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Stock impact report

LXP Industrial Trust Reports Third Quarter 2024 Results

LXP Industrial Trust (Maryland REIT) (LXP) 
Last lxp industrial trust (maryland reit) earnings: 2/20 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.lxp.com
Company Research Source: GlobeNewswire
WEST PALM BEACH, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Recorded Net Income attributable to common shareholders of $4.7 million, or $0.02 per diluted common share.Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $46.7 million, or $0.16 per diluted common share.Increased Same-Store NOI 5.4% in the third quarter compared to the same period in 2023.Completed new leases and lease extensions totaling 0.7 million square feet, raising Base and Cash Base Rents by 38.3% and 22.5%, respectively.Leased and placed into service a 250,020 square foot speculative development facility located in Columbus, Ohio. Invested an aggregate of $27.5 million in development activitie Show less Read more
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