Company Performance - LXP Industrial reported revenues of $85.79 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.70% and down from $87.05 million year-over-year [2] - The company posted funds from operations (FFO) of $0.16 per share, which was in line with the Zacks Consensus Estimate but down from $0.18 per share a year ago [7][8] - Over the last four quarters, LXP Industrial has only surpassed consensus revenue estimates once [2] Stock Performance - LXP Industrial shares have increased approximately 5.4% since the beginning of the year, while the S&P 500 has gained 14% [3] - The current consensus FFO estimate for the upcoming quarter is $0.16 on revenues of $86.36 million, and for the current fiscal year, it is $0.63 on revenues of $346.63 million [5] Industry Outlook - The REIT and Equity Trust - Residential industry is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook [13] - The performance of LXP Industrial's stock may be influenced by the overall industry outlook and trends in estimate revisions [4][13]

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 ...

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 ...

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 ...

Group 1 - LXP Industrial Trust declared a regular common share dividend of $0.13 per share for the quarter ending June 30, 2024, payable on or about July 15, 2024, to shareholders of record as of June 28, 2024 [1] - The company also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the same quarter, payable on or about August 15, 2024, to shareholders of record as of July 31, 2024 [2] - LXP Industrial Trust is focused on class A, single-tenant warehouse and distribution investments across the United States, aiming to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions [4]

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 ...

Core Viewpoint - LXP Industrial Trust is undergoing a leadership transition with the announcement of Beth Boulerice stepping down as CFO and Treasurer, effective March 1, 2025, and Nathan Brunner being appointed as Executive Vice President of Capital Markets, effective September 1, 2024, to succeed her in these roles [1][2]. Group 1: Leadership Transition - Beth Boulerice will continue as Executive Vice President after her transition, advising the CEO and working with Corporate and Accounting departments [1]. - Nathan Brunner brings over 19 years of investment banking experience, with 14 years focused on real estate at J.P. Morgan, and will assume the CFO and Treasurer roles after Boulerice [2]. Group 2: Company Background - LXP Industrial Trust is a publicly traded REIT focused on single-tenant warehouse and distribution investments across the United States, aiming to expand its portfolio through acquisitions, development projects, and sale/leaseback transactions [3].

WEST PALM BEACH, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) ("LXP"), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that Beth Boulerice will step down from her roles as Chief Financial Officer and Treasurer, effective March 1, 2025. Following such date, she will continue to serve as an Executive Vice President, advising the Chief Executive Officer and working with the Corporate and Accounting departments. LXP al ...