LXP Industrial Trust (LXP) 10-K 15 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 13, 2024	Jun. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period Ended Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-12386
Entity Registrant Name	LXP INDUSTRIAL TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	13-3717318
Entity Address, Address Line One	One Penn Plaza
Entity Address, Address Line Two	Suite 4015
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10119-4015
City Area Code	212
Local Phone Number	692-7200
Entity Well-known Seasoned User	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	true
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 2,797,660,954
Entity Common Stock, Shares Outstanding (in shares)		294,289,569
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Certain information contained in the Definitive Proxy Statement for LXP Industrial Trust's Annual Meeting of Shareholders, or an amendment on Form 10-K/A, is incorporated by reference in this Annual Report on Form 10-K in response to Part III, Items 10, 11, 12, 13 and 14, which will be filed with the Securities and Exchange Commission not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K.
Entity Central Index Key	0000910108
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Amendment Flag	false
Document Financial Statement Error Correction [Flag]	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Shares of beneficial interest, par value $0.0001 per share, classified as Common Stock
Trading Symbol	LXP
Security Exchange Name	NYSE
Preferred shares - Series C
Document Information [Line Items]
Title of 12(b) Security	6.50% Series C Cumulative Convertible Preferred Stock, par value $0.0001 per share
Trading Symbol	LXPPRC
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Auditor Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Location	New York, New York
Auditor Firm ID	34

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Real estate, at cost	$ 3,774,239	$ 3,691,066
Real estate - intangible assets	314,525	328,607
Land held for development	80,743	84,412
Investments in real estate under construction	319,355	361,924
Real estate, gross	4,488,862	4,466,009
Less: accumulated depreciation and amortization	904,709	800,470
Real estate, net	3,584,153	3,665,539
Assets held for sale	9,168	66,434
Right-of-use assets, net	19,342	23,986
Cash and cash equivalents	199,247	54,390
Restricted cash	216	116
Short-term investments	130,140	0
Investments in non-consolidated entities	48,495	58,206
Deferred expenses (net of accumulated amortization of $21,667 in 2023 and $20,348 in 2022)	35,008	25,207
Investment in a sales-type lease, net (allowance for credit loss of $61 in 2023 and $93 in 2022)	63,464	61,233
Rent receivable - current	5,327	3,030
Rent receivable - deferred	80,421	71,392
Other assets	17,794	24,314
Total assets	4,192,775	4,053,847
Liabilities:
Mortgages and notes payable, net	60,124	72,103
Term loan payable, net	296,764	298,959
Senior notes payable, net	1,286,145	989,295
Trust preferred securities, net	127,794	127,694
Dividends payable	39,610	38,416
Liabilities held for sale	417	1,150
Operating lease liabilities	20,233	25,118
Accounts payable and other liabilities	57,981	74,261
Accrued interest payable	11,379	9,181
Deferred revenue - including below market leases (net of accumulated accretion of $17,259 in 2023 and $15,430 in 2022)	9,428	11,452
Prepaid rent	17,443	15,215
Total liabilities	1,927,318	1,662,844
Commitments and contingencies
Equity:
Preferred shares, par value $0.0001 per share; authorized 100,000,000 shares, Series C Cumulative Convertible Preferred, liquidation preference $96,770 and 1,935,400 shares issued and outstanding	94,016	94,016
Common shares, par value $0.0001 per share; authorized 600,000,000 shares, 293,449,088 and 291,719,310 shares issued and outstanding in 2023 and 2022, respectively	29	29
Additional paid-in-capital	3,330,383	3,320,087
Accumulated distributions in excess of net income	(1,201,824)	(1,079,087)
Accumulated other comprehensive income	9,483	17,689
Total shareholders’ equity	2,232,087	2,352,734
Noncontrolling interests	33,370	38,269
Total equity	2,265,457	2,391,003
Total liabilities and equity	$ 4,192,775	$ 4,053,847

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Accumulated amortization on deferred expenses	$ 21,667	$ 20,348
Allowance for credit loss, sales-type lease	61	93
Liabilities:
Accumulated accretion on deferred revenue	$ 17,259	$ 15,430
Equity:
Preferred shares, par value (usd per share)	$ 0.0001	$ 0.0001
Preferred shares, authorized shares (in shares)	100,000,000	100,000,000
Preferred shares, liquidation preference	$ 96,770	$ 96,770
Preferred shares, convertible preferred, shares issued (in shares)	1,935,400	1,935,400
Preferred shares, redeemable preferred, shares outstanding (in shares)	1,935,400	1,935,400
Common shares, par value (usd per share)	$ 0.0001	$ 0.0001
Common shares, authorized shares (in shares)	600,000,000	600,000,000
Common shares, shares issued (in shares)	293,449,088	291,719,310
Common shares, shares outstanding (in shares)	293,449,088	291,719,310

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Gross revenues:
Rental revenue	$ 334,220	$ 313,992	$ 339,944
Other revenue	6,283	7,253	4,053
Total gross revenues	340,503	321,245	343,997
Expense applicable to revenues:
Depreciation and amortization	(183,524)	(180,567)	(176,714)
Property operating	(58,394)	(54,870)	(47,314)
General and administrative	(36,334)	(38,714)	(35,458)
Transaction costs	(4)	(4,177)	(432)
Non-operating income	2,982	935	1,364
Interest and amortization expense	(46,389)	(45,417)	(46,708)
Debt satisfaction losses, net	(132)	(119)	(13,894)
Impairment charges	(16,490)	(3,037)	(5,541)
Change in allowance for credit loss	32	(93)	0
Gains on sales of properties	33,010	59,094	367,274
Selling profit from sales-type leases	0	47,059	0
Income before provision for income taxes and equity in earnings (losses) of non-consolidated entities	35,260	101,339	386,574
Provision for income taxes	(703)	(1,102)	(1,293)
Equity in earnings (losses) of non-consolidated entities	1,366	16,006	(190)
Net income	35,923	116,243	385,091
Less net income attributable to noncontrolling interests	(5,540)	(2,460)	(2,443)
Net income attributable to LXP Industrial Trust shareholders	30,383	113,783	382,648
Dividends attributable to preferred shares - Series C	(6,290)	(6,290)	(6,290)
Allocation to participating securities	(230)	(186)	(510)
Net income attributable to common shareholders, basic	23,863	107,307	375,848
Net income attributable to common shareholders, diluted	$ 23,863	$ 107,307	$ 375,848
Net income attributable to common shareholders - per common share basic (usd per share)	$ 0.08	$ 0.38	$ 1.35
Weighted-average common shares outstanding - basic (in shares)	290,245,877	279,887,760	277,640,835
Net income attributable to common shareholders - per common share diluted (usd per share)	$ 0.08	$ 0.38	$ 1.34
Weighted-average common shares outstanding - diluted (in shares)	291,193,514	282,473,458	287,369,742

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 35,923	$ 116,243	$ 385,091
Other comprehensive income (loss):
Change in unrealized income (loss) on interest rate swaps, net	(6,847)	22,576	11,705
Company's share of other comprehensive income (loss) of non-consolidated entities	(1,359)	1,371	0
Other comprehensive income (loss)	(8,206)	23,947	11,705
Comprehensive income	27,717	140,190	396,796
Comprehensive income attributable to noncontrolling interests	(5,540)	(2,460)	(2,443)
Comprehensive income attributable to LXP Industrial Trust shareholders	$ 22,177	$ 137,730	$ 394,353

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in-Capital	Accumulated Distributions in Excess of Net Income	Accumulated Other Comprehensive Income/(Loss)	Noncontrolling Interests
Balance at beginning of period at Dec. 31, 2020	$ 1,991,137	$ 94,016	$ 28	$ 3,196,315	$ (1,301,726)	$ (17,963)	$ 20,467
Beginning balance (in shares) at Dec. 31, 2020		1,935,400	277,152,450
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of partnership interest in real estate	21,901						21,901
Redemption of noncontrolling OP units for common shares	0			958			(958)
Redemption of noncontrolling OP units for common shares (in shares)			185,270
Redemption of noncontrolling OP units for real estate	(22,305)			(12,919)			(9,386)
Issuance of common shares and deferred compensation amortization, net (in shares)			6,993,194
Issuance of common shares and deferred compensation amortization, net	73,851			73,851
Repurchase of common shares to settle tax obligations	(6,134)			(6,134)
Repurchase of common shares to settle tax obligations (in shares)			(567,924)
Forfeiture of employee common shares	2				2
Forfeiture of employee common shares (in shares)			(10,264)
Dividends/distributions ($0.4425 per common share)	(132,020)				(130,358)		(1,662)
Net income	385,091				382,648		2,443
Other comprehensive income (loss)	11,705					11,705
Company's share of other comprehensive income (loss) of non-consolidated entities	0
Reallocation of noncontrolling interests	0			435			(435)
Balance at end of period at Dec. 31, 2021	2,323,228	$ 94,016	$ 28	3,252,506	(1,049,434)	(6,258)	32,370
Ending balance (in shares) at Dec. 31, 2021		1,935,400	283,752,726
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of partnership interest in real estate	7,814						7,814
Redemption of noncontrolling OP units for common shares	0			211			(211)
Redemption of noncontrolling OP units for common shares (in shares)			39,747
Issuance of common shares and deferred compensation amortization, net (in shares)			20,580,816
Issuance of common shares and deferred compensation amortization, net	229,390		$ 2	229,388
Purchase of noncontrolling interest in consolidated joint venture	(27,958)			(25,058)			(2,900)
Repurchase of common shares	(130,676)		$ (1)	(130,675)
Repurchase of common shares (in shares)			(12,102,074)
Repurchase of common shares to settle tax obligations	(6,285)			(6,285)
Repurchase of common shares to settle tax obligations (in shares)			(410,958)
Forfeiture of employee common shares	16				16
Forfeiture of employee common shares (in shares)			(140,947)
Dividends/distributions ($0.4425 per common share)	(144,716)				(143,452)		(1,264)
Net income	116,243				113,783		2,460
Other comprehensive income (loss)	22,576					22,576
Company's share of other comprehensive income (loss) of non-consolidated entities	1,371					1,371
Balance at end of period at Dec. 31, 2022	2,391,003	$ 94,016	$ 29	3,320,087	(1,079,087)	17,689	38,269
Ending balance (in shares) at Dec. 31, 2022		1,935,400	291,719,310
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of partnership interest in real estate	714						714
Redemption of noncontrolling OP units for common shares	(415)			3,393			(3,808)
Redemption of noncontrolling OP units for common shares (in shares)			832,571
Issuance of common shares and deferred compensation amortization, net (in shares)			1,286,648
Issuance of common shares and deferred compensation amortization, net	8,979			8,979
Repurchase of common shares to settle tax obligations	(2,076)			(2,076)
Repurchase of common shares to settle tax obligations (in shares)			(204,780)
Forfeiture of employee common shares	5				5
Forfeiture of employee common shares (in shares)			(184,661)
Dividends/distributions ($0.4425 per common share)	(160,470)				(153,125)		(7,345)
Net income	35,923				30,383		5,540
Other comprehensive income (loss)	(6,847)					(6,847)
Company's share of other comprehensive income (loss) of non-consolidated entities	(1,359)					(1,359)
Balance at end of period at Dec. 31, 2023	$ 2,265,457	$ 94,016	$ 29	$ 3,330,383	$ (1,201,824)	$ 9,483	$ 33,370
Ending balance (in shares) at Dec. 31, 2023		1,935,400	293,449,088

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends (usd per share)	$ 0.505	$ 0.485	$ 0.4425

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income	$ 35,923	$ 116,243	$ 385,091
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	186,540	183,419	179,523
Gains on sales of properties	(33,010)	(59,094)	(367,274)
Change in allowance for credit loss	(32)	93	0
Selling profit from sales-type leases	0	(47,059)	0
Debt satisfaction (gains) losses, net	132	119	13,894
Impairment charges	16,490	3,037	5,541
Straight-line rents	(9,471)	(11,363)	(12,275)
Amortization of right of use assets	4,136	3,980	3,726
Other non-cash expense, net	5,900	6,072	6,734
Equity in (earnings) losses of non-consolidated entities	(1,366)	(16,006)	190
Distributions of accumulated earnings from non-consolidated entities	4,614	17,024	0
Changes in assets and liabilities
Change in accounts payable and other liabilities:	4,407	(1,574)	7,996
Change in rent receivable and prepaid rent, net	(488)	623	1,058
Change in accrued interest payable	2,199	700	2,138
Other adjustments, net	(6,528)	(1,945)	(5,996)
Net cash provided by operating activities	209,446	194,269	220,346
Cash flows from investing activities:
Acquisition of real estate, including intangible assets	(15,018)	(132,026)	(758,371)
Investment in real estate under construction	(120,793)	(276,706)	(288,519)
Capital expenditures	(17,937)	(32,562)	(15,207)
Net proceeds from sale of properties	97,758	194,472	728,360
Investment in loans receivable	0	0	(1,497)
Principal payments on loans receivable	1,462	27	8
Investments in non-consolidated entities, net	(3,648)	(3,225)	(4,533)
Distributions from non-consolidated entities in excess of accumulated earnings	10,009	19,930	8,347
Payments of deferred leasing costs	(6,151)	(5,156)	(7,297)
Investment in held-to-maturity securities	(130,000)	0	0
Change in real estate deposits, net	867	(1,673)	947
Net cash used in investing activities	(183,451)	(236,919)	(337,762)
Cash flows from financing activities:
Dividends to common and preferred shareholders	(151,932)	(142,461)	(128,334)
Principal amortization payments	(12,265)	(11,275)	(13,552)
Principal payments on debt, excluding normal amortization	0	0	(14,581)
Proceeds of mortgages and notes payable	0	0	11,610
Revolving credit facility borrowings	125,000	280,000	555,000
Revolving credit facility payments	(125,000)	(280,000)	(555,000)
Proceeds from issuance of senior notes	298,269	0	399,032
Repurchase of senior notes	0	0	(188,756)
Payments for early extinguishment of debt	0	0	(12,664)
Deferred financing costs	(5,818)	(3,626)	(3,977)
Cash distributions to noncontrolling interests	(7,345)	(1,264)	(1,662)
Cash contributions from noncontrolling interests	714	7,814	21,411
Repurchase of common shares	0	(130,675)	0
Purchase of noncontrolling interest	0	(27,958)	0
Issuance of common shares, net of costs and repurchases to settle tax obligations	(2,661)	215,574	60,575
Net cash provided by (used in) financing activities	118,962	(93,871)	129,102
Change in cash, cash equivalents and restricted cash	144,957	(136,521)	11,686
Less restricted cash classified as held for sale	0	0	(80)
Cash, cash equivalents and restricted cash, at beginning of year	54,506	191,027	179,421
Cash, cash equivalents and restricted cash, at end of year	$ 199,463	$ 54,506	$ 191,027

