LXP reports Q2 net loss $9.7M; adjusted FFO per share $0.18, up from $0.17 YoY

LXP Industrial Trust

2023-Q2 EPS reported $0.00 revenue$172,125,000

Net loss attributable to common shareholders $(9.7)M ($0.03 diluted EPS) vs prior-year income $39.7M ($0.14).
Adjusted Company FFO $52.7M ($0.18/share), up from $48.9M ($0.17/share).
Industrial same-store NOI increased 5.8% YoY; stabilized portfolio 99.5% leased.
Leased 2.0M sq ft in Q2 including 1.6M sq ft in two development projects; 4.2M sq ft YTD with rent increases.
Guidance: FY2023 net income $0.21-$0.25/share; reaffirms adjusted FFO $0.66-$0.70/share.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LXP Industrial Trust reported the quarter ended June 30, 2023 results: revenue total gross revenues were $87.1 million, net income net loss attributable to common shareholders was $(9.7) million, EPS $(0.03) per diluted share.

Period: the quarter ended June 30, 2023
Revenue: total gross revenues were $87.1 million
Net income: net loss attributable to common shareholders was $(9.7) million
EPS: $(0.03) per diluted share
Result: reported results

Exact text from the filing

results in both our development and wholly-owned industrial portfolios.” Page 2 of 12 FINANCIAL RESULTS Revenues For the quarter ended June 30, 2023, total gross revenues were $87.1 million, compared with total gross revenues of $79.8 million for the quarter ended June 30, 2022. The increase is primarily attributable to revenue from acquisitions and stabilized

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Source: SEC EDGAR

accession 0001444838-23-000034

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