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LXP Industrial Trust (LXP)
NYSE:LXP
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 8.46%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with strong leasing performance, successful asset divestment and redeployment, effective interest rate management, and high occupancy rates. However, challenges remain in leasing large development projects and handling increased interest expenses. The sentiment is more positive due to significant achievements in leasing and revenue growth.Company Guidance
During the LXP Industrial Trust Fourth Quarter Earnings Call for fiscal year 2024, several key metrics and guidance for 2025 were discussed. The company reported strong leasing outcomes, with a leasing volume of nearly 1 million square feet in the fourth quarter, resulting in base and cash-based rental increases of approximately 66% and 43%, respectively. For the year, they achieved a same-store NOI growth of 5%. LXP also completed significant investment activities, divesting certain assets and acquiring new properties in the Sunbelt markets, leading to a reduction in leverage to 5.9 times net debt to adjusted EBITDA. The company executed interest rate swap agreements on $333 million of floating rate debt, locking in fixed rates on 97% of their debt through 2026. Looking forward to 2025, LXP provided guidance for adjusted company funds from operations (FFO) in the range of $0.61 to $0.65 per diluted share. This guidance reflects the potential impact of big box leasing, with the lower end assuming no leases and the higher end assuming all three big box leases are completed in the second half of the year.Strong Leasing Performance
Leasing volume of nearly 1 million square feet with base and cash-based rental increases of 66% and 43%, respectively. For the year, 4.5 million square feet of leasing volume with base and cash-based rent increases of 46% and 40%.
Successful Divestment and Redeployment
Sold remaining consolidated office assets and other properties, redeploying proceeds into a build-to-suit and four Class A properties in Sunbelt markets.
Interest Rate Management
Executed forward interest rate swap agreements on $333 million of floating rate debt, effectively locking in fixed rates on 97% of debt through year-end 2026.
High Occupancy and NOI Growth
Same-store portfolio was 99.5% leased at quarter end, with same-store NOI growth of 5% for the year.
Profitable Land Sale
Sold 100-acre Phoenix ground lease parcel for $83 million, representing a $60 million profit over the initial investment.
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LXP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LXP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $8.04 | $8.42 | +4.73% |
| Nov 06, 2024 | $9.00 | $9.42 | +4.67% |
| Jul 31, 2024 | $10.00 | $9.84 | -1.60% |
| May 02, 2024 | $7.96 | $8.10 | +1.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does LXP Industrial Trust (LXP) report earnings?
LXP Industrial Trust (LXP) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is LXP Industrial Trust (LXP) earnings time?
LXP Industrial Trust (LXP) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LXP EPS forecast?
LXP EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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