Lxp Industrial Trust · NYSE:LXP

Lxp Industrial Trust — Lexington Realty Trust — Presentation (February 2015)

14 slides from Lxp Industrial Trust's investor presentation, Feb 12, 2015

  1. Slide 1: Executive Compensation Update February 2015

    LEXINGTON REALTY TRUST A real estate investment trust specializing in single-tenant commercial properties. Executive Compensation Update February 2015 Exhibit 99.1

  2. Slide 2: Disclosure

    Disclosure This presentation may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve known and unknown risks, uncertainties or other factors not under

  3. Slide 3: Index

    Index  2014 “Say-on-Pay” Vote  Reevaluation of 2014 Executive Compensation Program  New Compensation Policies  2014 Executive Compensation Program  2015 Executive Compensation Program  2015 Annual Cash Incentive Opportunity  2015 Annual Long-Term Incentive Opportunity  Compensation Committee

  4. Slide 4: 2014 "Say-on-Pay" Vote

    2014 “Say-on-Pay” Vote  Approximately 27% of our voting shareholders voted “FOR” the compensation of our named executive officers as disclosed in the proxy statement in 2014.  This marked a significant departure from our historical support levels. We have achieved some of the highest “Say-on-Pay”

  5. Slide 5: Reevaluation of 2014

    Reevaluation of 2014 Executive Compensation Program 5 As a result of the 2014 Say-on-Pay voting outcome, the Compensation Committee engaged in a reevaluation of our compensation practices and spoke with certain shareholders and their advisors to better understand shareholder concerns. What we are he

  6. Slide 6: Reevaluation of 2014 - Continued

    Reevaluation of 2014 Executive Compensation Program - Continued 6 The long-term retention awards are not sufficiently performance based to justify the size of the awards.  The purpose of the 2013 long-term retention award was to increase the ownership of our common shares by certain members of mana

  7. Slide 7: New Compensation Policies

    New Compensation Policies  At least 70% of the annual cash incentive opportunity will be based on annual pre-defined objective performance measures.  At least 70% of the annual long-term incentive opportunity will be based on future pre-defined objective performance measures. 7

  8. Slide 8: 2014 CEO Opportunity Modification

    2014 Executive Compensation Program 8 CEO Annual Cash Incentive Opportunity Modification(1) CEO Annual Cash Incentive Payout CEO Annual Long-Term Incentive Payout CEO Total Compensation(2) Threshold Target High From 100% to 56.25% From 200% to 112.5% From 300% to 225% 2014 Annual Cash Incentive 2013

  9. Slide 9: 2015 CEO Opportunity and Total Compensation

    2015 Executive Compensation Program 9 CEO Base Salary CEO Annual Cash Incentive Opportunity (70% based on annual pre-defined objective measures)(1) CEO Annual Long-Term Incentive Opportunity (70% based on future pre-defined objective measures) CEO Total Compensation At Target(2) 2015 Base Salary 201

  10. Slide 10: 2015 - Continued: Other NEO Base Salaries and Opportunities

    2015 Executive Compensation Program - Continued 10 Other NEO Base Salaries Other NEO Annual Cash Incentive Opportunities (70% based on annual pre-defined objective measures)(1) Other NEO Annual Long-Term Incentive Opportunities (70% based on future pre-defined objective measures) Performance-Based O

  11. Slide 11: 2015 Annual Cash Incentive Opportunity

    2015 Annual Cash Incentive Opportunity 11 Item Weighting Target Rationale Balance Sheet 15% A strong balance sheet provides us with financial flexibility. A target leverage ratio supports our credit ratings. Refinancing savings directly impacts funds from operations and dividend coverage. Debt to To

  12. Slide 12: 2015 Long-Term Incentive Opportunity

    2015 Annual Long-Term Incentive Opportunity 12  Mix of performance-based non-vested shares and service-based non-vested shares.  Three year performance period commencing January 1, 2015 measuring performance relative to all REITs in the FTSE NAREIT All Equity REITs Index and a competitor peer grou

  13. Slide 13: Compensation Committee Members

    Compensation Committee Members  Compensation Committee consists of three independent trustees:  Richard S. Frary – Mr. Frary has served as a Trustee of Lexington since December 31, 2006, a member of the Compensation Committee since 2007, and Chairman of the Compensation Committee since 2010. Mr. F

  14. Slide 14: Lexington Realty Trust

    LEXINGTON REALTY TRUST. A real estate investment trust specializing in single tenant commercial properties.

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