 at 06:00 am EDT
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LXP Industrial Trust announced that it declared a regular quarterly common share/unit dividend/distribution for the quarter ending December 31, 2023 of $0.13 per common share/unit payable January 16, 2024 to common shareholders/unitholders of record as of December 29, 2023. This represents an increase of 4% from the previous quarterly per share common share/unit dividend/distribution and equates to an annualized increase of $0.02 per common share/unit and an annualized dividend/distribution of $0.52 per common share/unit, subject to and assuming future declarations.
LXP Industrial Trust is a real estate investment trust focused on single-tenant industrial real estate investments across the United States. The Company invests in single-tenant warehouse/distribution real estate. The Company conducts its operations indirectly through property owner subsidiaries, which are single purpose entities; a wholly owned taxable REIT subsidiaries (TRS), Lexington Realty Advisors, Inc., and joint ventures. It has investments in the Lower Midwest and Sunbelt. The Company's warehouse/distribution portfolio includes various industries, such as electronic commerce, automotive, construction/materials, food, apparel, specialty, technology, retail department, aerospace/defense, healthcare, consumer products, transportation/logistics and others. It has ownership interests in approximately 115 consolidated real estate properties, located in 18 states and containing an aggregate of approximately 54.6 million square feet of space, approximately 99.8% of which is leased.
LXP INDUSTRIAL TRUST 
