LXP Industrial Trust Q2 Adj. FFO $0.18 Up From $0.17 YoY, Sales $87.05M Beat $85.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
LXP Industrial Trust (NYSE:LXP) reported Q2 adjusted FFO of $0.18 per share, a 5.88% increase YoY. The company's quarterly sales were $87.05 million, beating the analyst consensus estimate of $85.91 million by 1.33% and marking a 9.12% increase YoY.
August 04, 2023 | 10:45 am
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POSITIVE IMPACT
LXP Industrial Trust reported a YoY increase in Q2 adjusted FFO and sales, beating analyst estimates. This positive earnings report could potentially boost investor confidence and the stock's short-term performance.
LXP Industrial Trust reported a YoY increase in Q2 adjusted FFO and sales, exceeding analyst estimates. This indicates a strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100