New York-based LXP Industrial Trust (NYSE:LXP), a focused industrial REIT specializing in high-quality warehouse and distribution facilities, reported financial and operational results for the fourth quarter and full year ended December 31, 2025.
Fourth-quarter net income attributable to common shareholders was $27.1 million, or $0.46 per diluted share.
Adjusted Company Funds From Operations (FFO) totaled $47 million, or $0.79 per diluted share.
For the full year 2025, Adjusted Company FFO was $187.3 million, or $3.15 per diluted share.
The stabilized portfolio achieved 97.1% leased occupancy, and net debt to adjusted EBITDA improved to 4.9x.
The company also completed $389.1 million of property dispositions in 2025 and executed approximately 4.9 million square feet of leasing activity.
For 2026, LXP guided for net income in the range of $(0.01) to $0.14 per diluted share and Adjusted Company FFO of $3.22 to $3.37 per diluted share.