Every material Form 8-K Lexington Realty Trust filed with the SEC in 2025, 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 completed a one-for-five reverse split of its common shares, effective 5:00 p.m. ET on November 10, 2025, reducing outstanding common shares from approximately 295.8 million to approximately 59.2 million. The company said each shareholder's percentage ownership and voting power are unchanged, apart from minor effects of cash paid for fractional shares, and that the trading symbol LXP stays the same under a new CUSIP number.
Reverse split of 1-for-5 effective 5:00 p.m. ET on November 10, 2025; trading on a split-adjusted basis begins November 11, 2025 on the NYSE
Outstanding common shares reduced from approximately 295.8 million to approximately 59.2 million
Quarterly dividend of $0.14 per share for shareholders of record as of December 31, 2025 becomes $0.70 per share after the split
Conversion rate of 6.50% Series C Preferred Stock adjusted from approximately 2.4339 to approximately 0.48678 common shares per preferred share
LXP Industrial Trust reported third-quarter 2025 net income attributable to common shareholders of $34.6 million, or $0.12 per diluted share, up from $4.7 million, or $0.02, a year earlier, on total gross revenues of $86.9 million. Adjusted Company FFO was flat year over year at $46.7 million, or $0.16 per diluted share, and the company tightened its 2025 Adjusted Company FFO guidance to $0.63 to $0.64 per diluted share. The board also approved a one-for-five reverse split effective 5:00 p.m. ET on November 10, 2025, which the company says leaves each shareholder's ownership percentage and voting power unchanged, and cuts the share count from about 295.8 million to about 59.2 million.
Net income attributable to common shareholders was $34.6 million, or $0.12 per diluted share, for the quarter ended September 30, 2025, versus $4.7 million, or $0.02, a year earlier.
Total gross revenues were $86.9 million, compared with $85.6 million in the third quarter of 2024.
Adjusted Company FFO was $46.7 million, or $0.16 per diluted share, the same as a year earlier.
Full-year 2025 Adjusted Company FFO guidance was tightened to $0.63 to $0.64 per diluted share, on a pre-split basis; the reverse split takes effect November 10, 2025, with trading on a split-adjusted basis from November 11.
LXP Industrial Trust reported second quarter 2025 results on July 30, 2025. Net income attributable to common shareholders was $27.5 million, or $0.09 per diluted share, up from $3.8 million, or $0.01, a year earlier, while total gross revenues rose to $87.7 million from $85.8 million. The Trust also narrowed its 2025 Adjusted Company FFO guidance to $0.62 to $0.64 per diluted share.
Q2 2025 net income attributable to common shareholders: $27.5 million, or $0.09 per diluted share, versus $3.8 million, or $0.01, in Q2 2024
Q2 2025 Adjusted Company FFO: $47.3 million, or $0.16 per diluted share, versus $46.9 million, or $0.16, in Q2 2024
2025 guidance: Adjusted Company FFO of $0.62 to $0.64 per diluted share (tightened); net income of $0.13 to $0.15 per diluted share
Repurchased $28.1 million of Trust Preferred Securities at a 5.0% discount to par; net debt to Adjusted EBITDA was 5.8x
LXP Industrial Trust reported first-quarter 2025 results on May 1, 2025, with total gross revenues of $88.9 million, up from $86.3 million a year earlier. Net income attributable to common shareholders was $17.3 million, or $0.06 per diluted share, compared with a net loss of $1.9 million, or $0.01 per share, in the prior-year quarter; the filing attributes part of the result to a $24.6 million gain on sale of real estate. The Trust also gave updated 2025 guidance, and shareholders may weigh the reaffirmed Adjusted Company FFO range against the lower Adjusted Company FFO dollar total.
Total gross revenues were $88.9 million, compared with $86.3 million for the first quarter of 2024.
Adjusted Company FFO was $46.4 million, or $0.16 per diluted share, versus $48.8 million, or $0.16 per diluted share, a year earlier.
The Trust estimates 2025 net income attributable to common shareholders of $0.12 to $0.16 per diluted share and reaffirmed Adjusted Company FFO guidance of $0.61 to $0.65 per diluted share.
Subsequent to quarter end, the Trust sold a property in Chillicothe, OH, for a gross price of $39.6 million.
Effective March 1, 2025, LXP Industrial Trust appointed Nathan Brunner as Executive Vice President, Chief Financial Officer and Treasurer, replacing Beth Boulerice, who remains with the Trust in an advisory role. Brunner joined the Trust in September 2024 as Executive Vice President of Capital Markets and previously spent about 14 years as an investment banker at J.P. Morgan.
Brunner's current annual base salary is $500,000, under a letter agreement dated May 24, 2024.
He received a $250,000 cash bonus and a 150,000 nonvested common share award when he joined in September 2024.
His 2025 annual cash incentive is $504,804, of which $402,954 was paid in January 2025 and $101,850 is expected in March 2025.
LXP Industrial Trust reported fourth quarter 2024 results on February 13, 2025. Total gross revenues rose to $100.9 million from $83.0 million, and net income attributable to common shareholders rose to $31.4 million, or $0.11 per diluted share, from $13.0 million, or $0.04. Adjusted Company FFO fell to $47.0 million, or $0.16 per diluted share, from $51.4 million, or $0.17, and the trust estimated 2025 Adjusted Company FFO of $0.61 to $0.65 per diluted share.
Q4 2024 net income attributable to common shareholders was $31.4 million, or $0.11 per diluted share, versus $13.0 million, or $0.04, in Q4 2023.
Q4 2024 Adjusted Company FFO was $47.0 million, or $0.16 per diluted share, versus $51.4 million, or $0.17, in Q4 2023.
Total gross revenues were $100.9 million, versus $83.0 million a year earlier, including $15.0 million of additional rental revenue from a tenant purchase option.
2025 guidance: net income attributable to common shareholders of $0.01 to $0.05 per diluted share and Adjusted Company FFO of $0.61 to $0.65 per diluted share.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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 →