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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