secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001444838-24-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LXP Q2 net income $3.8M, Adjusted FFO $0.16; portfolio now 100% industrial
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- Net income $3.8M ($0.01/diluted); Adjusted Company FFO $46.9M ($0.16/diluted), vs $0.18 prior year.
- Same-Store NOI +5% YoY; leased 2.7M sq ft with 44.5% base rent spread (excl. one lease).
- Repaid $198.9M 4.40% Senior Notes; net debt/EBITDA 6.2x; 91.9% fixed at 3.81% avg rate.
- Sold last two consolidated office assets; portfolio 100% industrial; $34.7M development investment.
- FY2024 guidance: net income $0.10-$0.13; Adjusted FFO tightened to $0.62-$0.65 per diluted share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000144483824000094/0001444838-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000144483824000094/lxp-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001444838-24-000094

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