James Kammert

Todd Thomas

Anthony Paolone

Jonathan Petersen

Mitch Germain

Vince Tibone

Anthony Peak

Jyoti Yadav

- LXP Industrial Trust announced the early tender results for its cash tender offer to purchase up to **$150 million** of its outstanding **6.750% Notes due 2028**.  **[910108_0000910108-25-000058_lxp-20251015.htm:1]** **[910108_0000910108-25-000058_exhibit991-pressreleaseoct.htm:1]** 
- As of the Early Tender Deadline on **October 15, 2025**, **$186,042,000** aggregate principal amount of the Notes had been validly tendered, exceeding the tender cap.  **[910108_0000910108-25-000058_lxp-20251015.htm:1]** **[910108_0000910108-25-000058_exhibit991-pressreleaseoct.htm:1]** 
- Due to the oversubscription, LXP will apply a proration rate of approximately **75.3%** and accept **$140,000,000** aggregate principal amount of the Notes for purchase.  **[910108_0000910108-25-000058_lxp-20251015.htm:1]** **[910108_0000910108-25-000058_exhibit992-pressreleaseoct.htm:2]** 
- The Total Consideration for Notes validly tendered by the Early Tender Deadline is **$1,076.36 per $1,000** principal amount, which includes a **$30.00** early tender premium.  **[910108_0000910108-25-000058_exhibit992-pressreleaseoct.htm:1]** 
- The settlement of all Notes accepted for purchase is expected to occur on **October 20, 2025**, and the offer will expire on **October 30, 2025**.  **[910108_0000910108-25-000058_lxp-20251015.htm:1]** **[910108_0000910108-25-000058_exhibit992-pressreleaseoct.htm:2]** **[910108_0000910108-25-000058_exhibit991-pressreleaseoct.htm:1]**

LXP Industrial Trust announces early tender results for cash tender offer

- LXP Industrial Trust announced the consideration payable for its cash tender offer to purchase up to **$150,000,000** of its 6.750% Notes due 2028.  **[910108_aee7773a443e4377af89a2db91bd8d3e_0]** 
- The total consideration for notes validly tendered by the Early Tender Deadline of **October 15, 2025**, was **$1,076.36** per $1,000 principal amount, which included an early tender premium of **$30.00**.  **[910108_aee7773a443e4377af89a2db91bd8d3e_0]** 
- Due to the aggregate purchase price of tendered notes exceeding the Tender Cap, the company will apply a proration rate of approximately **75.3%** and will accept **$140,000,000** aggregate principal amount of the Notes for purchase.  **[910108_aee7773a443e4377af89a2db91bd8d3e_1]** 
- The settlement of all Notes accepted for purchase is expected to occur on **October 20, 2025**, and no notes tendered after the Early Tender Deadline will be accepted as the offer was fully subscribed.  **[910108_aee7773a443e4377af89a2db91bd8d3e_1]**

LXP Industrial Trust Announces Pricing and Proration for Cash Tender Offer

- 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 (LXP)