LXP Industrial Trust Delisted from NYSE Following Cash Buyout

Event Overview

On November 2, 2026, the New York Stock Exchange filed Form 25-NSE notifying the Securities and Exchange Commission of its removal of LXP Industrial Trust's securities from listing and registration pursuant to Rule 12d2-2(a)(3).

Trading in LXP's securities was suspended on November 2, 2026, and full delisting becomes effective at the opening of business on November 13, 2026.

Transaction Details

• Merger Parties: LXP Industrial Trust merged into Leopard Merger Sub LLC, a wholly owned indirect subsidiary of Leopard REIT LLC, jointly owned by affiliates of Brookfield Asset Management Ltd. and the Canada Pension Plan Investment Board (CPPIB).
• Common Stock Consideration: Each share of Common Stock was cancelled and converted into the right to receive $61.20 in cash, without interest.
• Preferred Stock Treatment: Each share of 6.50% Series C Cumulative Convertible Preferred Stock was cancelled and converted into one Series C Cumulative Convertible Preferred Unit of the surviving entity.

Market Impact

As a result of the completed transaction, LXP Industrial Trust has ceased trading on public markets as it transitions into a privately held entity under Brookfield and CPPIB ownership.