LXP Industrial Trust (LXP)

LXP Industrial Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	335.71	334.22	313.99	339.94	325.81	320.62
Other Revenue	4.7	6.28	7.25	4.05	4.64	5.35
Total Revenue	340.42	340.5	321.25	344	330.45	325.97
Revenue Growth (YoY	2.13%	5.99%	-6.61%	4.10%	1.37%	-17.89%
Property Expenses	58.57	58.4	59.05	47.75	41.91	42.02
Selling, General & Administrative	36.83	36.33	38.71	35.46	30.37	30.79
Depreciation & Amortization	187.65	183.52	180.57	176.71	161.59	147.59
Total Operating Expenses	283.06	278.22	278.42	259.92	233.88	220.4
Operating Income	57.36	62.28	42.82	84.08	96.57	105.57
Interest Expense	-13.05	-	-	-	-55.2	-65.1
Income (Loss) on Equity Investments	-3.51	1.37	16.01	-0.19	-0.17	2.89
Other Non-Operating Income	-37.24	-43.41	-44.48	-45.34	0.74	2.26
EBT Excluding Unusual Items	3.56	20.24	14.35	38.55	41.94	45.63
Gain (Loss) on Sale of Assets	33.69	33.01	106.15	367.27	139.04	250.89
Asset Writedown	-	-16.49	-3.04	-5.54	-14.46	-5.33
Other Unusual Items	-0.13	-0.13	-0.12	-13.89	21.45	-4.52
Pretax Income	37.12	36.63	117.35	386.38	187.98	286.67
Income Tax Expense	0.49	0.7	1.1	1.29	1.58	1.38
Earnings From Continuing Operations	36.63	35.92	116.24	385.09	186.39	285.29
Net Income to Company	36.63	35.92	116.24	385.09	186.39	285.29
Minority Interest in Earnings	-4.21	-5.54	-2.46	-2.44	-3.09	-5.38
Net Income	32.42	30.38	113.78	382.65	183.3	279.91
Preferred Dividends & Other Adjustments	6.55	6.52	6.48	6.8	6.51	6.69
Net Income to Common	25.87	23.86	107.31	375.85	176.79	273.23
Net Income Growth	-50.11%	-73.30%	-70.26%	108.75%	-34.51%	23.08%
Basic Shares Outstanding	291	290	280	278	267	238
Diluted Shares Outstanding	291	291	282	287	268	238
Shares Change (YoY)	2.58%	3.09%	-1.70%	7.15%	12.71%	-1.19%
EPS (Basic)	0.09	0.08	0.38	1.35	0.66	1.15
EPS (Diluted)	0.09	0.08	0.38	1.34	0.66	1.15
EPS Growth	-56.75%	-78.51%	-71.52%	102.61%	-42.66%	23.95%
Dividend Per Share	0.515	0.505	0.485	0.443	0.422	0.412
Dividend Growth	4.04%	4.12%	9.60%	4.73%	2.42%	-41.90%
Operating Margin	16.85%	18.29%	13.33%	24.44%	29.22%	32.39%
Profit Margin	7.60%	7.01%	33.40%	109.26%	53.50%	83.82%
Free Cash Flow Margin	57.04%	61.51%	60.47%	64.05%	61.08%	58.96%
EBITDA	242.26	243.05	221.54	263.6	260.83	256.01
EBITDA Margin	71.16%	71.38%	68.96%	76.63%	78.93%	78.54%
D&A For Ebitda	184.9	180.77	178.71	179.52	164.26	150.44
EBIT	57.36	62.28	42.82	84.08	96.57	105.57
EBIT Margin	16.85%	18.29%	13.33%	24.44%	29.22%	32.39%
Funds From Operations (FFO)	191.86	199.56	223.72	-	-	-
FFO Per Share	0.67	0.70	0.80	-	-	-
Adjusted Funds From Operations (AFFO)	-	187.25	207.21	-	-	-
AFFO Per Share	0.67	0.70	0.67	-	-	-
Effective Tax Rate	1.31%	1.92%	0.94%	0.33%	0.84%	0.48%
Revenue as Reported	340.42	340.5	321.25	344	330.45	325.97

Source: S&P Capital IQ. Real Estate template. Financial Sources.