earnings
confidence high
sentiment neutral
materiality 0.70
LXP Q4 net income $31.4M ($0.11/sh); same-store NOI up 4.1%; FFO guidance $0.61-0.65
LXP Industrial Trust
2024-FY EPS reported
$0.13
revenue$358,458,000
- Net income attributable to common shareholders $31.4M ($0.11/sh) vs $13.0M ($0.04) YoY; adjusted FFO $47.0M ($0.16) vs $51.4M ($0.17).
- Same-Store NOI increased 4.1% vs Q4 2023; acquired four warehouses for $157.6M, disposed of three for $136.7M.
- Full-year 2025 guidance: net income $0.01-0.05/sh, Adjusted Company FFO $0.61-0.65/sh.
- Leased 1.0M sq ft in Q4 with base rent spreads of 66.3% and cash rent spreads of 42.6%.
- Net debt to adjusted EBITDA 5.9x; total debt $1.6B at weighted-average rate 3.68%.