LXP raises 2026 Adjusted FFO guidance, announces $103M Phoenix acquisition and strong leasing

LXP Industrial Trust

2026 Adjusted Company FFO guidance raised to $3.30–$3.40 from $3.22–$3.37 per diluted share.
Acquired 37-acre Phoenix infill redevelopment site for $103M; initial cash yield 15.7%, triple-net lease through 2031.
Q2-to-date leasing volume of 2.7M sq ft; average cash rent increase on second-gen leases of 22%.
Net income guidance for 2026 of $2.38–$2.48 per diluted share.

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