← LXP Industrial Trust
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $95.6m |
$85.6m
-10.50%
|
$227.4m
+165.72%
|
$279.9m
+23.08%
|
$183.3m
-34.51%
|
$382.6m
+108.75%
|
$113.8m
-70.26%
|
$30.4m
-73.30%
|
$44.5m
+46.58%
|
$113.2m
+154.10%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $89.1m |
$79.1m
-11.27%
|
$220.8m
+179.30%
|
$273.2m
+23.72%
|
$176.8m
-35.30%
|
$375.8m
+112.60%
|
$107.3m
-71.45%
|
$23.9m
-77.76%
|
$37.9m
+58.92%
|
$106.5m
+180.76%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $96.5m | $86.6m | $230.9m | $285.3m | $186.4m | $385.1m | $116.2m | $35.9m | $42.8m | $117.6m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $826k | $1.0m | $3.5m | $5.4m | $3.1m | $2.4m | $2.5m | $5.5m | ($1.7m) | $4.5m | — | |
| Depreciation, Depletion and Amortization | $170.0m | $177.6m | $172.1m | $150.4m | $164.3m | $179.5m | $183.4m | $186.5m | $196.6m | $200.1m | $204.6m | |
| Amortization of right of use assets | — | — | $0 | $3.6m | $3.8m | $3.7m | $4.0m | $4.1m | $4.2m | $4.5m | — | |
| Principal amortization payments | ($26.8m) | ($30.1m) | ($29.7m) | ($24.3m) | ($19.4m) | ($13.6m) | ($11.3m) | ($12.3m) | ($5.4m) | ($5.6m) | — | |
| Principal payments on debt, excluding normal amortization | ($110.0m) | ($50.8m) | ($14.6m) | ($89.2m) | $0 | ($14.6m) | $0 | $0 | $0 | ($50.0m) | — | |
| Reduction of accumulated depreciation and amortization related to an expired Ground Lease in Palo Alto, California | — | — | — | — | — | — | — | $29.4m | $0 | $0 | — | |
| Share-based Payment Arrangement, Expense | $8.4m | $8.3m | $6.9m | $5.8m | $6.2m | $6.6m | $6.6m | $8.2m | $9.5m | $10.7m | — | |
| Impairment charges | $100.2m | $45.0m | $95.8m | $5.3m | $14.5m | $5.5m | $3.0m | $16.5m | $0 | $0 | — | |
| Income (Loss) from Equity Method Investments | $7.6m | ($848k) | $1.7m | $2.9m | ($169k) | ($190k) | $16.0m | $1.4m | ($3.2m) | ($4.4m) | — | |
| Nonoperating Income (Expense) | $13.0m | $10.4m | $3.5m | $2.3m | $743k | $1.4m | $935k | $3.0m | $7.7m | $2.8m | — | |
| Change in accounts payable and other liabilities | ($1.7m) | ($1.1m) | ($129k) | ($270k) | $2.9m | $8.0m | ($1.6m) | $4.4m | $2.9m | $979k | — | |
| Accounts payable related to Investment in real estate under construction | — | — | — | — | — | — | — | $21.1m | $14.7m | $4.7m | $979k | |
| Change in accrued interest payable | $808k | $16k | ($891k) | $3.4m | $1.9m | $2.1m | $700k | $2.2m | ($862k) | ($1.3m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $235.3m |
$227.8m
-3.19%
|
$217.8m
-4.37%
|
$192.2m
-11.77%
|
$201.8m
+5.02%
|
$220.3m
+9.17%
|
$194.3m
-11.83%
|
$209.4m
+7.81%
|
$211.2m
+0.83%
|
$188.7m
-10.64%
|
$188.7m
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | $139.0m | $367.3m | $59.1m | $33.0m | $39.8m | $145.6m | ($129.4m) | |
| Capital expenditures | ($4.4m) | ($15.2m) | ($15.5m) | ($17.8m) | ($17.2m) | ($15.2m) | ($32.6m) | ($17.9m) | ($17.8m) | ($24.9m) | ($19.0m) | |
