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LXP Industrial Trust ( (LXP) ) has shared an announcement.
For the fourth quarter and full year of 2024, LXP Industrial Trust reported strong financial performance, with net income attributable to common shareholders of $31.4 million and $37.9 million, respectively. The company achieved significant leasing activity and rent increases, while acquiring and disposing of various warehouse facilities and investing in development projects. LXP’s strategic moves, including acquisitions and build-to-suit projects, have strengthened its balance sheet and market positioning, particularly in the Sunbelt regions, and positioned the company to benefit from long-term trends in demographic and advanced manufacturing.
More about LXP Industrial Trust
LXP Industrial Trust is a real estate investment trust that focuses on Class A warehouse and distribution real estate investments. It operates primarily in the warehouse and distribution sector, enhancing its market presence through strategic acquisitions and developments.
YTD Price Performance: 2.00%
Average Trading Volume: 2,013,701
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.41B
Find detailed analytics on LXP stock on TipRanks’ Stock Analysis page.
