10:13 AM EDT, 07/31/2024 (MT Newswires) -- LXP Industrial Trust's ( LXP ) shares were flat in recent Wednesday trading after the company reported lower Q2 adjusted company funds from operations and revenue.

The company reported Q2 adjusted company FFO of $0.16 per diluted share, down from $0.18 a year earlier. Analysts polled by Capital IQ expected $0.16.

Gross revenue for the quarter ended June 30 was $85.8 million, down from $87.1 million a year earlier. Four analysts surveyed by Capital IQ expected $84.6 million.

The company tightened its adjusted company FFO guidance for the year ended Dec. 31 to between $0.62 and $0.65 per diluted share. The previous guidance was between $0.61 and $0.65 per share. Analysts polled by Capital IQ expects 2024 FFO to be $0.63.

Price: 10.36, Change: -0.10, Percent Change: -0.96