LXP Industrial Q3 net income $21.8M, FFO $0.17, raises dividend 4.2%, tightens guidance

LXP Industrial Trust

2022-Q3 EPS reported $0.25 revenue$240,141,000

Net income $21.8M ($0.08/diluted) vs $5.0M; Adjusted FFO $48.1M ($0.17) vs $53.6M ($0.19).
Quarterly dividend raised 4.2% to $0.125/share for Q4, payable Jan 17, 2023; annualized $0.50.
Full-year net income guidance $0.36-$0.39; Adjusted FFO guidance tightened to $0.65-$0.68 per share.
Invested $70.6M in six development projects; completed 1.1M sq ft Columbus facility; disposed $92M of properties.
Repurchased 5.6M shares in Q3 at avg $10.16; board increased repurchase authorization by 10M shares; post-Q3 bought 0.4M at $9.10.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LXP Industrial Trust reported the quarter ended September 30, 2022 results: revenue total gross revenues were $80.1 million, net income net income attributable to common shareholders was $21.8 million, EPS $0.08 per diluted share.

Period: the quarter ended September 30, 2022
Revenue: total gross revenues were $80.1 million
Net income: net income attributable to common shareholders was $21.8 million
EPS: $0.08 per diluted share
Result: reported results

Exact text from the filing

in desirable growth markets and the resilience of our business.” Page 2 of 13 FINANCIAL RESULTS Revenues For the quarter ended September 30, 2022, total gross revenues were $80.1 million, compared with total gross revenues of $83.4 million for the quarter ended September 30, 2021. The decrease is primarily attributable to property sales, including

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Source: SEC EDGAR

accession 0001539497-22-001747

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