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 -0.69% change in stock price 10 days leading up to the earnings, and a -0.36% change 10 days following the report. On the earnings day itself, the stock moves by +1.01%. 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
100.85M
21.57%
17.86%
Gross Margin
86.14%
0.47%
3.19%
Operating Margin
26.97%
53.76%
107.14%
Net Margin
32.70%
39.21%
398.48%
EPS
0.11
175.00%
450.00%
No Data Available
LXP Earnings Analysis
LXP Industrial Trust Corporation (LXP.N) Earnings Conference Call
Positive
Leasing Volume Surge: Leasing volume in the fourth quarter reached nearly 1,000,000 square feet, resulting in base and cash rental increases of approximately 6643%, excluding a fixed rate renewal.
Same Store NOI Growth: Same store NOI growth for the year was strong at 5%, demonstrating the effectiveness of the leasing team and the quality of the asset portfolio.
Adjusted FFO Performance: Adjusted company FFO for the fourth quarter was $0.16 per diluted common share, contributing to a full year adjusted company FFO of $0.64 per diluted common share.
Lease Rate and Rental Escalation: The company achieved a 99.5% lease rate in its same store portfolio at quarter end, with an average annual rental escalation of 2.8%.
Ground Lease Sale Profit: The sale of a 100-acre ground lease in Phoenix generated approximately $83,000,000 in proceeds, representing a profit of about $60,000,000 over the initial investment in just under three years.
Negative
Leasing Activity Challenges: Leasing activity for big box developments was slow, with a significant lease not being secured for a 1,100,000 square foot facility in Ocala, Florida, indicating challenges in tenant acquisition.
FFO Guidance Decline: Adjusted company FFO guidance for 2025 is projected to decline to a range of $0.61 to $0.65 per diluted common share, reflecting the potential impact of unleased big box properties and increased interest expenses.
Rising Interest Expense Impact: Interest expense on term loans is expected to rise sharply from approximately 2.7% to 4.3%, contributing to a decrease in overall profitability and cash flow.
Tenant Retention Concerns: The company anticipates lower tenant retention rates in 2025, with known move-outs including a 240,000 square foot facility in Houston, which could negatively impact revenue stability.
Same Store NOI Growth: Same store NOI growth for 2025 is estimated to be only 3% to 4%, down from previous levels, indicating potential challenges in maintaining revenue growth amidst market uncertainties.
LXP FAQs
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LXP Earning Call Sentiment
Earnings call transcript: LXP Industrial Trust Q4 2024 beats forecasts
LXP.N
-0.44%Positive
The earnings call revealed mixed signals: financial performance showed growth with increased revenues and NOI, but guidance was cautious due to economic uncertainties and interest rate risks. The Q&A highlighted competitive pressures and potential vacancy risks. The dividend increase and strong leasing activity are positives, yet the absence of a share repurchase program and vague management responses on tenant retention create uncertainties. Given the market cap of $2.66 billion, these factors suggest a neutral stock price movement, with limited immediate catalysts for a significant positive or negative shift.
