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) 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.
LXP Industrial Trust (NYSE:LXP) has announced that it will release its fourth quarter 2022 financial results on February 16, 2023. A conference call and webcast will follow at 8:30 a.m. Eastern Time on the same day. Participants can join the call via telephone at (888) 660-6144 or through the webcast link provided.
The call will have a replay available until May 17, 2023. LXP focuses on single-tenant warehouse and distribution investments across the U.S. and aims to grow its portfolio through various investment strategies. For more information, visit their official website.
LXP Industrial Trust (NYSE: LXP), a real estate investment trust focused on single-tenant industrial properties, announced its final 2022 dividend allocations for common and preferred shares. The common shares will receive $0.1200 per share, while the Series C preferred shares will receive $0.8125 per share, with record dates and payable dates specified. Additionally, the company reported returns of capital on common shares and filed IRS Form 8937 for tax purposes. The firm is actively expanding its portfolio through acquisitions and development projects, underscoring its commitment to growth.
LXP Industrial Trust (LXP) announced a 4.2% increase in its quarterly common share dividend, raising it to $0.125 per share for Q4 2022. For Q3 2022, net income attributable to common shareholders was $21.8 million ($0.08/share), showing significant improvement from $5.0 million in Q3 2021. Adjusted Company Funds From Operations (FFO) totaled $48.1 million ($0.17/share), down from $53.6 million ($0.19/share) year-over-year. LXP reported total gross revenues of $80.1 million, slightly declining from $83.4 million a year prior, primarily due to property sales.
LXP Industrial Trust announced the publication of its 2021 Corporate Responsibility Report, highlighting its commitment to enhanced environmental, social, governance, and resilience (ESG+R) initiatives. The report aligns with key sustainability frameworks and showcases LXP’s accomplishments, including receiving an above-average score from GRESB and obtaining over 1.3 million square feet of green building certifications. Additionally, LXP executed 14 green leases and achieved a tenant satisfaction score of 4.11 out of 5, exceeding industry benchmarks.
LXP Industrial Trust (NYSE:LXP) will announce its third quarter 2022 financial results on November 3, 2022. A conference call will follow at 8:30 a.m. ET to discuss these results. Participants can join the call via telephone at (888) 660-6082, using Conference ID 1576583, or access the webcast through provided links. A replay of the call will be available until February 1, 2023. LXP is a publicly traded REIT focused on single-tenant warehouse and distribution properties in the U.S. For further information, visit www.lxp.com.
LXP Industrial Trust (NYSE: LXP) has declared a quarterly dividend of $0.12 per common share/unit for the quarter ending September 30, 2022, payable on or about October 17, 2022. Shareholders of record as of September 30, 2022 will qualify for this distribution. Additionally, a cash dividend of $0.8125 per share for Series C Cumulative Convertible Preferred Stock was announced, scheduled for payment on or about November 15, 2022, to shareholders of record by October 31, 2022. LXP focuses on single-tenant industrial real estate investments in the U.S.
LXP Industrial Trust (NYSE:LXP) reported robust second-quarter results for 2022, achieving a net income of $39.7 million, or $0.14 per share. The company generated $48.9 million in Adjusted Company FFO, equating to $0.17 per share. LXP executed new leases totaling 0.9 million square feet, with significant rent increases of 21.3% for Base Rents. During the quarter, it repurchased 6.1 million shares for an average of $11.45 each and successfully disposed of three properties for $55.1 million. The company’s debt profile improved with an extended unsecured credit facility maturing in July 2026.
LXP Industrial Trust has appointed Derrick Johnson to its Board of Trustees, effective immediately. With extensive experience in operations and strategy, Johnson previously served as Senior Vice President at Agiliti and has 20 years of experience with UPS, including a role as President of the Southeast. This appointment reflects LXP's commitment to enhancing its board with experienced and diverse perspectives. His expertise in supply chain and logistics is expected to align with LXP's focus on warehouse and distribution investments.
LXP Industrial Trust (NYSE: LXP), a real estate investment trust specializing in single-tenant warehouse and distribution properties, will release its second quarter 2022 financial results on August 4, 2022. A conference call will be held at 8:30 a.m. ET the same day to discuss the results. Participants can join the call via U.S. numbers (855) 459-0167 or (973) 528-0145, with an international link provided. A telephone replay will be available until November 4, 2022, and the webcast can be accessed for a year.