LXP maintains 2026 adjusted FFO guidance of $3.22 to $3.37 as Phoenix leasing discussions continue (NYSE:LXP)

Earnings Call Insights: LXP Industrial Trust (LXP) Q1 2026 Management View * CEO T. Wilson Eglin said that after executing 2025 priorities, "this year, we are focused primarily on creating value in our land bank and addressing our near-term expirations and existing vacancy," adding, "we've executed This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. LXP has addressed 57% of 2026 lease roll with rental increases and is engaged in active renewal negotiations covering 2026-2027 expirations, citing retention assumptions of 70-80% and visibility on large-box renewals including tenants like Nissan. LXP maintained its 2026 adjusted company FFO guidance of $3.22-$3.37 per share and same-store NOI growth of 1.5-2.5%, with expected portfolio occupancy around 96-97%. First quarter occupancy was 96.6% and is expected to improve from new leases. Management prefers pre-leasing and de-risking developments like Phoenix, views development as a better value creator than buybacks, and intends to fund new projects through matching dispositions with stabilized development outcomes.