LXP Industrial Trust LXP McDonough, Georgia — Insurance recovery amount
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Where this comes from
Reported directly by LXP Industrial Trust in its filing.
Tagged under the XBRL concept us-gaap:UnusualOrInfrequentItemInsuranceProceeds.
The source filing: LXP Industrial Trust’s 10-Q, filed April 29, 2026.
- Filed
- Apr 29, 2026, 11:32 AM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000910108-26-000030
On May 10, 2025, the Company experienced a fire at a warehouse facility located in McDonough, Georgia, which resulted in damage to certain property, plant and equipment. The affected assets primarily included a portion of the roof and a small portion of the exterior wall of the building. During the three months ended March 31, 2026, the Company recorded an estimated loss of $257, representing a portion of the net book value of damaged property, offset by $2,561 in insurance proceeds received resulting in a net casualty gain of $2,304. The realized gain represents the insurance proceeds received in excess of the estimated casualty losses, net of the non-reimbursable portion of the Company's insurance deductible, and is included in Gain on sale or disposal of, and recovery on, real estate, net in the unaudited Condensed Consolidated Statements of Operations for the three month period ended March 31, 2026. As of March 31, 2026, the amounts of the actual loss and the insurance proceeds remain subject to adjustment by the insurance carrier.
Item 1. Financial Statement
FAQ
- What is LXP Industrial Trust's mcdonough, georgia — insurance recovery amount?
- LXP Industrial Trust (LXP) reported mcdonough, georgia — insurance recovery amount of $2.56M in Q1 2026.
- What does mcdonough, georgia — insurance recovery amount mean?
- This metric quantifies the total proceeds received from insurance providers to compensate for property damage or losses within the McDonough, Georgia portfolio. It serves as a measure of the company's ability to mitigate financial impact from insured events through effective risk management and claims processing. Monitoring this helps stakeholders understand the recovery of value following operational disruptions or physical asset impairment.
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