LXP Industrial Trust Earnings Per Share Disclosure
| 2025 | 2024 | 2023 | |||||||||||||||
| BASIC: | |||||||||||||||||
Net income attributable to common shareholders | $ | 106,469 | $ | 37,922 | $ | 23,863 | |||||||||||
Weighted-average number of common shares outstanding | 58,384,896 | 58,294,586 | 58,049,175 | ||||||||||||||
Net income attributable to common shareholders - per common share basic | $ | 1.82 | $ | 0.65 | $ | 0.41 | |||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| DILUTED: | |||||||||||||||||
Net income attributable to common shareholders - basic | $ | 106,469 | $ | 37,922 | $ | 23,863 | |||||||||||
| Impact of assumed conversions | — | — | (58) | ||||||||||||||
Net income attributable to common shareholders | $ | 106,469 | $ | 37,922 | $ | 23,805 | |||||||||||
Weighted-average common shares outstanding - basic(1) | 58,384,896 | 58,294,586 | 58,049,175 | ||||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Unvested share-based payment awards and options(1) | 180,669 | 17,412 | 25,450 | ||||||||||||||
| Operating Partnership Units | — | — | 164,077 | ||||||||||||||
Weighted-average common shares outstanding - diluted(1) | 58,565,565 | 58,311,998 | 58,238,702 | ||||||||||||||
Net income attributable to common shareholders - per common share diluted(1) | $ | 1.82 | $ | 0.65 | $ | 0.41 | |||||||||||
| Years Ended December 31, | |||||||||||
| 2025 | 2024 | 2023 | |||||||||
| Unvested participating securities | 3,034 | — | — | ||||||||
| Preferred shares - Series C | 942,114 | 942,114 | 942,114 | ||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 12, 2026 | Showing above |
| 2024 | Feb 13, 2025 | |
| 2023 | Feb 15, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Mar 13, 2019 | |
| 2017 | Feb 27, 2018 | |
| 2016 | Mar 1, 2017 | |
| 2015 | Feb 25, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.