LXP Industrial (LXP) Matches Q2 FFO Estimates

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]