LXP(US:LXP)2022-08-04 12:18Portfolio Highlights - LXP Industrial Trust's stabilized industrial portfolio is 993% leased[7] - The weighted-average lease term for the warehouse/distribution portfolio is 67 years[15] - Investment-grade tenancy accounts for 593% of the Annual Base Rent (ABR) for consolidated properties[15] - The average age of the warehouse/distribution portfolio is 89 years[15] - The top 25 markets represent 768% of the portfolio[15] - Net Operating Income (NOI) for the warehouse/distribution portfolio is $1096 million for the six-month period[15] - Same-store NOI growth is 55% year-to-date[15] Financial Performance and Strategy - The company acquired a warehouse/distribution facility for approximately $59 million, bringing year-to-date purchases to $131 million[5] - The company disposed of approximately $55 million of non-core assets at a weighted-average capitalization rate of 62%[6] - Leverage is at 68x net debt to Adjusted EBITDA[8] - The company repurchased approximately 79 million common shares year-to-date at an average price of $1127 per share[9]