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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
LXP Industrial Trust
LXP Industrial Trust (LXP) investor relations material
LXP Industrial Trust Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary27 Oct, 2026
Executive summary
Q3 net income attributable to common shareholders was $90.3M vs. $34.6M YoY, primarily reflecting higher real estate sale gains; revenue was $90.8M vs. $86.9M.
Portfolio comprised 107 properties across 13 states, with 51.8M square feet and 97.0% leased at September 30, 2026.
Merger with affiliates of Brookfield Asset Management was approved by shareholders October 26; closing was expected on or about November 2, subject to closing conditions.
Financial highlights
Q3 rental revenue was $89.8M vs. $85.8M YoY; 9M rental revenue was $261.9M vs. $260.4M.
Q3 net income was $92.1M vs. $42.4M; 9M net income was $91.8M vs. $88.9M.
Q3 basic and diluted EPS were $1.55 and $1.54 vs. $0.59 for both measures; 9M basic and diluted EPS were $1.49 vs. $1.36.
Q3 gain on sale or disposal of and recovery on real estate, net, was $94.5M vs. $46.2M; merger transaction costs were $5.6M.
Adjusted Company FFO diluted was $52.9M, or $0.89/share, vs. $46.7M, or $0.78/share; 9M was $149.7M, or $2.52/share, vs. $140.4M, or $2.36/share.
Outlook and guidance
Expected to close the merger on or about November 2, 2026, pending customary closing conditions; common-share dividends are suspended under the merger agreement.
Expected development and redevelopment spending on consolidated and unconsolidated land parcels is $124.8M, excluding noncontrolling interests, potential incentives or buyouts, and infrastructure work.
Cash from operations, cash on hand, the revolving facility, asset sales, equity and debt were identified as potential sources to fund business needs.
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Latest events from LXP Industrial Trust
- Rising cash proposals and proxy litigation frame the pending merger vote.LXP
Proxy filing - Shareholders will vote on a $61.20-per-share cash merger, with board unanimous support and no superior bids.LXPProxy filing
- Shareholders are to vote on a cash merger at $61.20 per share, with board unanimous support.LXPProxy filing
- Announced $5.2B merger at $61.20/share, Q2 net loss, strong FFO and leasing metrics.LXPQ2 2026
- LXP shareholders to receive $61.20 per share in a $5.2B all-cash acquisition by Brookfield and CPP Investments.LXPProxy filing
- Modern logistics assets in key Sun Belt markets drive growth, with strong leasing and rent upside.LXPNareit REITweek: 2025 Investor Conference
- Strong leasing, targeted development, and capital recycling drive growth amid robust demand.LXPNareit REITweek: 2026 Investor Conference
- FFO per share rose 2.6% to $0.80 with strong leasing and 96.6% occupancy.LXPQ1 2026
- Q1 NOI up 5.2%, net income $17.3M, strong leasing, and $74.6M asset sales; 2025 guidance steady.LXPQ1 2025
Next LXP Industrial Trust earnings date
Q4 202612 Feb, 2027
LXP Industrial Trust
Next LXP Industrial Trust earnings date
Q4 202612 Feb, 2027
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Frequently asked questions
LXP Industrial Trust is a real estate investment trust (REIT) focused on the ownership, management, and development of industrial properties. The company’s portfolio primarily consists of logistics and distribution facilities leased to tenants across various industries. LXP Industrial Trust emphasizes properties in key logistics markets to support supply chain operations and e-commerce growth. The company is headquartered in New York, New York, and its shares are listed on the NYSE.