LXP Industrial Trust posts Q1 adjusted FFO rises; rev hurt by dispositions

LXP Industrial Trust

29/04/2026 11:11

Overview

US warehouse REIT posted Q1 net loss, compared to profit a year earlier

Adjusted Company FFO per share rose 2.6% yr/yr

Q1 revenue declined, mainly due to property dispositions

Outlook

LXP sees 2026 net income attributable to common shareholders at $0.00 to $0.15 per diluted share

Company reaffirms 2026 Adjusted Company FFO guidance at $3.22 to $3.37 per diluted share

LXP says active leasing pipeline covers over seven million square feet

Result Drivers

PROPERTY DISPOSITIONS - Co said Q1 revenue decline was mainly due to property dispositions

LEASING MOMENTUM - Co highlighted 1.8 mln sq ft of new and extended second-generation leases in Q1, with base and cash base rents on these leases rising 19.1% and 11.9%, respectively

SAME-STORE NOI GROWTH - Same-store NOI increased 2.0% yr/yr

Company press release: ID:nGNX3bTNb3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.03
Q1 Net Income
-$1.90 mln
Q1 Adjusted FFO
$47.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "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 $53.00, about 3.9% above its April 28 closing price of $51.01

The stock recently traded at 293 times the next 12-month earnings vs. a P/E of 248 three months ago

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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.)