LXP Industrial Trust reported second-quarter 2026 results with revenue essentially flat year-over-year at $88.11M while net income attributable to common shareholders swung to a loss of $(1.63)M and diluted EPS was $(0.03), down from $0.47 in the year-ago quarter.
Financial Highlights
- Revenue was $88.11M in Q2 2026, compared with $87.72M in Q2 2025; YoY change 0.4%.
- Net income attributable to common shareholders was $(1.63)M in Q2 2026, versus $27.45M in Q2 2025; a sharp decline YoY.
- Diluted EPS was $(0.03) in Q2 2026, compared with $0.47 in Q2 2025.
Business Highlights
- Portfolio was approximately 97.4% leased across 109 consolidated properties totaling about 53.3M sq ft, with continued focus on Sunbelt and lower Midwest markets.
- Leasing momentum included pre-leasing 1.2M sq ft of Phoenix development and completion of 2.3M sq ft of new or extended second‑generation leases, supporting cash rent growth.
- Development pipeline included $102.4M in consolidated projects underway; commenced two joint-venture developments in Columbus (750K and 161K sq ft) and continued to pursue land acquisitions.
- Operating cash flow strengthened, rising to $86.2M year-to-date, helped by the net-lease structure and rental revenue from acquisitions and leasing activity.
Original SEC Filing:
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