| Investments in non-consolidated entities, net | ($37.2m) | ($9.9m) | ($10.2m) | ($8.0m) | ($7.5m) | ($4.5m) | ($3.2m) | ($3.6m) | ($1.3m) | ($546k) | — | |
| Reclassification of Real estate, net to Investments in real estate under construction | — | — | — | — | — | — | — | $0 | $0 | $24.6m | — | |
| Deconsolidation of Lombard Street Lots, LLC in Investments in non-consolidated entities | — | — | — | — | — | — | — | $0 | $2.3m | $0 | — | |
| Net Cash Provided by (Used in) Investing Activities | ($10.2m) | ($259.1m) | $554.9m | ($187.0m) | ($494.4m) | ($337.8m) | ($236.9m) | ($183.5m) | $86.4m | $298.2m | $110.7m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($975k) | $6.2m | ($2.6m) | ($4.5m) | $21.5m | ($13.9m) | ($119k) | ($132k) | $0 | ($11.8m) | — | |
| Repayments of Long-term Debt | $110.0m | $50.8m | $14.6m | — | — | — | — | — | — | — | ($160.0m) | |
| Proceeds from Issuance of Long-term Debt | $0 | $95.0m | $0 | $0 | — | — | — | — | — | — | $35.0m | |
| Debt satisfaction losses, net | — | ($6.2m) | $2.6m | $4.5m | ($21.5m) | $13.9m | $119k | $132k | $0 | $11.8m | — | |
| Revolving credit facility borrowings | $95.0m | $270.0m | $150.0m | $110.0m | $170.0m | $555.0m | $280.0m | $125.0m | $85.0m | $0 | — | |
| Payments for early extinguishment of debt | ($5.6m) | ($1.3m) | ($5k) | ($3.5m) | ($11.1m) | ($12.7m) | $0 | $0 | $0 | ($11.3m) | — | |
| Payments for Repurchase of Common Stock | — | — | — | $3.6m | $11.0m | $0 | $130.7m | $0 | $0 | $4.0m | — | |
| Proceeds from Issuance of Common Stock | $12.2m | $16.8m | ($2.8m) | $197.6m | $222.4m | $60.6m | $215.6m | ($2.7m) | ($2.0m) | — | — | |
| Dividends paid | $166 | $172 | $176 | $123 | $118 | $128 | $142 | $152 | $158 | $164 | ($167.5m) | |
| Dividends Payable | $47 | $50 | $49 | $32 | $35 | $37 | $38 | $40 | $41 | $45 | — | |
| Dividends to common and preferred shareholders | ($166) | ($172) | ($176) | ($123) | ($118) | ($128) | ($142) | ($152) | ($158) | ($164) | — | |
| Net Cash Provided by (Used in) Financing Activities | ($231.7m) |
$52.5m
+122.65%
|
($707.6m)
-1448.34%
|
($53.2m)
+92.49%
|
$342.6m
+744.57%
|
$129.1m
-62.32%
|
($93.9m)
-172.71%
|
$119.0m
+226.73%
|
($395.0m)
-432.02%
|
($418.3m)
-5.91%
|
($355.3m)
+15.06%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $65.1m | ($47.9m) | $50.1m | $11.7m | ($136.5m) | $145.0m | ($97.4m) | $68.6m | $18.2m | |
| Cash, cash equivalents and restricted cash at beginning of year | $117.8m | $112.2m | $177.2m | $129.3m | $179.4m | $191.0m | $54.5m | $199.5m | $102.1m | $170.7m | — | |
| Cash and cash equivalents at beginning of year | $86.6m | $107.8m | — | — | — | — | — | $199.2m | $101.8m | $170.4m | $71.2m | |
| Restricted cash at beginning of year | — | — | — | — | — | — | — | $216k | $237k | $257k | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $177.2m | $129.3m | $179.4m | $191.0m | $54.5m | $199.5m | $102.1m | $170.7m | $18.2m | |
