LXP Industrial Trust increases 2026 FFO guidance and acquires Phoenix redevelopment site

LXP Industrial Trust raised its 2026 Adjusted Company FFO guidance and executed 2.7 million square feet of leases in Q2 with 22% rental increases on second-generation leases. The company acquired a 37-acre Phoenix infill property for $103 million with plans to redevelop it into 400,000-450,000 square feet of industrial space, demonstrating continued capital deployment in high-demand markets.