LXP Industrial Trust agrees to $5.2B all-cash merger with Brookfield/CPP at $61.20/share

Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read

Key Changes

• high

  LXP agreed to be acquired by Brookfield and CPP Investments for $61.20/share in cash, a 12.3% premium to 30-day VWAP and 19.8% premium to 90-day VWAP, in a transaction valued at ~$5.2B including net debt and preferred equity, expected to close by end of Q4 2026 pending shareholder approval.

  Exhibit 99.1 view on EDGAR →
• high

  LXP suspended its regular quarterly common share dividend effective immediately per the merger agreement terms, while preferred shareholders will continue receiving regular dividends.

  Exhibit 99.1 view on EDGAR →
• medium

  LXP reported Q2 2026 Adjusted Company FFO of $0.84/diluted share, up 5.0% from $0.80 in Q2 2025, reflecting improved operating performance.

  Exhibit 99.2 view on EDGAR →