LXP Industrial Trust Q2 2024 AFFO $0.16, Inline, Sales $85.786M Beat $85.036M Estimate
Portfolio Pulse from Benzinga Newsdesk
LXP Industrial Trust reported Q2 2024 AFFO of $0.16 per share, meeting analyst expectations but down 11.11% from last year. Sales were $85.786 million, slightly beating estimates but down 1.45% year-over-year.
July 31, 2024 | 10:16 am
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NEUTRAL IMPACT
LXP Industrial Trust's Q2 2024 AFFO met expectations at $0.16 per share, but this is an 11.11% decrease from last year. Sales of $85.786 million slightly beat estimates but are down 1.45% year-over-year.
The AFFO meeting expectations is neutral news, while the slight beat in sales is positive. However, both metrics being down from last year could be seen as a negative trend, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100