LXP Industrial Trust | 7.55% Series D Cumulative Redeemable Preferred Stock (LXP.PRD)
This preferred is marked as having been called.
Prospectus excerpt: We are offering 6,000,000 shares of our 7.55% Series D Cumulative Redeemable Preferred Stock, which we refer to as our Series D Preferred Shares. We have also granted the underwriters an option to purchase up to 900,000 additional shares of our Series D Preferred Shares to cover over-allotments. We will pay cumulative dividends on the Series D Preferred Shares, from the date of original issuance, at the rate of 7.55% of the liquidation preference per year ($1.8875 per year per share).
LXP Industrial Trust is a real estate investment trust (REIT) that owns a portfolio of equity investments focused on single-tenant industrial properties. Co. has equity ownership interests in its consolidated real estate properties located in various states. The properties in which Co. has an interest are primarily net leased to tenants in various industries. Co. conducts its operations indirectly through its property owner subsidiaries, which are single purpose entities; a wholly-owned taxable REIT subsidiaries, Lexington Realty Advisors, Inc.; and joint ventures.