LXP Industrial Trust Q3 net income rises to $34.6 million; 1-for-5 reverse split set
LXP Industrial Trust reported third-quarter 2025 net income attributable to common shareholders of $34.6 million, or $0.12 per diluted share, up from $4.7 million, or $0.02, a year earlier, on total gross revenues of $86.9 million. Adjusted Company FFO was flat year over year at $46.7 million, or $0.16 per diluted share, and the company tightened its 2025 Adjusted Company FFO guidance to $0.63 to $0.64 per diluted share. The board also approved a one-for-five reverse split effective 5:00 p.m. ET on November 10, 2025, which the company says leaves each shareholder's ownership percentage and voting power unchanged, and cuts the share count from about 295.8 million to about 59.2 million.
Key points
- Net income attributable to common shareholders was $34.6 million, or $0.12 per diluted share, for the quarter ended September 30, 2025, versus $4.7 million, or $0.02, a year earlier.
- Total gross revenues were $86.9 million, compared with $85.6 million in the third quarter of 2024.
- Adjusted Company FFO was $46.7 million, or $0.16 per diluted share, the same as a year earlier.
- Full-year 2025 Adjusted Company FFO guidance was tightened to $0.63 to $0.64 per diluted share, on a pre-split basis; the reverse split takes effect November 10, 2025, with trading on a split-adjusted basis from November 11.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.