LXP Industrial Trust Declares Quarterly Dividend for Investors
LXP Industrial Trust Declares Quarterly Dividend for Investors
Today, LXP Industrial Trust, a notable real estate investment trust (REIT) trading on the NYSE under the ticker LXP, has made a significant announcement regarding its quarterly common share dividend. This dividend declaration relates to the quarter ending March 31 and affirms LXP's ongoing commitment to delivering value to its shareholders.
Details of the Dividend Announcement
LXP has declared a common share dividend of $0.135 per share for the quarter, which will be paid to shareholders of record around mid-April. This reflects LXP's ongoing financial strength and strategy in the competitive real estate landscape, especially within Class A warehouse and distribution facilities.
Overview of Preferred Stock Dividend
In addition to the common share dividend, LXP announced a cash dividend of $0.8125 per share for its Series C Cumulative Convertible Preferred Stock. This payment is scheduled for mid-May and highlights the company's efforts to provide attractive returns across different classes of its stock.
About LXP Industrial Trust
LXP Industrial Trust is dedicated to investing in Class A warehouse and distribution properties within strategic markets throughout the Sunbelt and Midwest regions. The company focuses on growing its portfolio through various methods, including acquisitions, development projects, build-to-suit arrangements, and sale/leaseback transactions. This proactive approach serves as a foundation for LXP’s growth and shareholder returns.
Strategic Growth Plans
LXP aims to continually expand its footprint in the real estate market by identifying and capitalizing upon lucrative opportunities. As logistics and distribution needs evolve, LXP's strategy reflects an understanding of market dynamics and consumer demand, ensuring robust performance amid changing economic conditions.
Contact Information
For any investor or media inquiries, LXP Industrial Trust is approachable through its Executive Vice President of Investor Relations, Heather Gentry. Interested parties can reach her at the company's contact number or email for further information regarding the dividend and LXP's operational strategies.
Frequently Asked Questions
What is the declared dividend amount for the common shares?
The declared common share dividend is $0.135 per share for the quarter ending March 31.
When will the common share dividend be paid?
LXP expects to pay the common share dividend on or about April 15 to shareholders of record.
Is there a dividend for preferred stock as well?
Yes, LXP has declared a cash dividend of $0.8125 per share for its Series C Cumulative Convertible Preferred Stock.
What is LXP Industrial Trust's focus area in real estate?
LXP focuses on Class A warehouse and distribution investments, specifically in markets across the Sunbelt and Midwest regions.
How can investors contact LXP for more information?
Investors can contact Heather Gentry at (212) 692-7200 or via email at hgentry@lxp.com for inquiries.
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