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LXP Industrial Trust - LXP STOCK NEWS

Welcome to our dedicated news page for LXP Industrial Trust (Ticker: LXP), a resource for investors and traders seeking the latest updates and insights on LXP Industrial Trust.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect LXP Industrial Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of LXP Industrial Trust's position in the market.

Rhea-AI Summary
LXP Industrial Trust (LXP) declares a regular common share dividend of $0.13 per share for the quarter ending March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
dividends
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Rhea-AI Summary
LXP Industrial Trust reported strong financial results for the fourth quarter and full year 2023, with notable increases in net income, Adjusted Company FFO, and industrial same-store NOI. The company completed significant leasing activities, extended debt maturities, and made strategic investments in development projects. Despite a decline in net income compared to the previous year, LXP remains optimistic about future growth prospects driven by rental escalations and lease up of the development pipeline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
earnings
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Rhea-AI Summary
LXP Industrial Trust announced its final 2023 dividend income allocations for both common and preferred shares, along with the return of capital on common shares. The allocations will be reported on Form 1099-DIV, and the return of capital was reported on Internal Revenue Service Form 8937. The company's website provides a copy of Form 8937. The allocations and distributions for common and preferred shares for the year 2023 are detailed in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.75%
Tags
dividends
Rhea-AI Summary
LXP Industrial Trust (NYSE:LXP) has announced the release of its fourth quarter 2023 financial results on February 15, 2024. The real estate investment trust (REIT) will host a conference call and webcast to discuss the results at 8:30 a.m., Eastern Time. Participants can access the call and webcast through provided phone numbers and web links. A telephone replay and webcast will be available for a specified period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.67%
Tags
conferences earnings
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Rhea-AI Summary
LXP Industrial Trust has priced an underwritten public offering of $300 million aggregate principal amount of 6.750% senior unsecured notes due November 15, 2028. The offering is expected to close on November 13, 2023. LXP intends to use the net proceeds to pay down its revolving credit facility and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.56%
Tags
offering
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Rhea-AI Summary
LXP Industrial Trust announced its Q3 2023 results, recording net income of $11.0 million and generating Adjusted Company FFO of $51.9 million. They increased Industrial Same-Store NOI by 5.0% and completed 481,500 square feet of new and extended leases, raising Industrial Base and Cash Base Rents by 26.3% and 15.9%, respectively. LXP also disposed of two office properties for a gross sale price of $48.1 million and completed the forward purchase of a newly-constructed warehouse in Dallas for $15.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.76%
Tags
earnings
Rhea-AI Summary
LXP Industrial Trust has published its 2022 Corporate Responsibility Report, highlighting its environmental, social, governance, and resilience initiatives. The report aligns with established reporting frameworks and emphasizes the company's commitment to sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
none
-
Rhea-AI Summary
LXP Industrial Trust to Release Q3 2023 Financial Results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.8%
Tags
conferences earnings
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Rhea-AI Summary
LXP Industrial Trust declares regular dividend and cash dividend for Q3 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
dividends
Rhea-AI Summary
LXP Industrial Trust (NYSE:LXP) announced Q2 2023 results, including a net loss of $(9.7) million and Adjusted Company FFO of $52.7 million. They completed 2.0 million sq ft of new and extended leases, increasing Industrial Same-Store NOI by 5.8%. Revenues were $87.1 million, with a net loss of $(9.7) million. LXP ended the quarter with net debt to Adjusted EBITDA at 6.3x. They expect net income to be within $0.21 to $0.25 per diluted common share for 2023 and Adjusted Company FFO to be within $0.66 to $0.70 per diluted common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
earnings
LXP Industrial Trust

NYSE:LXP

LXP Rankings

LXP Stock Data

2.66B
286.56M
2.22%
95.95%
2.12%
Other Financial Vehicles
Finance and Insurance
Link
US
New York

About LXP

lexington realty trust is a real estate investment trust that invests in, owns and manages commercial properties net leased to major corporations throughout the united states. in addition, the company provides investment advisory and asset management services to investors in the net lease area.