LXP Industrial Trust is a Maryland real estate investment trust that focuses on acquiring developing and managing Class A warehouse and distribution properties in the Sunbelt and lower Midwest regions of the United States. As of December 31 2025 the company owned interests in approximately 108 consolidated properties totaling about 52.7 million square feet of space with a lease occupancy rate of roughly 97.1 percent. The portfolio consists largely of single tenant facilities subject to net or similar leases where tenants bear most operating expenses.

LXP Industrial Trust generates revenue primarily from lease agreements with tenants who pay base rent and often reimbursements for property taxes insurance utilities and repairs under net lease structures. The company also earns fees and promotes returns through advisory services and co invest arrangements with institutional investors in joint ventures that hold office and special purpose industrial properties. These activities provide additional income streams beyond core property leasing.

The company operates through a single operating segment.

• The segment encompasses the ownership and management of industrial real estate the development of build to suit and speculative projects joint venture investments with institutional partners and the provision of advisory services to those ventures.

LXP Industrial Trust competes with numerous developers real estate companies financial institutions such as banks and insurance companies and other investors that seek similar industrial assets. Its competitive advantages stem from a concentrated footprint in 12 target markets a focus on high quality Class A buildings a predominantly single tenant net lease portfolio and a development strategy that partners with merchant builders to reduce risk and overhead.

The company serves a diversified tenant base that includes logistics distributors manufacturers and e commerce firms. The largest tenant accounts for 6.5 percent of annualized base rent while approximately 47.4 percent of annualized base rent comes from tenants with investment grade credit ratings.