LXP Industrial Trust Q1 2024 Adj. FFO $0.16, Inline, Sales $86.251M Beat $81.723M Estimate
Portfolio Pulse from Benzinga Newsdesk
LXP Industrial Trust reported its Q1 2024 adjusted FFO at $0.16 per share, meeting analyst expectations, and sales of $86.251M, surpassing the $81.723M forecast. This represents a slight decrease in earnings but an increase in sales compared to the same period last year.
May 02, 2024 | 10:06 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
LXP Industrial Trust's Q1 2024 adjusted FFO per share was $0.16, matching expectations, with sales of $86.251M exceeding estimates. Earnings saw a minor decrease, while sales improved from the previous year.
Meeting the adjusted FFO estimates indicates operational stability, while exceeding sales forecasts suggests growth potential. The slight decrease in earnings might be a concern but is offset by the positive sales trajectory, likely leading to a neutral to slightly positive short-term impact on LXP's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100