LXP Industrial Trust | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 86.9 M

LB filings
2025.10.30 17:27
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Revenue: As of FY2025 Q3, the actual value is USD 86.9 M, missing the estimate of USD 87.11 M.

EPS: As of FY2025 Q3, the actual value is USD 0.12, beating the estimate of USD -0.0103.

EBIT: As of FY2025 Q3, the actual value is USD 28.6 M.

Segment Revenue

  • Rental Revenue: $85.8 million for the three months ended September 30, 2025, compared to $84.5 million for the same period in 2024. For the nine months ended September 30, 2025, rental revenue was $260.4 million, compared to $254.5 million in 2024.

Operational Metrics

  • Net Income: $42.4 million for the three months ended September 30, 2025, compared to $5.6 million for the same period in 2024. For the nine months ended September 30, 2025, net income was $88.9 million, compared to $9.9 million in 2024.
  • Depreciation and Amortization: $49.1 million for the three months ended September 30, 2025, compared to $48.4 million in 2024. For the nine months ended September 30, 2025, it was $149.0 million, compared to $144.2 million in 2024.
  • General and Administrative Expenses: $9.3 million for the three months ended September 30, 2025, compared to $11.0 million in 2024. For the nine months ended September 30, 2025, it was $29.3 million, compared to $29.7 million in 2024.

Cash Flow

  • Net Cash Provided by Operating Activities: $146.8 million for the nine months ended September 30, 2025, compared to $142.0 million in 2024.
  • Net Cash Provided by Investing Activities: $201.3 million for the nine months ended September 30, 2025, compared to $64.4 million in 2024.
  • Net Cash Used in Financing Activities: - $220.2 million for the nine months ended September 30, 2025, compared to - $350.6 million in 2024.

Unique Metrics

  • Gain on Sale of Real Estate: $46.2 million for the three months ended September 30, 2025, compared to $11.1 million in 2024. For the nine months ended September 30, 2025, it was $102.1 million, compared to $19.4 million in 2024.

Future Outlook and Strategy

  • Core Business Focus: LXP Industrial Trust aims to grow its portfolio in the Sunbelt and lower Midwest markets by executing on its development pipeline, including build-to-suits, and opportunistically acquiring facilities through tax-deferred exchanges related to capital recycling. The company is focused on leasing vacant, operating, redevelopment, and development properties to drive revenue growth.
  • Non-Core Business: The company is involved in joint ventures and has interests in various industrial land parcels held for development, although the timing of required funding for potential development projects on these parcels is currently uncertain.
Source: LB filings The copyright of this article belongs to the original author/organization.
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