LXP Industrial Trust (LXP) Form 10-Q — Oct 27, 2026
LXP Industrial Trust's Q3 2026 10-Q confirms shareholders approved the merger with Leopard REIT LLC (Brookfield affiliates) on October 26, 2026, with each common share to receive $61.20 in cash and closing expected on or about November 2, 2026. Q3 net income attributable to common shareholders was $90.3 million ($1.55 per diluted share vs $0.59 a year ago), driven largely by a $94.5 million gain on the sale of three properties; same-store NOI rose 2.6% and the portfolio was 97.0% leased.
Key figures
- Eps
- 1.55
- Revenue
- 90784000
- Net Income
- 92052000
- Total Debt
- 1347430000
- Revenue Yoy
- Q3 total gross revenues $90.8M vs $86.9M prior year (+4.5%)
- Total Assets
- 3503869000
- Cash Position
- 110310000
- Shares Outstanding
- 58961329
- Properties
- approximately 107 consolidated properties, 51.8M sq ft, 13 states
- Ffo basic q3
- 0.78
- Dividend status
- common and preferred dividends suspended pending Merger
- Q3 gain on sale
- 94486000
- Termination fee
- up to approximately $108.2 million
- Revolver available
- 600000000
- Portfolio occupancy
- 97.0% leased
- Merger price per share
- $61.20 cash
- Adjusted ffo diluted q3
- 0.89
- Same store noi growth q3
- 2.6%
- Series c liquidation preference
- $50.00 per unit plus arrears
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.