---
schema_version: "secwatch.filing_event.v1"
accession: "0001539497-23-000846"
form_type: "8-K"
ticker: "LXP"
cik: "0000910108"
company_name: "LXP Industrial Trust"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:50:20.796077+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# LXP Q1 net income $9.5M ($0.03); Adjusted FFO $0.17; raises dev yield to 6.0-6.5%

## Summary
- Net income to common shareholders $9.5M ($0.03/diluted) vs $9.0M ($0.03) in Q1 2022.
- Adjusted Company FFO $50.3M ($0.17/diluted), up from $48.1M ($0.16) prior year.
- Industrial same-store NOI +5.0% YoY; 2.3M sq ft lease extensions, Base rent +45%, Cash Base rent +28.5%.
- Completed 392k sq ft Phoenix development; raised dev pipeline yield estimate to 6.0%-6.5% from 5.5%-6.0%.
- 2023 guidance: net income $0.18-$0.22/diluted; reaffirmed Adjusted Company FFO $0.66-$0.70/diluted.

## SEC filing metadata
- accession: 0001539497-23-000846
- form_type: 8-K
- ticker: LXP
- cik: 0000910108
- company_name: LXP Industrial Trust
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910108/000153949723000846/0001539497-23-000846-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910108/000153949723000846/n3521_x4-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001539497-23-000846
- JSON: https://secwatch.observer/filing/0001539497-23-000846.json
- Plain text: https://secwatch.observer/filing/0001539497-23-000846.txt

## Key facts
- Earnings Releases
  LXP Industrial Trust reported the quarter ended March 31, 2023 results: revenue $85.1 million, net income $9.5 million, EPS $0.03 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $85.1 million
  - Net income: $9.5 million
  - EPS: $0.03 per diluted share
  - Result: reported results
  source text: 4.3 million square foot development pipeline to a range of 6.0% to 6.5%.” Page 2 of 12 FINANCIAL RESULTS Revenues For the quarter ended March 31, 2023, total gross revenues were $85.1 million, compared with total gross revenues of $80.3 million for the quarter ended March 31, 2022. The increase is primarily attributable to revenue from acquisitions and
  evidence_url: https://www.sec.gov/Archives/edgar/data/910108/000153949723000846/0001539497-23-000846-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.