LXP Industrial Trust reports recurring developments as a publicly traded REIT focused on Class A warehouse and distribution real estate investments. Its updates center on rental revenue, Adjusted Company FFO, same-store NOI, leasing spreads, portfolio occupancy and activity in target Sunbelt and Midwest markets.
Company news also covers development projects, build-to-suit and sale/leaseback activity, property dispositions outside target markets, quarterly common and Series C preferred dividends, debt refinancing, senior note activity, share repurchases and the completed one-for-five reverse share split. Leasing announcements often relate to large warehouse facilities and distribution projects, including new leases and lease extensions.
LXP Industrial Trust (NYSE:LXP) has launched a cash tender offer to purchase up to $150 million of its 6.750% Notes due 2028. The tender offer includes an early tender premium of $30.00 per $1,000 principal amount for notes tendered by the Early Tender Deadline of October 15, 2025.
The company will prioritize notes tendered before the Early Tender Deadline, with settlement expected on October 20, 2025. The offer expires on October 30, 2025. The total consideration will be determined on October 16, 2025, based on a fixed spread of 50 basis points plus the yield of the reference U.S. Treasury Security.
LXP Industrial Trust (NYSE:LXP), a REIT specializing in Class A warehouse and distribution properties, has completed the sale of two vacant development projects for $175 million. The properties, totaling 2,138,640 square feet, are located in Ocala, Florida and Indianapolis, Indiana.
The transaction, which closed on September 30, 2025, represents a 20% premium ($29 million) above the properties' gross book value as of June 30, 2025. LXP anticipates receiving net proceeds of $151 million after deductions, which will be allocated towards debt repayment and general corporate purposes.
LXP Industrial Trust (NYSE:LXP), a REIT specializing in Class A warehouse and distribution investments, has declared its quarterly dividend payments. The company announced a regular common share dividend of $0.135 per share for Q3 2025, payable on October 15, 2025, to shareholders of record as of September 30, 2025.
Additionally, LXP declared a Series C Cumulative Convertible Preferred Stock dividend of $0.8125 per share for Q3 2025, to be paid on November 17, 2025, to shareholders of record as of October 31, 2025.
LXP Industrial Trust (NYSE:LXP) reported strong Q2 2025 results with net income of $27.5 million ($0.09 per share) and Adjusted Company FFO of $47.3 million ($0.16 per share). The company achieved notable Same-Store NOI growth of 4.7% year-over-year.
Key operational highlights include leasing a 1.1 million square foot development project and extending 1.3 million square feet of leases year-to-date with significant rent increases of 41.5% and 46.2% for Base and Cash Base Rents respectively. The company's stabilized portfolio maintained a strong 94.1% occupancy rate.
LXP disposed of a warehouse facility for $39.6 million and strategically repurchased $28.1 million of Trust Preferred Securities at a 5% discount. The company updated its 2025 guidance, projecting net income of $0.13-$0.15 per share and Adjusted Company FFO of $0.62-$0.64 per share.
LXP Industrial Trust (NYSE:LXP), a REIT specializing in Class A warehouse and distribution real estate investments, has scheduled its second quarter 2025 financial results announcement for Wednesday, July 30, 2025.
The company will release its Q2 2025 results in the morning, followed by a conference call and webcast at 8:30 a.m. Eastern Time. The earnings call can be accessed via phone using the conference ID 1576583 or through the company's webcast platform. A replay will be available through August 6, 2025 via telephone and for one year via webcast.
LXP Industrial Trust (NYSE: LXP) has secured a lease for its 1.1 million square foot industrial facility in Greenville/Spartanburg, South Carolina. The lease agreement is with a U.S. subsidiary of a global logistics company, commencing June 1, 2025, for a two-year term with two five-year renewal options. The initial rent is set at $5.50 per square foot with 3.25% annual rental escalations.
The lease is expected to generate approximately $3.7 million in Base Rent and operating cost reimbursement in 2025, resulting in an estimated stabilized cash yield of 8.0% for the development project. LXP has developed 15 facilities totaling 9.1 million square feet, with 74% already leased at an average estimated stabilized cash yield of 7.1%. The company has 2.3 million square feet of remaining spec development space available for leasing.
LXP Industrial Trust (NYSE: LXP), a REIT specializing in Class A warehouse and distribution real estate investments, has scheduled its first quarter 2025 financial results announcement for Thursday, May 1, 2025. The company will host a conference call and webcast at 8:30 a.m. Eastern Time on the same day to discuss the results.
Participants can join via phone at (888) 660-6082 (US) or (929) 201-6604 (International) using Conference ID 1576583, or through the webcast link available on LXP's investor relations website. A telephone replay will be accessible through May 8, 2025, and the webcast recording will be available for one year.
LXP Industrial Trust (NYSE: LXP), a REIT specializing in Class A warehouse and distribution investments, has declared its quarterly dividend payments. The company announced a regular common share dividend of $0.135 per share for Q1 2025, payable on April 15, 2025, to shareholders of record as of March 31, 2025.
Additionally, LXP declared a quarterly Series C Cumulative Convertible Preferred Stock dividend of $0.8125 per share, scheduled for payment on May 15, 2025, to shareholders of record as of April 30, 2025.