Every material Form 8-K Lexington Realty Trust filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
LXP Industrial Trust reported third-quarter 2024 net income attributable to common shareholders of $4.7 million, or $0.02 per diluted share, down from $11.0 million, or $0.04, a year earlier, while Adjusted Company FFO fell to $46.7 million from $51.9 million. Gross revenues rose slightly to $85.6 million, and the board raised the quarterly common dividend 3.8% to $0.135 per share. The company also narrowed its 2024 Adjusted Company FFO guidance to $0.63 to $0.64 per diluted share.
Q3 2024 net income attributable to common shareholders was $4.7 million, or $0.02 per diluted share, versus $11.0 million, or $0.04, in Q3 2023.
Adjusted Company FFO was $46.7 million, or $0.16 per diluted share, versus $51.9 million, or $0.18, a year earlier.
Total gross revenues were $85.6 million, compared with $85.4 million in the prior-year quarter.
Declared a quarterly common dividend of $0.135 per share, up 3.8%, payable January 15, 2025.
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.
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.
LXP Industrial Trust said CFO and Treasurer Beth Boulerice will step down from those roles effective March 1, 2025, and remain an Executive Vice President advising the CEO. Nathan Brunner, a former J.P. Morgan real estate investment banker, was named Executive Vice President of Capital Markets and will succeed her as CFO and Treasurer on March 1, 2025, giving shareholders a planned leadership transition with a stated timeline.
Beth Boulerice steps down as CFO and Treasurer effective March 1, 2025, and continues as an Executive Vice President.
Nathan Brunner, age 41, starts as Executive Vice President of Capital Markets on September 1, 2024, and becomes CFO and Treasurer on March 1, 2025.
Boulerice's amended and restated severance agreement expires March 1, 2027, and adjusts the severance calculation for terminations after June 30, 2025.
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.
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
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Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lexington Realty Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →