2023 Q4 Form 10-Q Financial Statement

#000144483823000053 Filed on October 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $82.96M $85.42M
YoY Change 2.28% 6.66%
Cost Of Revenue $12.72M $14.69M
YoY Change 8.65% 12.37%
Gross Profit $70.24M $70.73M
YoY Change 1.21% 5.55%
Gross Profit Margin 84.67% 82.8%
Selling, General & Admin $9.468M $9.500M
YoY Change -9.89% -4.48%
% of Gross Profit 13.48% 13.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.22M $45.60M
YoY Change 0.65% 1.46%
% of Gross Profit 65.8% 64.47%
Operating Expenses $55.69M $55.10M
YoY Change -1.48% 0.38%
Operating Profit $14.55M $15.63M
YoY Change 13.02% 28.94%
Interest Expense -$13.89M $10.97M
YoY Change -155.36% -2.58%
% of Operating Profit -95.42% 70.16%
Other Income/Expense, Net $2.251M $394.0K
YoY Change 286.77% 62.81%
Pretax Income $20.76M $13.13M
YoY Change -48.0% -47.92%
Income Tax $57.00K $220.0K
% Of Pretax Income 0.27% 1.68%
Net Earnings $12.99M $12.66M
YoY Change -64.78% -45.86%
Net Earnings / Revenue 15.65% 14.83%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $0.04 $0.04
COMMON SHARES
Basic Shares Outstanding 292.6M shares 292.6M shares
Diluted Shares Outstanding 291.3M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.2M $35.40M
YoY Change 266.33% 20.38%
Cash & Equivalents $199.2M $35.42M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $5.327M $6.636M
Other Receivables $0.00 $0.00
Total Short-Term Assets $285.0M $120.7M
YoY Change 121.25% 19.21%
LONG-TERM ASSETS
Property, Plant & Equipment $3.667B $3.680B
YoY Change -2.23% -1.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $48.50M $52.35M
YoY Change -16.68% -5.53%
Other Assets $44.39M $43.30M
YoY Change -51.62% -56.46%
Total Long-Term Assets $3.908B $3.808B
YoY Change -0.44% -2.6%
TOTAL ASSETS
Total Short-Term Assets $285.0M $120.7M
Total Long-Term Assets $3.908B $3.808B
Total Assets $4.193B $3.929B
YoY Change 3.43% -2.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.98M $57.30M
YoY Change -21.92% -34.91%
Accrued Expenses $31.61M $32.00M
YoY Change -7.83% -11.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $129.2M $127.6M
YoY Change -12.09% -19.82%
LONG-TERM LIABILITIES
Long-Term Debt $1.771B $1.481B
YoY Change 19.0% -8.61%
Other Long-Term Liabilities $27.29M $26.50M
YoY Change -1.9% -9.38%
Total Long-Term Liabilities $1.798B $1.507B
YoY Change 18.62% -8.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $129.2M $127.6M
Total Long-Term Liabilities $1.798B $1.507B
Total Liabilities $1.927B $1.635B
YoY Change 15.9% -9.61%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $29.00K $29.00K
YoY Change 0.0% 3.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.232B $2.256B
YoY Change
Total Liabilities & Shareholders Equity $4.193B $3.929B
YoY Change 3.43% -2.05%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $12.99M $12.66M
YoY Change -64.78% -45.86%
Depreciation, Depletion And Amortization $46.22M $45.60M
YoY Change 0.65% 1.46%
Cash From Operating Activities $55.95M $60.90M
YoY Change 39.32% 3.39%
INVESTING ACTIVITIES
Capital Expenditures $38.45M $44.70M
YoY Change -47.91% -152.85%
Acquisitions
YoY Change
Other Investing Activities -$98.50M $37.10M
YoY Change -318.67% -60.34%
Cash From Investing Activities -$137.0M -$7.600M
YoY Change 376.09% -184.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 244.9M -40.90M
YoY Change 1700.99% -53.67%
NET CHANGE
Cash From Operating Activities 55.95M 60.90M
Cash From Investing Activities -137.0M -7.600M
Cash From Financing Activities 244.9M -40.90M
Net Change In Cash 163.9M 12.40M
YoY Change 555.8% -160.77%
FREE CASH FLOW
Cash From Operating Activities $55.95M $60.90M
Capital Expenditures $38.45M $44.70M
Free Cash Flow $17.50M $16.20M
YoY Change -151.99% -88.71%

Facts In Submission

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us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
-853000 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2294140000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
6444000 usd
lxp Noncontrolling Interest Decrease From Redemptions For Common Shares
NoncontrollingInterestDecreaseFromRedemptionsForCommonShares
0 usd
lxp Noncontrolling Interest Decrease From Redemptions For Real Estate
NoncontrollingInterestDecreaseFromRedemptionsForRealEstate
27958000 usd
lxp Common Shares Issuance And Deferred Compensation Costs Amortization
CommonSharesIssuanceAndDeferredCompensationCostsAmortization
44075000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
130676000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
6285000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
9000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.36
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
106388000 usd
us-gaap Profit Loss
ProfitLoss
76037000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
22844000 usd
us-gaap Oci Equity Method Investment After Tax
OciEquityMethodInvestmentAfterTax
1182000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2202512000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
153523000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
154113000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
15018000 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
132026000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
88058000 usd
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
209862000 usd
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
12226000 usd
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
25593000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
73822000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
145906000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
1462000 usd
us-gaap Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