The Company and Financial State

The Company and Financial Statement Presentation	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Financial Statement Presentation	The Company and Financial Statement Presentation LXP Industrial Trust (together with its consolidated subsidiaries, except when the context only applies to the parent entity, the “Company”) is a Maryland real estate investment trust (“REIT”) that owns a portfolio of equity investments focused on single-tenant industrial properties. As of December 31, 2023, the Company had ownership interests in approximately 115 consolidated properties located in 18 states. The properties in which the Company has an interest are primarily net leased to tenants in various industries. The Company believes it has qualified as a REIT under the Internal Revenue Code of 1986, as amended (the “Code”). Accordingly, the Company will not be subject to federal income tax, provided that distributions to its shareholders equal at least the amount of its REIT taxable income as defined under the Code. The Company is permitted to participate in certain activities from which it was previously precluded in order to maintain its qualification as a REIT, so long as these activities are conducted in entities which elect to be treated as taxable REIT subsidiaries (“TRS”) under the Code. As such, the TRS are subject to federal income taxes on the income from these activities. The Company conducts its operations indirectly through (1) property owner subsidiaries, which are single purpose entities, (2) a wholly-owned TRS, Lexington Realty Advisors, Inc. (“LRA”), and (3) joint ventures. Property owner subsidiaries are landlords under leases for properties in which the Company has an interest and/or borrowers under loan agreements secured by properties in which the Company has an interest and lender subsidiaries are lenders under loan agreements where the Company made an investment in a loan asset, but in all cases are separate and distinct legal entities. Each property owner subsidiary is a separate legal entity that maintains separate books and records. The assets and credit of each property owner subsidiary with a property subject to a mortgage loan are not available to creditors to satisfy the debt and other obligations of any other person, including any other property owner subsidiary or any other affiliate. Consolidated entities that are not property owner subsidiaries do not directly own any of the assets of a property owner subsidiary (or the general partner, member or managing member of such property owner subsidiary), but merely hold partnership, membership or beneficial interests therein, which interests are subordinate to the claims of such property owner subsidiary's (or its general partner's, member's or managing member's) creditors.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Consolidation. The Company's consolidated financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles (“GAAP”). The financial statements reflect the accounts of the Company and its consolidated subsidiaries. The Company consolidates wholly-owned subsidiaries, partnerships and joint ventures which it controls (i) through voting rights or similar rights or (ii) by means other than voting rights if the Company is the primary beneficiary of a variable interest entity (“VIE”). Entities which the Company does not control and entities which are VIEs in which the Company is not a primary beneficiary are accounted for under appropriate GAAP. As of December 31, 2023, the Company had interests in seven consolidated joint ventures with developers, consisting of five development projects and two land joint ventures, with ownership interests ranging from 80% to 95.5%. Each joint venture owns land parcels with the intention of developing industrial properties. The Company determined that the joint ventures are variable interest entities in accordance with the applicable accounting guidance. The Company concluded that it is the primary beneficiary in each of the joint ventures and as such, the joint ventures' operations are consolidated in the Company's consolidated financial statements. In addition, the Company is the primary beneficiary of certain other VIEs as it has a controlling financial interest in these entities. In 2023, the Company purchased the remaining 0.925% noncontrolling interest owned by Lepercq Corporate Income Fund L.P. (“LCIF”) partnership unit holders. Prior to the merger on December 31, 2023, there were 730,623.5 LCIF operating partnership (“OP”) units which were multiplied by a 1.126 redemption factor, resulting in 822,627 common shares being issued for $9.47 per share, a total value of approximately $7,800. As the Company previously consolidated LCIF, the acquisition of the noncontrolling ownership interest was recorded as an equity transaction with the carrying balance of noncontrolling interest, net of transaction costs, of $3,344 recorded as additional paid-in-capital. There were no LCIF OP units outstanding after the transaction. The assets of each VIE are only available to satisfy such VIE's respective liabilities. Below is a summary of selected financial data of consolidated VIEs for which the Company is the primary beneficiary included in the consolidated balance sheets as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Real estate, net $ 535,118 $ 1,027,009 Total assets $ 626,442 $ 1,125,558 Total liabilities $ 19,549 $ 40,200 In addition, the Company acquires, from time to time, properties using a reverse like-kind exchange structure pursuant to Section 1031 of the Internal Revenue Code (a “reverse 1031 exchange”) and, as such, the properties are in the possession of an Exchange Accommodation Titleholder (“EAT”) until the reverse 1031 exchange is completed. The EAT is classified as a VIE as it is a “thinly capitalized” entity. The Company consolidates the EAT because it is the primary beneficiary as it has the ability to control the activities that most significantly impact the EAT's economic performance and can collapse the 1031 exchange structure at any time. The assets of the EAT primarily consist of leased property (net real estate and intangibles). Revenue Recognition. The Company recognizes operating lease revenue on a straight-line basis over the term of the lease unless another systematic and rational basis is more representative of the time pattern in which the use benefit is derived from the leased property. Revenue is recognized on a contractual basis for leases with escalations tied to a consumer price index with no floor. The Company evaluates the collectability of its rental payments and recognizes revenue on a cash basis when the Company believes it is no longer probable that it will receive substantially all of the remaining lease payments. Renewal options in leases are excluded from the calculation of straight-line rent if the renewals are not reasonably certain. If the Company funds tenant improvements and the improvements are deemed to be owned by the Company, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant. If the Company determines that the tenant allowances are lease incentives, the Company commences revenue recognition when possession or control of the space is turned over to the tenant for tenant work to begin. The lease incentive is recorded as a deferred expense and amortized as a reduction of revenue on a straight-line basis over the respective lease term. The Company recognizes lease termination fees as rental revenue in the period received and writes off unamortized lease-related intangible and other lease-related account balances, provided there are no further Company obligations under the lease. Otherwise, such fees and balances are recognized on a straight-line basis over the remaining obligation period with the termination payments being recorded as a component of rent receivable-deferred on the consolidated balance sheets. Sales-type lease income is recognized on an effective interest rate basis at a constant rate of return over the term of the applicable leases using the rate implicit in the leases. The investment in a sales-type lease balance is increased every period to reflect income on the net investment in the lease and reduced by the amount of lease payments collected during the period. Earnings Per Share . Basic net income (loss) per share is computed under the two-class method by dividing net income (loss) reduced by preferred dividends and amounts allocated to certain non-vested share-based payment awards, if applicable, by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share amounts are similarly computed but include the effect, when dilutive, of in-the-money common share options and non-vested common shares, unsettled common shares sold in forward sales transactions, OP units and put options of certain convertible securities. Use of Estimates. 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 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 estimate of credit losses for investments in sales-type leases and the useful lives of long-lived assets. Actual results could differ materially from those estimates. Acquisition of Real Estate. The fair value of the real estate acquired, which includes the impact of fair value adjustments for assumed mortgage debt related to property acquisitions, is allocated to the acquired tangible assets, consisting of land, building and improvements and identified intangible assets and liabilities, consisting of the value of above-market and below-market leases, other value of in-place leases and value of tenant relationships, based in each case on their fair values. The Company's acquisitions are primarily considered asset acquisitions, thus acquisition costs are capitalized. The fair value of the tangible assets of an acquired property (which includes land, building and improvements and fixtures and equipment) is determined by valuing the property as if it were vacant. The “as-if-vacant” value is then allocated to land and building and improvements based on management's determination of relative fair values of these assets. Factors considered by management in performing these analyses include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rental revenue during the expected lease-up periods based on current market demand. Management also estimates costs to execute similar leases including leasing commissions. Management generally retains a third party to assist in the allocations. In allocating the fair value of the identified intangible assets and liabilities of an acquired property, above-market and below-market lease values are recorded based on the difference between the current in-place lease rent and management's estimate of current market rents. Below-market lease intangibles are recorded as part of deferred revenue and amortized into rental revenue over the non-cancelable periods and bargain renewal periods of the respective leases. Above-market leases are recorded as part of intangible assets and amortized as a direct charge against rental revenue over the non-cancelable portion of the respective leases. The aggregate value of other acquired intangible assets, consisting of in-place leases and tenant relationship values, is measured based on the lease revenue and market value of lease up costs avoided as a result of having an in-place lease on the acquisition date. This aggregate value is allocated between in-place lease values and tenant relationship values based on management's evaluation of the specific characteristics of each tenant's lease. The value of in-place leases is amortized to expense over the remaining non-cancelable periods and any bargain renewal periods of the respective leases. The value of tenant relationships is amortized to expense over the applicable lease term plus expected renewal periods. Depreciation is determined by the straight-line method over the remaining estimated economic useful lives of the properties. The Company generally depreciates its real estate assets over periods ranging up to 40 years. Impairment of Real Estate. The Company evaluates the carrying value of all tangible and intangible real estate assets held for investment for possible impairment when an event or change in circumstance has occurred that indicates its carrying value may not be recoverable. The Company considers the strategic decisions regarding the future plans to sell properties and other market factors. The Company regularly updates significant estimates and assumptions including rental rates, capitalization rates and discount rates, which are included in the anticipated future undiscounted cash flows derived from the asset. If such cash flows are less than the asset's carrying value, an impairment charge is recognized to the extent by which the asset's carrying value exceeds its estimated fair value, which may be below the balance of any non-recourse financing. Estimating future cash flows and fair values is highly subjective and such estimates could differ materially from actual results. Investments in Non-Consolidated Entities . The Company uses the equity method of accounting for those joint ventures where it exercises significant influence but does not have control. If the Company's investment in the entity is insignificant and the Company has no influence over the control of the entity then the entity is accounted for under the cost method. Impairment of Equity Method Investments. The Company assesses whether there are indicators that the value of its equity method investments may be impaired. An impairment charge is recognized only if the Company determines that a decline in the value of the investment below its carrying value is other-than-temporary. The assessment of impairment is highly subjective and involves the application of significant assumptions and judgments about the Company's intent and ability to recover its investment given the nature and operations of the underlying investment, including the level of the Company's involvement therein, among other factors. To the extent an impairment is deemed to be other-than-temporary, the loss is measured as the excess of the carrying amount of the investment over the estimated fair value of the investment. Fair Value Measurements. The Company follows the guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“Topic 820”), to determine the fair value of financial and non-financial instruments. Topic 820 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. Topic 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 - quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 - observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 - unobservable inputs, which are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as considering counterparty credit risk. The Company has formally elected to apply the portfolio exception within Topic 820 with respect to measuring counterparty risk for all of its derivative transactions subject to master netting arrangements. The Company estimates the fair value of its real estate assets, including non-consolidated real estate assets, by using income and market valuation techniques. The Company may estimate fair values using market information such as recent sale contracts (Level 2 inputs) or recent sale offers or discounted cash flow models, which primarily rely on Level 3 inputs. The cash flow models include estimated cash inflows and outflows over a specified holding period. These cash flows may include contractual rental revenues, projected future rental revenues and expenses and forecasted tenant improvements and lease commissions based upon market conditions determined through discussion with local real estate professionals, experience the Company has with its other owned properties in such markets and expectations for growth. Capitalization rates and discount rates utilized in these models are estimated by management based upon rates that management believes to be within a reasonable range of current market rates for the respective properties based upon an analysis of factors such as property and tenant quality, geographical location and local supply and demand observations. To the extent the Company under-estimates forecasted cash out flows (tenant improvements, lease commissions and operating costs) or over-estimates forecasted cash inflows (rental revenue rates), the estimated fair value of its real estate assets could be overstated. Cost Capitalization. The Company capitalizes direct and indirect project costs associated with construction of a property or improvements, including interest and compensation costs of employees directly contributing to the completion of each construction project, up to the time the property is substantially complete and ready for its intended use. These costs are included within investments in real estate under construction for development projects and in construction in progress within real estate, at cost for improvements in the consolidated balance sheets. If activities and costs incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once construction is substantially complete on a vacant space and it is ready for its intended use, costs are no longer capitalized. The Company will reclassify a development project to real estate, at cost from investments in real estate under construction once in service upon stabilization. The Company considers stabilization to occur upon the earlier of 90% occupancy of the property or one-year from cessation of major construction activities. If some portions of a development project are substantially complete and ready for use and other portions have not yet reached that stage, we cease capitalizing costs on the completed portion of the project but continue to capitalize costs for the incomplete portion. When a portion of the development project is substantially complete and ready for its intended use, the project is placed into service and depreciation commences. Properties Held For Sale. Assets and liabilities of properties that meet various held for sale criteria, including whether it is probable that a sale will occur within 12 months, are presented separately in the consolidated balance sheets. Properties are held for sale for a period longer than 12 months if events or circumstances out of the Company's control occur that delay the sale and while management continues to be committed to the plan of sale and is performing actions necessary to respond to the conditions causing the delay the properties held for sale remain salable in their current condition. The operating results of these properties are reflected as discontinued operations in the consolidated statements of operations only if the sale of these assets represents a major strategic shift in operations; if not, the operating results are included in continuing operations. Properties classified as held for sale are carried at the lower of net carrying value or estimated fair value less costs to sell and depreciation and amortization are no longer recognized. Held for sale properties are evaluated quarterly to ensure that properties continue to meet the held for sale criteria. If properties are required to be reclassified from held for sale to held for use due to changes to a plan of sale, they are recorded at the lower of fair value or the carrying amount before the property was classified as held for sale, adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used. Properties that do not meet the held for sale criteria are accounted for as operating properties. Deferred Expenses. Deferred expenses consist primarily of revolving line of credit debt and leasing costs. Debt costs are amortized using the straight-line method, which approximates the interest method, over the terms of the debt instruments and leasing costs are amortized over the term of the related lease. Investment in Sales-Type Leases . Investments in sales-type leases are accounted for under ASC 842 “Leases” (“ASC 842”). Upon lease commencement or lease modification, the Company assesses lease classification to determine whether the lease should be classified as a direct financing, sales-type or operating lease. As required by ASC 842, the Company separately assesses the land and building components of the property to determine the classification of each component unless the effect of separately accounting for the land component will be insignificant. If the lease is determined to be a direct financing or sales-type lease, the Company records a net investment in the lease, which is equal to the sum of the lease receivable and the unguaranteed residual asset, discounted at the rate implicit in the lease. Any difference between the fair value of the asset and the net investment in the lease is considered selling profit or loss and is either recognized upon execution of the lease or deferred and recognized over the life of the lease, depending on the lease classification and the collectability of the minimum lease payments. Initial direct costs are recognized as an expense if, at the commencement date, the fair value of the underlying asset is different from its carrying amount. If the fair value of the underlying asset equals its carrying amount, initial direct costs are deferred at the commencement date and included in the measurement of the net investment in the lease. Allowance for Credit Losses. On January 1, 2020, the Company adopted ASC 326 “Financial Instruments-Credit Losses” (“ASC 326” or “CECL”), which requires that the Company measures and records current expected credit losses for its investments, the scope of which includes investment in sales-type leases in its consolidated balance sheets. The Company has elected to use a discounted cash flow model to estimate the allowance for credit losses. This model requires us to develop cash flows which is used to project estimated credit losses over the life of the lease and discount these cash flows at the asset’s effective interest rate. The Company then records an allowance equal to the difference between the amortized cost basis of the asset and the present value of the expected credit loss cash flows. Expected losses within the Company's cash flows are determined by estimating the probability of default of the tenant and their parent guarantors over the term of the lease. The Company evaluates the collectability of its investment in sales-type leases, net based various probability weighted default scenarios that include, but are not limited to, current payment status, the financial strength of its tenant and its parent guarantors, current economic conditions and 20 years of historical information on corporate defaults. The Company is unable to use its historical data to estimate losses as it has no relevant loss history to date. The allowance is recorded as a reduction to our investment in sales-type leases, net, on the consolidated balance sheets. The Company is required to update its allowance on a quarterly basis with the resulting change being recorded in the consolidated statement of operations for the relevant period. The Company regularly evaluates the extent and impact of any credit deterioration that could affect performance and the value its investment in sales-type leases, as well as the financial and operating capability of the tenant. The Company also evaluates the tenant’s competency in managing and operating the secured property and considers the overall economic environment, real estate sector and geographic sub-market in which the secured property is located. If a tenant's credit deteriorates and it defaults under the terms of the sales-type lease, the Company puts the lease in non-accrual status until it is determined that all payments under the lease are probable of being collected. Write-offs are deducted from the allowance in the period in which they are deemed uncollectible. Recoveries previously written off are recorded when received. Derivative Financial Instruments . The Company accounts for its interest rate swap agreements in accordance with FASB ASC Topic 815, Derivatives and Hedging (“Topic 815”). In accordance with Topic 815, these agreements are carried on the balance sheet at their respective fair values, as an asset if fair value is positive, or as a liability if fair value is negative. If the interest rate swap is designated as a cash flow hedge, the portion of the interest rate swap's change in fair value is reported as a component of other comprehensive income (loss). The Company also accounts for its share of cash flow hedges from non-consolidated entities as part of investment in non-consolidated entities and accumulated other comprehensive income (loss). Upon entering into hedging transactions, the Company documents the relationship between the interest rate swap agreement and the hedged item. The Company also documents its risk-management policies, including objectives and strategies, as they relate to its hedging activities. The Company assesses, both at inception of a hedge and on an ongoing basis, whether or not the hedge is highly effective. The Company will discontinue hedge accounting on a prospective basis with changes in the estimated fair value reflected in earnings when (1) it is determined that the derivative is no longer effective in offsetting cash flows of a hedged item (including forecasted transactions), (2) it is no longer probable that the forecasted transaction will occur or (3) it is determined that designating the derivative as an interest rate swap is no longer appropriate. The Company does and may continue to utilize interest rate swap and cap agreements to manage interest rate risk, but does not anticipate entering into derivative transactions for speculative trading purposes. Stock Compensation. The Company maintains an equity participation plan. Non-vested share grants generally vest either based upon (1) time, (2) performance and/or (3) market conditions. All share-based payments to employees are recognized in the consolidated statements of operations based on their fair values. The Company has made an accounting policy election to account for share-based award forfeitures in compensation costs when they occur. Tax Status. The Company has made an election to qualify, and believes it is operating so as to qualify, as a REIT for federal income tax purposes. Accordingly, the Company generally will not be subject to federal income tax, provided that distributions to its shareholders equal at least the amount of its REIT taxable income as defined under Sections 856 through 860 of the Code. The Company is permitted to participate in certain activities from which it was previously precluded in order to maintain its qualification as a REIT, so long as these activities are conducted in entities which elect to be treated as taxable REIT subsidiaries under the Code. As such, the Company is subject to federal and state income taxes on the income from these activities. Income taxes, primarily related to the Company's taxable REIT subsidiaries, are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. Cash and Cash Equivalents. The Company considers all highly liquid instruments with maturities of three months or less from the date of purchase to be cash equivalents. Restricted Cash. Restricted cash is comprised primarily of cash balances held by lenders. Short-Term Investments. Short-term investments classified as held-to-maturity securities consist of term deposits and treasury bills that the Company has the ability and intent to hold to maturity. These short-term investments have an original maturity of greater than three months but less than 12 months and are recorded in short-term investments in the consolidated balance sheet. Held-to-maturity securities are recorded at amortized cost, which approximates fair value. The estimate of expected losses considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. We do not measure expected credit losses on held-to-maturity securities in which historical credit loss information adjusted for current conditions and reasonable and supportable forecasts results in an expectation that nonpayment of the amortized cost basis is zero. Environmental Matters. Under various federal, state and local environmental laws, statutes, ordinances, rules and regulations, an owner of real property may be liable for the costs of removal or remediation of certain hazardous or toxic substances at, on, in or under such property as well as certain other potential costs relating to hazardous or toxic substances. These liabilities may include government fines, penalties and damages for injuries to persons and adjacent property. Such laws often impose liability without regard to whether the owner knew of, or was responsible for, the presence or disposal of such substances. Although most of the tenants of properties in which the Company has an interest are primarily responsible for any environmental damage and claims related to the leased premises, in the event of the bankruptcy or inability of the tenant of such premises to satisfy any obligations with respect to such environmental liability, or if the tenant is not responsible, the Company's property owner subsidiary may be required to satisfy any such obligations, should they exist. In addition, the property owner subsidiary, as the owner of such a property, may be held directly liable for any such damages or claims irrespective of the provisions of any lease. As of December 31, 2023, the Company was not aware of any environmental matter relating to any of its investments that would have a material impact on the consolidated financial statements. Segment Reporting. The Company operates generally in one industry segment, single-tenant real estate assets. Reclassifications . Certain amounts included in prior years' financial statements have been reclassified to conform to the current year's presentation. Recently Issued Accounting Guidance . In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts that reference the London Interbank Offered Rate, or LIBOR, or another reference rate expected to be discontinued because of reference rate reform. The guidance in ASU 2020-04 is optional, applies for a limited period of time to ease the potential burden in accounting for (or recognizing the effect of) reference rate reform on financial reporting, in response to concerns about structural risks of interbank offered rates, and, particularly, the risk of cessation of LIBOR and may be elected over time as reference rate reform activities occur. As of March 31, 2020, the Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. On July 5, 2022, the Company transitioned its benchmark interest rate for its term loan from LIBOR to the Secured Overnight Financing Rate, or SOFR. The Company adopted ASU 2020-04 and the adoption of this standard did not have an impact on the Company's consolidated financial statements. During 2023, the Company's Trust Preferred Securities transitioned from LIBOR to SOFR. The impact on the financial statements was immaterial as a result of the transition. In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). ASU 2023-07 requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within the segment measure of profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity's CODM. ASU 2023-07 will be effective retrospectively for fiscal years beginning after December 15, 2023 and interim periods beginning after December 15, 2024. The Company will continue to evaluate the impact of the guidance on our consolidated financial statements.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share A portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company. The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for each of the years in the three-year period ended December 31, 2023: 2023 2022 2021 BASIC: Net income attributable to common shareholders $ 23,863 $ 107,307 $ 375,848 Weighted-average number of common shares outstanding 290,245,877 279,887,760 277,640,835 Net income attributable to common shareholders - per common share basic $ 0.08 $ 0.38 $ 1.35 2023 2022 2021 DILUTED: Net income attributable to common shareholders - basic $ 23,863 $ 107,307 $ 375,848 Impact of assumed conversions (58) 156 7,962 Net income attributable to common shareholders $ 23,805 $ 107,463 $ 383,810 Weighted-average common shares outstanding - basic 290,245,877 279,887,760 277,640,835 Effect of dilutive securities: Unvested share-based payment awards and options 127,251 457,597 989,177 Shares issuable under forward sales agreements — 1,274,842 2,110,315 Operating Partnership Units 820,386 853,259 1,918,845 Series C Cumulative Convertible Preferred — — 4,710,570 Weighted-average common shares outstanding - diluted 291,193,514 282,473,458 287,369,742 Net income attributable to common shareholders - per common share diluted $ 0.08 $ 0.38 $ 1.34 For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods. Calculation of dilutive earnings requires certain potentially dilutive shares to be excluded when the inclusion of such shares would be anti-dilutive. The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as the inclusion of such shares would be anti-dilutive for each of the years in the three-year period ended December 31, 2023: Years Ended December 31, 2023 2022 2021 Unvested share-based payment awards — — 44,261 Preferred shares - Series C 4,710,570 4,710,570 —

Investments in Real Estate

Investments in Real Estate	12 Months Ended
	Dec. 31, 2023
Real Estate Investments, Net [Abstract]
Investments in Real Estate	Investments in Real Estate The Company's real estate, net, consists of the following at December 31, 2023 and 2022: 2023 2022 Real estate, at cost: Buildings and building improvements $ 3,424,334 $ 3,335,029 Land, land estates and land improvements 348,133 346,816 Construction in progress 1,772 9,221 Real estate intangibles: In-place lease values 303,457 309,393 Tenant relationships 10,388 12,519 Above-market leases 680 6,695 Land held for development 80,743 84,412 Investments in real estate under construction 319,355 361,924 4,488,862 4,466,009 Accumulated depreciation and amortization (1) (904,709) (800,470) Real estate, net $ 3,584,153 $ 3,665,539 (1) Includes accumulated amortization of real estate intangible assets of $191,332 and $173,443 in 2023 and 2022, respectively. The estimated amortization of the above real estate intangible assets for the next five years is $26,487 in 2024, $22,558 in 2025, $19,550 in 2026, $14,466 in 2027 and $11,319 in 2028. The Company had below-market leases, net of accumulated accretion, which are included in deferred revenue, of $9,385 and $11,214, respectively, as of December 31, 2023 and 2022. The estimated accretion for the next five years is $1,830 in 2024, $1,740 in 2025, $1,538 in 2026, $1,292 in 2027 and $1,004 in 2028. The Company acquired or completed and placed into service the following assets during 2023 and 2022: 2023: Market Acquisition/ Placed in Service Date Initial Primary Lease Expiration Land Building and Improvements Phoenix, AZ (1) March 2023 $ 37,173 08/2033 $ 7,552 $ 29,621 Dallas, TX July 2023 15,018 N/A 2,100 12,918 Columbus, OH (1) October 2023 64,524 10/2033 6,536 57,988 Greenville/Spartanburg, SC (1) October 2023 21,676 02/2029 1,795 19,881 Central Florida (1)(2) December 2023 7,985 01/2029 1,961 6,024 $ 146,376 $ 19,944 $ 126,432 (1) Initial basis excludes certain remaining costs, including developer partner promote/fee, if any. (2) Represents a portion of the South Shore development project placed into service. 2022: Market (1) Acquisition/ Placed in Service Date Initial Primary Lease Expiration Land Building and Improvements Lease in-place Value Intangible Cincinnati/Dayton, OH (2) February 2022 $ 23,382 N/A $ 2,010 $ 21,372 $ — Cincinnati/Dayton, OH February 2022 48,660 04/2032 4,197 40,944 3,519 Phoenix, AZ April 2022 59,140 05/2037 5,366 50,281 3,493 Greenville/Spartanburg, SC (3) December 2022 64,067 04/2035 2,484 61,583 — $ 195,249 $ 14,057 $ 174,180 $ 7,012 Weighted-average life of intangible assets (years) 12.7 (1) A land parcel located in Hebron, OH was also purchased for $747. (2) Subsequent to acquisition, property was fully leased for approximately nine years. (3) Development project substantially completed and placed in service. Initial basis excludes certain remaining costs, including developer partner promote. In 2022, the Company purchased the remaining 13% of equity owned by a noncontrolling interest in the Fairburn, Georgia warehouse/distribution facility for $27,958. As the Company previously consolidated its interest in the joint venture which owned the property, the acquisition of the noncontrolling ownership interest was recorded as an equity transaction with the difference between the purchase price and carrying balance of $25,058 recorded as a reduction in additional paid-in-capital. As of December 31, 2023, the details of the development arrangements outstanding are as follows (in $000's, except square feet): Project (% owned) # of Buildings Market Estimated Sq. Ft. (unaudited) Estimated Project Cost (1) GAAP Investment Balance as of 12/31/2023 (2) Amount Funded as of 12/31/2023 (3) Building Completion Date (unaudited) % Leased as of Placed in Service Date Development Projects Leased: Cotton 303 (93%) (4) 1 Phoenix, AZ 488,400 $ 55,300 $ 50,716 $ 44,523 1Q 2024 100 % 1Q 2024 1 488,400 $ 55,300 $ 50,716 $ 44,523 Development Projects Available for Lease: Ocala (80%) 1 Central Florida 1,085,280 $ 85,200 $ 80,184 $ 70,605 1Q 2023 — % — Mt. Comfort (80%) 1 Indianapolis, IN 1,053,360 66,400 64,489 58,736 1Q 2023 — % — Smith Farms (90%) 1 Greenville-Spartanburg, SC 1,091,888 76,500 72,411 69,244 2Q 2023 — % — South Shore (100%) (5) 2 Central Florida 213,195 33,500 29,739 29,771 2Q 2023 - 3Q 2023 — % — ETNA Building D (100%) (6) 1 Columbus, OH 250,020 30,200 21,816 15,928 1Q 2024 — % — 6 3,693,743 $ 291,800 $ 268,639 $ 244,284 7 4,182,143 $ 347,100 $ 319,355 $ 288,807 (1) Estimated project cost includes estimated tenant improvements and leasing costs and excludes potential developer fee or partner promote, if any. (2) Excludes leasing costs. (3) Excludes noncontrolling interests' share. (4) Subsequent to December 31, 2023, the property was placed in service. (5) During the fourth quarter of 2023, a 57,690 square foot portion of the project, representing 23% of the total project, was occupied by the tenant and placed in service. (6) During the fourth quarter of 2023, a wholly-owned subsidiary of LXP purchased approximately 14 acres of land and the partially completed leasehold improvements from ETNA Park 70. As of December 31, 2023, the Company's aggregate investment in development arrangements was $319,355, which included capitalized interest of $8,134 for the year ended December 31, 2023 and is presented as investments in real estate under construction in the accompanying consolidated balance sheets. For the year ended December 31, 2022, capitalized interest for development arrangements was $6,330. As of December 31, 2023, the details of the land held for industrial development are as follows (in $000's, except acres): Project (% owned) Market Approximate Acres (unaudited) GAAP Investment Balance as of LXP Amount Funded as of 12/31/2023 (1) Consolidated: Reems & Olive (95.5%) (2) Phoenix, AZ 320 $ 73,683 $ 74,308 Mt. Comfort Phase II (80%) Indianapolis, IN 116 5,328 4,283 ATL Fairburn (100%) Atlanta, GA 14 1,732 1,751 450 $ 80,743 $ 80,342 (1) Excludes noncontrolling interests' share. (2) During the fourth quarter of 2023, a perpetual utility easement was granted in exchange for $6,172, which was accounted for as a sale of real estate.

Dispositions and Impairment

Dispositions and Impairment	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Dispositions and Impairment	Dispositions and Impairment For the years ended December 31, 2023, 2022 and 2021, the Company disposed of its interests in various properties for an aggregate gross disposition price of $100,152, $196,989 and $823,966, respectively, which resulted in gains on sales of $33,010, $59,094 and $367,274, respectively, including, in 2021 the sale of 22 special purpose industrial assets to a newly-formed joint venture, NNN MFG Cold JV L.P. (“MFG Cold JV”), with an unaffiliated third-party. Included in the 2021 dispositions are three non-industrial properties with a disposition price of $35,369, which was satisfied through (i) the redemption of 1,598,906 OP units, (ii) the assumption of $11,610 of third party mortgage financing that encumbered two of the properties and (iii) $1,497 of seller financing. The seller financing note receivable has a fixed interest rate of 6.0% per annum which was paid in full during the year ended December 31, 2023. For the years ended December 31, 2023 and December 31, 2022 the Company recognized no debt satisfaction charges relating to properties sold. For the year ended December 31, 2021, the Company recognized net debt satisfaction charges relating to properties sold of $229. The Company had two and three properties classified as held for sale at December 31, 2023 and December 31, 2022, respectively. Assets and liabilities of the held for sale properties consisted of the following: December 31, 2023 December 31, 2022 Assets: Real estate, at cost $ 9,018 $ 131,557 Real estate, intangible assets — 9,942 Accumulated depreciation and amortization — (76,205) Other 150 1,140 Total assets held for sale $ 9,168 $ 66,434 Liabilities: Accounts payable and other liabilities $ 5 $ 637 Deferred revenue 53 143 Prepaid rent 359 370 Total liabilities held for sale $ 417 $ 1,150 The Company assesses on a regular basis whether there are any indicators that the carrying value of its real estate assets may be impaired. Potential indicators may include an increase in vacancy at a property, tenant financial instability, change in the estimated holding period of the asset, the potential sale or transfer of the property in the near future and changes in economic conditions. An asset is determined to be impaired if the asset's carrying value is in excess of its estimated fair value and the Company estimates that its cost will not be recovered.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following tables present the Company's assets and liabilities measured at fair value on a recurring and non-recurring basis as of December 31, 2023 and 2022, aggregated by the level in the fair value hierarchy within which those measurements fall: Fair Value Measurements Using Description 2023 (Level 1) (Level 2) (Level 3) Interest rate swap assets $ 9,471 $ — $ 9,471 $ — Impaired assets held for sale (1) $ 9,170 $ — $ — $ 9,170 (1) The Company estimated the fair value of certain real estate assets throughout the year based on a discounted cash flow analysis using a discount rate of 10.0% and a residual capitalization rate of 8.0%. As significant inputs to the models are unobservable, the Company determined that the value determined for these properties falls within Level 3 of the fair value reporting hierarchy. Fair Value Measurements Using Description 2022 (Level 1) (Level 2) (Level 3) Interest rate swap assets $ 16,318 $ — $ 16,318 $ — The majority of the inputs used to value the Company's interest rate swaps fall within Level 2 of the fair value hierarchy, such as observable market interest rate curves; however, the credit valuation associated with the interest rate swaps utilizes Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by the Company and its counterparties. As of December 31, 2023 and 2022, the Company determined that the credit valuation adjustment relative to the overall interest rate swaps was not significant. As a result, all interest rate swaps have been classified in Level 2 of the fair value hierarchy. The table below sets forth the carrying amounts and estimated fair values of the Company's financial instruments as of December 31, 2023 and 2022: As of December 31, 2023 As of December 31, 2022 Carrying Fair Value Carrying Fair Value Assets Investment in a sales-type lease, net $ 63,464 $ 62,500 $ 61,233 $ 60,984 Liabilities Debt $ 1,770,827 $ 1,630,066 $ 1,488,051 $ 1,293,239 The fair value of the Company's investment in a sales-type lease, net is primarily estimated utilizing Level 3 inputs by using a discounted cash flow analysis and an estimate of the unguaranteed residual value. The fair value of the Company's debt is primarily estimated utilizing Level 3 inputs by using a discounted cash flow analysis, based upon estimates of market interest rates. The Company determines the fair value of its Senior Notes using market prices. The inputs used in determining the fair value of these notes are categorized as Level 1 due to the fact that the Company uses quoted market rates to value these instruments. However, the inputs used in determining the fair value could be categorized as Level 2 if trading volumes are low. Fair values cannot be determined with precision, may not be substantiated by comparison to quoted prices in active markets and may not be realized upon sale. Additionally, there are inherent uncertainties in any fair value measurement technique, and changes in the underlying assumptions used, including discount rates, liquidity risks and estimates of future cash flows, could significantly affect the fair value measurement amounts. Cash Equivalents, Restricted Cash, Short-Term Investments, Accounts Receivable and Accounts Payable . The Company estimates that the fair value of cash equivalents, restricted cash, short-term investments, accounts receivable and accounts payable approximates carrying value due to the relatively short maturity of the instruments.

