LXP Industrial Trust announced a proposed all-cash merger with affiliates of Brookfield Asset Management and Canada Pension Plan Investment Board to acquire the company for $61.20 per share, valuing the transaction at approximately $5.2 billion including net debt and preferred equity. The offer represents premiums of 12.3% and 19.8% over LXP's 30-day and 90-day volume-weighted average prices, respectively. The board unanimously approved the deal, which is expected to close by the end of Q4 2026 pending shareholder approval. Concurrently, LXP reported second-quarter 2026 financial results, recording a net loss attributable to common shareholders of $(1.6) million or $(0.03) per diluted share, and Adjusted Company FFO of $49.5 million or $0.84 per diluted share. The company also suspended its regular quarterly common dividend effective immediately pursuant to the merger agreement terms. LXP Industrial Trust is a real estate investment trust focused on Class A warehouse and distribution properties.