earnings
confidence high
sentiment positive
materiality 0.75
LXP Q4 net income $0.90/dil share; Adj FFO $0.18; full-year Adj FFO $0.78
LXP Industrial Trust
2021-FY EPS reported
$1.34
revenue$343,997,000
- Q4 net income $260.5M ($0.90/sh); full-year net income $375.8M ($1.34/sh).
- Adjusted Company FFO Q4 $53.8M ($0.18/sh); full-year $223.2M ($0.78/sh).
- Acquired eight warehouse/distribution facilities for ~$365.9M in Q4; subsequent acquisitions of $71.8M.
- Recapitalized 22 industrial assets into JV, acquired 20% interest for $30.8M.
- Leased 1.7M sq ft speculative development; raised industrial Base Rents 12.8% and Cash Base Rents 5.3%.