LXP Industrial Trust reports Q2 AFFO 16c, consensus 16c

Reports Q2 revenue $85.8M, consensus $85.04M. T. Wilson Eglin, CEO, commented, “Our excellent Q2 results were driven by nearly three million square feet of leasing volume with strong leasing spreads and same-store NOI growth of 5%. This quarter also marked the completion of our portfolio transformation as we sold our final two consolidated office assets. We remain focused on executing internal growth opportunities, including marking current rents to market and leasing our remaining development pipeline, as well as pursuing build-to-suit projects that fit our target market strategy.”