Investments in Non-Consolidated

Investments in Non-Consolidated Entities	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments in Non-Consolidated Entities	Investments in Non-Consolidated Entities Below is a schedule of the Company's investments in non-consolidated entities: Percentage Ownership at Investment Balance as of December 31, Equity in earnings (losses) of non-consolidated entities Investment December 31, 2023 2023 2022 2023 2022 2021 NNN MFG Cold JV L.P. (“MFG Cold JV”) (1) 20% $ 19,693 $ 26,592 $ (3,300) $ (2,050) $ — NNN Office JV L.P. (“Office JV”) (2) 20% 16,237 12,900 508 18,156 (140) Etna Park 70 LLC (3) 90% 10,320 12,975 (258) (137) (93) Etna Park 70 East LLC (4) 90% 2,245 2,126 (192) (174) (114) BSH Lessee L.P. (5) 25% — 3,613 4,608 211 157 $ 48,495 $ 58,206 $ 1,366 $ 16,006 $ (190) (1) MFG Cold JV is a joint venture formed in 2021 that owns special purpose industrial properties formerly owned by the Company. (2) Office JV is a joint venture formed in 2018 that owns office properties formerly owned by the Company. During 2023 and 2022, Office JV sold one and six assets, respectively, and the Company recognized its share of aggregate gains on sale of $1,010 and $24,513, respectively, within equity in earnings of non-consolidated entities within its consolidated statements of operations. (3) Joint venture formed in 2017 with a developer entity to acquire a parcel of land. In the second quarter of 2023, the joint venture commenced development of a 250,020 square foot industrial speculative development project for an estimated cost of $30,200. As of December 31, 2023, the Company's wholly owned subsidiary purchased the land and building improvements for approximately $15,897 and recorded it in investment in real estate under construction on its consolidated balance sheet. (4) Joint venture formed in 2019 with a developer entity to acquire a parcel of land. (5) A joint venture investment which sold its sole single-tenant, net-leased asset in January 2023 and the Company recognized its share of the gain on sale of $4,791 within equity in earnings of non-consolidated entities within its consolidated statements of operations.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases Lessor Operating Leases . The Company’s lease portfolio as a lessor primarily includes general purpose, single-tenant net-leased real estate assets. Most of the Company’s leases require tenants to pay fixed annual rental payments that escalate on an annual basis and variable payments for other operating expenses, such as real estate taxes, insurance, common area maintenance (“CAM”), and utilities, that are based on the actual expenses incurred. Certain leases allow for the tenant to renew the lease term upon expiration or earlier. Periods covered by a renewal option are included within the lease term only when renewals are deemed to be reasonably certain. Certain leases allow for the tenant to terminate the lease before the expiration of the lease term and certain leases provide the tenant with the right to purchase the leased property at fair market value or a stipulated price upon expiration of the lease term or before. Accounting guidance under ASC 842 requires the Company to make certain assumptions and judgments in applying the guidance, including determining whether an arrangement includes a lease and determining the lease term when the contract has renewal, purchase or early termination provisions. The Company analyzes its accounts receivable, customer creditworthiness and current economic trends when evaluating the adequacy of the collectability of the lessee's total accounts receivable balance on a lease by lease basis. In addition, tenants in bankruptcy are analyzed and considerations are made in connection with the expected pre-petition and post-petition claims. If a lessee's accounts receivable balance is considered uncollectible, the Company will write-off the receivable balances associated with the lease to rental revenue and cease to recognize lease income, including straight-line rent, unless cash is received. If the Company subsequently determines that it is probable it will collect substantially all of the lessee's remaining lease payments under the lease term; the Company will reinstate the straight-line balance adjusting for the amount related to the period when the lease was accounted for on a cash basis. During the years ended December 31, 2022 and 2021, the Company wrote off an aggregate of $417 and $370, respectively, accounts receivable, net, relating to certain tenants suffering from the current economic conditions. During the year ended December 31, 2023, no accounts receivable was written off. The Company elected that the lease and non-lease components in its leases are a single lease component, which is, therefore, being recognized as rental revenue in its consolidated statements of operations. The primary non-lease service included within rental revenue is CAM services provided as part of the Company’s real estate leases. ASC 842 requires that the Company capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease. For the year ended December 31, 2023, the Company incurred a nominal amount of costs that were not incremental to the execution of leases. For the years ended December 31, 2022 and 2021, the Company incurred $2 and $19, respectively, of costs that were not incremental to the execution of leases. The Company manages the risk associated with the residual value of its leased properties by including contract clauses that make tenants responsible for surrendering the space in good condition upon lease termination, holding a diversified portfolio, and other activities . The Company does not have residual value guarantees on specific properties. Sales-Type Leases. As of December 31, 2023, the Company had one ground lease for a 100-acre industrial development land parcel in the Phoenix, Arizona market, which is classified as a sales-type lease. At the commencement date of the lease, the Company evaluated the lease classification and classified the lease as a sales-type lease. The lease contains a purchase option in the amount of $20.00 per land square foot starting on the second anniversary date of the lease and ending on the third anniversary date. The Company determined that the purchase option is not reasonably certain of being exercised. The lease met the sales-type lease criteria because the present value of the lease payments was equal to substantially all of the fair value of the underlying asset on the lease commencement date. The Company recorded $60,984 in investment in a sales-type lease, net and derecognized $24,109 from land held for development in the consolidated balance sheets. The Company recognized $36,875 in selling profit from sales-type leases and $4,119 of direct costs to enter into the lease within transaction costs in the consolidated statements of operations for the year ended December 31, 2022. The interest income earned from sales-type leases is included in rental revenue in the consolidated statements of operations. The residual value of the land parcel at the end of the ground lease is estimated to equal its fair value on the commencement date of the lease of $60,984 because land values typically appreciate over time but the accounting guidance does not allow the residual value at the end of the lease to be in excess of the fair value at the commencement date of the lease. For the year ended December 31, 2023 and 2022, the interest income earned from sales-type leases of $7,427 and $1,936, respectively, is included in rental revenue In 2022, the Company had two tenants that exercised the purchase option within their lease for an aggregate purchase option price of $34,841. The purchase options were not reasonably certain to be exercised at the commencement date of each lease, resulting in modifications of the operating leases. As a result of these modifications to the leases, the Company re-evaluated the lease classifications and classified both leases as sales-type leases. The Company recognized an aggregate of $10,184 in selling profit from sales-type leases in its consolidated statements of operations related to these transactions for the year ended December 31, 2022. Rental Revenue Classification. The following table presents the Company’s classification of rental revenue for its operating and sales-type leases for the years ended December 31, 2023, 2022 and 2021: Years Ended December 31, Classification 2023 2022 2021 Fixed $ 275,186 $ 267,644 $ 287,552 Sales-type lease income 7,427 1,936 — Variable (1)(2) 51,607 44,412 52,392 Total $ 334,220 $ 313,992 $ 339,944 (1) Primarily comprised of tenant reimbursements. (2) Variable lease payments include termination revenue of $238 and $15,371 for the years ending December 31, 2022 and 2021, respectively. The Company did not recognize any termination revenue during the year ended December 31, 2023. Future fixed rental receipts for operating and sales-type leases, assuming no new or re-negotiated leases as of December 31, 2023 were as follows: Year ending December 31, Operating Sales-Type 2024 $ 264,322 $ 5,263 2025 254,347 5,473 2026 237,312 5,692 2027 201,098 5,920 2028 170,950 6,156 Thereafter 572,643 733,006 Total $ 1,700,672 $ 761,510 Difference between undiscounted cash flow and present value (697,985) Investment in a sales-type lease $ 63,525 The above minimum lease payments do not include reimbursements to be received from tenants for certain operating expenses and real estate taxes and do not include early termination payments provided for in certain leases, if not reasonably certain. Certain leases allow for the tenant to terminate the lease if the property is deemed obsolete, as defined, and upon payment of a termination fee to the landlord, as stipulated in the lease. In addition, certain leases provide the tenant with the right to purchase the leased property at fair market value or a stipulated price. Lessee The Company, as lessee, has ground leases, corporate leases for office space, and office equipment leases. All leases were classified as operating leases as of December 31, 2023. The leases have remaining lease terms of up to 33 years. Renewal periods are included in the lease term only when renewal is deemed to be reasonably certain. The lease term also includes periods covered by an option to terminate the lease if the Company is reasonably certain not to exercise the termination option. The Company measures its lease payments by including fixed rental payments and variable rental payments that tie to an index or a rate, such as CPI. The Company recognizes lease expense for its operating leases on a straight-line basis over the lease term and variable lease expense not included in the lease payment measurement as incurred. The accounting guidance under ASC 842 requires the Company to make certain assumptions and judgments in applying the guidance, including determining whether an arrangement includes a lease, determining the term of a lease when the contract has renewal or termination provisions and determining the discount rate. The Company determines whether an arrangement is or includes a lease at contract inception by evaluating whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. If the Company has the right to obtain substantially all of the economic benefits from and can direct the use of, the identified asset for a period of time, the Company accounts for the contract as a lease. The Company uses the information available at the lease commencement date to determine the discount rate for any new leases. The Company used a portfolio approach to determine its incremental borrowing rate. Lease contracts were grouped based on similar lease terms and economic environments in a manner in which the Company reasonably expects that the outcome from applying a portfolio approach does not differ materially from an individual lease approach. The Company estimated a collateralized discount rate for each portfolio of leases. Supplemental information related to operating leases is as follows: Years Ended December 31, 2023 2022 Weighted-average remaining lease term Operating leases (years) 8.7 9.4 Weighted-average discount rate Operating leases 4.0 % 4.0 % The components of lease expense for the years ended December 31, 2023, 2022 and 2021 were as follows: Income Statement Classification Fixed Variable Total 2023: Property operating $ 3,539 $ 7 $ 3,546 General and administrative 1,521 280 1,801 Total $ 5,060 $ 287 $ 5,347 2022: Property operating $ 3,543 $ — $ 3,543 General and administrative 1,520 122 1,642 Total $ 5,063 $ 122 $ 5,185 2021: Property operating $ 3,645 $ 3 $ 3,648 General and administrative 1,380 70 1,450 Total $ 5,025 $ 73 $ 5,098 The Company recognized sublease income of $3,320 for the years ended December 31, 2023 and 2022 and $3,425 in 2021. The following table shows the Company's maturity analysis of its operating lease liabilities as of December 31, 2023: Year ending December 31, Operating Leases 2024 $ 5,169 2025 5,174 2026 4,144 2027 3,643 2028 1,031 Thereafter 5,479 Total lease payments 24,640 Less: Imputed interest (4,407) Present value of lease liabilities $ 20,233
Leases	Leases Lessor Operating Leases . The Company’s lease portfolio as a lessor primarily includes general purpose, single-tenant net-leased real estate assets. Most of the Company’s leases require tenants to pay fixed annual rental payments that escalate on an annual basis and variable payments for other operating expenses, such as real estate taxes, insurance, common area maintenance (“CAM”), and utilities, that are based on the actual expenses incurred. Certain leases allow for the tenant to renew the lease term upon expiration or earlier. Periods covered by a renewal option are included within the lease term only when renewals are deemed to be reasonably certain. Certain leases allow for the tenant to terminate the lease before the expiration of the lease term and certain leases provide the tenant with the right to purchase the leased property at fair market value or a stipulated price upon expiration of the lease term or before. Accounting guidance under ASC 842 requires the Company to make certain assumptions and judgments in applying the guidance, including determining whether an arrangement includes a lease and determining the lease term when the contract has renewal, purchase or early termination provisions. The Company analyzes its accounts receivable, customer creditworthiness and current economic trends when evaluating the adequacy of the collectability of the lessee's total accounts receivable balance on a lease by lease basis. In addition, tenants in bankruptcy are analyzed and considerations are made in connection with the expected pre-petition and post-petition claims. If a lessee's accounts receivable balance is considered uncollectible, the Company will write-off the receivable balances associated with the lease to rental revenue and cease to recognize lease income, including straight-line rent, unless cash is received. If the Company subsequently determines that it is probable it will collect substantially all of the lessee's remaining lease payments under the lease term; the Company will reinstate the straight-line balance adjusting for the amount related to the period when the lease was accounted for on a cash basis. During the years ended December 31, 2022 and 2021, the Company wrote off an aggregate of $417 and $370, respectively, accounts receivable, net, relating to certain tenants suffering from the current economic conditions. During the year ended December 31, 2023, no accounts receivable was written off. The Company elected that the lease and non-lease components in its leases are a single lease component, which is, therefore, being recognized as rental revenue in its consolidated statements of operations. The primary non-lease service included within rental revenue is CAM services provided as part of the Company’s real estate leases. ASC 842 requires that the Company capitalize, as initial direct costs, only those costs that are incurred due to the execution of a lease. For the year ended December 31, 2023, the Company incurred a nominal amount of costs that were not incremental to the execution of leases. For the years ended December 31, 2022 and 2021, the Company incurred $2 and $19, respectively, of costs that were not incremental to the execution of leases. The Company manages the risk associated with the residual value of its leased properties by including contract clauses that make tenants responsible for surrendering the space in good condition upon lease termination, holding a diversified portfolio, and other activities . The Company does not have residual value guarantees on specific properties. Sales-Type Leases. As of December 31, 2023, the Company had one ground lease for a 100-acre industrial development land parcel in the Phoenix, Arizona market, which is classified as a sales-type lease. At the commencement date of the lease, the Company evaluated the lease classification and classified the lease as a sales-type lease. The lease contains a purchase option in the amount of $20.00 per land square foot starting on the second anniversary date of the lease and ending on the third anniversary date. The Company determined that the purchase option is not reasonably certain of being exercised. The lease met the sales-type lease criteria because the present value of the lease payments was equal to substantially all of the fair value of the underlying asset on the lease commencement date. The Company recorded $60,984 in investment in a sales-type lease, net and derecognized $24,109 from land held for development in the consolidated balance sheets. The Company recognized $36,875 in selling profit from sales-type leases and $4,119 of direct costs to enter into the lease within transaction costs in the consolidated statements of operations for the year ended December 31, 2022. The interest income earned from sales-type leases is included in rental revenue in the consolidated statements of operations. The residual value of the land parcel at the end of the ground lease is estimated to equal its fair value on the commencement date of the lease of $60,984 because land values typically appreciate over time but the accounting guidance does not allow the residual value at the end of the lease to be in excess of the fair value at the commencement date of the lease. For the year ended December 31, 2023 and 2022, the interest income earned from sales-type leases of $7,427 and $1,936, respectively, is included in rental revenue In 2022, the Company had two tenants that exercised the purchase option within their lease for an aggregate purchase option price of $34,841. The purchase options were not reasonably certain to be exercised at the commencement date of each lease, resulting in modifications of the operating leases. As a result of these modifications to the leases, the Company re-evaluated the lease classifications and classified both leases as sales-type leases. The Company recognized an aggregate of $10,184 in selling profit from sales-type leases in its consolidated statements of operations related to these transactions for the year ended December 31, 2022. Rental Revenue Classification. The following table presents the Company’s classification of rental revenue for its operating and sales-type leases for the years ended December 31, 2023, 2022 and 2021: Years Ended December 31, Classification 2023 2022 2021 Fixed $ 275,186 $ 267,644 $ 287,552 Sales-type lease income 7,427 1,936 — Variable (1)(2) 51,607 44,412 52,392 Total $ 334,220 $ 313,992 $ 339,944 (1) Primarily comprised of tenant reimbursements. (2) Variable lease payments include termination revenue of $238 and $15,371 for the years ending December 31, 2022 and 2021, respectively. The Company did not recognize any termination revenue during the year ended December 31, 2023. Future fixed rental receipts for operating and sales-type leases, assuming no new or re-negotiated leases as of December 31, 2023 were as follows: Year ending December 31, Operating Sales-Type 2024 $ 264,322 $ 5,263 2025 254,347 5,473 2026 237,312 5,692 2027 201,098 5,920 2028 170,950 6,156 Thereafter 572,643 733,006 Total $ 1,700,672 $ 761,510 Difference between undiscounted cash flow and present value (697,985) Investment in a sales-type lease $ 63,525 The above minimum lease payments do not include reimbursements to be received from tenants for certain operating expenses and real estate taxes and do not include early termination payments provided for in certain leases, if not reasonably certain. Certain leases allow for the tenant to terminate the lease if the property is deemed obsolete, as defined, and upon payment of a termination fee to the landlord, as stipulated in the lease. In addition, certain leases provide the tenant with the right to purchase the leased property at fair market value or a stipulated price. Lessee The Company, as lessee, has ground leases, corporate leases for office space, and office equipment leases. All leases were classified as operating leases as of December 31, 2023. The leases have remaining lease terms of up to 33 years. Renewal periods are included in the lease term only when renewal is deemed to be reasonably certain. The lease term also includes periods covered by an option to terminate the lease if the Company is reasonably certain not to exercise the termination option. The Company measures its lease payments by including fixed rental payments and variable rental payments that tie to an index or a rate, such as CPI. The Company recognizes lease expense for its operating leases on a straight-line basis over the lease term and variable lease expense not included in the lease payment measurement as incurred. The accounting guidance under ASC 842 requires the Company to make certain assumptions and judgments in applying the guidance, including determining whether an arrangement includes a lease, determining the term of a lease when the contract has renewal or termination provisions and determining the discount rate. The Company determines whether an arrangement is or includes a lease at contract inception by evaluating whether the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. If the Company has the right to obtain substantially all of the economic benefits from and can direct the use of, the identified asset for a period of time, the Company accounts for the contract as a lease. The Company uses the information available at the lease commencement date to determine the discount rate for any new leases. The Company used a portfolio approach to determine its incremental borrowing rate. Lease contracts were grouped based on similar lease terms and economic environments in a manner in which the Company reasonably expects that the outcome from applying a portfolio approach does not differ materially from an individual lease approach. The Company estimated a collateralized discount rate for each portfolio of leases. Supplemental information related to operating leases is as follows: Years Ended December 31, 2023 2022 Weighted-average remaining lease term Operating leases (years) 8.7 9.4 Weighted-average discount rate Operating leases 4.0 % 4.0 % The components of lease expense for the years ended December 31, 2023, 2022 and 2021 were as follows: Income Statement Classification Fixed Variable Total 2023: Property operating $ 3,539 $ 7 $ 3,546 General and administrative 1,521 280 1,801 Total $ 5,060 $ 287 $ 5,347 2022: Property operating $ 3,543 $ — $ 3,543 General and administrative 1,520 122 1,642 Total $ 5,063 $ 122 $ 5,185 2021: Property operating $ 3,645 $ 3 $ 3,648 General and administrative 1,380 70 1,450 Total $ 5,025 $ 73 $ 5,098 The Company recognized sublease income of $3,320 for the years ended December 31, 2023 and 2022 and $3,425 in 2021. The following table shows the Company's maturity analysis of its operating lease liabilities as of December 31, 2023: Year ending December 31, Operating Leases 2024 $ 5,169 2025 5,174 2026 4,144 2027 3,643 2028 1,031 Thereafter 5,479 Total lease payments 24,640 Less: Imputed interest (4,407) Present value of lease liabilities $ 20,233

Allowance for Credit Loss

Allowance for Credit Loss	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
Allowance for Credit Losses	Allowance for Credit Loss During 2023 and 2022, the Company recognized $(32) and $93, respectively, of credit loss allowances resulting from an investment in a sales-type lease. There were no allowances for credit losses in 2021. As of December 31, 2023, the lessee in the sales-type lease remains current on their obligations to the Company and, therefore, the investment is not on non-accrual status. The following tables detail the allowance for credit loss as of December 31, 2023 and 2022: As of December 31, 2023 Amortized cost Allowance Net Investment Allowance as a % of Amortized Cost Investment in a sales-type lease $ 63,525 $ (61) $ 63,464 0.10 % As of December 31, 2022 Investment in a sales-type lease $ 61,326 $ (93) $ 61,233 0.15 % For the Twelve Months Ended December 31, 2023 Balance at Beginning of Period Write-Offs General Allowance Balance at End of Period Allowance for credit loss $ 93 $ — $ (32) $ 61 For the Twelve Months Ended December 31, 2022 Allowance for credit loss $ — $ — $ 93 $ 93

Mortgages and Notes Payable

Mortgages and Notes Payable	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Mortgages and Notes Payable	Mortgages and Notes Payable The Company had the following mortgages and notes payable outstanding as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Mortgages and notes payable $ 60,888 $ 73,154 Unamortized debt issuance costs (764) (1,051) $ 60,124 $ 72,103 Interest rates, including imputed rates on mortgages and notes payable, ranged from 3.5% to 4.3% at December 31, 2023 and 2022, respectively, and all mortgages and notes payable mature between 2028 and 2031 as of December 31, 2023. The weighted-average interest rate at December 31, 2023 and 2022 was approximately 4.0%, respectively. The Company has an unsecured credit agreement with KeyBank National Association, as agent. The maturity dates and interest rates as of December 31, 2023, are as follows: Maturity Date Interest Rate $600,000 Revolving Credit Facility (1) July 2026 SOFR + 0.85% $300,000 Term Loan (2) January 2027 Term SOFR + 1.00% (1) Maturity date of the revolving credit facility can be extended to July 2027, subject to certain conditions. The interest rate ranges from SOFR (plus a 0.10% index adjustment) plus 0.725% to 1.400%, and the revolving credit facility allows for further reductions upon the achievement of to-be-determined sustainability metrics. At December 31, 2023, the Company had no borrowings outstanding and availability of $600,000, subject to covenant compliance. (2) In November 2023, the Company amended the agreement governing the $300,000 term loan. The amendment, among other things, extends the maturity of the term loan from January 31, 2025 to January 31, 2027. The Term SOFR portion of the interest rate was swapped to obtain a current fixed rate of 2.722% per annum until January 31, 2025. The Company recognized $132 of debt satisfaction losses in connection with this transaction. The aggregate unamortized debt issuance costs for the term loan were $3,236 and $1,041 as of December 31, 2023 and 2022, respectively. The Company was compliant with all applicable financial covenants contained in its corporate-level debt agreements at December 31, 2023. Mortgages payable and secured loans are generally collateralized by real estate and the related leases. Certain mortgages payable have yield maintenance or defeasance requirements relating to any prepayments. Scheduled principal and balloon payments for mortgages, notes payable and term loan for the next five years and thereafter are as follows: Year ending December 31, Total 2024 $ 5,373 2025 5,570 2026 5,773 2027 305,984 2028 2,223 Thereafter 35,965 360,888 Unamortized debt issuance costs (4,000) $ 356,888 In addition, the Company capitalized $11,059, $7,235 and $2,974 of interest expense for the years ended 2023, 2022 and 2021, respectively.

Senior Notes, Convertible Notes

Senior Notes, Convertible Notes and Trust Preferred Securities	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Senior Notes, Convertible Notes and Trust Preferred Securities	Senior Notes, Convertible Notes and Trust Preferred Securities The Company had the following Senior Notes outstanding as of December 31, 2023 and 2022: Issue Date December 31, 2023 December 31, 2022 Interest Rate Maturity Date Issue Price November 2023 $ 300,000 $ — 6.750 % November 2028 99.423 % August 2021 400,000 400,000 2.375 % October 2031 99.758 % August 2020 400,000 400,000 2.70 % September 2030 99.233 % May 2014 198,932 198,932 4.40 % June 2024 99.883 % 1,298,932 998,932 Unamortized debt discount (4,489) (3,228) Unamortized debt issuance cost (8,298) (6,409) $ 1,286,145 $ 989,295 Each series of the senior notes is unsecured and requires payment of interest semi-annually in arrears. The Company may redeem the notes at its option at any time prior to maturity in whole or in part by paying the principal amount of the notes being redeemed plus a make-whole premium. In November 2023, the Company issued $300,000 aggregate principal amount of 6.750% Senior Notes due 2028 (“2028 Senior Notes”) at an issuance price of 99.423% of the principal amount. The Company issued the 2028 Senior Notes at an initial discount of $1,731, which is being recognized as additional interest expense over the term of the 2028 Senior Notes. The Company used the net proceeds to pay down amounts outstanding on its unsecured revolving credit facility and for general corporate purposes. A portion of the proceeds were invested on a short-term basis and the Company intends to use the investments to repay the 2014 Senior Notes at or near maturity. In August 2021, the Company issued $400,000 aggregate principal amount of 2.375% Senior Notes due 2031 (“2031 Senior Notes”) at an issuance price of 99.758% of the principal amount. The Company issued the 2031 Senior Notes at an initial discount of $968, which is being recognized as additional interest expense over the term of the 2031 Senior Notes. The Company used a portion of the net proceeds from the offering of the 2031 Senior Notes to redeem the $188,756 aggregate principal balance of its outstanding 4.25% Senior Notes due 2023 (“2023 Senior Notes”). The consideration paid included a make-whole premium of $12,191 and $2,028 of accrued and unpaid interest. The Company recognized a $12,948 debt satisfaction loss related to the aggregate redemptions. During 2007, the Company issued $200,000 original principal amount of Trust Preferred Securities. The Trust Preferred Securities, which are classified as debt, are due in 2037, are open for redemption at the Company's option, and bear interest at a variable rate of three month SOFR plus 26 basis points through maturity. The interest rate at December 31, 2023 was 7.352%. As of December 31, 2023 and 2022, there was $129,120 original principal amount of Trust Preferred Securities outstanding and $1,326 and $1,426, respectively, of unamortized debt issuance costs. Scheduled principal payments for these debt instruments for the next five years and thereafter are as follows: Year ending December 31, Total 2024 $ 198,932 2025 — 2026 — 2027 — 2028 300,000 Thereafter 929,120 1,428,052 Unamortized debt discounts (4,489) Unamortized debt issuance costs (9,624) $ 1,413,939

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Risk Management Objective of Using Derivatives . The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the type, amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. The Company's derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company's known or expected cash receipts and its known or expected cash payments principally related to the Company's investments and borrowings. Cash Flow Hedges of Interest Rate Risk . The Company's objectives in using interest rate derivatives are to add stability to interest expense, to manage its exposure to interest rate movements and therefore manage its cash outflows as it relates to the underlying debt instruments. To accomplish these objectives the Company primarily uses interest rate swaps as part of its interest rate risk management strategy relating to certain of its variable rate debt instruments. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. The Company did not incur any ineffectiveness during 2023 and 2022. During July 2022, the Company transitioned its four interest rate swap agreements with its counterparties to a benchmark rate of Term SOFR. The swaps were designated as cash flow hedges of the risk in variability attributable to changes in the Term SOFR swap rates on its $300,000 SOFR-indexed variable rate unsecured term loan. Accordingly, changes in fair value of the swaps are recorded in other comprehensive income (loss) and reclassified to earnings as interest becomes receivable or payable. The swaps expire in January 2025. During the next 12 months, the Company estimates that an additional $8,977 will be reclassified as a decrease to interest expense if the swaps remain outstanding. As of December 31, 2023, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: Interest Rate Derivative Number of Instruments Notional Interest Rate Swaps 4 $300,000 The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets. As of December 31, 2023 As of December 31, 2022 Derivatives designated as hedging instruments: Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest Rate Swaps Other Assets $ 9,471 Other Assets $ 16,318 The table below present the effect of the Company's derivative financial instruments on the consolidated statements of operations for 2023 and 2022: Derivatives in Cash Flow Amount of Gain Recognized Amount of (Income) Loss Reclassified from Accumulated OCI into Income (1) December 31, Hedging Relationships 2023 2022 2023 2022 Interest Rate Swap $ 3,496 $ 22,578 $ (10,343) $ (2) The Company's share of non-consolidated entity's interest rate cap 158 1,455 (1,517) (84) Total $ 3,654 $ 24,033 $ (11,860) $ (86) (1) Amounts reclassified from accumulated other comprehensive income (loss) to interest expense within the consolidated statements of operations. Total interest expense presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded was $46,389 and $45,417 for 2023 and 2022, respectively.

Concentration of Risk

Concentration of Risk	12 Months Ended
	Dec. 31, 2023
Risks and Uncertainties [Abstract]
Concentration of Risk	Concentration of Risk The Company seeks to reduce its operating and leasing risks through the geographic diversification of its properties in target markets, tenant industry diversification, avoidance of dependency on a single asset and the creditworthiness of its tenants. For the years ended December 31, 2023, 2022 and 2021, no single tenant represented greater than 10% of rental revenues. Cash and cash equivalent balances and certain short-term investments at certain institutions may exceed insurable amounts. The Company believes it mitigates this risk by investing in or through major financial institutions.

