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 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 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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