LXP Industrial Trust

Q2 FY2026 EarningsQ2 FY26 results beat consensus on revenue ($88.1M vs. $86.0M expected) and GAAP EPS (-$0.03 vs. -$0.06 consensus based on net loss), though operational cash flow of $86.2M for the first half was significantly driven by working capital shifts. The quarter was defined by the July 19th merger announcement with Leopard REIT LLC at $61.20 per share in cash. Industrial leasing remained strong with 43.1% rental spreads on new leases, while a major Phoenix acquisition with a 15.7% initial yield highlighted continued deployment into Sunbelt infill sites.