LXP(US:LXP)2025-05-01 11:16Portfolio Highlights - LXP Industrial Trust has gross assets of $4.9 billion[7] - The portfolio consists of 118 properties[7] and is 100% industrial real estate[7] - Approximately 85% of the portfolio is concentrated in 12 target markets[7, 31] - Around 91% of the properties are classified as Class A[7] Financial Performance & Growth Drivers - The company achieved same-store NOI growth of 5.2% in the first quarter of 2025[14] - Leases expiring through 2030 have an estimated mark-to-market opportunity of approximately 18%[17, 53, 63] - The average annual rental escalators are trending up, with a rate of 2.8%[17, 58] and 3.6% on leases signed in 2025[53, 58] - The company estimates $25 million in initial annual cash rent from available leases, equivalent to $0.08 per share or 13% of FFO[53] Balance Sheet & Strategy - LXP's leverage stands at 5.9x Net Debt to Adjusted EBITDA[14, 71, 107] - The company sold one property for approximately $35 million at a cash capitalization rate of 3.8%[14] and another for ~$40 million at a cash capitalization rate of 4.3%[14]