LXP Q3 FFO $0.18/diluted share, beats prior; raises dividend 4% to $0.13/quarterly

LXP Industrial Trust

2023-Q3 EPS reported $0.04 revenue$257,547,000

Q3 2023 net income $11.0M ($0.04/diluted) vs $21.8M ($0.08) year ago; Adjusted Company FFO $51.9M ($0.18/diluted) vs $48.1M ($0.17).
Industrial same-store NOI up 5.0% YoY; new/extended leases 481,500 sq ft with base rents +26.3% and cash rents +15.9%.
Board authorized 4% dividend increase to $0.13/quarter common share ($0.52 annualized), payable Jan 16, 2024 to holders of record Dec 29, 2023.
Disposed two office properties for aggregate $48.1M; forward-purchased 124,450 sq ft Dallas warehouse for ~$15.0M.
FY 2023 guidance: net income $0.25-$0.27/diluted share; Adjusted Company FFO tightened to $0.68-$0.70/diluted share.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.