| Change in cash, cash equivalents and restricted cash | $13.9m | ($5.6m) | $65.1m | ($47.9m) | $50.1m | $11.7m | ($136.5m) | $145.0m | ($97.4m) | $68.6m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $1.8m | $2.1m | $690k | $5.5m | $3.8m | $4.0m | $3.6m | $5.8m | $0 | $0 | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $76.6m | $59.0m | $52.1m | $44.2m | $48.7m | $51.8m | $66.7m | $60.4m | — | |
| Income Taxes Paid, Net | $1.2m | $2.3m | $2.0m | $1.5m | $1.7m | $1.6m | $1.3m | $951k | $274k | $923k | — | |
| Additional Financial Items | ||||||||||||
| Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount | — | — | — | — | — | — | — | — | $209k | $0 | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Properties | $81.5m | $63.4m | $252.9m | $250.9m | $139.0m | $367.3m | $59.1m | $33.0m | $39.8m | $145.6m | — | |
| Gain (Loss) Related to Litigation Settlement | — | ($2.0m) | $0 | $0 | — | — | — | — | — | — | — | |
| General and Administrative Expense | $31.1m | $34.2m | $31.7m | $30.8m | $30.4m | $35.5m | $38.7m | $36.3m | $40.0m | $40.1m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $96.5m | $86.6m | $230.9m | $285.3m | $186.4m | $385.1m | $116.2m | $35.9m | $42.8m | $117.6m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $1.4m | $1.9m | $1.7m | $1.4m | $1.6m | $1.3m | $1.1m | $703k | ($127k) | $163k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $66.5m | $62.9m | — | |
| Operating Lease, Lease Income | — | — | — | $320.6m | $325.8m | $339.9m | $314.0m | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | $867k | $1.3m | $21.4m | $7.8m | $714k | $1.8m | $1.8m | — | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | — | — | — | $47.1m | $0 | $0 | — | — | |
| Gain on change in control of a subsidiary | — | — | — | — | — | — | $0 | $0 | ($209k) | $0 | — | |
| Gain on sale or disposal of, and recovery on, real estate, net | ($81.5m) | ($63.4m) | ($252.9m) | ($250.9m) | ($139.0m) | ($367.3m) | ($59.1m) | ($33.0m) | ($39.8m) | ($145.6m) | — | |
| Change in allowance for credit loss | — | — | — | — | $0 | $0 | $93k | ($32k) | ($61k) | $0 | — | |
| Straight-line rents | ($37.4m) | ($19.6m) | ($20.2m) | ($14.3m) | ($13.6m) | ($12.3m) | ($11.4m) | ($9.5m) | ($7.1m) | ($5.4m) | — | |
| Other non-cash expense, net | $1.7m | $8.1m | ($3.1m) | $6.1m | $6.2m | $6.7m | $6.1m | $5.9m | $7.5m | $11.8m | — | |
| Equity in (earnings) losses of non-consolidated entities | ($7.6m) | $848k | ($1.7m) | ($2.9m) | $169k | $190k | ($16.0m) | ($1.4m) | $3.2m | $4.4m | — | |
| Distributions of accumulated earnings from non-consolidated entities | $815k | $403k | $2.1m | $2.6m | $0 | $0 | $17.0m | $4.6m | $1.6m | $0 | — | |
| Change in rent receivable and prepaid rent, net | ($1.8m) | $2.9m | ($3.9m) | $3.8m | $80k | $1.1m | $623k | ($488k) | $5.6m | ($4.8m) | — | |
| Other adjustments, net | ($1.2m) | $657k | ($2.8m) | ($4.5m) | ($4.1m) | ($6.0m) | ($1.9m) | ($6.5m) | ($5.3m) | ($5.3m) | — | |
| Acquisition of real estate, including intangible assets | — | ($558.6m) | ($316.0m) | ($662.0m) | ($611.8m) | ($758.4m) | ($132.0m) | ($15.0m) | ($162.0m) | ($32.7m) | — | |