Equity

Equity	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Equity	Equity Shareholders' Equity: At-The-Market Offering Program. The Company maintains an At-The-Market offering program (“ATM program”) under which the Company can issue common shares, including through forward sales contracts. During 2023, there were no share issuances under the ATM program. During 2022, the Company issued 3,649,023 common shares previously sold on a forward basis in the first quarter of 2021 on the maturity date of the contracts and received $38,492 of net proceeds. During 2021, the Company amended the terms of its ATM offering program, under which the Company may, from time to time, sell up to $350,000 of common shares over the term of the program. As of December 31, 2023, common shares with an aggregate value of $294,985 remain available for issuance under the ATM program. Underwritten Equity Offerings. During 2021, the Company entered into forward sales contracts for the sale of 16,000,000 common shares at a public offering price of $12.11 per common share in an underwritten equity offering. The forward sale contracts were settled in December 2022, and the Company received $183,419 of net proceeds. The Company did not issue common shares as part of an underwritten offering in 2023. Stock Based Compensation. In addition, during the years ended December 31, 2023, 2022 and 2021, the Company issued 1,284,704, 930,602 and 949,573 of its common shares, respectively, to certain employees and trustees. Typically, trustee share grants vest immediately. Employee share grants generally vest ratably, on anniversaries of the grant date, however, in certain situations vesting is cliff-based after a specific number of years and/or subject to meeting certain performance criteria. Share Repurchase Program. In August 2022, the Company's Board of Trustees authorized the repurchase of up to an additional 10,000,000 common shares under the Company's share repurchase program, which does not have an expiration date. There were no common shares repurchased during 2023. During 2022, 12,102,074 common shares were repurchased and retired for an average price of $10.78 per share. As of December 31, 2023, 6,874,241 common shares remain available for repurchase under this authorization. The Company records a liability for repurchases that have not yet been settled as of the period end. There were no unsettled repurchases as of December 31, 2023. Series C Preferred Stock. The Company had 1,935,400 shares of Series C Cumulative Convertible Preferred Stock (“Series C Preferred”) outstanding at December 31, 2023. The shares have a dividend of $3.25 per share per annum, have a liquidation preference of $96,770, and the Company, if certain common share prices are achieved, can force conversion into common shares of the Company. As of December 31, 2023, each share was convertible into 2.4339 common shares. This conversion ratio may increase over time if the Company's common share dividend exceeds certain quarterly thresholds. If certain fundamental changes occur, holders may require the Company, in certain circumstances, to repurchase all or part of their shares of Series C Preferred. In addition, upon the occurrence of certain fundamental changes, the Company will, under certain circumstances, increase the conversion rate by a number of additional common shares or, in lieu thereof, may in certain circumstances elect to adjust the conversion rate upon the shares of Series C Preferred becoming convertible into shares of the public acquiring or surviving company. The Company may, at the Company's option, cause shares of Series C Preferred to be automatically converted into that number of common shares that are issuable at the then prevailing conversion rate. The Company may exercise its conversion right only if, at certain times, the closing price of the Company's common shares equals or exceeds 125% of the then prevailing conversion price of the Series C Preferred. Holders of shares of Series C Preferred generally have no voting rights, but will have limited voting rights if the Company fails to pay dividends for six or more quarters and under certain other circumstances. Upon conversion, the Company may choose to deliver the conversion value to investors in cash, common shares, or a combination of cash and common shares. A summary of the changes in accumulated other comprehensive income (loss) related to the Company's cash flow hedges is as follows: Years ended December 31, 2023 2022 Balance at beginning of period $ 17,689 $ (6,258) Other comprehensive income before reclassifications 3,654 24,033 Amounts of (income) reclassified from accumulated other comprehensive income to interest expense (11,860) (86) Balance at end of period $ 9,483 $ 17,689 Noncontrolling Interests. In conjunction with several of the Company's acquisitions in prior years, sellers were issued limited partner interests in LCIF OP units as a form of consideration. All OP units, other than OP units owned by the Company, were redeemable for common shares at certain times, at the option of the holders, and were generally not otherwise mandatorily redeemable by the Company. The OP units were classified as a component of permanent equity as the Company had determined that the OP units were not redeemable securities as defined by GAAP. Each OP unit was redeemable for approximately 1.13 common shares, subject to future adjustments. During 2023, 2022 and 2021, 832,571, 39,747 and 185,270 common shares, respectively, were issued by the Company, in connection with OP unit redemptions, for an aggregate book value of $3,393, $211 and $958, respectively. Included in the 2023 redemptions were 822,627 common shares issued with an aggregate value of approximately $7,800 to redeem the remaining OP units outstanding at December 31, 2023 to complete the Company's merger with LCIF. The Company is the surviving entity of the merger. The following discloses the effects of changes in the Company's ownership interests in its noncontrolling interests: Net Income Attributable to Shareholders and Transfers from Noncontrolling Interests 2023 2022 2021 Net income attributable to LXP Industrial Trust shareholders $ 30,383 $ 113,783 $ 382,648 Transfers from noncontrolling interests: Increase in additional paid-in-capital for reallocation of noncontrolling interests — — 435 Increase in additional paid-in-capital for redemption of noncontrolling OP units 3,393 211 958 Change from net income attributable to shareholders and transfers from noncontrolling interests $ 33,776 $ 113,994 $ 384,041

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2023
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]
Benefit Plans	Benefit Plans Non-vested share activity for the years ended December 31, 2023 and 2022, is as follows: Number of Weighted-Average Grant-Date Fair Balance at December 31, 2021 2,290,644 $ 7.17 Granted 860,665 10.97 Vested (951,472) 7.00 Forfeited (140,947) 9.21 Balance at December 31, 2022 2,058,890 8.70 Granted 1,191,697 7.97 Vested (526,453) 9.08 Forfeited (184,661) 6.34 Balance at December 31, 2023 2,539,473 $ 8.45 During 2023 and 2022, the Company granted common shares to certain employees and trustees as follows: 2023 2022 Performance Shares (1) Shares issued: Index 407,611 282,720 Peer 407,606 282,715 Grant date fair value per share: (2) Index $ 6.96 $ 9.40 Peer $ 6.50 $ 8.78 Non-Vested Common Shares: (3) Shares issued 376,480 295,230 Grant date fair value $ 4,010 $ 4,304 (1) The shares vest based on the Company's total shareholder return growth after a three-year measurement period relative to an index and a group of Company peers. Dividends will not be paid on these grants until earned. Once the performance criteria are met and the actual number of shares earned is determined, such shares vest immediately. During 2023, 266,812 of the 443,359 outstanding performance shares issued in 2020 vested. During 2022, all of the 552,121 performance shares issued in 2019 vested. (2) The fair value of grants was determined at the grant date using a Monte Carlo simulation model. (3) The shares vest ratably over a three-year service period. In addition, during 2023, 2022 and 2021, the Company issued 93,007, 69,937 and 50,245, respectively, of fully vested common shares to non-management members of the Company's Board of Trustees with a fair value of $939, $849 and $587, respectively. As of December 31, 2023, of the remaining 2,539,473 non-vested shares, 642,552 are subject to time-based vesting and 1,896,921 are subject to performance-based vesting. At December 31, 2023, there are 2,994,544 awards available for grant. The Company has $9,157 in unrecognized compensation costs relating to the non-vested shares that will be charged to compensation expense over an average of approximately 1.7 years. The Company has established a trust for a certain officer in which vested common shares granted for the benefit of the officers are deposited. The officer exerts no control over the common shares in the trust and the common shares are available to the general creditors of the Company. As of December 31, 2023 and 2022, there were 130,863 common shares in the trust. The Company sponsors a 401(k) retirement savings plan covering all eligible employees. The Company makes a discretionary matching contribution on a portion of employee participant salaries and, based on its profitability, may make an additional discretionary contribution at each fiscal year end to all eligible employees. These discretionary contributions are subject to vesting under a schedule providing for 25% annual vesting starting with the first year of employment and 100% vesting after four years of employment. Approximately $499, $480 and $426 of contributions are applicable to 2023, 2022 and 2021, respectively. During 2023, 2022 and 2021, the Company recognized $8,210, $6,636 and $6,554, respectively, in expense relating to scheduled vesting of common share grants.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions There were no related party transactions other than those disclosed elsewhere in the consolidated financial statements.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes relates primarily to the taxable income of the Company's taxable REIT subsidiaries. The earnings, other than in taxable REIT subsidiaries, of the Company are not generally subject to federal income taxes at the Company level due to the REIT election made by the Company. Income taxes have been provided for on the asset and liability method. Under the asset and liability method, deferred income taxes are recognized for the temporary differences between the financial reporting basis and the tax basis of assets and liabilities. The Company's provision for income taxes for the years ended December 31, 2023, 2022 and 2021 is summarized as follows: 2023 2022 2021 Current: Federal $ — $ — $ (26) State and local (774) (1,120) (1,267) Deferred federal 71 18 — Total $ (703) $ (1,102) $ (1,293) Net deferred tax asset of $89 and $18 are included in Other assets on the accompanying consolidated balance sheets at December 31, 2023 and 2022, respectively. This net deferred tax asset relates primarily to a net operating loss carryforward. The income tax provision differs from the amount computed by applying the statutory federal income tax rate to pre-tax operating income as follows: 2023 2022 2021 Federal provision at statutory tax rate (21%) $ 71 $ 18 $ (35) State and local taxes, net of federal benefit — — — Other (774) (1,120) (1,258) Total $ (703) $ (1,102) $ (1,293) For the years ended December 31, 2023, 2022 and 2021, the “other” amount is comprised primarily of state franchise taxes of $774, $1,121 and $1,267, respectively. As of December 31, 2023 and 2022, the Company had estimated net operating loss carry forward for income tax reporting purposes of $423 and $84, respectively. A summary of the average taxable nature of the Company's common dividends for each of the years in the three-year period ended December 31, 2023, is as follows: 2023 2022 2021 Total dividends per share $ 0.50 $ 0.48 $ 0.43 Ordinary income 71.67 % 81.26 % 65.89 % Qualifying dividend — % — % 0.1 % Capital gain — % — % — % Return of capital 28.33 % 18.74 % 34.01 % 100.00 % 100.00 % 100.00 % A summary of the average taxable nature of the Company's dividend on shares of its Series C Preferred for each of the years in the three-year period ended December 31, 2023, is as follows: 2023 2022 2021 Total dividends per share $ 3.25 $ 3.25 $ 3.25 Ordinary income 100.00 % 100.00 % 99.84 % Qualifying dividend — % — % 0.16 % Capital gain — % — % — % Return of capital — % — % — % 100.00 % 100.00 % 100.00 %

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In addition to the commitments and contingencies disclosed elsewhere, the Company has the following commitments and contingencies. The Company is obligated under certain tenant leases, including its proportionate share for leases for non-consolidated entities, to fund the expansion of the underlying leased properties. The Company, under certain circumstances, may guarantee to tenants the completion of base building improvements and the payment of tenant improvement allowances and lease commissions on behalf of its subsidiaries. As of December 31, 2023, we expect to incur approximately $53,200, excluding noncontrolling interests' share and potential developer fees or partner buyouts, to substantially fund the consolidated development project commitments. As of December 31, 2023, the Company had interests in various industrial land parcels held for development. The Company is unable to estimate the timing of any required funding for the potential development projects on these parcels. From time to time, the Company is directly or indirectly involved in legal proceedings arising in the ordinary course of business. Management believes, based on currently available information, and after consultation with legal counsel, that although the outcomes of those normal course proceedings are uncertain, the results of such proceedings, in the aggregate, will not have a material adverse effect on the Company's business, financial condition and results of operations.

Supplemental Disclosure of Stat

Supplemental Disclosure of Statement of Cash Flow Information	12 Months Ended
	Dec. 31, 2023
Supplemental Cash Flow Information [Abstract]
Supplemental Disclosure of Statement of Cash Flow Information	Supplemental Disclosure of Statement of Cash Flow Information 2023 2022 2021 Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents at beginning of period $ 54,390 $ 190,926 $ 178,795 Restricted cash at beginning of period 116 101 626 Cash, cash equivalents and restricted cash at beginning of period $ 54,506 $ 191,027 $ 179,421 Cash and cash equivalents at end of period $ 199,247 $ 54,390 $ 190,926 Restricted cash at end of period 216 116 101 Cash, cash equivalents and restricted cash at end of period $ 199,463 $ 54,506 $ 191,027 In addition to disclosures discussed elsewhere, during 2023, 2022 and 2021, the Company paid $51,763, $48,675 and $44,234, respectively, for interest and $951, $1,265 and $1,569, respectively, for income taxes. For the year ended December 31, 2023, 2022 and 2021, the Company accrued additions for capital projects of $21,052, $42,962 and $41,100, respectively. In 2023, LCIF merged with and into the Company. The consideration included the conversion of the remaining OP units outstanding valued at approximately $7,800. In 2023, a wholly owned subsidiary of the Company purchased a parcel of land from Etna Park 70, LLC, which the Company has a 90% ownership interest. The transaction generated a gain on sale that the Company recognized as a $1,392 non-cash decrease to the basis acquired. In 2023, the Company's ground lease related to an office property in Palo Alto, California expired and the lease hold improvements were conveyed back to the ground owner resulting in a non-cash decrease in real estate, at cost and accumulated depreciation and amortization of $29,375. In 2021, LCIF disposed of three real estate assets. The consideration included the redemption of OP units valued at $22,305 and the assumption of the aggregate related non-recourse mortgage debt of $11,610. In 2021, as a result of the formation of the MFG Cold JV, the Company recognized a non-cash increase to investments in non-consolidated entities of $28,075 for its 20% interest in MFG Cold JV. Additionally, MFG Cold JV assumed a mortgage loan encumbering one property resulting in a non-cash decrease of $25,850 to mortgages and notes payable, net. The acquisition of the RR Ocala 44, LLC joint venture in 2021 included a $489 non-cash increase to investments in real estate under construction and the noncontrolling interest because a member of the joint venture made a non-cash contribution of the land in exchange for its ownership interest in the joint venture. In 2021, the Company entered into a new lease and exercised an extension option on a lease resulting in an aggregate non-cash increase of $1,589 to the related operating lease liabilities and right of use assets.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation and Amortization	12 Months Ended
	Dec. 31, 2023
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III	Description Location Encumbrances Land and Land Estates Buildings and Improvements Total Accumulated Depreciation and Amortization (1) Date Acquired Date Constructed WAREHOUSE/DISTRIBUTION PROPERTIES Stabilized: Industrial Chandler, AZ $ — $ 10,733 $ 69,517 $ 80,250 $ 10,236 Nov-20 Industrial Goodyear, AZ — 5,247 36,115 41,362 8,388 Nov-18 Industrial Goodyear, AZ 40,193 11,970 50,072 62,042 9,099 Nov-19 Industrial Goodyear, AZ — 1,614 16,222 17,836 2,633 Jan-20 Industrial Goodyear, AZ — 11,732 52,840 64,572 4,654 Nov-21 2021 Industrial Goodyear, AZ — 7,552 29,621 37,173 1,304 Sep-21 2023 Industrial Phoenix, AZ — 8,027 78,258 86,285 7,358 Dec-21 Industrial Phoenix, AZ — 5,366 50,281 55,647 3,674 Apr-22 Industrial Tolleson, AZ — 3,311 16,013 19,324 3,001 Oct-19 Industrial Lakeland, FL — 1,416 20,986 22,402 2,612 Jan-21 Industrial Ocala, FL — 4,113 50,034 54,147 7,667 Jun-20 Industrial Orlando, FL — 1,030 10,869 11,899 5,210 Dec-06 Industrial Plant City, FL — 2,610 48,433 51,043 5,454 Dec-21 Industrial Tampa, FL — 2,160 11,109 13,269 8,489 Jul-88 Industrial Adairsville, GA — 1,465 23,950 25,415 2,182 Dec-21 Industrial Austell, GA — 3,251 51,518 54,769 14,361 Jun-19 Industrial Cartersville, GA — 2,497 42,242 44,739 3,802 Dec-21 Industrial Cartersville, GA — 2,006 33,279 35,285 2,919 Dec-21 Industrial Fairburn, GA — 7,209 44,030 51,239 4,288 Nov-21 2021 Industrial McDonough, GA — 5,441 52,790 58,231 14,062 Aug-17 Industrial McDonough, GA — 3,253 31,387 34,640 6,641 Feb-19 Industrial Pooler, GA — 1,690 30,356 32,046 4,997 Apr-20 Industrial Rincon, GA — 3,775 34,357 38,132 4,941 Sep-20 Industrial Savannah, GA — 2,560 25,812 28,372 3,970 Jun-20 Industrial Savannah, GA — 1,070 7,458 8,528 1,151 Jun-20 Industrial Union City, GA — 2,536 22,830 25,366 4,536 Jun-19 Industrial Edwardsville, IL — 4,593 34,817 39,410 10,120 Dec-16 Industrial Edwardsville, IL — 3,649 41,338 44,987 10,253 Jun-18 Industrial Minooka, IL — 1,788 34,301 36,089 5,614 Jan-20 Industrial Minooka, IL — 3,432 40,949 44,381 7,100 Dec-19 Industrial Minooka, IL — 3,681 45,817 49,498 7,746 Jan-20 Industrial Rantoul, IL — 1,304 32,562 33,866 8,947 Jan-14 2014 Industrial Rockford, IL — 371 4,624 4,995 1,282 Dec-06 Industrial Rockford, IL — 509 5,921 6,430 2,548 Dec-06 Industrial Lafayette, IN — 662 15,814 16,476 5,033 Oct-17 Industrial Lebanon, IN — 2,100 29,996 32,096 8,475 Feb-17 Industrial Whiteland, IN — 741 14,486 15,227 1,413 Oct-21 Industrial Whiteland, IN — 1,991 39,334 41,325 3,952 Oct-21 Industrial Whiteland, IN — 695 13,956 14,651 1,359 Oct-21 Industrial Whitestown, IN — 1,162 11,825 12,987 1,510 Jan-21 Industrial Whitestown, IN — 1,954 17,011 18,965 3,663 Jan-19 Industrial Whitestown, IN — 1,208 12,052 13,260 1,543 Jan-21 Industrial Whitestown, IN — 8,335 80,054 88,389 7,391 Dec-21 Industrial New Century, KS — — 13,424 13,424 4,131 Feb-17 Industrial Walton, KY — 2,010 23,837 25,847 1,986 Feb-22 Industrial Walton, KY — 4,197 41,043 45,240 3,312 Feb-22 Industrial Minneapolis, MN — 1,886 1,922 3,808 677 Sep-12 Industrial Byhalia, MS — 1,006 35,795 36,801 11,789 May-11 2011 Industrial Byhalia, MS — 1,751 31,452 33,203 11,269 Sep-17 Industrial Canton, MS — 5,077 71,289 76,366 29,939 Mar-15 Industrial Olive Branch, MS — 2,500 48,907 51,407 11,159 Apr-18 Industrial Olive Branch, MS — 1,958 38,702 40,660 10,289 Apr-18 Industrial Olive Branch, MS — 2,646 40,446 43,092 7,979 May-19 Industrial Olive Branch, MS — 851 15,630 16,481 3,029 May-19 Description Location Encumbrances Land and Land Estates Buildings and Improvements Total Accumulated Depreciation and Amortization (1) Date Acquired Date Constructed Industrial Shelby, NC — 1,421 18,862 20,283 8,389 Jun-11 2011 Industrial Statesville, NC — 891 21,994 22,885 8,767 Dec-06 Industrial Erwin, NY — 1,648 12,514 14,162 5,424 Sep-12 Industrial Long Island City, NY 20,695 — 42,759 42,759 30,823 Mar-13 2013 Industrial Chillicothe, OH — 735 12,464 13,199 5,175 Oct-11 Industrial Columbus, OH — 2,251 25,349 27,600 2,601 Aug-21 Industrial Etna, OH — 6,536 57,988 64,524 386 Nov-21 2023 Industrial Glenwillow, OH — 2,228 24,530 26,758 10,767 Dec-06 Industrial Hebron, OH — 1,803 15,128 16,931 3,106 Dec-97 Industrial Hebron, OH — 2,052 14,312 16,364 5,098 Dec-01 Industrial Lockbourne, OH — 2,800 16,678 19,478 2,288 Mar-21 2021 Industrial Monroe, OH — 1,109 16,477 17,586 1,855 Dec-21 Industrial Monroe, OH — 544 14,120 14,664 2,617 Sep-19 Industrial Monroe, OH — 3,123 60,702 63,825 11,740 Sep-19 Industrial Monroe, OH — 3,950 88,422 92,372 16,467 Sep-19 Industrial Streetsboro, OH — 2,441 25,351 27,792 13,520 Jun-07 Industrial Bristol, PA — 2,508 15,863 18,371 10,460 Mar-98 Industrial Duncan, SC — 2,819 24,509 27,328 2,646 Jul-21 Industrial Duncan, SC — 1,169 23,070 24,239 2,448 Jul-21 Industrial Duncan, SC — 1,016 18,328 19,344 1,915 Jul-21 Industrial Duncan, SC — 1,705 27,817 29,522 2,971 Jul-21 Industrial Duncan, SC — 1,406 14,282 15,688 2,639 Oct-19 Industrial Duncan, SC — 1,257 13,439 14,696 2,459 Oct-19 Industrial Duncan, SC — 1,615 27,830 29,445 5,747 Apr-19 Industrial Greer, SC — 1,329 22,393 23,722 2,387 Jun-21 Industrial Greer, SC — 6,959 78,405 85,364 13,323 Dec-19 Industrial Greer, SC — 2,376 32,129 34,505 3,437 Jun-21 Industrial Greer, SC — 2,484 62,591 65,075 3,131 Jul-21 2022 Industrial Greer, SC — 1,795 19,881 21,676 133 Jul-21 2023 Industrial Spartanburg,SC — 1,447 23,758 25,205 6,519 Aug-18 Industrial Spartanburg, SC — 1,186 15,820 17,006 2,090 Dec-20 Industrial Antioch, TN — 3,847 17,591 21,438 6,632 May-07 Industrial Cleveland, TN — 1,871 29,743 31,614 8,652 May-17 Industrial Jackson, TN — 1,454 49,134 50,588 13,148 Sep-17 Industrial Lewisburg, TN — 173 10,865 11,038 3,280 May-14 Industrial Millington, TN — 723 20,664 21,387 16,213 Apr-05 Industrial Smyrna, TN — 1,793 93,940 95,733 25,769 Sep-17 Industrial Carrollton, TX — 3,228 16,234 19,462 5,190 Sep-18 Industrial Dallas, TX — 2,420 23,644 26,064 4,621 Apr-19 Industrial Deer Park, TX — 6,489 28,470 34,959 3,312 May-21 Industrial Grand Prairie, TX — 3,166 17,985 21,151 5,069 Jun-17 Industrial Houston, TX — 15,055 57,949 73,004 19,390 Mar-13 Industrial Hutchins, TX — 1,307 8,472 9,779 1,352 May-20 Industrial Lancaster, TX — 3,847 25,037 28,884 3,293 Dec-20 Industrial Missouri City, TX — 14,555 5,895 20,450 5,895 Apr-12 Industrial Northlake, TX — 4,500 71,636 76,136 11,739 Feb-20 Industrial Northlake, TX — 3,938 37,189 41,127 5,129 Dec-20 Industrial Pasadena, TX — 4,272 22,295 26,567 2,567 May-21 Industrial Pasadena, TX — 2,202 17,135 19,337 2,583 Jun-20 Industrial Pasadena, TX — 1,792 9,089 10,881 1,036 May-21 Industrial Pasadena, TX — 4,057 17,810 21,867 4,327 Aug-18 Industrial San Antonio, TX — 1,311 36,644 37,955 10,245 Jun-17 Industrial Chester, VA — 8,544 53,067 61,611 13,391 Dec-18 Industrial Winchester, VA — 1,988 32,536 34,524 8,351 Dec-17 Industrial Winchester, VA — 2,818 24,422 27,240 3,567 Sep-20 Industrial Winchester, VA — 3,823 12,498 16,321 5,857 Jun-07 Description Location Encumbrances Land and Land Estates Buildings and Improvements Total Accumulated Depreciation and Amortization (1) Date Acquired Date Constructed NON-STABILIZED PROPERTIES Industrial Ruskin, FL — 1,961 6,024 7,985 20 Apr-22 2023 Industrial Lancaster, TX — 2,100 12,918 15,018 284 Jul-23 2023 OTHER PROPERTIES Other Baltimore, MD — 4,605 — 4,605 — Dec-06 Construction in progress 1,772 Deferred loan costs, net (764) $ 60,124 $ 348,133 $ 3,424,334 $ 3,774,239 $ 713,377 (1) Depreciation and amortization expense is calculated on a straight-line basis over the following lives: Building and improvements Up to 40 years Land estates Up to 51 years Tenant improvements Shorter of useful life or term of related lease The initial cost includes the purchase price paid directly or indirectly by the Company. The total cost basis of the Company's properties at December 31, 2023 for federal income tax purposes was approximately $4.4 billion. 2023 2022 2021 Reconciliation of real estate, at cost: Balance at the beginning of year $ 3,691,066 $ 3,583,978 $ 3,514,564 Additions during year 164,489 229,962 860,311 Properties sold and impaired during the year (174,466) (161,393) (653,247) Other reclassifications 93,150 38,519 (137,650) Balance at end of year $ 3,774,239 $ 3,691,066 $ 3,583,978 Reconciliation of accumulated depreciation and amortization: Balance at the beginning of year $ 627,027 $ 504,699 $ 684,468 Depreciation and amortization expense 147,617 144,163 138,879 Accumulated depreciation and amortization of properties sold and impaired during year (100,474) (43,521) (244,751) Other reclassifications 39,207 21,686 (73,897) Balance at end of year $ 713,377 $ 627,027 $ 504,699

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net income attributable to LXP Industrial Trust shareholders	$ 30,383	$ 113,783	$ 382,648

