---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-22-000929"
form_type: "8-K"
ticker: "LXP"
cik: "0000910108"
company_name: "LXP Industrial Trust"
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-26T00:14:54.848746+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LXP Q1 net income $9M ($0.03), Adj. FFO $0.16; reaffirms FY22 FFO guidance; EVP resigns

## Summary
- Net income $9.0M ($0.03 diluted); revenue $80.3M, down from $92.6M YoY due to $10.9M termination fee in prior year.
- Adjusted Company FFO $48.1M ($0.16 diluted), down from $63.7M ($0.22) YoY; industrial same-store NOI up 5.1%.
- Leased 2.3M sq ft new/extended; industrial base rents up 27.7%, cash base rents up 18.1%; spreads above historical.
- FY22 guidance: Net income $0.43-0.47/sh, Adj. Company FFO $0.64-0.68/sh reaffirmed; Q1 dividend $0.12/common.
- EVP Lara Johnson resigns effective May 31, 2022; acquired $72M in Q1, subsequent Phoenix acquisition $59M.

## SEC filing metadata
- accession: 0001539497-22-000929
- form_type: 8-K
- ticker: LXP
- cik: 0000910108
- company_name: LXP Industrial Trust
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910108/000153949722000929/0001539497-22-000929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910108/000153949722000929/n3045-x10_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-22-000929
- JSON: https://secwatch.observer/filing/0001539497-22-000929.json
- Plain text: https://secwatch.observer/filing/0001539497-22-000929.txt

## Key facts
- Executive change
  Lara Johnson resigned as Executive Vice President at LXP Industrial Trust.
  - Action: resigned
  - Role: Executive Vice President
  source text: On May 3, 2022, Lara Johnson, Executive Vice President of the Trust, resigned effective May 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910108/000153949722000929/0001539497-22-000929-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.