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

LXP Industrial Trust Q2 revenue falls to $85.8 million, FFO to $46.9 million

Mixed Impact 3 of 5 earnings Written later

LXP Industrial Trust reported second quarter 2024 results. Total gross revenues fell to $85.8 million from $87.1 million a year earlier, mainly due to property sales, while net income attributable to common shareholders was $3.8 million, or $0.01 per diluted share, compared with a loss a year earlier. Adjusted Company FFO declined to $46.9 million, or $0.16 per diluted share, from $52.7 million, or $0.18, and the company narrowed its 2024 Adjusted Company FFO guidance to $0.62 to $0.65 per diluted share.

Key points

  • Total gross revenues were $85.8 million, versus $87.1 million for the quarter ended June 30, 2023, which the company attributed mainly to property sales and lower other revenue.
  • Net income attributable to common shareholders was $3.8 million, or $0.01 per diluted share, versus a loss of $(9.7) million, or $(0.03) per diluted share, a year earlier.
  • Adjusted Company FFO was $46.9 million, or $0.16 per diluted share, versus $52.7 million, or $0.18 per diluted share, a year earlier.
  • For 2024, the company estimates net income attributable to common shareholders of $0.10 to $0.13 per diluted share and tightened its Adjusted Company FFO range to $0.62 to $0.65 per diluted share.

The filing

CompanyLexington Realty Trust (LXP)
Form8-K, current report
Filed with the SECJul 31, 2024, 2:08 PM ET
Accession number0001444838-24-000094

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 July 31, 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.