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation. The Company's consolidated financial statements are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles (“GAAP”). The financial statements reflect the accounts of the Company and its consolidated subsidiaries. The Company consolidates wholly-owned subsidiaries, partnerships and joint ventures which it controls (i) through voting rights or similar rights or (ii) by means other than voting rights if the Company is the primary beneficiary of a variable interest entity (“VIE”). Entities which the Company does not control and entities which are VIEs in which the Company is not a primary beneficiary are accounted for under appropriate GAAP.
Revenue Recognition	Revenue Recognition.
Earnings Per Share	Earnings Per Share . Basic net income (loss) per share is computed under the two-class method by dividing net income (loss) reduced by preferred dividends and amounts allocated to certain non-vested share-based payment awards, if applicable, by the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share amounts are similarly computed but include the effect, when dilutive, of in-the-money common share options and non-vested common shares, unsettled common shares sold in forward sales transactions, OP units and put options of certain convertible securities.
Use of Estimates	Use of Estimates. 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 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 estimate of credit losses for investments in sales-type leases and the useful lives of long-lived assets. Actual results could differ materially from those estimates.
Acquisition of Real Estate	Acquisition of Real Estate. The fair value of the real estate acquired, which includes the impact of fair value adjustments for assumed mortgage debt related to property acquisitions, is allocated to the acquired tangible assets, consisting of land, building and improvements and identified intangible assets and liabilities, consisting of the value of above-market and below-market leases, other value of in-place leases and value of tenant relationships, based in each case on their fair values. The Company's acquisitions are primarily considered asset acquisitions, thus acquisition costs are capitalized. The fair value of the tangible assets of an acquired property (which includes land, building and improvements and fixtures and equipment) is determined by valuing the property as if it were vacant. The “as-if-vacant” value is then allocated to land and building and improvements based on management's determination of relative fair values of these assets. Factors considered by management in performing these analyses include an estimate of carrying costs during the expected lease-up periods considering current market conditions and costs to execute similar leases. In estimating carrying costs, management includes real estate taxes, insurance and other operating expenses and estimates of lost rental revenue during the expected lease-up periods based on current market demand. Management also estimates costs to execute similar leases including leasing commissions. Management generally retains a third party to assist in the allocations. In allocating the fair value of the identified intangible assets and liabilities of an acquired property, above-market and below-market lease values are recorded based on the difference between the current in-place lease rent and management's estimate of current market rents. Below-market lease intangibles are recorded as part of deferred revenue and amortized into rental revenue over the non-cancelable periods and bargain renewal periods of the respective leases. Above-market leases are recorded as part of intangible assets and amortized as a direct charge against rental revenue over the non-cancelable portion of the respective leases. The aggregate value of other acquired intangible assets, consisting of in-place leases and tenant relationship values, is measured based on the lease revenue and market value of lease up costs avoided as a result of having an in-place lease on the acquisition date. This aggregate value is allocated between in-place lease values and tenant relationship values based on management's evaluation of the specific characteristics of each tenant's lease. The value of in-place leases is amortized to expense over the remaining non-cancelable periods and any bargain renewal periods of the respective leases. The value of tenant relationships is amortized to expense over the applicable lease term plus expected renewal periods. Depreciation is determined by the straight-line method over the remaining estimated economic useful lives of the properties. The Company generally depreciates its real estate assets over periods ranging up to 40 years.
Impairment of Real Estate	Impairment of Real Estate. The Company evaluates the carrying value of all tangible and intangible real estate assets held for investment for possible impairment when an event or change in circumstance has occurred that indicates its carrying value may not be recoverable. The Company considers the strategic decisions regarding the future plans to sell properties and other market factors. The Company regularly updates significant estimates and assumptions including rental rates, capitalization rates and discount rates, which are included in the anticipated future undiscounted cash flows derived from the asset. If such cash flows are less than the asset's carrying value, an impairment charge is recognized to the extent by which the asset's carrying value exceeds its estimated fair value, which may be below the balance of any non-recourse financing. Estimating future cash flows and fair values is highly subjective and such estimates could differ materially from actual results.
Investments in Non-Consolidated Entities	Investments in Non-Consolidated Entities . The Company uses the equity method of accounting for those joint ventures where it exercises significant influence but does not have control. If the Company's investment in the entity is insignificant and the Company has no influence over the control of the entity then the entity is accounted for under the cost method.
Impairment of Equity Method Investments	Impairment of Equity Method Investments. The Company assesses whether there are indicators that the value of its equity method investments may be impaired. An impairment charge is recognized only if the Company determines that a decline in the value of the investment below its carrying value is other-than-temporary. The assessment of impairment is highly subjective and involves the application of significant assumptions and judgments about the Company's intent and ability to recover its investment given the nature and operations of the underlying investment, including the level of the Company's involvement therein, among other factors. To the extent an impairment is deemed to be other-than-temporary, the loss is measured as the excess of the carrying amount of the investment over the estimated fair value of the investment.
Fair Value Measurements	Fair Value Measurements. The Company follows the guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures (“Topic 820”), to determine the fair value of financial and non-financial instruments. Topic 820 defines fair value, establishes a framework for measuring fair value in GAAP and expands disclosures about fair value measurements. Topic 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three levels: Level 1 - quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities; Level 2 - observable prices that are based on inputs not quoted in active markets, but corroborated by market data; and Level 3 - unobservable inputs, which are used when little or no market data is available. The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible, as well as considering counterparty credit risk. The Company has formally elected to apply the portfolio exception within Topic 820 with respect to measuring counterparty risk for all of its derivative transactions subject to master netting arrangements. The Company estimates the fair value of its real estate assets, including non-consolidated real estate assets, by using income and market valuation techniques. The Company may estimate fair values using market information such as recent sale contracts (Level 2 inputs) or recent sale offers or discounted cash flow models, which primarily rely on Level 3 inputs. The cash flow models include estimated cash inflows and outflows over a specified holding period. These cash flows may include contractual rental revenues, projected future rental revenues and expenses and forecasted tenant improvements and lease commissions based upon market conditions determined through discussion with local real estate professionals, experience the Company has with its other owned properties in such markets and expectations for growth. Capitalization rates and discount rates utilized in these models are estimated by management based upon rates that management believes to be within a reasonable range of current market rates for the respective properties based upon an analysis of factors such as property and tenant quality, geographical location and local supply and demand observations. To the extent the Company under-estimates forecasted cash out flows (tenant improvements, lease commissions and operating costs) or over-estimates forecasted cash inflows (rental revenue rates), the estimated fair value of its real estate assets could be overstated.
Cost Capitalization	Cost Capitalization. The Company capitalizes direct and indirect project costs associated with construction of a property or improvements, including interest and compensation costs of employees directly contributing to the completion of each construction project, up to the time the property is substantially complete and ready for its intended use. These costs are included within investments in real estate under construction for development projects and in construction in progress within real estate, at cost for improvements in the consolidated balance sheets. If activities and costs incurred to ready the vacant space cease, then cost capitalization is also discontinued until such activities are resumed. Once construction is substantially complete on a vacant space and it is ready for its intended use, costs are no longer capitalized. The Company will reclassify a development project to real estate, at cost from investments in real estate under construction once in service upon stabilization. The Company considers stabilization to occur upon the earlier of 90% occupancy of the property or one-year from cessation of major construction activities. If some portions of a development project are substantially complete and ready for use and other portions have not yet reached that stage, we cease capitalizing costs on the completed portion of the project but continue to capitalize costs for the incomplete portion. When a portion of the development project is substantially complete and ready for its intended use, the project is placed into service and depreciation commences.
Properties Held For Sale	Properties Held For Sale. Assets and liabilities of properties that meet various held for sale criteria, including whether it is probable that a sale will occur within 12 months, are presented separately in the consolidated balance sheets. Properties are held for sale for a period longer than 12 months if events or circumstances out of the Company's control occur that delay the sale and while management continues to be committed to the plan of sale and is performing actions necessary to respond to the conditions causing the delay the properties held for sale remain salable in their current condition. The operating results of these properties are reflected as discontinued operations in the consolidated statements of operations only if the sale of these assets represents a major strategic shift in operations; if not, the operating results are included in continuing operations. Properties classified as held for sale are carried at the lower of net carrying value or estimated fair value less costs to sell and depreciation and amortization are no longer recognized. Held for sale properties are evaluated quarterly to ensure that properties continue to meet the held for sale criteria. If properties are required to be reclassified from held for sale to held for use due to changes to a plan of sale, they are recorded at the lower of fair value or the carrying amount before the property was classified as held for sale, adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used. Properties that do not meet the held for sale criteria are accounted for as operating properties.
Deferred Expenses	Deferred Expenses. Deferred expenses consist primarily of revolving line of credit debt and leasing costs. Debt costs are amortized using the straight-line method, which approximates the interest method, over the terms of the debt instruments and leasing costs are amortized over the term of the related lease.
Investment in Sales-Type Leases	Investment in Sales-Type Leases . Investments in sales-type leases are accounted for under ASC 842 “Leases” (“ASC 842”). Upon lease commencement or lease modification, the Company assesses lease classification to determine whether the lease should be classified as a direct financing, sales-type or operating lease. As required by ASC 842, the Company separately assesses the land and building components of the property to determine the classification of each component unless the effect of separately accounting for the land component will be insignificant. If the lease is determined to be a direct financing or sales-type lease, the Company records a net investment in the lease, which is equal to the sum of the lease receivable and the unguaranteed residual asset, discounted at the rate implicit in the lease. Any difference between the fair value of the asset and the net investment in the lease is considered selling profit or loss and is either recognized upon execution of the lease or deferred and recognized over the life of the lease, depending on the lease classification and the collectability of the minimum lease payments. Initial direct costs are recognized as an expense if, at the commencement date, the fair value of the underlying asset is different from its carrying amount. If the fair value of the underlying asset equals its carrying amount, initial direct costs are deferred at the commencement date and included in the measurement of the net investment in the lease.
Allowance for Credit Losses	Allowance for Credit Losses. On January 1, 2020, the Company adopted ASC 326 “Financial Instruments-Credit Losses” (“ASC 326” or “CECL”), which requires that the Company measures and records current expected credit losses for its investments, the scope of which includes investment in sales-type leases in its consolidated balance sheets. The Company has elected to use a discounted cash flow model to estimate the allowance for credit losses. This model requires us to develop cash flows which is used to project estimated credit losses over the life of the lease and discount these cash flows at the asset’s effective interest rate. The Company then records an allowance equal to the difference between the amortized cost basis of the asset and the present value of the expected credit loss cash flows. Expected losses within the Company's cash flows are determined by estimating the probability of default of the tenant and their parent guarantors over the term of the lease. The Company evaluates the collectability of its investment in sales-type leases, net based various probability weighted default scenarios that include, but are not limited to, current payment status, the financial strength of its tenant and its parent guarantors, current economic conditions and 20 years of historical information on corporate defaults. The Company is unable to use its historical data to estimate losses as it has no relevant loss history to date. The allowance is recorded as a reduction to our investment in sales-type leases, net, on the consolidated balance sheets. The Company is required to update its allowance on a quarterly basis with the resulting change being recorded in the consolidated statement of operations for the relevant period. The Company regularly evaluates the extent and impact of any credit deterioration that could affect performance and the value its investment in sales-type leases, as well as the financial and operating capability of the tenant. The Company also evaluates the tenant’s competency in managing and operating the secured property and considers the overall economic environment, real estate sector and geographic sub-market in which the secured property is located. If a tenant's credit deteriorates and it defaults under the terms of the sales-type lease, the Company puts the lease in non-accrual status until it is determined that all payments under the lease are probable of being collected. Write-offs are deducted from the allowance in the period in which they are deemed uncollectible. Recoveries previously written off are recorded when received.
Derivative Financial Instruments	Derivative Financial Instruments . The Company accounts for its interest rate swap agreements in accordance with FASB ASC Topic 815, Derivatives and Hedging (“Topic 815”). In accordance with Topic 815, these agreements are carried on the balance sheet at their respective fair values, as an asset if fair value is positive, or as a liability if fair value is negative. If the interest rate swap is designated as a cash flow hedge, the portion of the interest rate swap's change in fair value is reported as a component of other comprehensive income (loss). The Company also accounts for its share of cash flow hedges from non-consolidated entities as part of investment in non-consolidated entities and accumulated other comprehensive income (loss). Upon entering into hedging transactions, the Company documents the relationship between the interest rate swap agreement and the hedged item. The Company also documents its risk-management policies, including objectives and strategies, as they relate to its hedging activities. The Company assesses, both at inception of a hedge and on an ongoing basis, whether or not the hedge is highly effective. The Company will discontinue hedge accounting on a prospective basis with changes in the estimated fair value reflected in earnings when (1) it is determined that the derivative is no longer effective in offsetting cash flows of a hedged item (including forecasted transactions), (2) it is no longer probable that the forecasted transaction will occur or (3) it is determined that designating the derivative as an interest rate swap is no longer appropriate. The Company does and may continue to utilize interest rate swap and cap agreements to manage interest rate risk, but does not anticipate entering into derivative transactions for speculative trading purposes.
Stock Compensation	Stock Compensation. The Company maintains an equity participation plan. Non-vested share grants generally vest either based upon (1) time, (2) performance and/or (3) market conditions. All share-based payments to employees are recognized in the consolidated statements of operations based on their fair values. The Company has made an accounting policy election to account for share-based award forfeitures in compensation costs when they occur.
Tax Status	Tax Status. The Company has made an election to qualify, and believes it is operating so as to qualify, as a REIT for federal income tax purposes. Accordingly, the Company generally will not be subject to federal income tax, provided that distributions to its shareholders equal at least the amount of its REIT taxable income as defined under Sections 856 through 860 of the Code. The Company is permitted to participate in certain activities from which it was previously precluded in order to maintain its qualification as a REIT, so long as these activities are conducted in entities which elect to be treated as taxable REIT subsidiaries under the Code. As such, the Company is subject to federal and state income taxes on the income from these activities. Income taxes, primarily related to the Company's taxable REIT subsidiaries, are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis and operating loss and tax credit carry-forwards. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled.
Cash and Cash Equivalents	Cash and Cash Equivalents. The Company considers all highly liquid instruments with maturities of three months or less from the date of purchase to be cash equivalents.
Restricted Cash	Restricted Cash. Restricted cash is comprised primarily of cash balances held by lenders.
Short-Term Investments	Short-Term Investments.
Environmental Matters	Environmental Matters.
Segment Reporting	Segment Reporting. The Company operates generally in one industry segment, single-tenant real estate assets.
Reclassifications	Reclassifications . Certain amounts included in prior years' financial statements have been reclassified to conform to the current year's presentation.
Recently Issued Accounting Guidance	Recently Issued Accounting Guidance . In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848). ASU 2020-04 contains practical expedients for reference rate reform related activities that impact debt, leases, derivatives and other contracts that reference the London Interbank Offered Rate, or LIBOR, or another reference rate expected to be discontinued because of reference rate reform. The guidance in ASU 2020-04 is optional, applies for a limited period of time to ease the potential burden in accounting for (or recognizing the effect of) reference rate reform on financial reporting, in response to concerns about structural risks of interbank offered rates, and, particularly, the risk of cessation of LIBOR and may be elected over time as reference rate reform activities occur. As of March 31, 2020, the Company has elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. On July 5, 2022, the Company transitioned its benchmark interest rate for its term loan from LIBOR to the Secured Overnight Financing Rate, or SOFR. The Company adopted ASU 2020-04 and the adoption of this standard did not have an impact on the Company's consolidated financial statements. During 2023, the Company's Trust Preferred Securities transitioned from LIBOR to SOFR. The impact on the financial statements was immaterial as a result of the transition. In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). ASU 2023-07 requires disclosure of significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within the segment measure of profit or loss, an amount and description of its composition for other segment items to reconcile to segment profit or loss, and the title and position of the entity's CODM. ASU 2023-07 will be effective retrospectively for fiscal years beginning after December 15, 2023 and interim periods beginning after December 15, 2024. The Company will continue to evaluate the impact of the guidance on our consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Variable Interest Entities	Below is a summary of selected financial data of consolidated VIEs for which the Company is the primary beneficiary included in the consolidated balance sheets as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Real estate, net $ 535,118 $ 1,027,009 Total assets $ 626,442 $ 1,125,558 Total liabilities $ 19,549 $ 40,200

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for each of the years in the three-year period ended December 31, 2023: 2023 2022 2021 BASIC: Net income attributable to common shareholders $ 23,863 $ 107,307 $ 375,848 Weighted-average number of common shares outstanding 290,245,877 279,887,760 277,640,835 Net income attributable to common shareholders - per common share basic $ 0.08 $ 0.38 $ 1.35 2023 2022 2021 DILUTED: Net income attributable to common shareholders - basic $ 23,863 $ 107,307 $ 375,848 Impact of assumed conversions (58) 156 7,962 Net income attributable to common shareholders $ 23,805 $ 107,463 $ 383,810 Weighted-average common shares outstanding - basic 290,245,877 279,887,760 277,640,835 Effect of dilutive securities: Unvested share-based payment awards and options 127,251 457,597 989,177 Shares issuable under forward sales agreements — 1,274,842 2,110,315 Operating Partnership Units 820,386 853,259 1,918,845 Series C Cumulative Convertible Preferred — — 4,710,570 Weighted-average common shares outstanding - diluted 291,193,514 282,473,458 287,369,742 Net income attributable to common shareholders - per common share diluted $ 0.08 $ 0.38 $ 1.34
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table summarizes the potentially dilutive shares excluded from the dilutive earnings per share calculation as the inclusion of such shares would be anti-dilutive for each of the years in the three-year period ended December 31, 2023: Years Ended December 31, 2023 2022 2021 Unvested share-based payment awards — — 44,261 Preferred shares - Series C 4,710,570 4,710,570 —

Investments in Real Estate (Tab

Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2023
Real Estate Investments, Net [Abstract]
Schedule of Net Real Estate	The Company's real estate, net, consists of the following at December 31, 2023 and 2022: 2023 2022 Real estate, at cost: Buildings and building improvements $ 3,424,334 $ 3,335,029 Land, land estates and land improvements 348,133 346,816 Construction in progress 1,772 9,221 Real estate intangibles: In-place lease values 303,457 309,393 Tenant relationships 10,388 12,519 Above-market leases 680 6,695 Land held for development 80,743 84,412 Investments in real estate under construction 319,355 361,924 4,488,862 4,466,009 Accumulated depreciation and amortization (1) (904,709) (800,470) Real estate, net $ 3,584,153 $ 3,665,539 (1) Includes accumulated amortization of real estate intangible assets of $191,332 and $173,443 in 2023 and 2022, respectively. The estimated amortization of the above real estate intangible assets for the next five years is $26,487 in 2024, $22,558 in 2025, $19,550 in 2026, $14,466 in 2027 and $11,319 in 2028. As of December 31, 2023, the details of the development arrangements outstanding are as follows (in $000's, except square feet): Project (% owned) # of Buildings Market Estimated Sq. Ft. (unaudited) Estimated Project Cost (1) GAAP Investment Balance as of 12/31/2023 (2) Amount Funded as of 12/31/2023 (3) Building Completion Date (unaudited) % Leased as of Placed in Service Date Development Projects Leased: Cotton 303 (93%) (4) 1 Phoenix, AZ 488,400 $ 55,300 $ 50,716 $ 44,523 1Q 2024 100 % 1Q 2024 1 488,400 $ 55,300 $ 50,716 $ 44,523 Development Projects Available for Lease: Ocala (80%) 1 Central Florida 1,085,280 $ 85,200 $ 80,184 $ 70,605 1Q 2023 — % — Mt. Comfort (80%) 1 Indianapolis, IN 1,053,360 66,400 64,489 58,736 1Q 2023 — % — Smith Farms (90%) 1 Greenville-Spartanburg, SC 1,091,888 76,500 72,411 69,244 2Q 2023 — % — South Shore (100%) (5) 2 Central Florida 213,195 33,500 29,739 29,771 2Q 2023 - 3Q 2023 — % — ETNA Building D (100%) (6) 1 Columbus, OH 250,020 30,200 21,816 15,928 1Q 2024 — % — 6 3,693,743 $ 291,800 $ 268,639 $ 244,284 7 4,182,143 $ 347,100 $ 319,355 $ 288,807 (1) Estimated project cost includes estimated tenant improvements and leasing costs and excludes potential developer fee or partner promote, if any. (2) Excludes leasing costs. (3) Excludes noncontrolling interests' share. (4) Subsequent to December 31, 2023, the property was placed in service. (5) During the fourth quarter of 2023, a 57,690 square foot portion of the project, representing 23% of the total project, was occupied by the tenant and placed in service. (6) During the fourth quarter of 2023, a wholly-owned subsidiary of LXP purchased approximately 14 acres of land and the partially completed leasehold improvements from ETNA Park 70. As of December 31, 2023, the details of the land held for industrial development are as follows (in $000's, except acres): Project (% owned) Market Approximate Acres (unaudited) GAAP Investment Balance as of LXP Amount Funded as of 12/31/2023 (1) Consolidated: Reems & Olive (95.5%) (2) Phoenix, AZ 320 $ 73,683 $ 74,308 Mt. Comfort Phase II (80%) Indianapolis, IN 116 5,328 4,283 ATL Fairburn (100%) Atlanta, GA 14 1,732 1,751 450 $ 80,743 $ 80,342 (1) Excludes noncontrolling interests' share. (2) During the fourth quarter of 2023, a perpetual utility easement was granted in exchange for $6,172, which was accounted for as a sale of real estate.
Schedule of Acquired Properties	The Company acquired or completed and placed into service the following assets during 2023 and 2022: 2023: Market Acquisition/ Placed in Service Date Initial Primary Lease Expiration Land Building and Improvements Phoenix, AZ (1) March 2023 $ 37,173 08/2033 $ 7,552 $ 29,621 Dallas, TX July 2023 15,018 N/A 2,100 12,918 Columbus, OH (1) October 2023 64,524 10/2033 6,536 57,988 Greenville/Spartanburg, SC (1) October 2023 21,676 02/2029 1,795 19,881 Central Florida (1)(2) December 2023 7,985 01/2029 1,961 6,024 $ 146,376 $ 19,944 $ 126,432 (1) Initial basis excludes certain remaining costs, including developer partner promote/fee, if any. (2) Represents a portion of the South Shore development project placed into service. 2022: Market (1) Acquisition/ Placed in Service Date Initial Primary Lease Expiration Land Building and Improvements Lease in-place Value Intangible Cincinnati/Dayton, OH (2) February 2022 $ 23,382 N/A $ 2,010 $ 21,372 $ — Cincinnati/Dayton, OH February 2022 48,660 04/2032 4,197 40,944 3,519 Phoenix, AZ April 2022 59,140 05/2037 5,366 50,281 3,493 Greenville/Spartanburg, SC (3) December 2022 64,067 04/2035 2,484 61,583 — $ 195,249 $ 14,057 $ 174,180 $ 7,012 Weighted-average life of intangible assets (years) 12.7 (1) A land parcel located in Hebron, OH was also purchased for $747. (2) Subsequent to acquisition, property was fully leased for approximately nine years. (3) Development project substantially completed and placed in service. Initial basis excludes certain remaining costs, including developer partner promote.