| Investment in real estate under construction | ($132.2m) | ($83.3m) | $0 | ($11.3m) | ($54.0m) | ($288.5m) | ($276.7m) | ($120.8m) | ($105.7m) | ($28.9m) | — | |
| Insurance proceeds | — | — | — | — | — | — | — | $0 | $0 | $5.3m | — | |
| Net proceeds from sale of properties | $370.0m | $223.9m | $898.5m | $504.1m | $192.6m | $728.4m | $194.5m | $97.8m | $177.5m | $380.2m | — | |
| Realization of net investment in a sales-type lease | — | — | — | — | — | — | $0 | $0 | $65.8m | $0 | — | |
| Principal payments on loans receivable | — | — | — | $0 | $0 | $8k | $27k | $1.5m | $0 | $0 | — | |
| Distributions from non-consolidated entities in excess of accumulated earnings | $8.2m | $531k | $3.3m | $17.1m | $8.1m | $8.3m | $19.9m | $10.0m | $7.3m | $5.0m | — | |
| Payments of deferred leasing costs | ($6.6m) | ($6.5m) | ($4.5m) | ($8.2m) | ($4.8m) | ($7.3m) | ($5.2m) | ($6.2m) | ($7.2m) | ($4.5m) | — | |
| Investment in held-to-maturity securities | — | — | — | — | — | $0 | $0 | ($130.0m) | $130.0m | $0 | — | |
| Change in real estate deposits, net | ($20.8m) | $20.8m | ($760k) | ($817k) | $379k | $947k | ($1.7m) | $867k | ($168k) | ($891k) | — | |
| Repurchase of senior notes | — | — | $0 | $0 | ($112.3m) | ($188.8m) | $0 | $0 | ($198.9m) | ($140.0m) | — | |
| Revolving credit facility payments | ($272.0m) | ($110.0m) | ($310.0m) | ($110.0m) | ($170.0m) | ($555.0m) | ($280.0m) | ($125.0m) | ($85.0m) | $0 | — | |
| Repurchase of trust preferred securities | — | — | — | — | — | — | — | $0 | $0 | ($26.7m) | — | |
| Proceeds from issuance of senior notes | $0 | — | $0 | $0 | $396.9m | $399.0m | $0 | $298.3m | $0 | $0 | — | |
| Deferred financing costs | ($1.8m) | ($2.1m) | ($690k) | ($5.5m) | ($3.8m) | ($4.0m) | ($3.6m) | ($5.8m) | $0 | $0 | — | |
| Cash distributions to noncontrolling interests | ($3.4m) | ($3.2m) | ($3.4m) | ($2.8m) | ($1.9m) | ($1.7m) | ($1.3m) | ($7.3m) | ($4.4m) | ($17.0m) | — | |
| Cash contributions from noncontrolling interests | — | $0 | $0 | $867k | $1.3m | $21.4m | $7.8m | $714k | $1.8m | $1.8m | — | |
| Repurchase of common shares | ($9.0m) | $0 | ($47.2m) | ($3.6m) | ($11.0m) | $0 | ($130.7m) | $0 | $0 | ($4.0m) | — | |
| Purchase of noncontrolling interest | — | — | — | — | $0 | $0 | ($28.0m) | $0 | ($27.9m) | $0 | — | |
| Issuance of common shares, net of costs and repurchases to settle tax obligations | $12.2m | $16.8m | ($2.8m) | $197.6m | $222.4m | $60.6m | $215.6m | ($2.7m) | ($2.0m) | ($1.3m) | — | |
| Deconsolidation of Lombard Street Lots, LLC in Real estate, at cost | — | — | — | — | — | — | — | $0 | $4.6m | $0 | — | |
| Deconsolidation of Lombard Street Lots, LLC in Noncontrolling interests | — | — | — | — | — | — | — | $7.8m | $2.5m | $0 | — | |
| Reclassification to Real estate, net from Gain on sale or disposal of, and recovery on, real estate net | — | — | — | — | — | — | — | $1.4m | $0 | $389k | — | |
| Reduction of Real estate, net related to an expired Ground Lease in Palo Alto, California | — | — | — | — | — | — | — | $29.4m | $0 | $0 | — |