LXP Industrial Trust to be acquired for $61.20 a share; Q2 net loss of $1.6 million
LXP Industrial Trust reported a second-quarter 2026 net loss attributable to common shareholders of $(1.6) million, or $(0.03) per diluted share, compared with net income of $27.5 million a year earlier. The same day, it disclosed a merger agreement under which Brookfield and CPP Investments would acquire all outstanding shares for $61.20 in cash, a transaction valued at about $5.2 billion including net debt and preferred equity, and the company has suspended its common dividend.
Key points
- Merger agreed July 19, 2026: all outstanding shares to be acquired for $61.20 per share in cash; expected to close by the end of Q4 2026, subject to shareholder approval and other closing conditions.
- Q2 2026 net loss attributable to common shareholders of $(1.6) million, or $(0.03) per diluted share, versus net income of $27.5 million, or $0.47 per diluted share, in Q2 2025.
- Adjusted Company FFO of $49.5 million, or $0.84 per diluted share, up 5.0% from $0.80 a year earlier; total gross revenues of $88.1 million versus $87.7 million.
- Regular common dividend suspended effective immediately under the merger agreement; the company will no longer provide earnings guidance and will not hold an earnings call.
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 July 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.