earnings
confidence high
sentiment positive
materiality 0.65
LXP Q1 net income $17.3M vs year-ago loss; Same-Store NOI +5.2%
LXP Industrial Trust
2025-Q1 EPS reported
$0.06
revenue$88,863,000
- Net income attributable to common $17.3M ($0.06/diluted) vs net loss $1.9M in Q1 2024; Adjusted Company FFO $0.16/diluted.
- Same-Store NOI increased 5.2% YoY; stabilized portfolio 93.3% leased (99.5% excluding first-generation space).
- Completed 540K sq ft lease extension with 52.5% base rent increase; disposed of two warehouses for $74.6M total.
- Repaid $50M of $300M term loan; net debt/Adjusted EBITDA 5.9x; dividend held at $0.135/common share.
- FY2025 guidance: net income $0.12-$0.16/sh; Adjusted Company FFO reaffirmed $0.61-$0.65/sh.