LXP Industrial (LXP) Reports Q4 FFO of $47M, 79 Cps

LXP Industrial Trust (LXP) released Q4 results, reporting funds from operations (FFO) of $47 million, or 79 cents per share. Net income for the quarter was $27.1 million, or 46 cents per share, and revenue reached $86.7 million. FFO for the full year totaled $187.3 million, with annual revenue at $350.2 million. FFO, a standard REIT performance metric, adds back depreciation and amortization to net income.