LXP Industrial Trust Q3 net income jumps, sets reverse stock split

Reuters10-30
LXP Industrial Trust Q3 net income jumps, sets reverse stock split

Overview

  • LXP Q3 net income rises to $34.6 mln, EPS at $0.12 per share

  • Adjusted Company FFO for Q3 at $46.7 mln

  • Company announces 1-for-5 reverse stock split effective November 10, 2025

Outlook

  • LXP estimates 2025 net income at $0.25-$0.26 per diluted share

  • LXP tightens 2025 Adjusted Company FFO guidance to $0.63-$0.64 per share

Result Drivers

  • PROJECT SALES - Sale of two vacant development projects at a 20% premium boosted net income and reduced leverage

  • LEASING ACTIVITY - Increased leasing activity raised occupancy to 96.8% and boosted rental income

  • ACQUISITION - Acquired a warehouse facility for $30 mln, contributing to revenue growth

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$0.12

Q3 Net Income

$34.60 mln

Q3 Adjusted FFO

$46.70 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the commercial reits peer group is "buy"

  • Wall Street's median 12-month price target for LXP Industrial Trust is $10.00, about 4.8% above its October 29 closing price of $9.52

  • The stock recently traded at 123 times the next 12-month earnings vs. a P/E of 263 three months ago

Press Release: ID:nGNX1PrqG3

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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