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

WEST PALM BEACH, Fla., July 31, 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 June 30, 2024. Second Quarter 2024 Highlights Recorded Net Income attributable to common shareholders of $3.8 million, or $0.01 per diluted common share.Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted ("Adjusted Company FFO") of $46.9 million, or $0.16 per diluted common share.Increased Same-Store NOI 5.0% in the second quarter compared to the same period in 2023.Completed new leases a

WEST PALM BEACH, Fla. and ROCKFORD, Ill., July 23, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE:LXP), a real estate investment trust (REIT) focused on Class A, warehouse and distribution investments, partnered with Wunder, a category-defining provider of commercial energy solutions, to deploy an on-site solar system at LXP's Rockford, Illinois industrial facility. The 207 kilowatt solar system, which came online in June 2024, is expected to deliver substantial energy bill savings to the tenant. The system is anticipated to generate 261,990 kilowatt hours of power in its first year of operation alone, offsetting more than 403,500 pounds of CO2 emissions. Leslie Moore, SVP,

WEST PALM BEACH, Fla., June 27, 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 second quarter 2024 financial results the morning of Wednesday, July 31, 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/851567747or visit: https://ir.lxp.com/events-and-presentations/event

WEST PALM BEACH, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE:LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it declared a regular common share dividend for the quarter ending June 30, 2024 of $0.13 per common share payable on or about July 15, 2024 to common shareholders of record as of June 28, 2024. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending June 30, 2024, which is payable on or about August 15, 2024, to shareholders of record as of July 31, 2024. ABOUT LXP INDUSTRIAL TRUST LXP Industrial Tru

WEST PALM BEACH, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP"), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that Beth Boulerice will step down from her roles as Chief Financial Officer and Treasurer, effective March 1, 2025. Following such date, she will continue to serve as an Executive Vice President, advising the Chief Executive Officer and working with the Corporate and Accounting departments. 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

WEST PALM BEACH, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today announced results for the quarter ended March 31, 2024. First Quarter 2024 Highlights Recorded Net Loss attributable to common shareholders of $(1.9) million, or $(0.01) per diluted common share.Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted ("Adjusted Company FFO") of $48.8 million, or $0.16 per diluted common share.Increased Industrial Same-Store NOI 6.5% in the first quarter compared to the same period in 2023.Completed a 1

WEST PALM BEACH, Fla., April 12, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP"), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, today announced it will release its first quarter 2024 financial results the morning of Thursday, May 2, 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) 201-6604Conference ID: 1576583Webcast: https://events.q4inc.com/attendee/695085781or visit: https://ir.lxp.com/events-and-presentations/events/default.aspx

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

NEW YORK, May 18, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust ("Lexington") (NYSE:LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced that Elizabeth Noe has been appointed to its Board of Trustees and the Audit Committee of the Board of Trustees, effective May 18, 2021. Ms. Noe recently retired from the global law firm Paul Hastings LLP, which she joined in 1995.  She served as a partner in the firm from February 2001 and as Chair of the Corporate Department from February 2010 until February 2020.  Ms. Noe is the Vice-chair and Chair-elect of the Board of Trustees of Agnes Scott College and has served as a Trustee of the Co

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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

BofA Securities resumed coverage of LXP Industrial Trust with a rating of Underperform and set a new price target of $14.00

Evercore ISI resumed coverage of LXP Industrial Trust with a rating of In-line and set a new price target of $15.00

KeyBanc Capital Markets downgraded LXP Industrial Trust from Overweight to Sector Weight

Keybanc reiterated coverage of Lexington Realty with a rating of Overweight and set a new price target of $17.00 from $16.00 previously

Evercore ISI downgraded Lexington from Outperform to In-line and set a new price target of $16.00

Keybanc upgraded Lexington Realty from Sector Weight to Overweight and set a new price target of $16.00

Wells Fargo reiterated coverage of Lexington Realty with a rating of Overweight and set a new price target of $16.00 from $14.00 previously

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.

2024 EARNINGS GUIDANCE LXP now estimates that its net income attributable to common shareholders for the year ended December 31, 2024 will be within an expected range of $0.08 to $0.12 per diluted common share. LXP is affirming its expectation that Adjusted Company FFO for the year ended December 31, 2024, will be within a range of $0.61 and $0.65 per diluted common share. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

LXP Industrial Trust (NYSE:LXP) reported quarterly Adj. FFO of $0.16 per share which met the analyst consensus estimate. This is a 5.88 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $86.251 million which beat the analyst consensus estimate of $81.723 million by 5.54 percent. This is a 1.38 percent increase over sales of $85.075 million the same period last year.

- SEC Filing

2024 EARNINGS GUIDANCE LXP estimates that its net income attributable to common shareholders for the year ended December 31, 2024 will be within an expected range of $(0.02) to $0.02 per diluted common share. LXP estimates its Adjusted Company FFO for the year ended December 31, 2024, will be within an expected range of $0.61 to $0.65 per diluted common share. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

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.

Companies Reporting Before The Bell • Cognex (NASDAQ:CGNX) is estimated to report quarterly earnings at $0.10 per share on revenue of $188.59 million. • Cenovus Energy (NYSE:CVE) is likely to report quarterly earnings at $0.25 per share on revenue of $10.11 billion. • Wendy's (NASDAQ:WEN) is likely to report quarterly earnings at $0.23 per share on revenue of $546.97 million. • Agios Pharmaceuticals (NASDAQ:AGIO) is expected to report quarterly loss at $1.65 per share on revenue of $7.94 million. • Appian (NASDAQ:APPN) is estimated to report quarterly loss at $0.24 per share on revenue of $140.92 million. • Blueprint Medicines (NASDAQ:BPMC) is likely to report quarterly loss at $2.04 p

Keybanc analyst Todd Thomas maintains LXP Industrial Trust (NYSE:LXP) with a Overweight and lowers the price target from $12 to $11.