Latest news with #LXP
Globe and Mail
9 hours ago
- Business
- Globe and Mail
LXP Industrial Trust Announces Quarterly Common Share Dividend
WEST PALM BEACH, Fla., June 16, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust ('LXP') (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it declared a regular common share dividend for the quarter ending June 30, 2025 of $0.135 per common share payable on or about July 15, 2025 to common shareholders of record as of June 30, 2025. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending June 30, 2025, which is payable on or about August 15, 2025, to shareholders of record as of July 31, 2025. ABOUT LXP INDUSTRIAL TRUST LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and Midwest. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under LXP's control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, (1) the discretion of LXP's Board of Trustees with respect to the authorization of future dividend declarations and (2) those factors and risks detailed in LXP's periodic filings with the Securities and Exchange Commission. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events.
Yahoo
10 hours ago
- Business
- Yahoo
LXP Industrial Trust Announces Quarterly Common Share Dividend
WEST PALM BEACH, Fla., June 16, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust ('LXP') (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it declared a regular common share dividend for the quarter ending June 30, 2025 of $0.135 per common share payable on or about July 15, 2025 to common shareholders of record as of June 30, 2025. LXP also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending June 30, 2025, which is payable on or about August 15, 2025, to shareholders of record as of July 31, 2025. ABOUT LXP INDUSTRIAL TRUST LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and Midwest. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under LXP's control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, (1) the discretion of LXP's Board of Trustees with respect to the authorization of future dividend declarations and (2) those factors and risks detailed in LXP's periodic filings with the Securities and Exchange Commission. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Contact:Investor or Media Inquiries for LXP Industrial Trust:Heather Gentry, Executive Vice President of Investor RelationsLXP Industrial Trust Phone: (212) 692-7200 E-mail: hgentry@
Associated Press
21-05-2025
- Business
- Associated Press
LXP Industrial Trust Leases 1.1 Million Square Foot Industrial Facility in Greenville/Spartanburg
WEST PALM BEACH, Fla., May 21, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust ('LXP') (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it executed a lease for its approximately 1.1 million square foot industrial facility in the Greenville/Spartanburg, South Carolina market. The lease to a U.S. subsidiary of a global logistics company commences on June 1, 2025, for a two-year term, with two five-year renewal options, and an initial rent of $5.50 per square foot with 3.25% annual rental escalations. The signing of the lease results in an estimated stabilized cash yield of approximately 8.0% for the development project. T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, 'Leasing our Greenville/Spartanburg industrial facility to a full building user is an important component of our earnings growth. We expect this lease to generate approximately $3.7 million of Base Rent and operating cost reimbursement in 2025. To date, we've developed 15 facilities totaling 9.1 million square feet, 74% of which has been leased at an average estimated stabilized cash yield of 7.1%. Leasing our remaining 2.3 million square feet of spec development, together with the embedded mark-to-market opportunities in our portfolio and contractual rent growth, are compelling drivers of earnings growth.' ABOUT LXP INDUSTRIAL TRUST LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and Midwest. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under LXP's control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in LXP's periodic filings with the Securities and Exchange Commission. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Base Rent is calculated by making adjustments to GAAP rental revenue to exclude billed tenant reimbursements and lease termination income and to include ancillary income. Base Rent excludes reserves/write-offs of deferred rent receivable, as applicable. LXP believes Base Rent provides a meaningful measure due to the net lease structure of leases in its portfolio. Stabilized yields assume 100% occupancy and the payment of estimated costs to achieve 100% occupancy, excluding developer incentive fees or partner promotes, if any. Contact: Investor or Media Inquiries for LXP Industrial Trust: Heather Gentry, Executive Vice President of Investor Relations LXP Industrial Trust Phone: (212) 692-7200 E-mail: [email protected]
Yahoo
21-05-2025
- Business
- Yahoo
LXP Industrial Trust Leases 1.1 Million Square Foot Industrial Facility in Greenville/Spartanburg