Dispositions and Impairment (Ta

Dispositions and Impairment (Tables)	12 Months Ended
	Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities of Held for Sale Properties	Assets and liabilities of the held for sale properties consisted of the following: December 31, 2023 December 31, 2022 Assets: Real estate, at cost $ 9,018 $ 131,557 Real estate, intangible assets — 9,942 Accumulated depreciation and amortization — (76,205) Other 150 1,140 Total assets held for sale $ 9,168 $ 66,434 Liabilities: Accounts payable and other liabilities $ 5 $ 637 Deferred revenue 53 143 Prepaid rent 359 370 Total liabilities held for sale $ 417 $ 1,150

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurement Inputs	The following tables present the Company's assets and liabilities measured at fair value on a recurring and non-recurring basis as of December 31, 2023 and 2022, aggregated by the level in the fair value hierarchy within which those measurements fall: Fair Value Measurements Using Description 2023 (Level 1) (Level 2) (Level 3) Interest rate swap assets $ 9,471 $ — $ 9,471 $ — Impaired assets held for sale (1) $ 9,170 $ — $ — $ 9,170 (1) The Company estimated the fair value of certain real estate assets throughout the year based on a discounted cash flow analysis using a discount rate of 10.0% and a residual capitalization rate of 8.0%. As significant inputs to the models are unobservable, the Company determined that the value determined for these properties falls within Level 3 of the fair value reporting hierarchy. Fair Value Measurements Using Description 2022 (Level 1) (Level 2) (Level 3) Interest rate swap assets $ 16,318 $ — $ 16,318 $ —
Schedule of Carrying Amounts and Fair Value of Financial Instruments	The table below sets forth the carrying amounts and estimated fair values of the Company's financial instruments as of December 31, 2023 and 2022: As of December 31, 2023 As of December 31, 2022 Carrying Fair Value Carrying Fair Value Assets Investment in a sales-type lease, net $ 63,464 $ 62,500 $ 61,233 $ 60,984 Liabilities Debt $ 1,770,827 $ 1,630,066 $ 1,488,051 $ 1,293,239

Investments in Non-Consolidat_2

Investments in Non-Consolidated Entities (Tables)	12 Months Ended
	Dec. 31, 2023
Equity Method Investments and Joint Ventures [Abstract]
Investments in and Advances to Affiliates	Below is a schedule of the Company's investments in non-consolidated entities: Percentage Ownership at Investment Balance as of December 31, Equity in earnings (losses) of non-consolidated entities Investment December 31, 2023 2023 2022 2023 2022 2021 NNN MFG Cold JV L.P. (“MFG Cold JV”) (1) 20% $ 19,693 $ 26,592 $ (3,300) $ (2,050) $ — NNN Office JV L.P. (“Office JV”) (2) 20% 16,237 12,900 508 18,156 (140) Etna Park 70 LLC (3) 90% 10,320 12,975 (258) (137) (93) Etna Park 70 East LLC (4) 90% 2,245 2,126 (192) (174) (114) BSH Lessee L.P. (5) 25% — 3,613 4,608 211 157 $ 48,495 $ 58,206 $ 1,366 $ 16,006 $ (190) (1) MFG Cold JV is a joint venture formed in 2021 that owns special purpose industrial properties formerly owned by the Company. (2) Office JV is a joint venture formed in 2018 that owns office properties formerly owned by the Company. During 2023 and 2022, Office JV sold one and six assets, respectively, and the Company recognized its share of aggregate gains on sale of $1,010 and $24,513, respectively, within equity in earnings of non-consolidated entities within its consolidated statements of operations. (3) Joint venture formed in 2017 with a developer entity to acquire a parcel of land. In the second quarter of 2023, the joint venture commenced development of a 250,020 square foot industrial speculative development project for an estimated cost of $30,200. As of December 31, 2023, the Company's wholly owned subsidiary purchased the land and building improvements for approximately $15,897 and recorded it in investment in real estate under construction on its consolidated balance sheet. (4) Joint venture formed in 2019 with a developer entity to acquire a parcel of land. (5) A joint venture investment which sold its sole single-tenant, net-leased asset in January 2023 and the Company recognized its share of the gain on sale of $4,791 within equity in earnings of non-consolidated entities within its consolidated statements of operations.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Operating Lease, Lease Income	The following table presents the Company’s classification of rental revenue for its operating and sales-type leases for the years ended December 31, 2023, 2022 and 2021: Years Ended December 31, Classification 2023 2022 2021 Fixed $ 275,186 $ 267,644 $ 287,552 Sales-type lease income 7,427 1,936 — Variable (1)(2) 51,607 44,412 52,392 Total $ 334,220 $ 313,992 $ 339,944 (1) Primarily comprised of tenant reimbursements.
Lessor, Operating Lease, Payments to be Received, Maturity	Future fixed rental receipts for operating and sales-type leases, assuming no new or re-negotiated leases as of December 31, 2023 were as follows: Year ending December 31, Operating Sales-Type 2024 $ 264,322 $ 5,263 2025 254,347 5,473 2026 237,312 5,692 2027 201,098 5,920 2028 170,950 6,156 Thereafter 572,643 733,006 Total $ 1,700,672 $ 761,510 Difference between undiscounted cash flow and present value (697,985) Investment in a sales-type lease $ 63,525
Lease, Cost	Supplemental information related to operating leases is as follows: Years Ended December 31, 2023 2022 Weighted-average remaining lease term Operating leases (years) 8.7 9.4 Weighted-average discount rate Operating leases 4.0 % 4.0 % The components of lease expense for the years ended December 31, 2023, 2022 and 2021 were as follows: Income Statement Classification Fixed Variable Total 2023: Property operating $ 3,539 $ 7 $ 3,546 General and administrative 1,521 280 1,801 Total $ 5,060 $ 287 $ 5,347 2022: Property operating $ 3,543 $ — $ 3,543 General and administrative 1,520 122 1,642 Total $ 5,063 $ 122 $ 5,185 2021: Property operating $ 3,645 $ 3 $ 3,648 General and administrative 1,380 70 1,450 Total $ 5,025 $ 73 $ 5,098
Lessee, Operating Lease, Liability, Maturity	The following table shows the Company's maturity analysis of its operating lease liabilities as of December 31, 2023: Year ending December 31, Operating Leases 2024 $ 5,169 2025 5,174 2026 4,144 2027 3,643 2028 1,031 Thereafter 5,479 Total lease payments 24,640 Less: Imputed interest (4,407) Present value of lease liabilities $ 20,233

Allowance for Credit Loss (Tabl

Allowance for Credit Loss (Tables)	12 Months Ended
	Dec. 31, 2023
Credit Loss [Abstract]
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss	The following tables detail the allowance for credit loss as of December 31, 2023 and 2022: As of December 31, 2023 Amortized cost Allowance Net Investment Allowance as a % of Amortized Cost Investment in a sales-type lease $ 63,525 $ (61) $ 63,464 0.10 % As of December 31, 2022 Investment in a sales-type lease $ 61,326 $ (93) $ 61,233 0.15 % For the Twelve Months Ended December 31, 2023 Balance at Beginning of Period Write-Offs General Allowance Balance at End of Period Allowance for credit loss $ 93 $ — $ (32) $ 61 For the Twelve Months Ended December 31, 2022 Allowance for credit loss $ — $ — $ 93 $ 93

Mortgages and Notes Payable (Ta

Mortgages and Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The Company had the following mortgages and notes payable outstanding as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Mortgages and notes payable $ 60,888 $ 73,154 Unamortized debt issuance costs (764) (1,051) $ 60,124 $ 72,103
Schedule of Line of Credit Facilities	The maturity dates and interest rates as of December 31, 2023, are as follows: Maturity Date Interest Rate $600,000 Revolving Credit Facility (1) July 2026 SOFR + 0.85% $300,000 Term Loan (2) January 2027 Term SOFR + 1.00% (1) Maturity date of the revolving credit facility can be extended to July 2027, subject to certain conditions. The interest rate ranges from SOFR (plus a 0.10% index adjustment) plus 0.725% to 1.400%, and the revolving credit facility allows for further reductions upon the achievement of to-be-determined sustainability metrics. At December 31, 2023, the Company had no borrowings outstanding and availability of $600,000, subject to covenant compliance. (2) In November 2023, the Company amended the agreement governing the $300,000 term loan. The amendment, among other things, extends the maturity of the term loan from January 31, 2025 to January 31, 2027. The Term SOFR portion of the interest rate was swapped to obtain a current fixed rate of 2.722% per annum until January 31, 2025. The Company recognized $132 of debt satisfaction losses in connection with this transaction. The aggregate unamortized debt issuance costs for the term loan were $3,236 and $1,041 as of December 31, 2023 and 2022, respectively.
Schedule of Maturities of Long-term Debt	Scheduled principal and balloon payments for mortgages, notes payable and term loan for the next five years and thereafter are as follows: Year ending December 31, Total 2024 $ 5,373 2025 5,570 2026 5,773 2027 305,984 2028 2,223 Thereafter 35,965 360,888 Unamortized debt issuance costs (4,000) $ 356,888 Scheduled principal payments for these debt instruments for the next five years and thereafter are as follows: Year ending December 31, Total 2024 $ 198,932 2025 — 2026 — 2027 — 2028 300,000 Thereafter 929,120 1,428,052 Unamortized debt discounts (4,489) Unamortized debt issuance costs (9,624) $ 1,413,939

Senior Notes, Convertible Not_2

Senior Notes, Convertible Notes and Trust Preferred Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt Instrument Redemption	The Company had the following Senior Notes outstanding as of December 31, 2023 and 2022: Issue Date December 31, 2023 December 31, 2022 Interest Rate Maturity Date Issue Price November 2023 $ 300,000 $ — 6.750 % November 2028 99.423 % August 2021 400,000 400,000 2.375 % October 2031 99.758 % August 2020 400,000 400,000 2.70 % September 2030 99.233 % May 2014 198,932 198,932 4.40 % June 2024 99.883 % 1,298,932 998,932 Unamortized debt discount (4,489) (3,228) Unamortized debt issuance cost (8,298) (6,409) $ 1,286,145 $ 989,295
Schedule of Maturities of Long-term Debt	Scheduled principal and balloon payments for mortgages, notes payable and term loan for the next five years and thereafter are as follows: Year ending December 31, Total 2024 $ 5,373 2025 5,570 2026 5,773 2027 305,984 2028 2,223 Thereafter 35,965 360,888 Unamortized debt issuance costs (4,000) $ 356,888 Scheduled principal payments for these debt instruments for the next five years and thereafter are as follows: Year ending December 31, Total 2024 $ 198,932 2025 — 2026 — 2027 — 2028 300,000 Thereafter 929,120 1,428,052 Unamortized debt discounts (4,489) Unamortized debt issuance costs (9,624) $ 1,413,939

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	As of December 31, 2023, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk: Interest Rate Derivative Number of Instruments Notional Interest Rate Swaps 4 $300,000
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the consolidated balance sheets. As of December 31, 2023 As of December 31, 2022 Derivatives designated as hedging instruments: Balance Sheet Location Fair Value Balance Sheet Location Fair Value Interest Rate Swaps Other Assets $ 9,471 Other Assets $ 16,318
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The table below present the effect of the Company's derivative financial instruments on the consolidated statements of operations for 2023 and 2022: Derivatives in Cash Flow Amount of Gain Recognized Amount of (Income) Loss Reclassified from Accumulated OCI into Income (1) December 31, Hedging Relationships 2023 2022 2023 2022 Interest Rate Swap $ 3,496 $ 22,578 $ (10,343) $ (2) The Company's share of non-consolidated entity's interest rate cap 158 1,455 (1,517) (84) Total $ 3,654 $ 24,033 $ (11,860) $ (86) (1) Amounts reclassified from accumulated other comprehensive income (loss) to interest expense within the consolidated statements of operations.

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Income Loss	A summary of the changes in accumulated other comprehensive income (loss) related to the Company's cash flow hedges is as follows: Years ended December 31, 2023 2022 Balance at beginning of period $ 17,689 $ (6,258) Other comprehensive income before reclassifications 3,654 24,033 Amounts of (income) reclassified from accumulated other comprehensive income to interest expense (11,860) (86) Balance at end of period $ 9,483 $ 17,689
Effects of Changes in the Company's Ownership Interests in Noncontrolling Interests	The following discloses the effects of changes in the Company's ownership interests in its noncontrolling interests: Net Income Attributable to Shareholders and Transfers from Noncontrolling Interests 2023 2022 2021 Net income attributable to LXP Industrial Trust shareholders $ 30,383 $ 113,783 $ 382,648 Transfers from noncontrolling interests: Increase in additional paid-in-capital for reallocation of noncontrolling interests — — 435 Increase in additional paid-in-capital for redemption of noncontrolling OP units 3,393 211 958 Change from net income attributable to shareholders and transfers from noncontrolling interests $ 33,776 $ 113,994 $ 384,041

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule of Nonvested Share Activity	Non-vested share activity for the years ended December 31, 2023 and 2022, is as follows: Number of Weighted-Average Grant-Date Fair Balance at December 31, 2021 2,290,644 $ 7.17 Granted 860,665 10.97 Vested (951,472) 7.00 Forfeited (140,947) 9.21 Balance at December 31, 2022 2,058,890 8.70 Granted 1,191,697 7.97 Vested (526,453) 9.08 Forfeited (184,661) 6.34 Balance at December 31, 2023 2,539,473 $ 8.45
Schedule of Share-based Compensation, Activity	During 2023 and 2022, the Company granted common shares to certain employees and trustees as follows: 2023 2022 Performance Shares (1) Shares issued: Index 407,611 282,720 Peer 407,606 282,715 Grant date fair value per share: (2) Index $ 6.96 $ 9.40 Peer $ 6.50 $ 8.78 Non-Vested Common Shares: (3) Shares issued 376,480 295,230 Grant date fair value $ 4,010 $ 4,304 (1) The shares vest based on the Company's total shareholder return growth after a three-year measurement period relative to an index and a group of Company peers. Dividends will not be paid on these grants until earned. Once the performance criteria are met and the actual number of shares earned is determined, such shares vest immediately. During 2023, 266,812 of the 443,359 outstanding performance shares issued in 2020 vested. During 2022, all of the 552,121 performance shares issued in 2019 vested. (2) The fair value of grants was determined at the grant date using a Monte Carlo simulation model. (3)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The Company's provision for income taxes for the years ended December 31, 2023, 2022 and 2021 is summarized as follows: 2023 2022 2021 Current: Federal $ — $ — $ (26) State and local (774) (1,120) (1,267) Deferred federal 71 18 — Total $ (703) $ (1,102) $ (1,293)
Statutory Accounting Practices Disclosure	The income tax provision differs from the amount computed by applying the statutory federal income tax rate to pre-tax operating income as follows: 2023 2022 2021 Federal provision at statutory tax rate (21%) $ 71 $ 18 $ (35) State and local taxes, net of federal benefit — — — Other (774) (1,120) (1,258) Total $ (703) $ (1,102) $ (1,293)
Summary of Average Taxable Nature of Dividends	A summary of the average taxable nature of the Company's common dividends for each of the years in the three-year period ended December 31, 2023, is as follows: 2023 2022 2021 Total dividends per share $ 0.50 $ 0.48 $ 0.43 Ordinary income 71.67 % 81.26 % 65.89 % Qualifying dividend — % — % 0.1 % Capital gain — % — % — % Return of capital 28.33 % 18.74 % 34.01 % 100.00 % 100.00 % 100.00 % A summary of the average taxable nature of the Company's dividend on shares of its Series C Preferred for each of the years in the three-year period ended December 31, 2023, is as follows: 2023 2022 2021 Total dividends per share $ 3.25 $ 3.25 $ 3.25 Ordinary income 100.00 % 100.00 % 99.84 % Qualifying dividend — % — % 0.16 % Capital gain — % — % — % Return of capital — % — % — % 100.00 % 100.00 % 100.00 %

Supplemental Disclosure of St_2

Supplemental Disclosure of Statement of Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2023
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	2023 2022 2021 Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents at beginning of period $ 54,390 $ 190,926 $ 178,795 Restricted cash at beginning of period 116 101 626 Cash, cash equivalents and restricted cash at beginning of period $ 54,506 $ 191,027 $ 179,421 Cash and cash equivalents at end of period $ 199,247 $ 54,390 $ 190,926 Restricted cash at end of period 216 116 101 Cash, cash equivalents and restricted cash at end of period $ 199,463 $ 54,506 $ 191,027

The Company and Financial Sta_2

The Company and Financial Statement Presentation (Details)	Dec. 31, 2023 state property
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of consolidated properties | property	115
Number of states in which entity has interests | state	18

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) shares jointVenture segment $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Property, Plant and Equipment [Line Items]
Joint venture interests | jointVenture	7
Redemption of noncontrolling OP units for common shares | $	$ 415	$ 0	$ 0
Number of operating segments | segment	1
Building and improvements
Property, Plant and Equipment [Line Items]
Maximum useful life of PPE (in years)	40 years
Variable Interest Entity, Primary Beneficiary | LCIF Partnership
Property, Plant and Equipment [Line Items]
Percentage of ownership purchased	0.925%
Number of LCIF partnership units converted | shares	730,623.5
Redemption factor | shares	1.126
Common shares issued (in shares) | shares	822,627
Shares issued, price per share (in dollars per share) | $ / shares	$ 9.47
Value of shares redeemed | $	$ 7,800
Redemption of noncontrolling OP units for common shares | $	$ 3,344
On-Going Development Projects
Property, Plant and Equipment [Line Items]
Joint venture interests | jointVenture	5
Land Joint Ventures
Property, Plant and Equipment [Line Items]
Joint venture interests | jointVenture	2
Joint Ventures With Developers | Minimum
Property, Plant and Equipment [Line Items]
Joint venture, ownership percentage	80%
Joint Ventures With Developers | Maximum
Property, Plant and Equipment [Line Items]
Joint venture, ownership percentage	95.50%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Variable Interest Entities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Variable Interest Entity [Line Items]
Real estate, net	$ 3,584,153	$ 3,665,539
Total assets	4,192,775	4,053,847
Total liabilities	1,927,318	1,662,844
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Real estate, net	535,118	1,027,009
Total assets	626,442	1,125,558
Total liabilities	$ 19,549	$ 40,200

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
BASIC:
Net income attributable to common shareholders	$ 23,863	$ 107,307	$ 375,848
Weighted-average common shares outstanding - basic (in shares)	290,245,877	279,887,760	277,640,835
Net income attributable to common shareholders - per common share basic (usd per share)	$ 0.08	$ 0.38	$ 1.35
DILUTED:
Impact of assumed conversions	$ (58)	$ 156	$ 7,962
Net income attributable to common shareholders	$ 23,805	$ 107,463	$ 383,810
Weighted-average common shares outstanding - basic (in shares)	290,245,877	279,887,760	277,640,835
Effect of dilutive securities:
Unvested share-based payment awards and options (in shares)	127,251	457,597	989,177
Shares issuable under forward sales agreements (in shares)	0	1,274,842	2,110,315
Operating Partnership Units (in shares)	820,386	853,259	1,918,845
Series C Cumulative Convertible Preferred (in shares)	0	0	4,710,570
Weighted-average common shares outstanding (in shares)	291,193,514	282,473,458	287,369,742
Net income attributable to common shareholders - per common share diluted (usd per share)	$ 0.08	$ 0.38	$ 1.34

Earnings Per Share (Details)_2

Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Unvested share-based payment awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive shares excluded from the dilutive earnings per share calculation	0	0	44,261
Preferred shares - Series C
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive shares excluded from the dilutive earnings per share calculation	4,710,570	4,710,570	0

Investments in Real Estate - Sc

Investments in Real Estate - Schedule of Net Real Estate (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Real Estate [Line Items]
Buildings and building improvements	$ 3,424,334	$ 3,335,029
Land, land estates and land improvements	348,133	346,816
Construction in progress	1,772	9,221
Real estate - intangible assets	314,525	328,607
Land held for development	80,743	84,412
Investments in real estate under construction	319,355	361,924
Real estate, gross	4,488,862	4,466,009
Accumulated depreciation and amortization	(904,709)	(800,470)
Real estate, net	3,584,153	3,665,539
Accumulated amortization	191,332	173,443
Amortization expense, next 12 months	26,487
Amortization expense, year 2	22,558
Amortization expense, year 3	19,550
Amortization expense, year 4	14,466
Amortization expense, year 5	11,319
In-place lease values
Real Estate [Line Items]
Real estate - intangible assets	303,457	309,393
Tenant relationships
Real Estate [Line Items]
Real estate - intangible assets	10,388	12,519
Above-market leases
Real Estate [Line Items]
Real estate - intangible assets	$ 680	$ 6,695

Investments in Real Estate - Ad

Investments in Real Estate - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Real Estate [Line Items]
Below-market leases, net of accretion	$ 9,385	$ 11,214
Future accretion, year 1	1,830
Future accretion, year 2	1,740
Future accretion, year 3	1,538
Future accretion, year 4	1,292
Future accretion, year 5	1,004
Investments in real estate under construction	319,355	361,924
Construction in progress, capitalized interest	$ 8,134	$ 6,330
Fairburn JV
Real Estate [Line Items]
Noncontrolling interest, additional ownership percentage purchased by parent	13%
Payments to acquire interest in joint venture	$ 27,958
Noncontrolling interest in joint ventures	$ 25,058

Investments in Real Estate - _2

Investments in Real Estate - Schedule of Acquired Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Real Estate [Line Items]
Initial Cost Basis	$ 146,376	$ 195,249
Land	19,944	14,057
Building and Improvements	126,432	174,180
Lease in-place Value Intangible		7,012
Payments to acquire real estate	15,018	$ 132,026	$ 758,371
Lease in-place Value Intangible
Real Estate [Line Items]
Weighted-average life of intangible assets (years)		12 years 8 months 12 days
Phoenix, AZ | Industrial Property | Phoenix, AZ Industrial Property Expiring August 2033
Real Estate [Line Items]
Initial Cost Basis	37,173
Land	7,552
Building and Improvements	29,621
Phoenix, AZ | Industrial Property | Phoenix, AZ Industrial Property Expiring May 2037
Real Estate [Line Items]
Initial Cost Basis		$ 59,140
Land		5,366
Building and Improvements		50,281
Lease in-place Value Intangible		3,493
Dallas, TX | Industrial Property | Dallas, TX Industrial Property
Real Estate [Line Items]
Initial Cost Basis	15,018
Land	2,100
Building and Improvements	$ 12,918
Cincinnati/Dayton, OH [Member] | Industrial Property | Cincinnati/Dayton, OH Industrial Property
Real Estate [Line Items]
Initial Cost Basis		23,382
Land		2,010
Building and Improvements		21,372
Lease in-place Value Intangible		0
Lease term	9 years
Cincinnati/Dayton, OH [Member] | Industrial Property | Cincinnati/Dayton, OH Industrial Property Expiring April 2032
Real Estate [Line Items]
Initial Cost Basis		48,660
Land		4,197
Building and Improvements		40,944
Lease in-place Value Intangible		3,519
Greenville-Spartanburg, SC | Industrial Property | Greenville/Spartanburg, SC Industrial Property Expiring April 2029
Real Estate [Line Items]
Initial Cost Basis	$ 21,676
Land	1,795
Building and Improvements	19,881
Greenville-Spartanburg, SC | Industrial Property | Greenville/Spartanburg, SC Industrial Property Expiring April 2035
Real Estate [Line Items]
Initial Cost Basis		64,067
Land		2,484
Building and Improvements		61,583
Lease in-place Value Intangible		0
Hebron, OH | Industrial Property
Real Estate [Line Items]
Payments to acquire real estate		$ 747
Columbus, OH | Industrial Property | Columbus, Ohio Industrial Property Expiring October 2033
Real Estate [Line Items]
Initial Cost Basis	64,524
Land	6,536
Building and Improvements	57,988
Central Florida | Industrial Property | Central Florida Industrial Property, Expiring January 2029
Real Estate [Line Items]
Initial Cost Basis	7,985
Land	1,961
Building and Improvements	$ 6,024

Investments in Real Estate - _3

Investments in Real Estate - Schedule of Real Estate Properties Development (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft² a building	Dec. 31, 2022 USD ($)
Real Estate [Line Items]
# of Buildings | building	7
Estimated Sq. Ft. (unaudited) | ft²	4,182,143
Estimated Project Cost	$ 347,100
GAAP Investment Balance at end of period	319,355	$ 361,924
Amount Funded as of period end	$ 288,807
Real Estate Investment Property Leased
Real Estate [Line Items]
# of Buildings | building	1
Estimated Sq. Ft. (unaudited) | ft²	488,400
Estimated Project Cost	$ 55,300
GAAP Investment Balance at end of period	50,716
Amount Funded as of period end	$ 44,523
Real Estate Investment Properties Available For Lease
Real Estate [Line Items]
# of Buildings | building	6
Estimated Sq. Ft. (unaudited) | ft²	3,693,743
Estimated Project Cost	$ 291,800
GAAP Investment Balance at end of period	268,639
Amount Funded as of period end	$ 244,284
Phoenix, AZ | Cotton 303
Real Estate [Line Items]
# of Buildings | building	1
Estimated Sq. Ft. (unaudited) | ft²	488,400
Estimated Project Cost	$ 55,300
GAAP Investment Balance at end of period	50,716
Amount Funded as of period end	$ 44,523
% Lease as of end of period	100%
Phoenix, AZ | Cotton 303 | Real Estate Investment Property Leased
Real Estate [Line Items]
Project (% owned)	93%
Central Florida | Ocala | Real Estate Investment Properties Available For Lease
Real Estate [Line Items]
Project (% owned)	80%
# of Buildings | building	1
Estimated Sq. Ft. (unaudited) | ft²	1,085,280
Estimated Project Cost	$ 85,200
GAAP Investment Balance at end of period	80,184
Amount Funded as of period end	$ 70,605
% Lease as of end of period	0%
Central Florida | South Shore | Real Estate Investment Property Leased
Real Estate [Line Items]
Estimated Sq. Ft. (unaudited) | a	57,690
% Lease as of end of period	23%
Central Florida | South Shore | Real Estate Investment Properties Available For Lease
Real Estate [Line Items]
Project (% owned)	100%
# of Buildings | building	2
Estimated Sq. Ft. (unaudited) | ft²	213,195
Estimated Project Cost	$ 33,500
GAAP Investment Balance at end of period	29,739
Amount Funded as of period end	$ 29,771
% Lease as of end of period	0%
Indianapolis, IN | Mt. Comfort | Real Estate Investment Properties Available For Lease
Real Estate [Line Items]
Project (% owned)	80%
# of Buildings | building	1
Estimated Sq. Ft. (unaudited) | ft²	1,053,360
Estimated Project Cost	$ 66,400
GAAP Investment Balance at end of period	64,489
Amount Funded as of period end	$ 58,736
% Lease as of end of period	0%
Columbus, OH | ETNA Building D | Real Estate Investment Property Leased
Real Estate [Line Items]
Number of acres purchased | a	14
Columbus, OH | ETNA Building D | Real Estate Investment Properties Available For Lease
Real Estate [Line Items]
Project (% owned)	100%
# of Buildings | building	1
Estimated Sq. Ft. (unaudited) | ft²	250,020
Estimated Project Cost	$ 30,200
GAAP Investment Balance at end of period	21,816
Amount Funded as of period end	$ 15,928
% Lease as of end of period	0%
Greenville-Spartanburg, SC | Smith Farms | Real Estate Investment Properties Available For Lease
Real Estate [Line Items]
Project (% owned)	90%
# of Buildings | building	1
Estimated Sq. Ft. (unaudited) | ft²	1,091,888
Estimated Project Cost	$ 76,500
GAAP Investment Balance at end of period	72,411
Amount Funded as of period end	$ 69,244
% Lease as of end of period	0%

Investments in Real Estate - La

Investments in Real Estate - Land Held for Development (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($) a	Dec. 31, 2023 USD ($) a	Dec. 31, 2022 USD ($)
Real Estate [Line Items]
Approximate Acres (unaudited) | a	450	450
GAAP Investment Balance as of end of period	$ 80,743	$ 80,743	$ 84,412
LXP Amount Funded as of end of period	$ 80,342	$ 80,342
Reems & Olive | Phoenix, AZ
Real Estate [Line Items]
Project (% owned)		95.50%
Approximate Acres (unaudited) | a	320	320
GAAP Investment Balance as of end of period	$ 73,683	$ 73,683
LXP Amount Funded as of end of period	74,308	$ 74,308
Proceeds from sale of real estate	$ 6,172
Mt. Comfort Phase II | Indianapolis, IN
Real Estate [Line Items]
Project (% owned)		80%
Approximate Acres (unaudited) | a	116	116
GAAP Investment Balance as of end of period	$ 5,328	$ 5,328
LXP Amount Funded as of end of period	$ 4,283	$ 4,283
Fairburn JV | Atlanta, GA
Real Estate [Line Items]
Project (% owned)		100%
Approximate Acres (unaudited) | a	14	14
GAAP Investment Balance as of end of period	$ 1,732	$ 1,732
LXP Amount Funded as of end of period	$ 1,751	$ 1,751

