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LXP Industrial Trust (LXP) news hub provides investors with essential updates about this single-tenant industrial REIT's operations. Track verified press releases and financial disclosures covering property acquisitions, lease agreements, and portfolio management strategies.
This resource centralizes LXP's operational developments, including industrial property transactions, net lease updates, and capital recycling initiatives. Users gain immediate access to earnings announcements, strategic partnership details, and management commentary without promotional bias.
Key content categories include quarterly financial results, sustainability initiatives for commercial properties, and geographic expansion within U.S. industrial markets. All materials maintain compliance with REIT reporting standards and SEC disclosure requirements.
Bookmark this page for streamlined monitoring of LXP's asset management decisions and market positioning within the competitive industrial real estate sector. Cross-reference updates with historical filings through integrated regulatory documentation links.
LXP Industrial Trust (NYSE: LXP) announced it will release its second quarter 2024 financial results on July 31, 2024. The company, known for its investments in Class A warehouse and distribution real estate, will also host a conference call and webcast at 8:30 a.m. Eastern Time the same day to discuss these results. Participants can join the call by dialing (888) 660-6082 or (929) 201-6604 for international participants, using Conference ID: 1576583. The call will be replayed through October 29, 2024, and will be available via webcast on the company's investor relations site.
LXP Industrial Trust (NYSE: LXP), a REIT specializing in single-tenant industrial real estate, announced a quarterly dividend for common shares of $0.13. The dividend applies to the quarter ending June 30, 2024, and is payable on or about July 15, 2024, to shareholders on record as of June 28, 2024. Additionally, LXP declared a cash dividend of $0.8125 per share for Series C Cumulative Convertible Preferred Stock for the same period, payable on or about August 15, 2024, to shareholders on record as of July 31, 2024.
LXP Industrial Trust has announced that Beth Boulerice will step down as Chief Financial Officer and Treasurer on March 1, 2025, transitioning to an Executive Vice President role. Nathan Brunner, with extensive experience in real estate investment banking, will join as Executive Vice President of Capital Markets starting September 1, 2024, and will take over as CFO and Treasurer after Boulerice's transition. CEO T. Wilson Eglin praised Boulerice's contributions and expressed confidence in Brunner's ability to lead the finance team. This leadership change reflects LXP's commitment to succession planning and enhancing shareholder value.
LXP Industrial Trust reported first quarter 2024 results, showing a net loss of $(1.9) million but generated Adjusted Company FFO of $48.8 million. They increased Industrial Same-Store NOI by 6.5%, completed lease extension amendments, acquired a land parcel, and invested in development activities. They placed in service a warehouse and announced future development projects. LXP also completed lease extensions raising industrial Cash Base Rents by 26.9%. The CEO expects profitable long-term growth from development leasing and mark-to-market opportunities.
Financially, LXP saw an increase in total gross revenues to $86.3 million, but a net loss compared to the same quarter in 2023. Adjusted Company FFO was $48.8 million. They declared dividends and provided guidance for 2024 earnings, estimating net income within $0.08 to $0.12 per diluted common share and Adjusted Company FFO between $0.61 and $0.65 per share.
LXP Industrial Trust reported a net loss of $(1.9) million in the first quarter of 2024, with Adjusted Company FFO of $48.8 million. The company increased Industrial Same-Store NOI by 6.5% and completed a lease extension raising rents by 28.0%. Additionally, LXP acquired a land parcel for $3.4 million for development. The company expects industrial same-store NOI growth of 4.0% to 5.0% for 2024.
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