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.
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LXP Industrial Trust (NYSE:LXP), a REIT focusing on single-tenant warehouse and distribution properties, announced its recognition as a 2023 Green Lease Leader with Gold status from the Institution for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance.
This accolade highlights LXP's commitment to energy efficiency and sustainability through its green leasing practices, including utility data tracking and sustainability training. By year-end 2022, LXP's portfolio encompassed approximately five million square feet of green leases. Senior VP Leslie Moore expressed pride in this achievement and the company's goal to expand its green lease footprint further.
On April 13, 2023, LXP Industrial Trust (NYSE:LXP) announced it will release its Q1 2023 financial results on May 3, 2023. The conference call will take place at 8:30 a.m. ET that same day, allowing stakeholders to discuss the results. Participants can join via telephone at (888) 660-6082 with Conference ID 1576583 or via webcast through the provided links. A replay of the call will be available until August 1, 2023. LXP, a real estate investment trust focused on single-tenant warehouse and distribution properties, aims to expand its portfolio through acquisitions and development projects. Interested parties are advised to log in early to prepare for the call.
LXP Industrial Trust (NYSE: LXP) has declared a quarterly common share dividend of $0.125 per share, payable on or about April 17, 2023, to shareholders of record as of March 31, 2023. Additionally, a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock has been announced, payable on or about May 15, 2023, to shareholders of record as of April 28, 2023. LXP focuses on single-tenant industrial real estate investments and continues to seek portfolio expansion through various investments and development strategies.
LXP Industrial Trust (NYSE:LXP), a real estate investment trust (REIT) specializing in single-tenant warehouse and distribution properties, announced revised information for its fourth quarter 2022 conference call. The conference call remains unchanged, with participants able to access the replay and webcast through specific phone numbers and a dedicated link. The telephone replay will be available until May 17, 2023. LXP aims to expand its portfolio through acquisitions, development, and sale/leaseback transactions. For more information, investors can visit LXP's official website.
LXP Industrial Trust (NYSE:LXP) reported its fourth quarter and full-year 2022 results, with a net income attributable to common shareholders of $36.9 million, or $0.13 per diluted share in Q4. The total gross revenues for Q4 were $81.1 million, down from $86.5 million in Q4 2021. Adjusted Company FFO for Q4 was $47.9 million ($0.17 per diluted share), compared to $53.8 million ($0.18) a year earlier. For the full year 2022, net income was $107.3 million ($0.38 per diluted share) and Adjusted Company FFO was $193.1 million ($0.67). LXP completed 4.1 million square feet in leases, raising base rents by 30.7%. Looking ahead, the company forecasts 2023 Adjusted Company FFO between $0.66 and $0.70 per diluted share.