Dispositions and Impairment - A

Dispositions and Impairment - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) property	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($) property shares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Aggregate gain on sale of properties	$ 33,010	$ 59,094	$ 367,274
Redemption of units (in shares) | shares			1,598,906
Transfer mortgage payable			$ 11,610
Note receivable, interest rate			6%
Properties classified as held-for-sale (in number of properties) | property	2	3
Asset impairment charges	$ 16,490	$ 3,037	$ 5,541
Notes Receivable
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Self financing			1,497
Disposal Group, Disposed of by Sale, not Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of property	100,152	196,989	823,966
Aggregate gain on sale of properties	33,010	59,094	367,274
Gain (loss) on debt extinguishment on sale of properties	$ 0	$ 0	$ 229
Disposal Group, Disposed of by Sale, not Discontinued Operations | Properties Disposed by LCIF
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties sold | property			3
Disposition price			$ 35,369
Number of disposed properties encumbered with mortgage loan | property			2

Dispositions and Impairment - S

Dispositions and Impairment - Schedule of Properties Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets:
Real estate, at cost	$ 9,018	$ 131,557
Real estate, intangible assets	0	9,942
Accumulated depreciation and amortization	0	(76,205)
Other	150	1,140
Assets held for sale	9,168	66,434
Liabilities:
Accounts payable and other liabilities	5	637
Deferred revenue	53	143
Prepaid rent	359	370
Liabilities held for sale	$ 417	$ 1,150

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value Measurements Inputs (Details) $ in Thousands	Dec. 31, 2023 USD ($) year	Dec. 31, 2022 USD ($)
Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input | year	0.100
Residual Capitalization Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Measurement input | year	0.080
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap assets	$ 9,471	$ 16,318
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired assets held for sale	9,170
Fair Value Measurements Using Level 1 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap assets	0	0
Fair Value Measurements Using Level 1 | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired assets held for sale	0
Fair Value Measurements Using Level 2 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap assets	9,471	16,318
Fair Value Measurements Using Level 2 | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired assets held for sale	0
Fair Value Measurements Using Level 3 | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap assets	0	$ 0
Fair Value Measurements Using Level 3 | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired assets held for sale	$ 9,170

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value, by Balance Sheet Grouping (Details) - Fair Value Measurements Using Level 3 - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Carrying Amount
Assets:
Investment in a sales-type lease, net	$ 63,464	$ 61,233
Liabilities
Debt	1,770,827	1,488,051
Fair Value
Assets:
Investment in a sales-type lease, net	62,500	60,984
Liabilities
Debt	$ 1,630,066	$ 1,293,239

Investments in Non-Consolidat_3

Investments in Non-Consolidated Entities - Schedule of Investments in and Non-consolidated Entities (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) a officeAsset	Dec. 31, 2022 USD ($) officeAsset	Dec. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Investment Balance as of December 31,		$ 48,495	$ 58,206
Equity in earnings (losses) of non-consolidated entities Years ended December 31,		$ 1,366	16,006	$ (190)
Acreage of land purchased for development | a		450
Aggregate gain on sale of properties		$ 33,010	59,094	$ 367,274
NNN MFG Cold JV L.P.
Schedule of Equity Method Investments [Line Items]
Percent ownership at end of period		20%		20%
Investment Balance as of December 31,		$ 19,693	26,592
Equity in earnings (losses) of non-consolidated entities Years ended December 31,		$ (3,300)	(2,050)	$ 0
NNN Office JV L.P.
Schedule of Equity Method Investments [Line Items]
Percent ownership at end of period		20%
Investment Balance as of December 31,		$ 16,237	12,900
Equity in earnings (losses) of non-consolidated entities Years ended December 31,		$ 508	$ 18,156	(140)
NNN Office JV L.P. | NNN Office Joint Venture Properties
Schedule of Equity Method Investments [Line Items]
Number of properties sold | officeAsset		1	6
Income (loss) from equity method investments, gain on sale of assets		$ 1,010	$ 24,513
Etna Park 70 LLC
Schedule of Equity Method Investments [Line Items]
Percent ownership at end of period		90%
Investment Balance as of December 31,		$ 10,320	12,975
Equity in earnings (losses) of non-consolidated entities Years ended December 31,		(258)	(137)	(93)
Estimated construction costs		30,200
Construction in process purchased by subsidiary		$ 15,897
Etna Park 70 East LLC
Schedule of Equity Method Investments [Line Items]
Percent ownership at end of period		90%
Investment Balance as of December 31,		$ 2,245	2,126
Equity in earnings (losses) of non-consolidated entities Years ended December 31,		$ (192)	(174)	(114)
BSH Lessee L.P.
Schedule of Equity Method Investments [Line Items]
Percent ownership at end of period		25%
Investment Balance as of December 31,		$ 0	3,613
Equity in earnings (losses) of non-consolidated entities Years ended December 31,		$ 4,608	$ 211	$ 157
BSH Lessee L.P. | BSH Lessee Joint Venture Properties
Schedule of Equity Method Investments [Line Items]
Aggregate gain on sale of properties	$ 4,791

Investments in Non-Consolidat_4

Investments in Non-Consolidated Entities - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Investments in and Advances to Affiliates [Line Items]
Investment advisory fees | $	$ 6,283	$ 7,253	$ 4,053
Estimated Sq. Ft. (unaudited)	4,182,143
Real Estate Investment Properties Available For Lease
Investments in and Advances to Affiliates [Line Items]
Estimated Sq. Ft. (unaudited)	3,693,743
Real Estate Investment Properties Available For Lease | ETNA Building D | Columbus, OH
Investments in and Advances to Affiliates [Line Items]
Estimated Sq. Ft. (unaudited)	250,020
Lexington Reality Advisors Inc | Investment Advice
Investments in and Advances to Affiliates [Line Items]
Investment advisory fees | $	$ 4,337	$ 5,615	$ 2,968

Leases - Additional information

Leases - Additional information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) a property $ / ft²	Dec. 31, 2022 USD ($) tenant	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Non-incremental costs incurred		$ 2	$ 19
Number of ground leases | property	1
Number of acres, industrial development land parcel | a	100
Selling profit from sales-type leases	$ 0	47,059	0
Lease income from sales-type lease	$ 7,427	$ 1,936	0
Sales-type lease, lease income, statement of income or comprehensive income	Rental revenue
Number of tenants exercising purchase option | tenant		2
Net Investment	$ 63,464	$ 61,233
Sublease income	3,320	3,320	3,425
Sales-type lease, net investment in lease, before allowance for credit loss	$ 63,525	61,326
Unspecified
Lessee, Lease, Description [Line Items]
Selling profit from sales-type leases		10,184
Net Investment		34,841
Phoenix, AZ
Lessee, Lease, Description [Line Items]
Purchase option, land, per square foot | $ / ft²	20
Derecognized land held-for-development	$ 24,109
Selling profit from sales-type leases	36,875
Sales-type lease, direct cost	4,119
Fair Value Measurements Using Level 3 | Fair Value
Lessee, Lease, Description [Line Items]
Investment in a sales-type lease, net	62,500	60,984
Fair Value Measurements Using Level 3 | Fair Value | Phoenix, AZ
Lessee, Lease, Description [Line Items]
Sales-type lease, net investment in lease, before allowance for credit loss	$ 60,984
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, remaining lease term (up to)	33 years
COVID-19 Pandemic
Lessee, Lease, Description [Line Items]
Rent revenue reduced	$ 0	$ 417	$ 370

Leases - Lease Income (Details)

Leases - Lease Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Fixed	$ 275,186	$ 267,644	$ 287,552
Sales-type lease income	7,427	1,936	0
Variable	51,607	44,412	52,392
Total	334,220	313,992	339,944
Lease termination income	$ 0	$ 238	$ 15,371

Leases - Future Fixed Rental Re

Leases - Future Fixed Rental Receipts (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Total
2024	$ 264,322
2025	254,347
2026	237,312
2027	201,098
2028	170,950
Thereafter	572,643
Total	1,700,672
Sales-Type
2024	5,263
2025	5,473
2026	5,692
2027	5,920
2028	6,156
Thereafter	733,006
Total	761,510
Difference between undiscounted cash flow and present value	(697,985)
Investment in a sales-type lease	$ 63,525

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details)	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Weighted-average remaining lease term, operating leases (years)	8 years 8 months 12 days	9 years 4 months 24 days
Weighted-average discount rate, operating leases	4%	4%

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Fixed	$ 5,060	$ 5,063	$ 5,025
Variable	287	122	73
Total	5,347	5,185	5,098
Property operating
Lessee, Lease, Description [Line Items]
Fixed	3,539	3,543	3,645
Variable	7	0	3
Total	3,546	3,543	3,648
General and administrative
Lessee, Lease, Description [Line Items]
Fixed	1,521	1,520	1,380
Variable	280	122	70
Total	$ 1,801	$ 1,642	$ 1,450

Leases - Operating Lease Liabil

Leases - Operating Lease Liabilities Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 5,169
2025	5,174
2026	4,144
2027	3,643
2028	1,031
Thereafter	5,479
Total lease payments	24,640
Less: Imputed interest	(4,407)
Present value of lease liabilities	$ 20,233	$ 25,118

Allowance for Credit Loss - Nar

Allowance for Credit Loss - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Credit Loss [Abstract]
Change in allowance for credit loss	$ (32)	$ 93	$ 0

Allowance for Credit Loss - Sal

Allowance for Credit Loss - Sales-Type Lease, Allowance (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Credit Loss [Abstract]
Amortized cost	$ 63,525	$ 61,326
Allowance	(61)	(93)	$ 0
Net Investment	$ 63,464	$ 61,233
Allowance as a % of Amortized Cost	0.0010	0.0015

Allowance for Credit Loss - Inv

Allowance for Credit Loss - Investment in Sales-Type Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Sales-type Lease, Net Investment in Lease, Allowance for Credit Loss [Roll Forward]
Balance at Beginning of Period	$ 93	$ 0
Write-Offs	0	0
General Allowance	(32)	93
Balance at End of Period	$ 61	$ 93

Mortgages and Notes Payable - S

Mortgages and Notes Payable - Schedule of Mortgages and Notes Payable (Details) - Mortgages and Notes Payable - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Mortgages and notes payable	$ 60,888	$ 73,154
Unamortized debt issuance costs	(764)	(1,051)
Long-term debt	$ 60,124	$ 72,103

Mortgages and Notes Payable - A

Mortgages and Notes Payable - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Interest paid, capitalized	$ 11,059	$ 7,235	$ 2,974
Mortgages and Notes Payable
Debt Instrument [Line Items]
Weighted-average interest rate	4%	4%
Minimum | Mortgages and Notes Payable
Debt Instrument [Line Items]
Effective interest percentage	3.50%	3.50%
Maximum | Mortgages and Notes Payable
Debt Instrument [Line Items]
Effective interest percentage	4.30%	4.30%

Mortgages and Notes Payable - C

Mortgages and Notes Payable - Credit Agreement Terms (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Jul. 31, 2022	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Write off of deferred debt issuance cost		$ 132
Unsecured Term Loan
Debt Instrument [Line Items]
Debt issuance costs		3,236	$ 1,041
Unsecured Revolving Credit Facility, Expiring February 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit remaining borrowing capacity		600,000
Unsecured Revolving Credit Facility, Expiring February 2023 | Unsecured Term Loan
Debt Instrument [Line Items]
Revolving credit facility borrowings		600,000
Unsecured Term Loan, Expiring January 2025 | Unsecured Term Loan
Debt Instrument [Line Items]
Face amount		$ 300,000
Unsecured Term Loan, Expiring January 2027 | Unsecured Term Loan | Interest Rate Swap
Debt Instrument [Line Items]
Fixed interest rate from interest rate swap		2.722%
SOFR | Unsecured Revolving Credit Facility, Expiring February 2023 | Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate		0.85%
SOFR | Unsecured Term Loan, Expiring January 2025 | Unsecured Term Loan
Debt Instrument [Line Items]
Basis spread on variable rate		1%
SOFR | Revolving Credit Facility Expires in July 2026 | Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate, increase (decrease) during period	0.0010
SOFR | Revolving Credit Facility Expires in July 2026 | Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate		0.725%
SOFR | Revolving Credit Facility Expires in July 2026 | Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate		1.40%

Mortgages and Notes Payable - M

Mortgages and Notes Payable - Maturities of Long-term Debt (Details) - Mortgages, Notes Payable and Term Loan $ in Thousands	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
2024	$ 5,373
2025	5,570
2026	5,773
2027	305,984
2028	2,223
Thereafter	35,965
Long-term debt, gross	360,888
Unamortized debt issuance costs	(4,000)
Long-term debt	$ 356,888

Senior Notes, Convertible Not_3

Senior Notes, Convertible Notes and Trust Preferred Securities - Schedule of Long-term Debt Instruments (Details) - Senior Notes - USD ($) $ in Thousands	Dec. 31, 2023	Nov. 30, 2023	Dec. 31, 2022	Aug. 31, 2021
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 1,298,932		$ 998,932
Unamortized debt discounts	(4,489)		(3,228)
Unamortized debt issuance costs	(8,298)		(6,409)
Long-term debt	1,286,145		989,295
Senior Notes Due 2028
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 300,000		0
Unamortized debt discounts		$ (1,731)
Interest rate	6.75%	6.75%
Issue Price	99.423%	99.423%
Senior Notes Due 2031
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 400,000		400,000
Unamortized debt discounts				$ (968)
Interest rate	2.375%
Issue Price	99.758%
Senior Notes Due 2030
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 400,000		400,000
Interest rate	2.70%
Issue Price	99.233%
Senior Notes Due 2024
Debt Instrument [Line Items]
Long-Term Debt, Gross	$ 198,932		$ 198,932
Interest rate	4.40%
Issue Price	99.883%

Senior Notes, Convertible Not_4

Senior Notes, Convertible Notes and Trust Preferred Securities - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2007	Nov. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt satisfaction losses, net		$ (132)	$ (119)	$ (13,894)
Senior Notes
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument, unamortized discount		4,489	3,228
Debt issuance costs		$ 8,298	6,409
Senior Notes | Senior Notes Due 2028
Accounts, Notes, Loans and Financing Receivable [Line Items]
Face amount						$ 300,000
Interest rate		6.75%				6.75%
Issue price		99.423%				99.423%
Debt instrument, unamortized discount						$ 1,731
Senior Notes | Senior Notes Due 2031
Accounts, Notes, Loans and Financing Receivable [Line Items]
Face amount	$ 400,000
Interest rate		2.375%
Issue price		99.758%
Debt instrument, unamortized discount	$ 968
Senior Notes | Senior Notes Due 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest rate	4.25%
Extinguishment of debt	$ 188,756
Extinguishment of debt, make-whole premium	12,191
Extinguishment of debt, accrued and unpaid interest	2,028
Debt satisfaction losses, net	$ 12,948
6.804% Trust Preferred Securities
Accounts, Notes, Loans and Financing Receivable [Line Items]
Face amount					$ 200,000
Interest rate on Trust Preferred Securities		7.352%
Principal amount outstanding on Trust Preferred Securities		$ 129,120	129,120
Debt issuance costs		$ 1,326	$ 1,426
6.804% Trust Preferred Securities | SOFR
Accounts, Notes, Loans and Financing Receivable [Line Items]
Basis spread on variable rate					0.26%

Senior Notes, Convertible Not_5

Senior Notes, Convertible Notes and Trust Preferred Securities - Schedule of Maturities of Long-term Debt (Details) - Senior Notes, Convertible Notes, and Trust Preferred Securities $ in Thousands	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
2024	$ 198,932
2025	0
2026	0
2027	0
2028	300,000
Thereafter	929,120
Long-term debt, gross	1,428,052
Unamortized debt discounts	(4,489)
Unamortized debt issuance costs	(9,624)
Long-term debt	$ 1,413,939

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) financial_instrument	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) instrument
Derivative [Line Items]
Amount reclassified as increase to interest expense	$ 8,977
Interest expense	$ 46,389	$ 45,417	$ 46,708
Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative instruments held	4			4
Derivative notional amount	$ 300,000			$ 300,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Schedule of Derivative Instruments (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) financial_instrument	Dec. 31, 2022 USD ($)	Jul. 31, 2022 USD ($) instrument
Derivative [Line Items]
Derivative asset, statement of financial position	Other assets	Other assets
Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Derivative asset	$ 9,471	$ (16,318)
Cash Flow Hedging | Designated as Hedging Instrument | Interest Expense
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivative	3,654	24,033
Amount of (income) loss reclassified from AOCI into income	$ (11,860)	(86)
Cash Flow Hedging | Interest Rate Swap | Designated as Hedging Instrument
Derivative [Line Items]
Number of derivative instruments held	4		4
Derivative notional amount	$ 300,000		$ 300,000
Cash Flow Hedging | Interest Rate Swap | Designated as Hedging Instrument | Interest Expense
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivative	3,496	22,578
Amount of (income) loss reclassified from AOCI into income	(10,343)	(2)
Cash Flow Hedging | Interest Rate Cap | Designated as Hedging Instrument | Interest Expense
Derivative [Line Items]
Amount of gain (loss) recognized in OCI on derivative	158	1,455
Amount of (income) loss reclassified from AOCI into income	$ (1,517)	$ (84)

Equity - Additional Information

Equity - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) property shares	Aug. 31, 2022 shares
Equity [Line Items]
Shares issued, net of forfeitures (in shares)	1,284,704	930,602	949,573
Number of shares authorized to be repurchased (in shares)				10,000,000
Average cost per share (in dollars per share) | $ / shares		$ 10.78
Remaining authorized repurchase amount (in shares)	6,874,241
Preferred shares outstanding (in shares)	1,935,400	1,935,400
Preferred shares, liquidation preference | $	$ 96,770,000	$ 96,770,000
OP unit equivalent in common shares (in unit per share)	1.13
Redemption of units (in shares)			1,598,906
Shares issued for units redeemed (in shares)	832,571	39,747	185,270
Partners' capital account, exchanges and conversions | $	$ 3,393,000	$ 211,000	$ 958,000
Variable Interest Entity, Primary Beneficiary | LCIF Partnership
Equity [Line Items]
Common shares issued (in shares)	822,627
Value of shares redeemed | $	$ 7,800,000
Disposal Group, Disposed of by Sale, not Discontinued Operations | Properties Disposed by LCIF
Equity [Line Items]
Number of properties sold | property			3
LCIF | Disposal Group, Disposed of by Sale, not Discontinued Operations | Properties Disposed by LCIF
Equity [Line Items]
Number of properties sold | property			3
Forward Contracts
Equity [Line Items]
Sale of stock, number of shares issued (in shares)	3,649,023
Sale of stock, net proceeds | $	$ 38,492,000
Common Stock
Equity [Line Items]
Repurchase of common shares (in shares)	0	12,102,074
Preferred shares - Series C
Equity [Line Items]
Preferred shares outstanding (in shares)	1,935,400
Dividend rate (usd per share) | $ / shares	$ 3.25
Preferred shares, liquidation preference | $	$ 96,770,000
Convertible preferred stock, conversion ratio	2.4339
Preferred stock conversion, threshold conversion price percentage (at least)	125%
At-The-Market Offering
Equity [Line Items]
Sale of stock, authorized amount | $		$ 350,000,000
Sale of stock, amount available for issuance | $	$ 294,985,000
Underwritten Offering
Equity [Line Items]
Sale of stock, number of shares issued (in shares)		16,000,000
Sale of stock (in dollars per share) | $ / shares		$ 12.11
Underwritten Offering | Forward Contracts
Equity [Line Items]
Common stock, shares to be settled on forward basis, aggregate value | $	$ 183,419,000

Equity - Schedule of Changes in

Equity - Schedule of Changes in AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Changes in Accumulated Other Comprehensive Income
Balance at beginning of period	$ 2,391,003	$ 2,323,228
Balance at end of period	2,265,457	2,391,003
Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated Other Comprehensive Income
Balance at beginning of period	17,689	(6,258)
Balance at end of period	9,483	17,689
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent
Changes in Accumulated Other Comprehensive Income
Other comprehensive income before reclassifications	3,654	24,033
Amounts of (income) reclassified from accumulated other comprehensive income to interest expense	$ (11,860)	$ (86)

Equity - Schedule of Effects of

Equity - Schedule of Effects of Changes in Noncontrolling Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Net income attributable to LXP Industrial Trust shareholders	$ 30,383	$ 113,783	$ 382,648
Increase in additional paid-in-capital for reallocation of noncontrolling interests	0	0	435
Increase in additional paid-in-capital for redemption of noncontrolling OP units	3,393	211	958
Change from net income attributable to shareholders and transfers from noncontrolling interests	$ 33,776	$ 113,994	$ 384,041

Benefit Plans - Non-Vested Shar

Benefit Plans - Non-Vested Share Activity (Details) - Non-vested Shares - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of shares outstanding, beginning (in shares)	2,058,890	2,290,644
Number of shares granted (in shares)	1,191,697	860,665
Number of shares vested (in shares)	(526,453)	(951,472)
Number of shares forfeited (in shares)	(184,661)	(140,947)
Number of shares outstanding, ending (in shares)	2,539,473	2,058,890
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Value per share outstanding, beginning (usd per share)	$ 8.70	$ 7.17
Value per share granted (usd per share)	7.97	10.97
Value per share vested (usd per share)	9.08	7
Value per share forfeited (usd per share)	6.34	9.21
Value per share outstanding, ending (usd per share)	$ 8.45	$ 8.70

Benefit Plans - Shares Granted

Benefit Plans - Shares Granted to Certain Employees and Trustees (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2019
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)			443,359	552,121
Measurement period (in years)	3 years
Number of shares vested (in shares)	266,812	552,121
Index Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	407,611	282,720
Value per share granted (usd per share)	$ 6.96	$ 9.40
Peer Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	407,606	282,715
Value per share granted (usd per share)	$ 6.50	$ 8.78
Non-vested Common Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	376,480	295,230
Grant date fair value (usd per share)	$ 4,010	$ 4,304
Vesting period (in years)	3 years

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares held in employee trust (in shares)	130,863	130,863
Initial vesting percentage	25%
Vesting percentage	100%
Vesting period (in years)	4 years
Cost recognized	$ 499	$ 480	$ 426
Allocated share-based compensation expense	$ 8,210	$ 6,636	$ 6,554
Non-Management Award Grant
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares issued for services (in shares)	93,007	69,937	50,245
Shares issued for services, value	$ 939	$ 849	$ 587
Non-vested Shares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Non-options, nonvested, number (in shares)	2,539,473	2,058,890	2,290,644
Number of shares available for grant (in shares)	2,994,544
Compensation cost not yet recognized	$ 9,157
Total compensation cost not yet recognized, period for recognition (in years)	1 year 8 months 12 days
Shares Subject to Time
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Non-options, nonvested, number (in shares)	642,552
Shares Subject to Performance
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Non-options, nonvested, number (in shares)	1,896,921

Income Taxes - Components of In

Income Taxes - Components of Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 0	$ 0	$ (26)
State and local	(774)	(1,120)	(1,267)
Deferred federal	71	18	0
Total	$ (703)	$ (1,102)	$ (1,293)

Income Taxes - Statutory Federa

Income Taxes - Statutory Federal Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal provision at statutory tax rate (21%)	$ 71	$ 18	$ (35)
State and local taxes, net of federal benefit	0	0	0
Other	(774)	(1,120)	(1,258)
Total	$ (703)	$ (1,102)	$ (1,293)
Effective income tax rate reconciliation, at federal statutory income tax rate (in percent)	21%	21%	21%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes [Line Items]
Operating loss carryforwards	$ 423	$ 84
Net deferred tax assets	89	18
State and Local Jurisdiction
Income Taxes [Line Items]
State taxes paid	$ 774	$ 1,121	$ 1,267

Income Taxes - Summary of Avera

Income Taxes - Summary of Average Taxable Nature of Dividends (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Common Stock
Income Tax Contingency [Line Items]
Total dividends per share, common (usd per share)	$ 0.50	$ 0.48	$ 0.43
Taxable percentage allocation on dividends	100%	100%	100%
Common Stock | Ordinary income
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	71.67%	81.26%	65.89%
Common Stock | Qualifying dividend
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	0%	0%	0.10%
Common Stock | Capital gain
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	0%	0%	0%
Common Stock | Return of capital
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	28.33%	18.74%	34.01%
Preferred shares - Series C
Income Tax Contingency [Line Items]
Total dividends per share, preferred (usd per share)	$ 3.25	$ 3.25	$ 3.25
Taxable percentage allocation on dividends	100%	100%	100%
Preferred shares - Series C | Ordinary income
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	100%	100%	99.84%
Preferred shares - Series C | Qualifying dividend
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	0%	0%	0.16%
Preferred shares - Series C | Capital gain
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	0%	0%	0%
Preferred shares - Series C | Return of capital
Income Tax Contingency [Line Items]
Taxable percentage allocation on dividends	0%	0%	0%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Consolidated Properties
Real Estate [Line Items]
Estimated construction costs	$ 53,200

Supplemental Disclosure of St_3

Supplemental Disclosure of Statement of Cash Flow Information - Supplemental Disclosure of Statement of Cash Flow Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information [Abstract]
Cash and cash equivalents	$ 199,247	$ 54,390	$ 190,926	$ 178,795
Restricted cash	216	116	101	626
Cash, cash equivalents, and restricted cash	$ 199,463	$ 54,506	$ 191,027	$ 179,421

