Earnings summaries and quarterly performance for LXP Industrial Trust.
Executive leadership at LXP Industrial Trust.
T. Wilson Eglin
Detailed
Chairman, Chief Executive Officer and President
CEO
BB
Beth Boulerice
Detailed
Executive Vice President
BP
Brendan P. Mullinix
Detailed
Executive Vice President and Chief Investment Officer
JD
James Dudley
Detailed
Executive Vice President and Director of Asset Management
JS
Joseph S. Bonventre
Detailed
Executive Vice President, Chief Operating Officer, General Counsel and Secretary
MC
Mark Cherone
Detailed
Executive Vice President and Chief Accounting Officer
NA
Nabil Andrawis
Detailed
Executive Vice President and Director of Taxation
NB
Nathan Brunner
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
Board of directors at LXP Industrial Trust.
Research analysts who have asked questions during LXP Industrial Trust earnings calls.
JK
James Kammert
Evercore ISI
4 questions for LXP
Also covers: ADC, ARE, CHCT +6 more
Todd Thomas
KeyBanc Capital Markets
3 questions for LXP
Also covers: AAT, AKR, BRX +20 more
AP
Anthony Paolone
JPMorgan Chase & Co.
2 questions for LXP
Also covers: ARE, AVB, BDN +30 more
Jon Petersen
Jefferies
2 questions for LXP
Also covers: CORZ, CUBE, DLR +11 more
MG
Mitch Germain
Citizens JMP
2 questions for LXP
Also covers: ALEX, CIGI, CWK +13 more
Vince Tibone
Green Street
2 questions for LXP
Also covers: CBL, COLD, EGP +7 more
AP
Anthony Peak
KeyBanc Capital Markets
1 question for LXP
Also covers: AAT, EXR
JY
Jyoti Yadav
Citizens Capital Markets
1 question for LXP
Also covers: ILPT
Recent press releases and 8-K filings for LXP.
LXP Industrial Trust closes on new $850 million credit facilities
LXP
Debt Issuance
- LXP Industrial Trust closed on a $600 million unsecured revolving credit facility and a $250 million unsecured term loan on January 13, 2026.
- The new revolving credit facility matures on January 31, 2030, and the unsecured term loan has an initial maturity date of January 31, 2029.
- The interest rate for the revolving credit facility was reduced to SOFR plus 77.5 basis points (from SOFR plus 95 basis points), and the term loan's interest rate was reduced to SOFR plus 85 basis points (from 110 basis points).
- LXP's Chief Financial Officer stated that these new debt facilities extend the company's debt maturity profile and reduce interest costs, strengthening the balance sheet and increasing financial flexibility.
Jan 14, 2026, 10:27 PM
LXP Industrial Trust Secures New Credit Facility and Refinances Term Loan
LXP
Debt Issuance
- LXP Industrial Trust closed a $600 million senior unsecured revolving credit facility with a maturity date of January 31, 2030, and an interest rate of SOFR plus 77.5 basis points, reduced from SOFR plus 95 basis points under the previous facility.
- The company also refinanced its $250 million unsecured term loan, which now has an initial maturity date of January 31, 2029, and an interest rate of SOFR plus 85 basis points, a reduction from the prior 110 basis points.
- These new debt facilities are expected to extend LXP's debt maturity profile and reduce interest costs, thereby strengthening the balance sheet and increasing financial flexibility.
- This financial progress in 2025, including reducing leverage to approximately five times net debt to Adjusted EBITDA, led to S&P Global Ratings revising LXP's outlook to positive.
Jan 14, 2026, 12:00 PM
LXP Industrial Trust completes 1-for-5 reverse share split
LXP
Dividends
Executive Compensation
- LXP Industrial Trust completed a 1-for-5 reverse share split of its common shares, effective November 10, 2025.
- This action reduced the number of outstanding common shares from approximately 295.8 million to approximately 59.2 million.
- The previously announced quarterly dividend of $0.14 per common share will become $0.70 per share after accounting for the reverse share split.
- The total number of shares available for issuance under the 2022 Equity-Based Award Plan was adjusted from 9,000,000 to 1,800,000 Shares to reflect the reverse split.
- LXP's common shares will commence trading on a split-adjusted basis on the New York Stock Exchange on November 11, 2025, under a new CUSIP number (529043408).
Nov 10, 2025, 10:51 PM
LXP Industrial Trust Completes Reverse Share Split
LXP
Dividends
Delisting/Listing Issues
- LXP Industrial Trust completed a 1-for-5 reverse share split effective after the close of business on November 10, 2025.
- As a result, the number of outstanding common shares was reduced from approximately 295.8 million to approximately 59.2 million.
- LXP's common shares will commence trading on a split-adjusted basis on November 11, 2025, under a new CUSIP number (529043408).
- The previously announced quarterly dividend of $0.14 per common share will be $0.70 per share after accounting for the reverse share split.
Nov 10, 2025, 10:09 PM
LXP Industrial Trust Reports Q3 2025 Results, Announces Dividend Increase and Reverse Stock Split
LXP
Earnings
Dividends
Guidance Update
- LXP Industrial Trust reported Net Income attributable to common shareholders of $34.6 million (or $0.12 per diluted common share) and Adjusted Company Funds From Operations (FFO) of $46.7 million (or $0.16 per diluted common share) for the third quarter ended September 30, 2025.
- The company sold two vacant development projects for $175 million, representing a 20% premium over gross book value, and reduced its net debt to Adjusted EBITDA to 5.2x.
- LXP's Board authorized a 3.7% dividend increase, declaring a regular quarterly common share dividend of $0.14 per common share (pre-split) for the quarter ending December 31, 2025.