20000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2872000 usd
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
307000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
5836000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
19250000 usd
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
1928000 usd
us-gaap Payments For Leasing Costs
PaymentsForLeasingCosts
4017000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
7498000 usd
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
1524000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-46480000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-208153000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
114019000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
107939000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
8928000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
8416000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
100000000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
210000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
100000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
80000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3626000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
507000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
6444000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1226000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1096000 usd
lxp Payment Tax Withholding Share Based Payment Arrangement And Issuance Of Common Shares
PaymentTaxWithholdingShareBasedPaymentArrangementAndIssuanceOfCommonShares
2076000 usd
lxp Payment Tax Withholding Share Based Payment Arrangement And Issuance Of Common Shares
PaymentTaxWithholdingShareBasedPaymentArrangementAndIssuanceOfCommonShares
6285000 usd
lxp Payments To Acquire Additional Interest In Subsidiaries Financing Activities
PaymentsToAcquireAdditionalInterestInSubsidiariesFinancingActivities
0 usd
lxp Payments To Acquire Additional Interest In Subsidiaries Financing Activities
PaymentsToAcquireAdditionalInterestInSubsidiariesFinancingActivities
27958000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-175000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
38436000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
127027000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-125917000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-107467000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18874000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-161507000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29520000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
190926000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
101000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
191027000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35421000 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29407000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
211000 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
113000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35632000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29520000 usd
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
115 property
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
19 state
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
1699789 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
136054 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
139371 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
133032 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
491877 shares
us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates.</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Management has made a number of significant estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses to prepare these unaudited condensed consolidated financial statements in conformity with GAAP. These estimates and assumptions are based on management's best estimates and judgment. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment. Management adjusts such estimates when facts and circumstances dictate. The most significant estimates made include the recoverability of current and deferred accounts receivable, allocation of property purchase price to tangible and intangible assets acquired and liabilities assumed, the determination of VIEs and which entities should be consolidated, the determination of impairment of long-lived assets and equity method investments, valuation of derivative financial instruments, valuation of awards granted under compensation plans, the determination of the incremental borrowing rate for leases where the Company is the lessee, the determination of the term and fair value of sales-type leases, the estimated credit losses for investments in sales-type leases and the useful lives of long-lived assets. Actual results could differ materially from those estimates.</span>
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10878000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
70441000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290291609 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277535717 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290187124 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
281559058 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11039000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
21776000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10878000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
70441000 usd
CY2023Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
15000 usd
CY2022Q3 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
