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AI brief of an SEC Form 8-K · Lexington Realty Trust (LXP)

LXP Industrial Trust posts $1.9 million Q1 net loss; revenue rises to $86.3 million

Mixed Impact 3 of 5 earnings Written later

LXP Industrial Trust reported a first-quarter 2024 net loss attributable to common shareholders of $1.9 million, or $(0.01) per diluted share, compared with net income of $9.5 million a year earlier, while total gross revenues rose to $86.3 million from $85.1 million. Adjusted Company FFO fell to $48.8 million, or $0.16 per diluted share, from $50.3 million, or $0.17, and the company now expects 2024 net income of $0.08 to $0.12 per diluted share while affirming its Adjusted Company FFO range of $0.61 to $0.65.

Key points

  • Q1 2024 net loss attributable to common shareholders of $1.9 million, or $(0.01) per diluted share, versus net income of $9.5 million, or $0.03, in Q1 2023
  • Q1 2024 Adjusted Company FFO of $48.8 million, or $0.16 per diluted share, versus $50.3 million, or $0.17, in Q1 2023
  • 2024 guidance: net income attributable to common shareholders of $0.08 to $0.12 per diluted share; Adjusted Company FFO of $0.61 to $0.65 affirmed

The filing

CompanyLexington Realty Trust (LXP)
Form8-K, current report
Filed with the SECMay 2, 2024, 12:55 PM ET
Accession number0001444838-24-000072

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

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 May 02, 2024.

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.