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Dec 31, 2025
Lexington Realty Q4 2025 Earnings Report
LXP Industrial Trust reported lower fourth quarter 2025 revenues and net income year over year, while maintaining strong leasing activity and reducing leverage.
Key Takeaways
For Q4 2025, LXP generated total gross revenues of 86744000 and net income attributable to common shareholders of 27124000, or 0.46 per diluted share. The company ended the quarter 97.1% leased, reduced net debt to Adjusted EBITDA to 4.9x and maintained total consolidated debt of 1400000000.
Total gross revenues were 86744000 compared to 100851000 in the prior year quarter.
Net income attributable to common shareholders was 27124000, or 0.46 per diluted share.
Portfolio was 97.1% leased as of December 31, 2025.
Net debt to Adjusted EBITDA improved to 4.9x with total consolidated debt of 1400000000.
Forward Guidance
For full year 2026, LXP expects net income attributable to common shareholders per diluted share between -0.01 and 0.14 and Adjusted Company FFO per diluted share between 3.22 and 3.37.
Positive Outlook
- Adjusted Company FFO guidance range of 3.22 to 3.37 per diluted share for 2026.
- Focus on disciplined capital deployment and land bank development.
- High leased rate of 97.1% entering 2026.
- Reduced leverage with net debt to Adjusted EBITDA at 4.9x.
- Extended and repriced credit facilities with lower spreads.
Challenges Ahead
- Expected 2026 net income per diluted share range includes potential loss of -0.01.
- Exposure to interest rate and capital markets conditions.
- Potential tenant non-renewals or defaults.
- Execution risks on development and redevelopment projects.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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