LXP Industrial Trust 2025年度报告

(Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _________________ to ________________Commission File Number 1-12386 LXP INDUSTRIAL TRUST (Exact name of registrant as specified in its charter) 515 N Flagler Dr, Suite 408, West Palm Beach, FL 33401(Address of principal executive offices) (zip code)(212) 692-7200(Registrant's telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act. Yes☐No☒ Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to such filing requirements for the past90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit andpost such files). Yes☒No☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financialreporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. Yes☒No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growthcompany. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule12b-2 of the ExchangeAct. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements. Yes☐No☒ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). Yes☐No☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ The aggregate market value of the voting and non-voting stock held by non-affiliates of LXP Industrial Trust was approximately $2,378.5 million based on the closing priceon the New York Stock Exchange for such stock on June 30, 2025. At February11, 2026, 59,077,036 shares of beneficial interest of LXP Industrial Trust, $0.0001 par value, classified as "common stock," were outstanding. Certain information contained in the Definitive Proxy Statement for LXP Industrial Trust's Annual Meeting of Shareholders, or an amendment on Form 10-K/A, isincorporated by reference in this Annual Report on Form10-K in response to PartIII, Items10, 11, 12, 13 and 14, which will be filed with the Securities and ExchangeCommission not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K. TABLE OF CONTENTSDescriptionPagePARTIITEM 1.Business4ITEM 1A.Risk Factors9ITEM 1B.Unresolved Staff Comments21ITEM 1C.Cyber Security21ITEM 2.Properties23ITEM 3.Legal Proceedings30ITEM 4.Mine Safety Disclosures30PARTIIITEM 5.Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities31ITEM 6.[Reserved]31ITEM 7.Management's Discussion and Analysis of Financial Condition and Results of Operations31ITEM 7A.Quantitative and Qualitative Disclosures about Market Risk45ITEM 8.Financial Statements and Supplementary Data46ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure87ITEM 9A.Controls and Procedures87ITEM 9B.Other Information87ITEM 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections87PARTIIIITEM 10.Directors, Executive Officers and Corporate Governance88ITEM 11.Executive Compensation88ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters88ITEM 13.Certain Relationships and Related Transaction