secwatch.observer — SEC 8-K summary
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Issuer:     LXP Industrial Trust (LXP)
CIK:        0000910108
Form:       8-K
Filed at:   2023-02-17T23:59:59+00:00
Accession:  0001539497-23-000320
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910108/000153949723000320/0001539497-23-000320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910108/000153949723000320/n3045-x18_8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-23-000320

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