LXP Industrial: Q1 Earnings Snapshot

Published: 2025-05-01 06:11:11 ET LXP

Published on 05/01/2025 at 06:11

WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — LXP Industrial Trust (LXP) on Thursday reported a key measure of profitability in its first quarter.

The West Palm Beach, Florida-based real estate investment trust said it had funds from operations of $46.4 million, or 16 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $17.3 million, or 6 cents per share.

The real estate investment trust, based in West Palm Beach, Florida, posted revenue of $88.9 million in the period.

LXP Industrial expects full-year funds from operations in the range of 61 cents to 65 cents per share.

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