S&P Dow Jones Indices announced on October 27, 2026, that LXP Industrial Trust will be deleted from the S&P SmallCap 600 effective prior to the opening of trading on November 2, 2026, as Brookfield Asset Management Ltd. and Canada Pension Plan Investment Board are acquiring the company.

Key Highlights

  • Deletion effective date: LXP Industrial Trust (NYSE:LXP) will be removed from the S&P SmallCap 600 prior to the open of trading on November 2, 2026.
  • Reason for removal: According to the announcement, Brookfield Asset Management Ltd. and Canada Pension Plan Investment Board are acquiring LXP Industrial Trust in a deal expected to close soon, pending final closing conditions.
  • Replacement: AvePoint Inc. (NASDAQ:AVPT), classified under the Information Technology GICS Sector, will be added to the S&P SmallCap 600 on the same effective date.
  • LXP sector classification: LXP Industrial Trust is classified under the Real Estate GICS Sector.
  • Announcement source: The changes were disclosed by S&P Dow Jones Indices, a division of S&P Global (NYSE:SPGI).

LXP Industrial Trust Exits S&P SmallCap 600 Amid Pending Acquisition

S&P Dow Jones Indices disclosed on October 27, 2026, that LXP Industrial Trust will be deleted from the S&P SmallCap 600 index, with the change taking effect prior to the open of trading on Monday, November 2, 2026. According to the filing, the removal is tied to a pending acquisition of LXP Industrial Trust by Brookfield Asset Management Ltd. and Canada Pension Plan Investment Board, described as "a deal expected to close soon, pending final closing conditions."

The announcement also identified AvePoint Inc., trading under the ticker AVPT and listed on NASDAQ, as the company that will replace LXP Industrial Trust in the index. AvePoint is classified under the Information Technology GICS Sector, while LXP Industrial Trust carries a Real Estate GICS Sector designation. Both changes are scheduled to take effect simultaneously on the same effective date of November 2, 2026.

S&P Dow Jones Indices, which issued the announcement, is identified in the release as a division of S&P Global (NYSE:SPGI). The release was distributed via PRNewswire from New York and attributed directly to S&P Dow Jones Indices as the source.

What Was Disclosed

S&P Dow Jones Indices announced the deletion of LXP Industrial Trust from the S&P SmallCap 600 and the concurrent addition of AvePoint Inc., both effective November 2, 2026, with LXP's removal linked to its pending acquisition by Brookfield Asset Management Ltd. and Canada Pension Plan Investment Board.