WEST PALM BEACH, Fla., May 21, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust ('LXP') (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it executed a lease for its approximately 1.1 million square foot industrial facility in the Greenville/Spartanburg, South Carolina market. The lease to a U.S. subsidiary of a global logistics company commences on June 1, 2025, for a two-year term, with two five-year renewal options, and an initial rent of $5.50 per square foot with 3.25% annual rental escalations. The signing of the lease results in an estimated stabilized cash yield of approximately 8.0% for the development project. T. Wilson Eglin, Chairman and Chief Executive Officer of LXP, commented, 'Leasing our Greenville/Spartanburg industrial facility to a full building user is an important component of our earnings growth. We expect this lease to generate approximately $3.7 million of Base Rent and operating cost reimbursement in 2025. To date, we've developed 15 facilities totaling 9.1 million square feet, 74% of which has been leased at an average estimated stabilized cash yield of 7.1%. Leasing our remaining 2.3 million square feet of spec development, together with the embedded mark-to-market opportunities in our portfolio and contractual rent growth, are compelling drivers of earnings growth.' ABOUT LXP INDUSTRIAL TRUST LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and Midwest. LXP seeks to expand its portfolio through acquisitions, development projects, and build-to-suit and sale/leaseback transactions. For more information or to follow LXP on social media, visit This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under LXP's control which may cause actual results, performance or achievements of LXP to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those factors and risks detailed in LXP's periodic filings with the Securities and Exchange Commission. Except as required by law, LXP undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. Base Rent is calculated by making adjustments to GAAP rental revenue to exclude billed tenant reimbursements and lease termination income and to include ancillary income. Base Rent excludes reserves/write-offs of deferred rent receivable, as applicable. LXP believes Base Rent provides a meaningful measure due to the net lease structure of leases in its portfolio. Stabilized yields assume 100% occupancy and the payment of estimated costs to achieve 100% occupancy, excluding developer incentive fees or partner promotes, if any. CONTACT: Contact: Investor or Media Inquiries for LXP Industrial Trust: Heather Gentry, Executive Vice President of Investor Relations LXP Industrial Trust Phone: (212) 692-7200 E-mail: hgentry@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
02-05-2025
- Business
- Economic Times
Wagons Learning IPO: Check key dates, price band, subscription, GMP and other details
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Wagons Learning is set to open its Rs 38.38 crore initial public offering (IPO) on May 2. The public issue will close on May 6. The allotment for the same is expected to be finalized by May 7. The SME IPO will list on the BSE SME platform , with a tentative listing date of May IPO comprises a fresh issue of 30.80 lakh shares aggregating to Rs 25.26 crore and an offer for sale (OFS) of 16 lakh shares worth Rs 13.12 crore. The price band has been fixed at Rs 78 to Rs 82 per can apply for lots of 1,600 shares. For retail investors, the minimum investment comes to Rs 1.31 lakh at the upper band. High net-worth individuals (HNIs) are required to apply for at least two lots or 3,200 shares, amounting to Rs 2.62 lakh IPO has a reservation structure where 50% is allocated to retail investors, 38% to HNIs, and 12% to qualified institutional buyers (QIBs).Wagons Learning: About the companyIncorporated in 2013, Wagons Learning offers corporate training, digital learning solutions, and skill development programs. The company serves B2B clients across industries including BFSI, automotive, pharma, and healthcare. It also provides learning management systems (LMS/LXP), content development, trainer outsourcing, and payroll company claims to have trained over 500,000 professionals and has recently expanded to the Middle East via a Dubai office. It is also making a foray into B2C offerings through industry-ready certification programs. As of June 2024, it employs 77 full-time PerformanceRevenue increased from Rs 9.89 crore in FY22 to Rs 33.51 crore in FY24. Profit after tax surged from Rs 9 lakh to Rs 5.61 crore in the same period. For the nine months ended December 2024, it reported revenue of Rs 33.23 crore and net profit of Rs 5.54 proceedsThe proceeds from the fresh issue will be used for working capital needs (Rs 7.5 crore), debt repayment (Rs 4.5 crore), and general corporate purposes. The company's post-issue market cap is estimated at Rs 127.92 crore. Khandwala Securities is the book-running lead manager, while Cameo Corporate Services is the registrar.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
