LXP Industrial Trust Reports First Quarter 2026 Results
LXP Industrial Trust reported Q1 2026 Adjusted Company FFO of $0.80 per share, a 2.6% increase from the prior year, driven by a 2.0% rise in Same-Store NOI and robust leasing activity. The company executed 1.8 million square feet of new and extended leases during the quarter, achieving cash base rent increases of 11.9%, and subsequently added another 1.4 million square feet with 23.4% rent spreads.
Key figures
- Revenue
- $85.9 million
- Guidance
- FY26 Adjusted Company FFO $3.22-$3.37 per diluted common share (reaffirmed)
- Shares repurchased
- 325000
- Adjusted company ffo
- 0.8
- Same store noi growth
- 2.0%
- Average repurchase price
- 48.7
AI analysis
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