--- title: "LXP Industrial Trust | 8-K: FY2026 Q2 Revenue: USD 88.11 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294228050.md" datetime: "2026-07-29T15:14:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294228050.md) - [en](https://longbridge.com/en/news/294228050.md) - [zh-HK](https://longbridge.com/zh-HK/news/294228050.md) --- # LXP Industrial Trust | 8-K: FY2026 Q2 Revenue: USD 88.11 M Revenue: As of FY2026 Q2, the actual value is USD 88.11 M. EPS: As of FY2026 Q2, the actual value is USD -0.03, missing the estimate of USD 0.0242. EBIT: As of FY2026 Q2, the actual value is USD 14.56 M. ### Financial Results (Three Months Ended June 30, 2026 vs. 2025) #### Revenue - Total gross revenues for LXP Industrial Trust were $88.1 million for the quarter ended June 30, 2026, compared to $87.7 million for the same period in 2025, an increase primarily due to acquisitions and increased rental revenue. #### Net Income / Loss - Net loss attributable to common shareholders was - $1.6 million for the quarter ended June 30, 2026, compared to net income of $27.5 million for the same period in 2025. #### Adjusted Company Funds From Operations (FFO) - Adjusted Company FFO available to all equityholders - diluted was $49.5 million, or $0.84 per diluted common share, for the quarter ended June 30, 2026. - This compares to $47.3 million, or $0.80 per diluted common share, for the same period in 2025, representing a 5.0% increase. #### Company Funds Available for Distribution (FAD) - Company Funds Available for Distribution were $36,085 thousand for the quarter ended June 30, 2026, down from $42,309 thousand in the prior year period. #### Operating Costs (in thousands) - Depreciation and amortization expense was - $48,056 for the quarter ended June 30, 2026, compared to - $49,362 in the prior year. - Property operating expenses were - $16,174 for the quarter ended June 30, 2026, compared to - $15,875 in the prior year. - General and administrative expenses were - $9,714 for the quarter ended June 30, 2026, compared to - $9,630 in the prior year. - Interest and amortization expense was - $13,250 for the quarter ended June 30, 2026, compared to - $16,467 in the prior year. - Transaction costs were - $0 for the quarter ended June 30, 2026, compared to - $38 in the prior year. ### Operational Metrics (Three Months Ended June 30, 2026) #### Same-Store Net Operating Income (NOI) - Same-Store NOI increased by 0.5% compared to the same period in 2025. #### Leasing Activity - LXP Industrial Trust pre-leased a 1.2 million square foot development project with an initial annual cash base rent of approximately $9.8 million. - The company completed 2.3 million square feet of new and extended second-generation leases. - Base Rents and Cash Base Rents on these second-generation leases increased by 43.1% and 26.2%, respectively, excluding two fixed-rate renewals. - As of June 30, 2026, LXP Industrial Trust’s stabilized portfolio was 97.4% leased. #### Acquisitions and Development - LXP Industrial Trust acquired a 37-acre infill covered land investment in Phoenix, Arizona, for $103.2 million, with an initial cash yield of 15.7%. - Two speculative development projects commenced in the Columbus, Ohio market, consisting of a 750,000 square foot facility and a 161,000 square foot facility. #### Subsequent Highlights (Post-Quarter End) - LXP Industrial Trust sold one warehouse facility outside of its target markets for $51 million. - An additional 0.2 million square feet of new leases and lease extensions were completed, increasing Cash Base Rents by 31.0%. ### Balance Sheet (as of June 30, 2026) #### Debt Metrics - Net debt to Annualized Adjusted EBITDA was 5.5x. - Total consolidated debt was $1.4 billion. - The weighted-average term to maturity of total consolidated debt was 4.5 years, with a weighted-average interest rate of 3.6%. #### Cash and Cash Equivalents - Total cash and cash equivalents were $18.0 million at quarter end. ### Financial Highlights (Six Months Ended June 30, 2026 vs. 2025) #### Net Income (Loss) Attributable to Common Shareholders - For the six months ended June 30, 2026, LXP Industrial Trust reported a net loss of - $3,572 thousand, compared to a net income of $44,729 thousand for the same period in 2025. #### Adjusted Company FFO - Adjusted Company FFO available to all equityholders - diluted was $96,809 thousand for the six months ended June 30, 2026, compared to $93,686 thousand in the same period in 2025. #### Company Funds Available for Distribution (FAD) - For the six months ended June 30, 2026, Company FAD was $85,882 thousand, compared to $90,433 thousand in the prior year period. #### Net Operating Income (NOI) - NOI was $137,016 thousand for the six months ended June 30, 2026, compared to $137,511 thousand in the prior year period. - The change in Same-Store NOI was 1.2% for the six months ended June 30, 2026, compared to the same period in 2025. #### Gross Revenues - For the six months ended June 30, 2026, total gross revenues were $174,058 thousand, down from $176,582 thousand in the prior year period. #### Operating Costs (Expenses Applicable to Revenues) - For the six months ended June 30, 2026, depreciation and amortization was $95,041 thousand (2025: $99,874 thousand), property operating was $32,909 thousand (2025: $33,004 thousand), and general and administrative was $19,968 thousand (2025: $20,020 thousand). ### Credit Metrics (as of June 30, 2026) - Adjusted Company FFO Payout Ratio was 85.4%. - (Net Debt + Preferred) / Annualized Adjusted EBITDA was 5.8x. - Debt / Gross Assets was 28.8%. - Unencumbered Assets totaled $4.4 billion. - Credit Facility Availability was $585.0 million. ### Outlook / Guidance - Due to a proposed merger, LXP Industrial Trust will not host a conference call or webcast for its second-quarter 2026 results. - 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