LXP Industrial Trust is a real estate investment trust that acquires, develops, and manages Class A warehouse and distribution properties, primarily in Sunbelt and lower Midwest markets. The company operates a diversified portfolio of industrial facilities designed for versatility and alternative tenant uses, generating revenue through net leases where tenants typically cover operating costs, providing stable and largely tenant-funded cash flows. Beyond its core portfolio, LXP also manages institutional joint ventures co-investing with partners in industrial and specialty properties, offering higher-yield exposure while reducing concentration risk through shared ownership structures.