LXP(LXP) GlobeNewswire·2025-01-21 21:15Core Viewpoint - LXP Industrial Trust has announced its final 2024 dividend income allocations for both common and preferred shares, detailing the distributions and tax reporting requirements [1]. Common Shares - The total dividend per share for common shares is 0.072340), qualified dividends (0.054050), unrecaptured Section 1250 gain (0.003610) [2]. - The record and payable dates for the common shares are as follows: - December 29, 2023, payable on January 16, 2024 - March 28, 2024, payable on April 15, 2024 - June 28, 2024, payable on July 15, 2024 - September 30, 2024, payable on October 15, 2024 [2]. Preferred Shares - The total dividend per share for Series C Cumulative Convertible Preferred Stock is 0.465030), capital gain distributions (0.136500) [3]. - The record and payable dates for the preferred shares are as follows: - January 31, 2024, payable on February 15, 2024 - April 30, 2024, payable on May 15, 2024 - July 31, 2024, payable on August 15, 2024 - October 31, 2024, payable on November 15, 2024 [3]. Tax Reporting - 9.41% of the amounts for preferred shares are reported as Section 897 ordinary dividends attributable to dispositions of U.S. Real Property Interests [3]. - Qualified dividends and Section 199A dividends are included in the total ordinary dividends reported [4]. - Total capital gain distributions are from sales of assets that generated Section 1231 gains, with unrecaptured Section 1250 gain being a subset of the total capital gain distribution [5]. Company Overview - LXP Industrial Trust is a publicly traded REIT focused on Class A warehouse and distribution investments in target markets across the Sunbelt and Midwest, aiming to expand its portfolio through acquisitions and development projects [8].