LXP Industrial turns to Q2 FY26 loss of USD 1.6 million; adjusted FFO per share rises 5% to USD 0.84

LXP Industrial entered a merger deal for $61.20 per share in cash, valuing the all-cash transaction at about $5.2 billion.

Closing is targeted by Q4 2026-end.

LXP Industrial Trust posted a GAAP net loss attributable to common shareholders of $1.6 million, or $0.03 per diluted share, in Q2 2026.

Revenue edged up 0.45% to $88.1 million versus Q2 2025, driven by acquisitions and higher rental revenue.

Non-GAAP adjusted company FFO rose 5% to $49.5 million, or $0.84 per diluted share, compared with Q2 2025.

Same-store NOI increased 0.5%, while the stabilized portfolio was 97.4% leased at June 30, 2026.