LXP Industrial Trust (NYSE:LXP) reported quarterly adjsuted FFO of $0.17 per share. This is unchanged from the same period last year. The company reported quarterly sales of $82.96 million which missed the analyst consensus estimate of $83.83 million by 1.04 percent. This is a 2.28 percent increase over sales of $81.10 million the same period last year.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/4/2024 | $11.00 | Outperform | Exane BNP Paribas |
| 5/15/2023 | $12.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 4/18/2023 | Mkt Outperform | JMP Securities | |
| 4/18/2022 | $14.00 | Underperform | BofA Securities |
| 4/13/2022 | $15.00 | In-line | Evercore ISI |
| 4/11/2022 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 11/19/2021 | $16.00 → $17.00 | Overweight | Keybanc |
| 11/18/2021 | $16.00 | Outperform → In-line | Evercore ISI |
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 lease
WEST PALM BEACH, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP"), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, today announced it will release its third quarter 2024 financial results the morning of Wednesday, November 6, 2024. LXP will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results. Participants may access the call and webcast by the following: Conference Call: (888) 660-6082 or (929) 201-6604 (International) Conference ID: 1576583Webcast: https://events.q4inc.com/attendee/703292840or visit: https://ir.lxp.com/events-and-presentations/eve
WEST PALM BEACH, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE:LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it declared a regular common share dividend for the quarter ending September 30, 2024 of $0.13 per common share payable on or about October 15, 2024 to common shareholders of record as of September 30, 2024. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending September 30, 2024, which is payable on or about November 15, 2024, to shareholders of record as of October 31, 2024. ABOUT LXP INDUSTRIAL TRU
Exane BNP Paribas initiated coverage of LXP Industrial Trust with a rating of Outperform and set a new price target of $11.00
KeyBanc Capital Markets upgraded LXP Industrial Trust from Sector Weight to Overweight and set a new price target of $12.00
JMP Securities initiated coverage of LXP Industrial Trust with a rating of Mkt Outperform
4 - LXP Industrial Trust (0000910108) (Issuer)
4 - LXP Industrial Trust (0000910108) (Issuer)
4 - LXP Industrial Trust (0000910108) (Issuer)
8-K - LXP Industrial Trust (0000910108) (Filer)
10-Q - LXP Industrial Trust (0000910108) (Filer)
8-K - LXP Industrial Trust (0000910108) (Filer)
SC 13G/A - LXP Industrial Trust (0000910108) (Subject)
SC 13G - LXP Industrial Trust (0000910108) (Subject)
SC 13G/A - LXP Industrial Trust (0000910108) (Subject)
Chicago Atlantic Real Estate Finance (NASDAQ:REFI) stands out in the cannabis capital providers and mortgage REIT (mREIT) sectors due to its premium valuation, impressive dividend yield, and robust growth track record. Pablo Zuanic, a senior equity analyst, noted in a recent report, "Of the six publicly listed cannabis capital providers, five are NASDAQ listed, being NLCP (OTC:NLCP) the exception. However, some may not currently provide the right comp due to poor liquidity, size, and relative newness." Performance And Valuation Comparison REFI trades at a 3% premium to its book value, reflecting strong investor confidence in its growth prospects. This stands in contrast to other cannabis
Jefferies analyst Jonathan Petersen maintains LXP Industrial Trust (NYSE:LXP) with a Buy and raises the price target from $11 to $12.
LXP also announced that Nathan Brunner has been appointed Executive Vice President of Capital Markets, effective September 1, 2024, and will assume the roles of CFO and Treasurer upon Boulerice's transition.
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 lease
WEST PALM BEACH, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP"), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate investments, today announced it will release its third quarter 2024 financial results the morning of Wednesday, November 6, 2024. LXP will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results. Participants may access the call and webcast by the following: Conference Call: (888) 660-6082 or (929) 201-6604 (International) Conference ID: 1576583Webcast: https://events.q4inc.com/attendee/703292840or visit: https://ir.lxp.com/events-and-presentations/eve
WEST PALM BEACH, Fla., Sept. 16, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE:LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it declared a regular common share dividend for the quarter ending September 30, 2024 of $0.13 per common share payable on or about October 15, 2024 to common shareholders of record as of September 30, 2024. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending September 30, 2024, which is payable on or about November 15, 2024, to shareholders of record as of October 31, 2024. ABOUT LXP INDUSTRIAL TRU
NEW YORK, July 21, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP"), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced the appointment of Derrick Johnson to its Board of Trustees, effective immediately. Mr. Johnson, Senior Vice President of Operations at Agiliti, brings extensive experience across strategy, marketing, business development, finance and operations within organizations ranging from startups to Fortune 50 corporations. Prior to joining Agiliti, Mr. Johnson spent 20 years with United Parcel Service (UPS) in a variety of strategic and operational roles, including as President of the Southeast. "We
NEW YORK, April 01, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP" or the "Company"), a real estate investment trust (REIT) focused on single-tenant warehouse/distribution real estate investments, today announced the appointment of Arun Gupta to its Board of Trustees (the "Board"), effective immediately. Mr. Gupta, who has over two decades of venture capital experience at Columbia Capital and Carlyle Venture Partners, is currently an adjunct Entrepreneurship professor at Georgetown University, entrepreneurship lecturer at Stanford University, and Venture Partner at Columbia Capital. He brings extensive investing, cybersecurity and technology expertise as well as extensive
Believes Nominees Have the Independent Perspectives, Differentiated Real Estate Investment Experience and Shareholder-Focused Mindsets Needed to Help Reverse Lexington's Chronic Underperformance Objective and Independent New Voices are Needed in the Boardroom to Oversee Leadership Transition Process and Full Review to Determine the Right Path Forward for LXP LXP's Total Shareholder Returns Have Underperformed Proxy Peers and Industrial Peers by Nearly 500% During CEO's 18-year Tenure1 Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a significant shareholder of Lexington Realty Trust ("LXP," "Lexington" or the "Company") (NYSE:LXP), an
4 - LXP Industrial Trust (0000910108) (Issuer)