LXP Industrial Trust Provides Recent Business Activity Update and Increases 2026 Adjusted Company FFO Guidance
LXP Industrial Trust raised its 2026 Adjusted Company FFO guidance to $3.30-$3.40 per share, up from the prior range of $3.22-$3.37, citing strong leasing momentum and a new acquisition. The company executed 2.7 million square feet of leases in Q2, with second-generation leases achieving a 22% average cash base rental increase, bringing year-to-date leasing volume to 4.6 million square feet.
Key figures
- Guidance
- 2026 Adjusted Company FFO raised to $3.30-$3.40 from $3.22-$3.37; Net Income $2.38-$2.48
- Ga and a expenses usd
- 39-41 million
- Phoenix cash yield pct
- 15.7
- Phoenix gaap yield pct
- 14.4
- Leasing volume ytd sqft
- 4600000
- Same store noi growth pct
- 1.5%-2.5%
- Phoenix annual cash rent usd
- 16100000
- Second gen rent increase pct
- 22
- Phoenix acquisition price usd
- 103000000
- Phoenix total lease payments usd
- 82000000
- Non target disposition volume usd
- 200000000
AI analysis
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