secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001444838-24-000055
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000144483824000055/0001444838-24-000055-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000144483824000055/lxp-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001444838-24-000055

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