Supplemental Disclosure of St_4

Supplemental Disclosure of Statement of Cash Flow Information - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) asset property
Other Significant Noncash Transactions [Line Items]
Interest paid	$ 51,763	$ 48,675	$ 44,234
Income taxes paid, net	951	1,265	1,569
Noncash increase to real estate investments under construction	21,052	$ 42,962	41,100
Transfer mortgage payable			$ 11,610
Number of properties encumbered | property			1
Lease obligation incurred			$ 1,589
Right-of-use asset obtained			$ 1,589
Palo Alto Office Property | Palo Alto, California
Other Significant Noncash Transactions [Line Items]
Real estate, cost derecognized	29,375
Real estate, accumulated depreciation and amortization derecognized	$ 29,375
NNN MFG Cold JV L.P.
Other Significant Noncash Transactions [Line Items]
Co-venture equity ownership percentage	20%		20%
Noncash increase in equity method investment			$ 28,075
Etna Park 70 LLC
Other Significant Noncash Transactions [Line Items]
Co-venture equity ownership percentage	90%
Gain on purchase of land recognized as a noncash decrease to land basis acquired	$ 1,392
RR Ocala 44, LLC
Other Significant Noncash Transactions [Line Items]
Noncash increase to real estate investments under construction			489
Noncontrolling interest liability assumed			489
Variable Interest Entity, Primary Beneficiary | LCIF Partnership
Other Significant Noncash Transactions [Line Items]
Value of shares redeemed	$ 7,800
Non-Recourse Mortgage | NNN MFG Cold JV L.P.
Other Significant Noncash Transactions [Line Items]
Transfer mortgage payable			25,850
LCIF | Non-Recourse Mortgage
Other Significant Noncash Transactions [Line Items]
Transfer mortgage payable			$ 11,610
Disposal Group, Disposed of by Sale, not Discontinued Operations | NNN MFG Cold JV L.P.
Other Significant Noncash Transactions [Line Items]
Number of properties sold | asset			22
Disposal Group, Disposed of by Sale, not Discontinued Operations | Properties Disposed by LCIF
Other Significant Noncash Transactions [Line Items]
Number of properties sold | property			3
Disposal Group, Disposed of by Sale, not Discontinued Operations | Properties Disposed by LCIF | LCIF
Other Significant Noncash Transactions [Line Items]
Number of properties sold | property			3
Proceeds from sale of real estate, noncash transaction			$ 22,305

Subsequent Events (Details)

Subsequent Events (Details)	2 Months Ended	12 Months Ended
	Feb. 15, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Subsequent Events		Subsequent Events
Subsequent Event | The Cubes at Etna East | Columbus, OH
Subsequent Event [Line Items]
Noncontrolling interest, additional ownership percentage purchased by parent	5%

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Schedule III (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate and Accumulated Depreciation [Line Items]
Land and Land Estates	$ 348,133
Buildings and Improvements	3,424,334
Total	3,774,239	$ 3,691,066	$ 3,583,978	$ 3,514,564
Accumulated depreciation and amortization	713,377	$ 627,027	$ 504,699	$ 684,468
Deferred loan costs, net	764
Encumbrances, net of deferred loan costs	$ 60,124
Building and improvements
Real Estate and Accumulated Depreciation [Line Items]
Useful life computing depreciation in latest income statement (years)	40 years
Land estates
Real Estate and Accumulated Depreciation [Line Items]
Useful life computing depreciation in latest income statement (years)	51 years
Industrial Property | Chandler, AZ | Chandler, AZ, Industrial Property, Acquired Nov-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 0
Land and Land Estates	10,733
Buildings and Improvements	69,517
Total	80,250
Accumulated depreciation and amortization	10,236
Industrial Property | Goodyear, AZ | Goodyear, AZ Industrial Acquired Nov-18
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	5,247
Buildings and Improvements	36,115
Total	41,362
Accumulated depreciation and amortization	8,388
Industrial Property | Goodyear, AZ | Goodyear, AZ Industrial Acquired Nov-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	40,193
Land and Land Estates	11,970
Buildings and Improvements	50,072
Total	62,042
Accumulated depreciation and amortization	9,099
Industrial Property | Goodyear, AZ | Goodyear, AZ Industrial Acquired Jan-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,614
Buildings and Improvements	16,222
Total	17,836
Accumulated depreciation and amortization	2,633
Industrial Property | Goodyear, AZ | Goodyear, AZ Industrial Acquired Nov-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	11,732
Buildings and Improvements	52,840
Total	64,572
Accumulated depreciation and amortization	4,654
Industrial Property | Goodyear, AZ | Goodyear, AZ Industrial Acquired Dec-23
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	7,552
Buildings and Improvements	29,621
Total	37,173
Accumulated depreciation and amortization	1,304
Industrial Property | Phoenix, AZ | Phoenix, AZ Industrial Acquired Dec-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	8,027
Buildings and Improvements	78,258
Total	86,285
Accumulated depreciation and amortization	7,358
Industrial Property | Phoenix, AZ | Phoenix, AZ Industrial Acquired Apr-22
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	5,366
Buildings and Improvements	50,281
Total	55,647
Accumulated depreciation and amortization	3,674
Industrial Property | Tolleson, AZ | Tolleson, AZ Industrial Acquired Oct 19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,311
Buildings and Improvements	16,013
Total	19,324
Accumulated depreciation and amortization	3,001
Industrial Property | Lakeland, FL | Lakeland, FL Industrial Acquired Jan-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,416
Buildings and Improvements	20,986
Total	22,402
Accumulated depreciation and amortization	2,612
Industrial Property | Ocala, FL | Ocala, FL, Industrial Property, Acquired Jun-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	4,113
Buildings and Improvements	50,034
Total	54,147
Accumulated depreciation and amortization	7,667
Industrial Property | Orlando, FL | Orlando, FL, Industrial Property, Acquired Dec-06
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,030
Buildings and Improvements	10,869
Total	11,899
Accumulated depreciation and amortization	5,210
Industrial Property | Plant City, FL | Plant City, FL Industrial Acquired Dec-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,610
Buildings and Improvements	48,433
Total	51,043
Accumulated depreciation and amortization	5,454
Industrial Property | Tampa, FL | Tampa, FL, Industrial Property, Acquired Jul-88
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,160
Buildings and Improvements	11,109
Total	13,269
Accumulated depreciation and amortization	8,489
Industrial Property | Adairsville, GA | Adairsville, GA Industrial Acquired Dec-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,465
Buildings and Improvements	23,950
Total	25,415
Accumulated depreciation and amortization	2,182
Industrial Property | Austell, GA | Austell, GA, Industrial Property, Acquired Jun-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,251
Buildings and Improvements	51,518
Total	54,769
Accumulated depreciation and amortization	14,361
Industrial Property | Cartersville, GA | Cartersville, GA Industrial Acquired Dec-21 Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,497
Buildings and Improvements	42,242
Total	44,739
Accumulated depreciation and amortization	3,802
Industrial Property | Cartersville, GA | Cartersville, GA Industrial Acquired Dec-21 Property
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,006
Buildings and Improvements	33,279
Total	35,285
Accumulated depreciation and amortization	2,919
Industrial Property | Fairburn, GA | Fairburn, GA, Industrial Property, Acquired Nov-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	7,209
Buildings and Improvements	44,030
Total	51,239
Accumulated depreciation and amortization	4,288
Industrial Property | McDonough, GA | McDonough, GA Industrial Acquired Aug-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	5,441
Buildings and Improvements	52,790
Total	58,231
Accumulated depreciation and amortization	14,062
Industrial Property | McDonough, GA | McDonough, GA Industrial Acquired Feb-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,253
Buildings and Improvements	31,387
Total	34,640
Accumulated depreciation and amortization	6,641
Industrial Property | Pooler, GA | Pooler, GA, Industrial Property, Acquired Apr-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,690
Buildings and Improvements	30,356
Total	32,046
Accumulated depreciation and amortization	4,997
Industrial Property | Rincon, GA | Rincon, GA, Industrial Property, Acquired Sep-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,775
Buildings and Improvements	34,357
Total	38,132
Accumulated depreciation and amortization	4,941
Industrial Property | Savannah, GA | Savannah, GA, Industrial Property Acquired Jun-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,560
Buildings and Improvements	25,812
Total	28,372
Accumulated depreciation and amortization	3,970
Industrial Property | Savannah, GA | Savannah, GA, Industrial Property Acquired Jun-20, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,070
Buildings and Improvements	7,458
Total	8,528
Accumulated depreciation and amortization	1,151
Industrial Property | Union City, GA | Union City, GA, Industrial Property, Acquired Jun-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,536
Buildings and Improvements	22,830
Total	25,366
Accumulated depreciation and amortization	4,536
Industrial Property | Edwardsville, IL | Edwardsville, IL Industrial Acquired Dec-16
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	4,593
Buildings and Improvements	34,817
Total	39,410
Accumulated depreciation and amortization	10,120
Industrial Property | Edwardsville, IL | Edwardsville, IL Industrial Acquired Jun- 18
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,649
Buildings and Improvements	41,338
Total	44,987
Accumulated depreciation and amortization	10,253
Industrial Property | Minooka, IL | Minooka, Illinois, Industrial Property Acquired Jan-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,788
Buildings and Improvements	34,301
Total	36,089
Accumulated depreciation and amortization	5,614
Industrial Property | Minooka, IL | Minooka, Illinois, Industrial Property Acquired Dec-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,432
Buildings and Improvements	40,949
Total	44,381
Accumulated depreciation and amortization	7,100
Industrial Property | Minooka, IL | Minooka, Illinois, Industrial Property Acquired Jan-20, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,681
Buildings and Improvements	45,817
Total	49,498
Accumulated depreciation and amortization	7,746
Industrial Property | Rantoul, IL | Rantoul, IL, Industrial Property, Acquired Jan-14
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,304
Buildings and Improvements	32,562
Total	33,866
Accumulated depreciation and amortization	8,947
Industrial Property | Rockford, IL | Rockford, IL Industrial Acquired Dec-06
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	371
Buildings and Improvements	4,624
Total	4,995
Accumulated depreciation and amortization	1,282
Industrial Property | Rockford, IL | Rockford, IL Industrial Acquired Dec-06, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	509
Buildings and Improvements	5,921
Total	6,430
Accumulated depreciation and amortization	2,548
Industrial Property | Lafayette, IN | Lafayette, IN, Industrial Property, Acquired Oct-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	662
Buildings and Improvements	15,814
Total	16,476
Accumulated depreciation and amortization	5,033
Industrial Property | Lebanon, IN | Lebanon, IN, Industrial Property, Acquired Feb-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,100
Buildings and Improvements	29,996
Total	32,096
Accumulated depreciation and amortization	8,475
Industrial Property | Whiteland, IN | Whiteland, IN Industrial Acquired Oct-21 Property
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	741
Buildings and Improvements	14,486
Total	15,227
Accumulated depreciation and amortization	1,413
Industrial Property | Whiteland, IN | Whiteland, IN Industrial Acquired Oct-21 Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,991
Buildings and Improvements	39,334
Total	41,325
Accumulated depreciation and amortization	3,952
Industrial Property | Whiteland, IN | Whiteland, IN Industrial Acquired Oct-21 Property 3
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	695
Buildings and Improvements	13,956
Total	14,651
Accumulated depreciation and amortization	1,359
Industrial Property | Whitestown, IN | Whitestown, IN Industrial Acquired Jan-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,162
Buildings and Improvements	11,825
Total	12,987
Accumulated depreciation and amortization	1,510
Industrial Property | Whitestown, IN | Whitestown, IN Industrial Acquired Jan-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,954
Buildings and Improvements	17,011
Total	18,965
Accumulated depreciation and amortization	3,663
Industrial Property | Whitestown, IN | Whitestown, IN Industrial Acquired Jan-21 Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,208
Buildings and Improvements	12,052
Total	13,260
Accumulated depreciation and amortization	1,543
Industrial Property | Whitestown, IN | Whitestown, IN Industrial Acquired Dec-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	8,335
Buildings and Improvements	80,054
Total	88,389
Accumulated depreciation and amortization	7,391
Industrial Property | New Century, KS | New Century, KS, Industrial Property, Acquired Feb-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	0
Buildings and Improvements	13,424
Total	13,424
Accumulated depreciation and amortization	4,131
Industrial Property | Walton, KY | Walton, KY Industrial Acquired Feb-22
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,010
Buildings and Improvements	23,837
Total	25,847
Accumulated depreciation and amortization	1,986
Industrial Property | Walton, KY | Walton, KY Industrial Acquired Feb-22 Property #2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	4,197
Buildings and Improvements	41,043
Total	45,240
Accumulated depreciation and amortization	3,312
Industrial Property | Minneapolis, MN | Minneapolis, MN, Industrial Property, Acquired Sep-12
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,886
Buildings and Improvements	1,922
Total	3,808
Accumulated depreciation and amortization	677
Industrial Property | Byhalia, MS | Byhalia, MS Industrial Property Acquired May-11
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,006
Buildings and Improvements	35,795
Total	36,801
Accumulated depreciation and amortization	11,789
Industrial Property | Byhalia, MS | Byhalia, MS Industrial Property Acquired Sep-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,751
Buildings and Improvements	31,452
Total	33,203
Accumulated depreciation and amortization	11,269
Industrial Property | Canton, MS | Canton, MS, Industrial Property, Acquired Mar-15
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	5,077
Buildings and Improvements	71,289
Total	76,366
Accumulated depreciation and amortization	29,939
Industrial Property | Olive Branch, MS | Olive Branch, MS Industrial Acquired Apr- 18
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,500
Buildings and Improvements	48,907
Total	51,407
Accumulated depreciation and amortization	11,159
Industrial Property | Olive Branch, MS | Olive Branch, MS Industrial Acquired Apr- 18, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,958
Buildings and Improvements	38,702
Total	40,660
Accumulated depreciation and amortization	10,289
Industrial Property | Olive Branch, MS | Olive Branch, MS Industrial Acquired May-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,646
Buildings and Improvements	40,446
Total	43,092
Accumulated depreciation and amortization	7,979
Industrial Property | Olive Branch, MS | Olive Branch, MS Industrial Acquired May-19, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	851
Buildings and Improvements	15,630
Total	16,481
Accumulated depreciation and amortization	3,029
Industrial Property | Shelby, NC | Shelby, NC, Industrial Property, Acquired June-11
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,421
Buildings and Improvements	18,862
Total	20,283
Accumulated depreciation and amortization	8,389
Industrial Property | Statesville, NC | Statesville, NC Industrial Acquired Dec-06
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	891
Buildings and Improvements	21,994
Total	22,885
Accumulated depreciation and amortization	8,767
Industrial Property | Erwin, NY | Erwin, NY, Industrial Property, Acquired Sep-12
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,648
Buildings and Improvements	12,514
Total	14,162
Accumulated depreciation and amortization	5,424
Industrial Property | Long Island City, NY | Long Island City, NY, Industrial Property, Acquired Mar-13
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	20,695
Land and Land Estates	0
Buildings and Improvements	42,759
Total	42,759
Accumulated depreciation and amortization	30,823
Industrial Property | Chillicothe, OH | Chillicothe, OH, Industrial Property, Acquired Oct-11
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	735
Buildings and Improvements	12,464
Total	13,199
Accumulated depreciation and amortization	5,175
Industrial Property | Columbus, OH | Columbus, OH, Industrial Property, Acquired Aug-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,251
Buildings and Improvements	25,349
Total	27,600
Accumulated depreciation and amortization	2,601
Industrial Property | Etna, OH | Etna, OH Industrial, Acquired Dec-23
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	6,536
Buildings and Improvements	57,988
Total	64,524
Accumulated depreciation and amortization	386
Industrial Property | Glenwillow, OH | Glenwillow, OH Industrial, Acquired Dec-06
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,228
Buildings and Improvements	24,530
Total	26,758
Accumulated depreciation and amortization	10,767
Industrial Property | Hebron, OH | Hebron, OH Industrial, Acquired Dec-97
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,803
Buildings and Improvements	15,128
Total	16,931
Accumulated depreciation and amortization	3,106
Industrial Property | Hebron, OH | Hebron, OH Industrial, Acquired Dec-01
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,052
Buildings and Improvements	14,312
Total	16,364
Accumulated depreciation and amortization	5,098
Industrial Property | Lockbourne, OH | Lockbourne, OH Industrial Acquired Mar-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,800
Buildings and Improvements	16,678
Total	19,478
Accumulated depreciation and amortization	2,288
Industrial Property | Monroe, OH | Monroe, OH Industrial Acquired Dec-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,109
Buildings and Improvements	16,477
Total	17,586
Accumulated depreciation and amortization	1,855
Industrial Property | Monroe, OH | Monroe, OH Industrial Acquired Sep-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	544
Buildings and Improvements	14,120
Total	14,664
Accumulated depreciation and amortization	2,617
Industrial Property | Monroe, OH | Monroe, OH Industrial Acquired Sep-19, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,123
Buildings and Improvements	60,702
Total	63,825
Accumulated depreciation and amortization	11,740
Industrial Property | Monroe, OH | Monroe, OH Industrial Acquired Sep-19, Property 3
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,950
Buildings and Improvements	88,422
Total	92,372
Accumulated depreciation and amortization	16,467
Industrial Property | Streetsboro, OH | Streetsboro, OH Industrial Acquired Jun-07
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,441
Buildings and Improvements	25,351
Total	27,792
Accumulated depreciation and amortization	13,520
Industrial Property | Bristol, PA | Bristol, PA Industrial Acquired Mar-98
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,508
Buildings and Improvements	15,863
Total	18,371
Accumulated depreciation and amortization	10,460
Industrial Property | Duncan, SC | Duncan, SC Industrial Acquired Jul-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,819
Buildings and Improvements	24,509
Total	27,328
Accumulated depreciation and amortization	2,646
Industrial Property | Duncan, SC | Duncan, SC Industrial Acquired Jul-21, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,169
Buildings and Improvements	23,070
Total	24,239
Accumulated depreciation and amortization	2,448
Industrial Property | Duncan, SC | Duncan, SC Industrial Acquired Jul-21 Property 3
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,016
Buildings and Improvements	18,328
Total	19,344
Accumulated depreciation and amortization	1,915
Industrial Property | Duncan, SC | Duncan, SC Industrial Acquired Jul-21, Property 4
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,705
Buildings and Improvements	27,817
Total	29,522
Accumulated depreciation and amortization	2,971
Industrial Property | Duncan, SC | Duncan, SC Industrial Acquired Oct-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,406
Buildings and Improvements	14,282
Total	15,688
Accumulated depreciation and amortization	2,639
Industrial Property | Duncan, SC | Duncan, SC Industrial Acquired Oct-19, Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,257
Buildings and Improvements	13,439
Total	14,696
Accumulated depreciation and amortization	2,459
Industrial Property | Duncan, SC | Duncan, SC Industrial Acquired Apr-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,615
Buildings and Improvements	27,830
Total	29,445
Accumulated depreciation and amortization	5,747
Industrial Property | Greer, SC | Greer, SC Industrial Acquired Jun-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,329
Buildings and Improvements	22,393
Total	23,722
Accumulated depreciation and amortization	2,387
Industrial Property | Greer, SC | Greer, SC Industrial Acquired Dec-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	6,959
Buildings and Improvements	78,405
Total	85,364
Accumulated depreciation and amortization	13,323
Industrial Property | Greer, SC | Greer, SC Industrial Property Acquired Jun-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,376
Buildings and Improvements	32,129
Total	34,505
Accumulated depreciation and amortization	3,437
Industrial Property | Greer, SC | Greer, SC Industrial Property, Acquired Dec-22
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,484
Buildings and Improvements	62,591
Total	65,075
Accumulated depreciation and amortization	3,131
Industrial Property | Greer, SC | Greer, SC, Industrial Property, Acquired Dec-23
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,795
Buildings and Improvements	19,881
Total	21,676
Accumulated depreciation and amortization	133
Industrial Property | Spartanburg,SC | Spartanburg, SC Industrial Acquired Aug-18
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,447
Buildings and Improvements	23,758
Total	25,205
Accumulated depreciation and amortization	6,519
Industrial Property | Spartanburg,SC | Spartanburg, SC Industrial Acquired Dec-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,186
Buildings and Improvements	15,820
Total	17,006
Accumulated depreciation and amortization	2,090
Industrial Property | Antioch, TN | Antioch, TN, Industrial Property, Acquired May-07
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,847
Buildings and Improvements	17,591
Total	21,438
Accumulated depreciation and amortization	6,632
Industrial Property | Cleveland, TN | Cleveland, TN, Industrial Property, Acquired May-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,871
Buildings and Improvements	29,743
Total	31,614
Accumulated depreciation and amortization	8,652
Industrial Property | Jackson, TN | Jackson, TN, Industrial Property, Acquired Sep-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,454
Buildings and Improvements	49,134
Total	50,588
Accumulated depreciation and amortization	13,148
Industrial Property | Lewisburg, TN | Lewisburg, TN, Industrial Property, Acquired May-14
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	173
Buildings and Improvements	10,865
Total	11,038
Accumulated depreciation and amortization	3,280
Industrial Property | Millington, TN | Millington, TN, Industrial Property, Acquired Apr-05
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	723
Buildings and Improvements	20,664
Total	21,387
Accumulated depreciation and amortization	16,213
Industrial Property | Smyrna, TN | Smyrna, TN, Industrial Property, Acquired Sep-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,793
Buildings and Improvements	93,940
Total	95,733
Accumulated depreciation and amortization	25,769
Industrial Property | Carrollton, TX | Carrollton, TX, Industrial Property, Acquired Sep-18
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,228
Buildings and Improvements	16,234
Total	19,462
Accumulated depreciation and amortization	5,190
Industrial Property | Dallas, TX | Dallas, TX, Industrial Property, Acquired Apr-19
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,420
Buildings and Improvements	23,644
Total	26,064
Accumulated depreciation and amortization	4,621
Industrial Property | Deer Park, TX | Deer Park, TX, Industrial Property, Acquired May-2023
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	6,489
Buildings and Improvements	28,470
Total	34,959
Accumulated depreciation and amortization	3,312
Industrial Property | Grand Prairie, TX | Grand Prairie, TX, Industrial Property, Acquired Jun-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,166
Buildings and Improvements	17,985
Total	21,151
Accumulated depreciation and amortization	5,069
Industrial Property | Houston, TX | Houston, TX Industrial Property, Acquired Mar-13
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	15,055
Buildings and Improvements	57,949
Total	73,004
Accumulated depreciation and amortization	19,390
Industrial Property | Hutchins, TX | Hutchins, TX, Industrial Property, Acquired May-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,307
Buildings and Improvements	8,472
Total	9,779
Accumulated depreciation and amortization	1,352
Industrial Property | Lancaster, TX | Lancaster, TX, Industrial Property, Acquired Dec-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,847
Buildings and Improvements	25,037
Total	28,884
Accumulated depreciation and amortization	3,293
Industrial Property | Lancaster, TX | Lancaster, TX, Industrial Property, Acquired Jul-2023, Non-Stabilized
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,100
Buildings and Improvements	12,918
Total	15,018
Accumulated depreciation and amortization	284
Industrial Property | Missouri City, TX | Missouri City, TX, Industrial Property, Acquired, Apr-12
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	14,555
Buildings and Improvements	5,895
Total	20,450
Accumulated depreciation and amortization	5,895
Industrial Property | Northlake, TX | Northlake, TX Industrial Acquired Feb-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	4,500
Buildings and Improvements	71,636
Total	76,136
Accumulated depreciation and amortization	11,739
Industrial Property | Northlake, TX | Northlake, TX Industrial Acquired Dec-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,938
Buildings and Improvements	37,189
Total	41,127
Accumulated depreciation and amortization	5,129
Industrial Property | Pasadena, TX | Pasadena, TX Industrial Acquired May-21
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	4,272
Buildings and Improvements	22,295
Total	26,567
Accumulated depreciation and amortization	2,567
Industrial Property | Pasadena, TX | Pasadena, TX Industrial Acquired Jun-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,202
Buildings and Improvements	17,135
Total	19,337
Accumulated depreciation and amortization	2,583
Industrial Property | Pasadena, TX | Pasadena, TX Industrial Acquired May-21 Property 2
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,792
Buildings and Improvements	9,089
Total	10,881
Accumulated depreciation and amortization	1,036
Industrial Property | Pasadena, TX | Pasadena, TX Industrial Acquired Aug-18
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	4,057
Buildings and Improvements	17,810
Total	21,867
Accumulated depreciation and amortization	4,327
Industrial Property | San Antonio, TX | San Antonio, TX, Industrial Property, Acquired Jun-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,311
Buildings and Improvements	36,644
Total	37,955
Accumulated depreciation and amortization	10,245
Industrial Property | Chester, VA | Chester, VA, Industrial Property, Acquired, Dec-18
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	8,544
Buildings and Improvements	53,067
Total	61,611
Accumulated depreciation and amortization	13,391
Industrial Property | Winchester, VA | Winchester, VA Industrial Acquired Dec-17
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,988
Buildings and Improvements	32,536
Total	34,524
Accumulated depreciation and amortization	8,351
Industrial Property | Winchester, VA | Winchester, VA Industrial Acquired Sept-20
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	2,818
Buildings and Improvements	24,422
Total	27,240
Accumulated depreciation and amortization	3,567
Industrial Property | Winchester, VA | Winchester, VA Industrial Acquired Jun-07
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	3,823
Buildings and Improvements	12,498
Total	16,321
Accumulated depreciation and amortization	5,857
Industrial Property | Ruskin, FL | Ruskin, FL, Industrial Property, Acquired Dec-23, Non-Stabilized
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	1,961
Buildings and Improvements	6,024
Total	7,985
Accumulated depreciation and amortization	20
Other Property | Baltimore, MD
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	0
Land and Land Estates	4,605
Buildings and Improvements	0
Total	4,605
Accumulated depreciation and amortization	0
Construction in Progress
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances
Land and Land Estates
Buildings and Improvements
Total	1,772
Accumulated depreciation and amortization

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Summary (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Total cost basis for federal income tax purposes	$ 4,400,000,000
Reconciliation of real estate owned:
Balance at the beginning of year	3,691,066,000	$ 3,583,978,000	$ 3,514,564,000
Additions during year	164,489,000	229,962,000	860,311,000
Properties sold and impaired during the year	(174,466,000)	(161,393,000)	(653,247,000)
Other reclassifications	93,150,000	38,519,000
Other reclassifications			(137,650,000)
Balance at end of year	3,774,239,000	3,691,066,000	3,583,978,000
Reconciliation of accumulated depreciation and amortization:
Balance at the beginning of year	627,027,000	504,699,000	684,468,000
Depreciation and amortization expense	147,617,000	144,163,000	138,879,000
Accumulated depreciation and amortization of properties sold and impaired during year	(100,474,000)	(43,521,000)	(244,751,000)
Other reclassifications	39,207,000	21,686,000	(73,897,000)
Balance at end of year	$ 713,377,000	$ 627,027,000	$ 504,699,000