LXP Industrial Trust (LXP)
NYSE:LXP
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum: solid leasing activity (notably in large-format space), positive mark-to-market rent increases, healthy occupancy levels, modest FFO growth (2.6% YoY), maintenance of full-year guidance, and robust liquidity. Near-term risks include timing-related headwinds to same-store NOI in Q2, about 1.8M sq ft of vacancy (estimated at $0.32 per share), and several known move-outs (~550k sq ft in H2 2026) that require successful leasing to meet guidance. On balance, the positives around leasing, rent uplifts, balance sheet strength and development optionality outweigh the near-term timing and vacancy challenges.Company Guidance
Strong Leasing Momentum and Large-Format Demand
Executed 3.2 million sq ft of new leases and renewals year-to-date; 1.8 million sq ft leased during the quarter including a 1.1M sq ft extension in Greenville-Spartanburg. Large-format (1M+ sq ft) leasing remains strongest, supported by limited supply (e.g., Phoenix West Valley now has no available million-square-foot buildings). Active discussions on ~7.4 million sq ft of development/redevelopment leasing vacancy and expirations through 2027.
Meaningful Mark-to-Market Rent Upside
Addressed ~3.7 million sq ft (57%) of 2026 lease roll with an average cash rental increase of ~25% (excludes 2 fixed-rate renewals). Other outcomes: 42% cash rent increase on a 352k sq ft Charlotte renewal; 34% cash increase on an 85k sq ft Indianapolis lease; 25% cash increase on new Houston lease (250k sq ft) and 25% increase on San Antonio 850k extension.
Occupancy and Stabilized Portfolio Health
Stabilized portfolio 96.6% leased at quarter end and 97.1% proforma for April leases, roughly in line with year-end 2025. Management guidance assumes average occupancy ~96.5% at the midpoint and up to 97% at the high end.
Financial Performance and Guidance Maintained
Adjusted company FFO of ~$47 million, or $0.80 per diluted share, representing 2.6% growth year-over-year. Same-store NOI growth of 2.0% for the quarter. Management maintained 2026 adjusted company FFO guidance of $3.22–$3.37 per share and same-store NOI growth guidance of 1.5%–2.5%.
Strong Balance Sheet and Liquidity
Net debt to annualized adjusted EBITDA of 5.1x at quarter end. $1.3 billion cash on balance sheet and the $600 million revolver undrawn and fully available. Credit facility recast and a $250 million term loan extended maturities and reduced interest costs, improving flexibility.
Value-Creating Development Optionality
Construction underway on a 1.2M sq ft Phoenix development (spec) with a prospective tenant in discussions; Columbus land bank (69 acres) can support ~1.25M sq ft across three buildings. Management intends to fund new developments via opportunistic asset sales from non-target markets and 1031 exchanges.
Capital Returns and Buybacks
Repurchased 325,000 shares in the quarter at an average price of $48.70 per share, indicating opportunistic capital return while prioritizing development for value creation.
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
LXP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $51.01 | $50.16 | -1.67% |
Feb 12, 2026 | $50.78 | $47.52 | -6.42% |
Oct 30, 2025 | $46.23 | $47.30 | +2.31% |
Jul 30, 2025 | $38.60 | $37.69 | -2.35% |
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.
FAQ
When does LXP Industrial Trust (LXP) report earnings?
LXP Industrial Trust (LXP) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is LXP Industrial Trust (LXP) earnings time?
LXP Industrial Trust (LXP) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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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 2026 (Q2) is 0.02.