secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001444838-24-000119
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LXP Q3 Adj FFO $0.16/diluted, raises dividend 3.8%, tightens FY2024 guidance
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- Net income $4.7M ($0.02 diluted); Adj Company FFO $46.7M ($0.16 diluted).
- Same-Store NOI up 5.4% YoY; new leases/extensions 0.7M sq ft with 38.3% Base Rent increase.
- Quarterly common dividend raised 3.8% to $0.135/share ($0.54 annualized).
- FY2024 guidance tightened to $0.63-$0.64 diluted Adj FFO; net income $0.14-$0.15 diluted.
- Subsequent events: disposed three Chicago facilities for $136.7M; acquired Savannah GA for $34.1M; tenant purchase option in Phoenix $86.5M closing Dec 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000144483824000119/0001444838-24-000119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000144483824000119/lxp-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001444838-24-000119

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