secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001539497-22-000929
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000153949722000929/0001539497-22-000929-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000153949722000929/n3045-x10_8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-22-000929

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