LXP Industrial Trust

LXP

US5290431015

Commercial REITs

Market Closed - Nyse Other stock markets 21:00:02 17/05/2024 BST			5-day change	1st Jan Change
8.87 ^USD	-0.56%		+1.14%	-10.58%

05-02	LXP Industrial Trust Q1 Adjusted Funds From Operations Fall, Revenue Rises; 2024 Adjusted FFO Outlook Affirmed	MT
05-02	Earnings Flash (LXP) LXP INDUSTRIAL TRUST Reports Q1 Revenue $86.3M	MT

LXP Industrial Trust Reports Earnings Results for the First Quarter Ended March 31, 2023

May 03, 2023 at 11:00 am

LXP Industrial Trust reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 83.42 million compared to USD 78.54 million a year ago. Revenue was USD 85.08 million compared to USD 80.28 million a year ago.

Net income was USD 11.17 million compared to USD 10.62 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.03 a year ago.

Latest news about LXP Industrial Trust

LXP Industrial Trust Q1 Adjusted Funds From Operations Fall, Revenue Rises; 2024 Adjusted FFO Outlook Affirmed	05-02	MT
Earnings Flash (LXP) LXP INDUSTRIAL TRUST Reports Q1 Revenue $86.3M	05-02	MT
Transcript : LXP Industrial Trust, Q1 2024 Earnings Call, May 02, 2024	05-02
Earnings Flash (LXP) LXP INDUSTRIAL TRUST Reports Q1 Revenue $86.3M	05-02	MT
LXP Industrial Trust Reports Earnings Results for the First Quarter Ended March 31, 2024	05-02	CI
LXP Industrial Trust Keeps Quarterly Dividend at $0.13 a Share, Payable April 15 to Shareholders of Record March 28	03-18	MT
LXP Industrial Trust Declares Dividend for the Quarter Ending March 31, 2024, Payable on or About April 15, 2024	03-18	CI
LXP Industrial Trust Files Mixed Shelf	02-16	MT
LXP Q4 Adjusted FFO Unchanged, Revenue Rises; Sets 2024 Outlook	02-15	MT
Transcript : LXP Industrial Trust, Q4 2023 Earnings Call, Feb 15, 2024	02-15
Earnings Flash (LXP) LXP INDUSTRIAL TRUST Posts Q4 Revenue $83M	02-15	MT
Earnings Flash (LXP) LXP INDUSTRIAL TRUST Posts Q4 EPS $0.04	02-15	MT
LXP Industrial Trust Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	02-15	CI
LXP Industrial Trust Provides Earnings Guidance for the Year Ending December 31, 2024	02-15	CI
KeyBanc Trims Price Target on LXP Industrial Trust to $11 From $12, Maintains Overweight Rating	12-13	MT
Tranche Update on LXP Industrial Trust's Equity Buyback Plan announced on July 2, 2015.	31/10/23	CI
LXP Industrial Trust Q3 Adjusted Funds From Operations, Revenue Increase; 2023 Adjusted FFO Outlook Tightened	31/10/23	MT
Transcript : LXP Industrial Trust, Q3 2023 Earnings Call, Oct 31, 2023	31/10/23
Earnings Flash (LXP) LXP INDUSTRIAL TRUST Posts Q3 Revenue $85.4M	31/10/23	MT
LXP Industrial Trust Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	31/10/23	CI
LXP Industrial Trust Declares Regular Quarterly Dividend for the Quarter Ending December 31, 2023, Payable January 16, 2024	31/10/23	CI
LXP Industrial Trust Provides Earnings Guidance for the Year Ending December 31, 2023	31/10/23	CI
An unknown buyer acquired Office Building in Whippany, NJ from LXP Industrial Trust for $21.8 million.	30/10/23	CI
An unknown buyer acquired Office Building in Philadelphia, PA from LXP Industrial Trust for $26.3 million.	30/10/23	CI
LXP Industrial Trust Keeps Quarterly Dividend at $0.125 Per Share; Payable Oct. 16 to Shareholders of Record on Sept. 29	13/09/23	MT

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Company Profile

LXP Industrial Trust is a real estate investment trust focused on single-tenant industrial real estate investments across the United States. The Company invests in single-tenant warehouse/distribution real estate. The Company conducts its operations indirectly through property owner subsidiaries, which are single purpose entities; a wholly owned taxable REIT subsidiaries (TRS), Lexington Realty Advisors, Inc., and joint ventures. It has investments in the Lower Midwest and Sunbelt. The Company's warehouse/distribution portfolio includes various industries, such as electronic commerce, automotive, construction/materials, food, apparel, specialty, technology, retail department, aerospace/defense, healthcare, consumer products, transportation/logistics and others. It has ownership interests in approximately 115 consolidated real estate properties, located in 18 states and containing an aggregate of approximately 54.6 million square feet of space, approximately 99.8% of which is leased.

Sector

Commercial REITs

Calendar

21/05/2024 - Annual General Meeting

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Russell 2000

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Ratings for LXP Industrial Trust

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

8.87 USD

Average target price

9.6 USD

Spread / Average Target

+8.23%

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