LXP Industrial: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 06:22 AM ET
Last Updated - Jul 31, 2024, 06:22 AM EDT
WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — LXP Industrial Trust (LXP) on Wednesday reported a key measure of profitability in its second quarter. The results matched Wall Street expectations.
The real estate investment trust, based in West Palm Beach, Florida, said it had funds from operations of $46.9 million, or 16 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 16 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
