LXP Industrial Trust Reports Q2 FFO and Revenue Beats
LXP Industrial Trust (NYSE: LXP) reported second-quarter funds from operations (FFO) of $0.84 per share, exceeding estimates by $0.01. The company also generated revenue of $88.1 million for the quarter, which beat expectations by $2.13 million and marked a 0.4% year-over-year increase. Despite these positive results, LXP recorded a net loss attributable to common shareholders of $1.6 million, or $(0.03) per diluted share. The company noted an increase in same-store net operating income (NOI), indicating improved performance from its core properties during the period.
Tickers: $LXP
Topics: net_loss real_estate revenue_growth