LXP Q3 net income jumps to $34.6M; board approves 1-for-5 reverse split, raises dividend 3.7%

LXP Industrial Trust

2025-Q3 EPS reported $0.27 revenue$263,484,000

Net income $34.6M ($0.12 diluted EPS) vs $4.7M ($0.02) in Q3 2024; Adjusted Company FFO $46.7M ($0.16) unchanged YoY.
Sold two vacant development projects for $175M, a 20% premium over book; net proceeds ~$151M used to repay $140M of 6.75% notes.
Board approved 1-for-5 reverse stock split effective Nov 10, 2025; shares will trade on NYSE split-adjusted Nov 11.
Quarterly dividend raised 3.7% to $0.14/share (pre-split), annualized $0.56; payable Jan 15, 2026.
Stabilized portfolio 96.8% leased; Same-Store NOI up 2.0% in quarter; net debt/EBITDA reduced to 5.2x.

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