Welcome to our dedicated page for Lxp Industrial Trust news (Ticker: LXP), a resource for investors and traders seeking the latest updates and insights on Lxp Industrial Trust stock.
LXP Industrial Trust (NYSE: LXP) is a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments in 12 target markets across the Sunbelt and the Midwest or lower Midwest. The LXP news feed highlights how the trust acquires, develops, redevelops, finances and recycles industrial properties in these logistics-oriented markets.
News about LXP Industrial Trust often covers its quarterly earnings results, portfolio performance and leasing activity. The trust issues press releases and 8-K filings describing metrics such as leased percentages in its stabilized portfolio, new and extended leases across millions of square feet, redevelopment projects in markets like Central Florida and Richmond, and land held for industrial development in areas including Phoenix, Indianapolis, Atlanta and Columbus.
Another recurring theme in LXP’s news is capital structure and financing activity. Recent items include the entry into a Third Amended and Restated Credit Agreement with a $600 million senior unsecured revolving credit facility and a $250 million unsecured term loan, as well as tender offers and pricing announcements related to its 6.750% Notes due 2028. The trust has also reported on a one-for-five reverse split of its common shares and related adjustments to equity plans and preferred stock conversion rates.
Investors and analysts following LXP’s news can review updates on dividends, debt management, property acquisitions and sales, and development progress. The news stream provides context on how LXP manages its industrial real estate portfolio, its balance sheet and its shareholder distributions over time.
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.
LXP Industrial Trust (NYSE:LXP) reported its Q4 2024 results with net income of $31.4 million ($0.11 per diluted share) and Adjusted Company FFO of $47.0 million ($0.16 per diluted share). The company achieved a 4.1% increase in Same-Store NOI compared to Q4 2023.
Key Q4 highlights include completing 1.0 million square feet of new leases with significant rent increases, acquiring four warehouse facilities for $157.6 million, and disposing of three warehouse facilities for $136.7 million. The company also placed into service a 625,238 square foot build-to-suit warehouse facility in Greenville/Spartanburg.
For full-year 2024, LXP recorded net income of $37.9 million ($0.13 per share) and generated Adjusted Company FFO of $189.4 million ($0.64 per share). The company completed 4.5 million square feet of leasing with substantial rent increases and achieved a 5.0% Same-Store NOI growth.
LXP Industrial Trust (NYSE: LXP) has released its final dividend allocation details for 2024 for both common and preferred shares. For common shares, the company distributed $0.13 per share quarterly, with each payment consisting of $0.07234 in ordinary dividends, $0.05405 in capital gain distribution, and $0.00361 in nondividend distributions.
For the Series C Cumulative Convertible Preferred Stock, quarterly payments were $0.8125 per share, comprising $0.46503 in ordinary dividends and $0.34747 in capital gain distributions. The company noted that 9.41% of ordinary dividends are reported as Section 897 ordinary dividends related to U.S. Real Property Interests.
LXP Industrial Trust (NYSE: LXP), a REIT specializing in Class A warehouse and distribution real estate investments, has announced it will release its fourth quarter 2024 financial results on Thursday, February 13, 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 the conference call using the numbers (888) 660-6082 or (929) 201-6604 for international callers, with Conference ID 1576583. A webcast option is also available. A telephone replay will be accessible through February 20, 2025, and the webcast recording will be available for one year.
LXP Industrial Trust reported Q3 2024 results with net income of $4.7 million ($0.02 per share) and Adjusted Company FFO of $46.7 million ($0.16 per share). The company achieved 5.4% Same-Store NOI growth and completed 0.7 million square feet of leases with Base and Cash Base Rents increasing by 38.3% and 22.5%. Notable transactions include disposing of three Chicago facilities for $136.7 million, acquiring a Savannah facility for $34.1 million, and an upcoming $86.5 million land sale in Phoenix. The Board authorized a 3.8% dividend increase to $0.135 per share. Total gross revenues were $85.6 million, slightly up from $85.4 million in Q3 2023.
LXP Industrial Trust (NYSE: LXP), a REIT focused on Class A warehouse and distribution real estate investments, has announced the release of its third quarter 2024 financial results on Wednesday, November 6, 2024. 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 access the call via phone at (888) 660-6082 or (929) 201-6604 (International) using Conference ID: 1576583. The webcast will be available at https://events.q4inc.com/attendee/703292840 or through LXP's investor relations website. A telephone replay will be accessible until November 13, 2024, and the webcast will be available for one year.
LXP Industrial Trust (NYSE: LXP), a REIT specializing in Class A warehouse and distribution investments, has announced its quarterly dividend for Q3 2024. Common shareholders will receive $0.13 per share, payable on October 15, 2024, to shareholders of record as of September 30, 2024. Additionally, LXP declared a dividend of $0.8125 per share for Series C Cumulative Convertible Preferred Stock, payable on November 15, 2024, to shareholders of record as of October 31, 2024. This announcement demonstrates LXP's commitment to providing regular returns to its investors in the industrial real estate sector.
LXP Industrial Trust reported its Q2 2024 results, highlighting Net Income of $3.8 million ($0.01 per diluted share) and Adjusted Company FFO of $46.9 million ($0.16 per diluted share). Key achievements include:
- 5.0% increase in Same-Store NOI compared to Q2 2023
- Completed 2.7 million sq ft of new leases and extensions, raising Base and Cash Base Rents by 44.5% and 44.0% respectively
- Satisfied $198.9 million of 4.40% Senior Notes due 2024
- Invested $34.7 million in development activities
- Sold remaining two consolidated office assets, making portfolio 100% industrial
LXP updated its 2024 guidance, estimating net income of $0.10 to $0.13 per diluted share and Adjusted Company FFO between $0.62 and $0.65 per diluted share.
LXP Industrial Trust (NYSE: LXP) has partnered with Wunder to deploy a 207 kilowatt solar system at its Rockford, Illinois industrial facility. The system, operational since June 2024, is expected to generate 261,990 kilowatt hours of power in its first year, offsetting over 403,500 pounds of CO2 emissions. This initiative aims to provide substantial energy bill savings to the tenant while enhancing LXP's sustainability efforts. The project was completed without any capital outlay from LXP, showcasing a cost-effective approach to implementing renewable energy solutions in commercial real estate.
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.