LXP Reports Q1 Revenue of $85.9M, Beating Expectations
Reports Q1 revenue $85.9M, consensus $84.93M. Increased Same-Store NOI 2.0% compared to the same period in 2025. T Wilson Eglin, Chairman and CEO of LXP, commented, "Our first quarter results reflect LXP's continued leasing momentum, with 3.2 million square feet leased year-to-date, underscoring the strength of both our target markets and demand for large-format logistics facilities. This activity included the successful outcome at our 1.1M square foot facility in Greenville/Spartanburg, in which we extended the lease for an additional four years, further enhancing the 8% initial cash stabilized development yield. With active discussions underway on over seven million square feet in our leasing pipeline, we are optimistic that we will continue to achieve attractive leasing outcomes going forward."
