James Kammert

Todd Thomas

Anthony Paolone

Jonathan Petersen

Mitch Germain

Vince Tibone

Anthony Peak

Jyoti Yadav

- LXP Industrial Trust **sold two vacant development projects** in Central Florida and Indianapolis for a gross price of **$175 million** on **September 30, 2025**.  **[910108_0000910108-25-000050_exhibit991-pressreleaseoct.htm:0]** **[910108_0000910108-25-000050_lxp-20250930.htm:2]** 
- The sale generated **net proceeds of approximately $151 million**, which the company intends to use for **debt repayment and other general corporate purposes**.  **[910108_0000910108-25-000050_exhibit991-pressreleaseoct.htm:0]** **[910108_0000910108-25-000050_lxp-20250930.htm:2]** 
- Concurrently, LXP commenced a **cash tender offer** to repurchase up to **$150 million** of its outstanding **6.750% Notes due 2028**, with the offer expiring on **October 30, 2025**.  **[910108_0000910108-25-000050_exhibit992-pressreleaseoct.htm:0]** **[910108_0000910108-25-000050_exhibit992-pressreleaseoct.htm:1]** **[910108_0000910108-25-000050_lxp-20250930.htm:2]**

LXP Industrial Trust Announces Asset Sale and Debt Tender Offer

- LXP Industrial Trust announced the sale of **two vacant development projects** in Ocala, Florida, and Indianapolis, Indiana, totaling **2,138,640 square feet**.  **[910108_3a0df7e828cb44c493d590f77c9069e1_0]** 
- The aggregate gross sale price for these properties was **$175 million**, with the closing occurring on **September 30, 2025**.  **[910108_3a0df7e828cb44c493d590f77c9069e1_0]** 
- This gross sale price represents a **20% premium**, or **$29 million**, over the gross book value of the properties as of June 30, 2025.  **[910108_3a0df7e828cb44c493d590f77c9069e1_0]** 
- LXP anticipates receiving net proceeds of approximately **$151 million**, which will be allocated towards **debt repayment and other general corporate purposes**.  **[910108_3a0df7e828cb44c493d590f77c9069e1_0]**

LXP Industrial Trust Announces Sale of Development Projects

LXP Industrial Trust (LXP)