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LXP Industrial Trust (LXP)
NYSE:LXP
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
<0.01Last Year’s EPS
0.3Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasizes meaningful progress on strategic priorities—material deleveraging, occupancy gains, strong leasing volume with significant mark-to-market upside, disciplined dispositions, and an active development pipeline (notably the Phoenix project). Operational headwinds are relatively modest: same-store NOI was slightly below prior guidance due to a small expense leakage and lower same-store occupancy, some execution friction on converting RFP activity into signed deals, a couple of known move-outs (one of which is assumed vacant in 2026), and a conservative credit loss/time-lag impact from holding cash and redeploying proceeds into development. Taken together, the positives (balance sheet improvement, leasing/occupancy momentum, FFO growth guidance, development economics and disposition execution) materially outweigh the limited near-term drags and execution challenges.Company Guidance
Balance Sheet Strength and Deleveraging
Net debt to adjusted EBITDA reduced from 5.9x to 4.9x; repaid approximately $220,000,000 of debt in 2025 (including $140,000,000 of 6.75% senior notes); recast $600,000,000 revolver and $250,000,000 term loan extending maturities to Jan 2030 and Jan 2029 and reducing interest costs; S&P revised outlook to positive; cash on hand approximately $170,000,000.
Occupancy Gains
Portfolio occupancy increased by 350 basis points year-over-year to 97.1% (from 93.6% at year-end 2024), driven largely by successful outcomes at three big-box development properties.
Strong Leasing Activity and Mark-to-Market Results
Leased nearly 5,000,000 square feet in 2025 with attractive mark-to-market outcomes of ~28% on a cash basis (excluding fixed rate renewals); in Q4 leased over 2,000,000 square feet with base and cash-based rental increases of ~27% and ~23% respectively (excluding fixed rate renewals).
FFO Performance and 2026 Guidance
Adjusted company FFO of $0.79 per diluted share in Q4 (~$47,000,000) and $3.15 per diluted share for full-year 2025 (~$187,000,000); 2026 adjusted company FFO guidance range of $3.22 to $3.37 per share (midpoint ~4.6% growth over 2025).
Disciplined Dispositions and Capital Redeployment
Total disposition volume for 2025 of $389,000,000 (including $116,000,000 in Q4) at an average cash capitalization rate of 5.7% on stabilized assets; sale of Indianapolis and Ocala development properties implied ~5% cap and realized ~20% premium to cost basis; proceeds primarily used to reduce high-coupon debt; repurchased ~277,000 shares at an average $49.47.
Successful Development Program and Phoenix Project
Since 2019 developed 15 facilities at a 7.1% weighted average stabilized yield on first-generation leases and generated $91,000,000 in proceeds above cost; development program 98% leased or sold at year-end. Announcing Phoenix spec project: initial build (approximate $120,000,000 budget), expected completion in 2027, projected stabilized cash yield 7.0%–7.5%, benefiting from lower construction costs (~$20/sq ft below prior market peak for 1,000,000 sq ft spec).
Redevelopment Pipeline
600,000 square feet of redevelopment in Orlando and Richmond progressing; Richmond expected Q2 2026 and Orlando Q3 2026, with projected yields on cost in the low teens.
Compelling Mark-to-Market Upside
Management reports in-place rents for leases expiring through 2030 and second-generation vacancy roughly 16% below market (brokers' estimate), indicating substantial mark-to-market potential as leases rollover.
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 |
|---|---|---|---|
Feb 12, 2026 | $51.56 | $48.25 | -6.42% |
Oct 30, 2025 | $47.60 | $48.70 | +2.31% |
Jul 30, 2025 | $39.75 | $38.81 | -2.35% |
May 01, 2025 | $38.24 | $38.77 | +1.39% |
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 Apr 30, 2026, Before Open (Confirmed).
What is LXP Industrial Trust (LXP) earnings time?
LXP Industrial Trust (LXP) earnings time is at Apr 30, 2026, Before Open (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 2026 (Q1) is <0.01.