Welcome to our dedicated page for LXP Industrial Trust news (Ticker: LXP), a resource for investors and traders seeking the latest updates and insights on LXP Industrial Trust stock.
LXP Industrial Trust (NYSE: LXP) is a specialized real estate investment trust (REIT) that focuses on single-tenant warehouse and distribution centers across the United States. Headquartered in New York, the company is dedicated to owning and managing high-quality industrial properties that are net leased to major corporations.
The majority of LXP's revenue is derived from rental income, showcasing the stability and recurring nature of its business model. As of June 30, 2023, LXP's stabilized industrial portfolio was impressively 99.5% leased. In the first half of 2023 alone, the company successfully negotiated leases covering 4.2 million square feet, with base and cash base rents increasing by 40.8% and 25.8%, respectively.
Recent milestones highlight LXP's robust performance and strategic growth. In the third quarter of 2023, the Board authorized a 4% increase in dividends, reflecting the company's strong financial health and commitment to shareholder value. Additionally, LXP continues to expand its footprint with significant projects and acquisitions, including the partial completion of the South Shore development project and strategic land purchases for future industrial developments.
LXP also provides investment advisory and asset management services to investors in the net lease sector, further diversifying its revenue streams and leveraging its expertise in the real estate market. The company is known for its disciplined and strategic approach to capital allocation, ensuring long-term value creation for its stakeholders.
For investors seeking a reliable and growth-oriented player in the industrial real estate sector, LXP Industrial Trust represents a compelling opportunity. With a consistent track record of high occupancy rates, strategic lease agreements, and a strong focus on industrial properties, LXP is well-positioned to capitalize on the growing demand for warehouse and distribution spaces in the U.S.
For more detailed information and the latest updates on LXP Industrial Trust's performance, financials, and strategic initiatives, interested parties can contact Heather Gentry, Senior Vice President of Investor Relations, at (212) 692-7200 or via email at hgentry@lxp.com.
LXP Industrial Trust (NYSE:LXP), a REIT focusing on single-tenant warehouse and distribution properties, announced its recognition as a 2023 Green Lease Leader with Gold status from the Institution for Market Transformation and the U.S. Department of Energy's Better Buildings Alliance.
This accolade highlights LXP's commitment to energy efficiency and sustainability through its green leasing practices, including utility data tracking and sustainability training. By year-end 2022, LXP's portfolio encompassed approximately five million square feet of green leases. Senior VP Leslie Moore expressed pride in this achievement and the company's goal to expand its green lease footprint further.
On April 13, 2023, LXP Industrial Trust (NYSE:LXP) announced it will release its Q1 2023 financial results on May 3, 2023. The conference call will take place at 8:30 a.m. ET that same day, allowing stakeholders to discuss the results. Participants can join via telephone at (888) 660-6082 with Conference ID 1576583 or via webcast through the provided links. A replay of the call will be available until August 1, 2023. LXP, a real estate investment trust focused on single-tenant warehouse and distribution properties, aims to expand its portfolio through acquisitions and development projects. Interested parties are advised to log in early to prepare for the call.
LXP Industrial Trust (NYSE: LXP) has declared a quarterly common share dividend of $0.125 per share, payable on or about April 17, 2023, to shareholders of record as of March 31, 2023. Additionally, a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock has been announced, payable on or about May 15, 2023, to shareholders of record as of April 28, 2023. LXP focuses on single-tenant industrial real estate investments and continues to seek portfolio expansion through various investments and development strategies.
LXP Industrial Trust (NYSE:LXP), a real estate investment trust (REIT) specializing in single-tenant warehouse and distribution properties, announced revised information for its fourth quarter 2022 conference call. The conference call remains unchanged, with participants able to access the replay and webcast through specific phone numbers and a dedicated link. The telephone replay will be available until May 17, 2023. LXP aims to expand its portfolio through acquisitions, development, and sale/leaseback transactions. For more information, investors can visit LXP's official website.
LXP Industrial Trust (NYSE:LXP) reported its fourth quarter and full-year 2022 results, with a net income attributable to common shareholders of $36.9 million, or $0.13 per diluted share in Q4. The total gross revenues for Q4 were $81.1 million, down from $86.5 million in Q4 2021. Adjusted Company FFO for Q4 was $47.9 million ($0.17 per diluted share), compared to $53.8 million ($0.18) a year earlier. For the full year 2022, net income was $107.3 million ($0.38 per diluted share) and Adjusted Company FFO was $193.1 million ($0.67). LXP completed 4.1 million square feet in leases, raising base rents by 30.7%. Looking ahead, the company forecasts 2023 Adjusted Company FFO between $0.66 and $0.70 per diluted share.
LXP Industrial Trust (NYSE:LXP) has announced that it will release its fourth quarter 2022 financial results on February 16, 2023. A conference call and webcast will follow at 8:30 a.m. Eastern Time on the same day. Participants can join the call via telephone at (888) 660-6144 or through the webcast link provided.
The call will have a replay available until May 17, 2023. LXP focuses on single-tenant warehouse and distribution investments across the U.S. and aims to grow its portfolio through various investment strategies. For more information, visit their official website.
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