)
LXP Industrial Trust (LXP) investor relations material
LXP Industrial Trust Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Sold two vacant development projects totaling 2.1M sq ft for $175 million, a 20% premium to book value, boosting stabilized portfolio occupancy to 96.8% and reducing leverage to 5.2x net debt to adjusted EBITDA.
Net income attributable to common shareholders was $34.6 million for Q3 2025, up from $4.7 million year-over-year, with adjusted company FFO at $46.7 million for the quarter.
Board approved a 3.7% dividend increase and a 1-for-5 reverse stock split effective November 10, 2025.
Portfolio focus remains on Class A warehouse and distribution facilities in 12 Sun Belt and Midwest target markets, now representing 85% of gross assets.
Year-to-date sales volume reached $273 million, with gains of $91 million (54% over cost) and an average cash cap rate of 5.1% on stabilized assets.
Financial highlights
Adjusted company FFO for Q3 was $46.7 million ($0.16 per diluted share), with 2025 guidance raised to $0.63–$0.64 per share.
Net income for Q3 2025 was $34.6 million ($0.12 per diluted share), up from $4.7 million ($0.02 per share) year-over-year.
Same-store NOI growth was 4% year-to-date and 2% for Q3; full-year 2025 guidance narrowed to 3%–3.5%.
Sale proceeds of $151 million used to repay $140 million of 6.75% senior notes, saving $10 million in annual interest and $1.8 million in property costs.
Cash and cash equivalents at quarter end were $229.7 million.
Outlook and guidance
2025 adjusted company FFO guidance increased and narrowed to $0.63–$0.64 per share, reflecting accretive impact of asset sales and debt repayment.
Same-store NOI growth for 2025 guided to 3%–3.5%, with 2026 expected to benefit from new properties moving into the pool.
Projecting about 20% mark-to-market rent growth for 2026 lease expirations; 80% retention anticipated for 2026.
Dividend increased by 3.7% to $0.56 per share annualized, effective Q1 2026.
Growth expected through leasing, development pipeline execution, and opportunistic acquisitions, though higher financing costs are slowing new development starts.
Next LXP Industrial Trust earnings date
Next LXP Industrial Trust earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage