LXP Q4 net income $36.9M ($0.13/dil), adj FFO $0.17, guides FY23 adj FFO $0.66-$0.70

LXP Industrial Trust

2022-FY EPS reported $0.38 revenue$321,245,000

Q4 net income $36.9M ($0.13/dil); adj FFO $0.17/dil vs $0.18. Revenue $81.1M (vs $86.5M).
FY22 adj FFO $0.67/dil; same-store industrial NOI +5.3% (Q4 +6.7%). Leased 4.1M sq ft with 30.7% base rent increase.
FY23 guidance: net income $0.35-$0.39/dil; adj FFO $0.66-$0.70/dil; same-store NOI growth ~4-5%.
Q4 repurchased 0.4M shares at avg $9.10; FY22 total 12.1M at $10.78. Issued 16M shares for net $183.4M.
Q4 dispositions $49.6M (4 properties); FY22 total $197M. Net debt/EBITDA 6.4x; 91.4% fixed-rate debt at 3.2% avg rate.

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 0.9

LXP Industrial Trust reported the quarter ended December 31, 2022 results: revenue $81.1 million, net income $36.9 million, or $0.13 per diluted share.

Period: the quarter ended December 31, 2022
Revenue: $81.1 million
Net income: $36.9 million, or $0.13 per diluted share
Result: reported results

Exact text from the filing

are seeing for our high-quality assets and our progress optimizing our portfolio.” FINANCIAL RESULTS Revenues For the quarter ended December 31, 2022, total gross revenues were $81.1 million, compared with total gross revenues of $86.5 million for the quarter ended December 31, 2021. The decrease is primarily attributable to property sales, including the

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LXP Industrial Trust reported the year ended December 31, 2022 results: net income Net Income attributable to common shareholders of $107.3 million, or $0.38 per diluted common share.

Period: the year ended December 31, 2022
Net income: Net Income attributable to common shareholders of $107.3 million, or $0.38 per diluted common share
Result: reported results

Exact text from the filing

Full Year 2022 Highlights • Recorded Net Income attributable to common shareholders of $107.3 million, or $0.38 per diluted common share.

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LXP Industrial Trust filing history →

Source: SEC EDGAR

accession 0001539497-23-000320

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