LXP Q4 Adj FFO $0.17; industrial same-store NOI +4.1%; 2024 Adj FFO guidance $0.61-0.65

LXP Industrial Trust

2023-FY EPS reported $0.08 revenue$340,503,000

Net income $13.0M ($0.04/diluted); Adjusted Company FFO $51.4M ($0.17/diluted).
Industrial same-store NOI up 4.1% YoY; stabilized industrial portfolio 100% leased at year-end.
Leased 2.2M sq ft in Q4; industrial Base Rents +39.4%, Cash Base Rents +28.4%.
Issued $300M 6.75% Senior Notes due 2028; extended $300M term loan to Jan 2027.
2024 guidance: net income ($0.02)-$0.02; Adj Company FFO $0.61-$0.65 per diluted 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 fourth quarter and year ended December 31, 2023 results: net income $13.0 million, or $0.04 per diluted common share.

Period: fourth quarter and year ended December 31, 2023
Net income: $13.0 million, or $0.04 per diluted common share
Result: reported results

Exact text from the filing

LXP Industrial Trust, or the Trust, issued a press release announcing its financial results for the quarter ended December 31, 2023.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

LXP Industrial Trust filing history →

Source: SEC EDGAR

accession 0001444838-24-000055

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