LXP Industrial Trust (LXP) reported that its first quarter FFO to all equityholders and unitholders declined to $48.8 million from $50.2 million, prior year. Adjusted FFO was $48.8 million, or $0.16 per share, compared to $50.3 million, or $0.17 per share, previous year. Net loss attributable to common shareholders was $1.9 million, or $0.01 per share, compared with net income of $9.5 million, or $0.03 per share, last year.
On average, three analysts polled by Thomson Reuters expected the company to report a loss per share of $0.01, for the quarter. Analysts' estimates typically exclude special items.
Total gross revenues were $86.3 million, compared with $85.1 million, a year ago. Analysts on average had estimated $81.72 million in revenue.
LXP now estimates that net income attributable to common shareholders for the year ended December 31, 2024 will be within an expected range of $0.08 to $0.12 per share. LXP affirmed its expectation that adjusted FFO for the year ended December 31, 2024, will be within a range of $0.61 and $0.65 per share.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.