secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001539497-22-001349
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

LXP reports Q2 2022 net income $0.14/shr, adjusted FFO $0.17, reaffirms FY guidance
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- Q2 net income $39.7M ($0.14/shr) vs $71.0M ($0.26) YoY; revenue $79.8M vs $81.5M.
- Adjusted Company FFO $48.9M ($0.17/shr) vs $52.2M ($0.18); FY guidance reaffirmed at $0.64-$0.68.
- Industrial portfolio 99.3% leased; same-store NOI +5.8%; new/extended leases 0.9M sq ft with 21.3% rent increase.
- Acquired $59.1M warehouse in Phoenix, 60 acres land; disposed $55.1M in properties; repurchased 6.1M shares at $11.45.
- Amended credit facility extends revolving maturity to July 2026; net debt/EBITDA 6.8x (6.1x incl. forward sales).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000153949722001349/0001539497-22-001349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000153949722001349/n3045-x16_8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-22-001349

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