11000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-63000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
147000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
11054000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
21787000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
10815000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
70588000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290291609 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277535717 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
290187124 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
281559058 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
us-gaap Incremental Common Shares Attributable To Equity Forward Agreements
IncrementalCommonSharesAttributableToEquityForwardAgreements
0 shares
CY2023Q3 lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
825342 shares
CY2022Q3 lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
846858 shares
lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
828653 shares
lxp Incremental Common Shares Attributable To Operating Partnership Units
IncrementalCommonSharesAttributableToOperatingPartnershipUnits
859226 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291253005 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
278521946 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
291148809 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
284609950 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.08
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2023Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
380446000 usd
CY2023Q3 lxp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
3 property
CY2022Q4 lxp Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
3 property
us-gaap Asset Impairment Charges
AssetImpairmentCharges
16490000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
2457000 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
10871000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
40796000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
33784000 usd
CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
83844000 usd
CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
78274000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
52351000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
58206000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2585000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15580000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
8447000 usd
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4927000 usd
us-gaap Interest Expense
InterestExpense
32502000 usd
us-gaap Interest Expense
InterestExpense
32758000 usd
lxp Cost Incurred Not Incremental To The Execution Of A Lease
CostIncurredNotIncrementalToTheExecutionOfALease
30000 usd
CY2023Q3 lxp Number Of Sales Type Leases
NumberOfSalesTypeLeases
1 sales-typelease
us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
5546000 usd
CY2022Q4 lxp Number Of Tenants Exercising Purchase Option
NumberOfTenantsExercisingPurchaseOption
1 tenant
us-gaap Sales Type Lease Selling Profit Loss
SalesTypeLeaseSellingProfitLoss
9314000 usd
CY2022 us-gaap Sales Type Lease Interest Income
SalesTypeLeaseInterestIncome
639000 usd
CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
68849000 usd
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
66597000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
205984000 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
200326000 usd
CY2023Q3 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
1865000 usd
CY2022Q3 us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
359000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
5546000 usd
us-gaap Sales Type Lease Revenue
SalesTypeLeaseRevenue
639000 usd
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
13130000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
11318000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
252326000 usd
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
234749000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
66047000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Remainder Of Fiscal Year
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedRemainderOfFiscalYear
1307000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
253391000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Next Twelve Months
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedNextTwelveMonths
5263000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
235340000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Two Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedTwoYears
5473000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
216334000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Three Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThreeYears
5692000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
180019000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Four Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFourYears
5920000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
149755000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Five Years
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedFiveYears
6156000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
500883000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received Thereafter
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceivedThereafter
733006000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1601769000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Payments To Be Received
SalesTypeAndDirectFinancingLeasesLeaseReceivablePaymentsToBeReceived
762817000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable Undiscounted Excess Amount