- A 1-for-5 reverse stock split of common shares is expected to take place on November 10, 2025, which will reduce outstanding common shares from approximately 295.8 million to 59.2 million.
- The company tightened its estimated Adjusted Company FFO guidance for the year ending December 31, 2025, to an expected range of $0.63 to $0.64 per diluted common share (pre-split).
Oct 30, 2025, 5:29 PM
LXP Industrial Trust Announces Q3 2025 Results, Strategic Asset Sale, Dividend Increase, and Stock Split
LXP
Earnings
Guidance Update
Dividends
- LXP Industrial Trust completed the transformative sale of two vacant development projects for $175 million, using $140 million of the net proceeds to repay senior notes, which reduced net debt to adjusted EBITDA to 5.2x from 5.8x and is expected to generate 6% accretion to adjusted company FFO per share.
- The company updated its 2025 adjusted company FFO guidance to $0.63-$0.64 per share and narrowed its full-year same store NOI growth guidance to 3% to 3.5%.
- The Board of Trustees authorized an annualized dividend increase of $0.02 per share to $0.56 per share (pre-split basis), representing a 3.7% increase, and approved a 1-for-5 reverse stock split effective November 10, 2025.
- Portfolio occupancy increased to 96.8% , with an average annual escalator of 2.9% and in-place rents 17% below market. The company is projecting approximately 20% mark-to-market for 2026 remaining lease expirations.
Oct 30, 2025, 12:30 PM
LXP Industrial Trust Announces Q3 2025 Results and Strategic Actions
LXP
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- LXP Industrial Trust reported Adjusted Company FFO of $0.16 per share and achieved 4% year-to-date same-store NOI growth in Q3 2025.
- The company sold two vacant development projects for $175 million, realizing a 20% premium over gross book value, and subsequently repaid $140 million of outstanding 6.75% Senior Notes due 2028, reducing Net Debt to Adjusted EBITDA to 5.2x.
- Portfolio occupancy increased to 96.8%, with 1.8 million SF of leases extended year-to-date at approximately 30-31% increases in Base and Cash Base Rents.
- LXP announced a 1-for-5 reverse stock split of common shares, expected to take place on November 10, 2025.
- The company's portfolio is positioned for future growth with an estimated ~17% mark-to-market on rents for leases expiring through 2030 and 2.9% average annual rent escalations, supported by $280 billion in advanced manufacturing investment in its target markets.
Oct 30, 2025, 12:30 PM
LXP Industrial Trust Announces Q3 2025 Results, Strategic Asset Sale, and Dividend Increase
LXP
Earnings
Guidance Update
Dividends
- LXP Industrial Trust completed the transformative sale of two vacant development projects for $175 million, leading to a reduction in leverage to 5.2 times net debt to adjusted EBITDA and an estimated 6% accretion to adjusted company FFO per share.
- The Board of Trustees authorized an annualized dividend increase of $0.02 per share to $0.56 per share (pre-split basis), a 3.7% increase, payable in Q1 2026.
- The company narrowed its 2025 adjusted company FFO guidance to $0.63 to $0.64 per share and its full-year 2025 same store NOI growth guidance to 3% to 3.5%. Portfolio occupancy increased to 96.8%.
- A 1-for-5 reverse stock split was approved, scheduled to take effect on November 10, 2025.
- LXP projects approximately a 20% mark-to-market for 2026 remaining lease expirations and anticipates around 80% retention for 2026.
Oct 30, 2025, 12:30 PM
LXP Industrial Trust Reports Q3 2025 Results, Strategic Asset Sale, and Dividend Increase
LXP
Earnings
Guidance Update
Dividends
- LXP Industrial Trust reported adjusted company FFO in 3Q16 per diluted common share for approximately $47 million and updated its 2025 adjusted company FFO guidance to $0.63 to $0.64 per share.
- The company completed a strategic sale of two vacant development projects for $175 million, representing a 20% premium to gross book value. Net proceeds of $151 million were used to repay $140 million of 6.75% senior notes due 2028, reducing leverage to 5.2 times net debt to adjusted EBITDA from 5.8 times. This transaction is expected to generate 6% accretion to adjusted company FFO per share.
- Portfolio occupancy increased to 96.8% from 94.1%. Same store NOI growth was 2% for Q3 2025, with full-year guidance narrowed to 3% to 3.5%. The average annual rent escalator increased to 2.9%.
- The Board of Trustees authorized an annualized dividend increase of $0.02 per share to $0.56 per share (pre-split) and approved a 1-for-5 reverse stock split effective November 10, 2025.
Oct 30, 2025, 12:30 PM
LXP Industrial Trust Reports Q3 2025 Results, Announces Reverse Stock Split and Dividend Increase
LXP
Earnings
Guidance Update
Dividends
- LXP Industrial Trust reported Net Income attributable to common shareholders of $34.6 million, or $0.12 per diluted common share, and Adjusted Company Funds From Operations (FFO) of $46.7 million, or $0.16 per diluted common share, for the third quarter ended September 30, 2025.
- The company sold two vacant development projects for $175 million, representing a 20% premium over gross book value, and reduced net debt to Adjusted EBITDA to 5.2x.
- LXP announced a 1-for-5 reverse stock split expected to take place on November 10, 2025, and updated its 2025 Adjusted Company FFO guidance to a range of $0.63 to $0.64 per diluted common share (pre-split).
- A regular quarterly common share dividend for the quarter ending December 31, 2025, of $0.14 per common share (pre-split) was declared, representing a 3.7% increase from the previous quarterly dividend.
Oct 30, 2025, 10:00 AM
Quarterly earnings call transcripts for LXP Industrial Trust.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more