LXP Industrial Trust Q1 net loss of $1.9 million; Adjusted FFO up 2.6% to $0.80 a share
LXP Industrial Trust reported first quarter 2026 results on April 29, 2026. Total gross revenues fell to $85.9 million from $88.9 million, mainly due to property dispositions, and the Trust recorded a net loss attributable to common shareholders of $1.9 million, compared with net income of $17.3 million a year earlier. Adjusted Company FFO rose to $0.80 per diluted share from $0.78, and management reaffirmed its 2026 Adjusted Company FFO guidance of $3.22 to $3.37 per diluted share.
Key points
- Gross revenues were $85.9 million, down from $88.9 million in the first quarter of 2025.
- Net loss attributable to common shareholders was $(0.03) per diluted share, versus $0.30 per diluted share a year earlier.
- Adjusted Company FFO was $0.80 per diluted share, up 2.6% from $0.78; 2026 guidance of $3.22 to $3.37 was reaffirmed.
- Repurchased and retired about 325,000 common shares at an average price of $48.70 during the quarter.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing 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 April 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.