LXP Industrial Trust (NYSE:LXP) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Heather Gentry - IR Will Eglin - CEO Brendan Mullinix - CIO James Dudley - EVP Beth Boulerice - CFO Conference Call Participants Anthony Paolone - JPMorgan Todd Thomas - KeyBanc Capital Markets Mitch Germain - Citizens JMP Camille Bonnel - Bank of America James Kammert - Evercore ISI Jon Petersen - Jefferies LLC Operator Thank you for standing by. My name is Christa and I will be your conference op ...

▪ Support local communities through volunteer events and monetary donations ▪ Routinely engage with ourtenants to understandleasing and operational needs, provide resources to promote sustainable tenant operations ▪ Established a women's mentorship group ▪ Conducted a tenant feedback survey throughKingsley Associates (KA), achieving a satisfaction score in excess ofthe KA average ▪ Distributed annual ESG+R Metrics Survey to tenants and property teams to collect sustainability metrics across the portfolio in ...

A quarter ago, it was expected that this real estate investment trust would post FFO of $0.16 per share when it actually produced FFO of $0.16, delivering no surprise. LXP Industrial, which belongs to the Zacks REIT and Equity Trust - Residential industry, posted revenues of $85.79 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.70%. This compares to year-ago revenues of $87.05 million. The company has topped consensus revenue estimates just once over the last four quarter ...

T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, "Our excellent second quarter results were driven by nearly three million square feet of leasing volume with strong leasing spreads and same-store NOI growth of 5%. This quarter also marked the completion of our portfolio transformation as we sold our final two consolidated office assets. We remain focused on executing internal growth opportunities, including marking current rents to market and leasing our remaining development pipelin ...

Leslie Moore, SVP, Director of ESG and Corporate Operations, commented, "We are excited to add another solar installation to our portfolio to further enhance LXP's sustainability initiatives. Our partnership with Wunder provided us with an end-to-end solution without any capital outlay from LXP. We are appreciative of Wunder's expertise and persistence in completing this project." ABOUT LXP INDUSTRIAL TRUST ABOUT WUNDER This release contains certain forward-looking statements which involve known and unknown ...

Dividend investing doesn't have to be a popularity contest and sometimes, the best values can be found in underfollowed stocks that are flying under the radar for most investors. Layering into these dividend payers can be a bonus for value investors due to their attractive prices and higher yield, especially if they are well-positioned in a growth industry. This brings me to LXP Industrial (NYSE:LXP), which I last covered in March, highlighting its transformation and strong portfolio fundamentals. The stock ...

Please access the website or call the conference center at least fifteen minutes prior to the start of the call to download and install any necessary computer audio software and/or register for the call. Conference Call: (888) 660-6082 or (929) 201-6604 (International) Conference ID: 1576583 Webcast: https://events.q4inc.com/attendee/851567747 or visit: https://ir.lxp.com/events-and-presentations/events/default.aspx to access webcast link LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate inv ...

A telephone replay of the call will be available through October 29, 2024 and via webcast for one year by accessing: LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in target markets across the Sunbelt and Midwest. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information, including LXP's Quarterly Supplemental Informa ...

WEST PALM BEACH, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it declared a regular common share dividend for the quarter ending June 30, 2024 of $0.13 per common share payable on or about July 15, 2024 to common shareholders of record as of June 28, 2024. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferre ...

WEST PALM BEACH, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it declared a regular common share dividend for the quarter ending June 30, 2024 of $0.13 per common share payable on or about July 15, 2024 to common shareholders of record as of June 28, 2024. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferre ...