LXP Earnings Prediction
The chart below shows how LXP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LXP sees a -0.63% change in stock price 10 days leading up to the earnings, and a -0.94% change 10 days following the report. On the earnings day itself, the stock moves by +0.61%. This data can give you a slight idea of what to expect for the next quarter's release.
LXP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
85.57M
0.17%
-0.25%
Gross Margin
83.48%
-0.43%
0.60%
Operating Margin
13.02%
-32.78%
-12.03%
Net Margin
6.56%
-56.56%
17.14%
EPS
0.02
-50.00%
100.00%
No Data Available
LXP Earnings Analysis
LXP Industrial Trust Corporation (LXP.N) Earnings Conference Call
Positive
Leasing Success and NOI Growth: Strong leasing outcomes with same-store NOI growth of 5.4%.
Leasing Volume and Rental Increases: Second-generation leasing volume in the quarter of approximately 490,000 square feet resulted in attractive Base and Cash Base rental increases of approximately 38% and 22%, respectively.
Leasing Progress Update: Progress made on leasing our development portfolio with the lease-up of our 250,000 square foot development project in Columbus, Ohio.
Asset Sales Overview: During the quarter, we sold an asset in the Cleveland market for $29 million and subsequent to quarter end, we sold 3 industrial facilities in Chicago which produced gross sales proceeds of $137 million.
Dividend Increase Announcement: We announced this morning that our Board of Trustees authorized an annualized dividend increase of $0.02 per common share, representing an increase of 3.8% over the prior dividend.
Negative
Quarterly Revenue and Expenses: Total gross revenues in the third quarter were approximately $86 million, with property operating expenses of about $15 million, of which 1% was attributable to tenant reimbursement.
Adjusted FFO Results: Third quarter adjusted company FFO was $0.16 per diluted common share or approximately $47 million.
Adjusted FFO Guidance Update: We announced this morning, we are tightening our 2024 adjusted company FFO to a new range of $0.63 to $0.64 per diluted common share.
Depreciation and Amortization Amount: D&A was approximately $11 million in the third quarter.
Estimated Charges Recognition: We estimate these charges to be approximately $1.8 million, of which we recognized roughly $1.5 million in the third quarter.
LXP FAQs
How does LXP typically perform around its earnings report dates?
Is LXP Industrial Trust (LXP) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
LXP Earning Call Sentiment
LXP Industrial Trust (LXP) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
LXP.N
0.47%Positive
The earnings call summary indicates a positive sentiment with strong financial performance, strategic asset sales and acquisitions, and a dividend increase. The Q&A section reveals cautious optimism, particularly in leasing activities, and management's strategic focus on the Sun Belt. Despite some uncertainties, such as move-outs and noncore asset monetization, the overall outlook is optimistic. The market cap suggests a moderate stock price reaction, likely in the range of 2% to 8%.