$LXP

BMO Capital Initiates Coverage on LXP Industrial Trust With Outperform Rating, $65 Price Target

LXP Industrial Trust Revises 2026 Adjusted FFO Guidance

LXP Industrial Trust (LXP) said late Monday it now expects 2026 adjusted funds from operations per diluted share of $3.30 to $3.40 from $3.22 to $3.37 earlier.Analysts polled by FactSet expected $3.28.In May, the company acquired a 37-acre infill industrial redevelopment site in the South Airport submarket of Phoenix for $103 million, according to a statement.The site produces annual rent of $16.1 million, with 2% annual rent hikes, the company said.