Streetbeat News

LXP

LXP Industrial Trust

https://www.lxp.com

Industry

REIT - Industrial

Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Open

9.34

Mkt cap

5.6B

Volume

1.4M

High

9.34

P/E Ratio

153.00

52-wk high

10.57

Low

9.15

Div yield

0.06

52-wk low

8.13

LXP Industrial Trust projects its 2024 EPS to be between $0.08 and $0.12, an improvement from its previous forecast of $(0.02) to $0.02. The company also expects its Adjusted FFO to range from $0.61 to $0.65 per diluted common share, aligning with the consensus estimate of $0.63.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:18 am

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.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 10:06 am

LXP Industrial Trust has filed for a mixed shelf offering according to an SEC filing. The size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 9:07 pm

LXP Industrial Trust projects its 2024 EPS to be between $(0.02) and $0.02, surpassing the $(0.03) estimate. It also forecasts its Adjusted FFO to range from $0.61 to $0.65 per diluted common share, based on current expectations and excluding certain impacts.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:16 am

LXP Industrial Trust reported its Q4 adjusted FFO at $0.17 per share, consistent with the previous year, and sales of $82.96M, missing the $83.83M estimate but marking a 2.28% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 11:05 am

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

Keybanc analyst Todd Thomas has maintained an Overweight rating on LXP Industrial Trust (NYSE:LXP) but reduced the price target from $12 to $11.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 10:36 am

LXP has revised its FY23 adjusted FFO guidance to $0.68-$0.70 per diluted common share, up from the previous guidance of $0.66-$0.70. This is in line with the consensus estimate of $0.68.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:10 am

LXP has revised its FY23 net income attributable to common shareholders estimate to $0.25-$0.27 per diluted common share, up from the previous guidance of $0.21-$0.25.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:08 am

LXP has announced a 4% increase in its quarterly common share/unit dividend/distribution, raising it from $0.125 to $0.13.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 10:05 am

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