LXP Reports Q4 Revenue of $86.7M, Slightly Below Consensus
Reports Q4 revenue $86.7M, consensus $86.74M. T. Wilson Eglin, Chairman and CEO of LXP, commented, "Our Q4 capped a successful 2025, highlighted by new leases and lease extensions, healthy occupancy gains and continued portfolio optimization. We made significant progress advancing our key objectives during the year, most notably reducing net debt to Adjusted EBITDA to 4.9x from 5.9x and increasing occupancy from 93.6% to 97.1%. In Q4, we leased over two million square feet at Base and Cash Base rental increases of approximately 27% and 23%, respectively, excluding fixed rate renewals, bringing full-year leasing volume to nearly five million square feet. Property sales of $389M in 2025, including $116M in Q4, allowed us to pay down high coupon debt, exit five non-target markets and repurchase shares. In 2026, we are focused on strategic capital deployment through disciplined external growth opportunities primarily in our land bank, executing opportunistic share repurchases, driving attractive mark-to-market outcomes and leasing our remaining vacancies." This note replaces a prior version with consensus figures from Bloomberg.