SalesTypeAndDirectFinancingLeasesLeaseReceivableUndiscountedExcessAmount
699866000 usd
CY2023Q3 us-gaap Sales Type And Direct Financing Leases Lease Receivable
SalesTypeAndDirectFinancingLeasesLeaseReceivable
62951000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y4M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.041
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.040
us-gaap Net Income Loss
NetIncomeLoss
75310000 usd
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Redemption Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRedemptionOfInterest
49000 usd
lxp Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Changes Redemption Of Interest
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangesRedemptionOfInterest
177000 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
15831000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3801000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
222000 usd
us-gaap Lease Cost
LeaseCost
4023000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3801000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
81000 usd
us-gaap Lease Cost
LeaseCost
3882000 usd
us-gaap Sublease Income
SubleaseIncome
2490000 usd
us-gaap Sublease Income
SubleaseIncome
2490000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1257000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5199000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5204000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4174000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3673000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1061000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
6440000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
27008000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
5224000 usd
CY2023Q3 lxp Operating Lease Liability Including Held For Sale
OperatingLeaseLiabilityIncludingHeldForSale
21784000 usd
CY2023Q3 lxp Operating Lease Liability Held For Sale
OperatingLeaseLiabilityHeldForSale
515000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
21269000 usd
CY2023Q3 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
64000 usd
CY2022Q3 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
0 usd
us-gaap Consolidation Less Than Wholly Owned Subsidiary Parent Ownership Interest Change Due To Net Income Attributable To Parent And Effects Of Changes Net
ConsolidationLessThanWhollyOwnedSubsidiaryParentOwnershipInterestChangeDueToNetIncomeAttributableToParentAndEffectsOfChangesNet
75487000 usd
CY2022Q4 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
93000 usd
us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss Writeoff
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLossWriteoff
0 usd
us-gaap Sales Type Lease Impairment Loss
SalesTypeLeaseImpairmentLoss
-29000 usd
CY2023Q3 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
64000 usd
CY2023Q3 us-gaap Sales Type Lease Net Investment In Lease
SalesTypeLeaseNetInvestmentInLease
62951000 usd
CY2023Q3 us-gaap Sales Type Lease Net Investment In Lease Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLoss
64000 usd
CY2023Q3 us-gaap Sales Type Lease Net Investment In Lease After Allowance For Credit Loss
SalesTypeLeaseNetInvestmentInLeaseAfterAllowanceForCreditLoss
62887000 usd
CY2023Q3 lxp Sales Type Lease Net Investment In Lease Allowance For Credit Loss To Total Percent
SalesTypeLeaseNetInvestmentInLeaseAllowanceForCreditLossToTotalPercent
0.0010
CY2022Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
11702074 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
10.84
CY2023Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
6874241 shares
CY2023Q3 lxp Unsettled Repurchases
UnsettledRepurchases
0 usd
lxp Partners Capital Equivalent In Common Shares
PartnersCapitalEquivalentInCommonShares
1.13
CY2023Q3 lxp Partners Capital Account Shares Issued For Units Redeemed
PartnersCapitalAccountSharesIssuedForUnitsRedeemed
9944 shares
CY2022Q3 lxp Partners Capital Account Shares Issued For Units Redeemed
PartnersCapitalAccountSharesIssuedForUnitsRedeemed
33378 shares
us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
49000 usd
us-gaap Partners Capital Account Exchanges And Conversions
PartnersCapitalAccountExchangesAndConversions
177000 usd
us-gaap Net Income Loss
NetIncomeLoss
15782000 usd
us-gaap Interest Paid Net
InterestPaidNet
36990000 usd
us-gaap Interest Paid Net
InterestPaidNet
33430000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
975000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1218000 usd
lxp Noncash Investment Increased Investment In Real Estate Under Construction
NoncashInvestmentIncreasedInvestmentInRealEstateUnderConstruction
20866000 usd
lxp Noncash Investment Increased Investment In Real Estate Under Construction
NoncashInvestmentIncreasedInvestmentInRealEstateUnderConstruction
52049000 usd
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
lxp-20230930_def.xml Edgar Link unprocessable
0001444838-23-000053-index-headers.html Edgar Link pending
0001444838-23-000053-index.html Edgar Link pending
0001444838-23-000053.txt Edgar Link pending
0001444838-23-000053-xbrl.zip Edgar Link pending
ex311-2023930.htm Edgar Link pending
ex312-2023930.htm Edgar Link pending
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ex322-2023930.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
lxp-20230930.htm Edgar Link pending
lxp-20230930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
lxp-20230930_cal.xml Edgar Link unprocessable
lxp-20230930_lab.xml Edgar Link unprocessable
lxp-20230930_pre.xml Edgar Link unprocessable
lxp-20230930_htm.xml Edgar Link completed
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