LXP Industrial Trust (NYSE:LXP) Q4 2022 Earnings Conference Call February 16, 2023 8:30 AM ET

Company Participants

Will Eglin - Chairman, Chief Executive Officer, President

Beth Boulerice - Chief Financial Officer

Brendan Mullinix - Executive Vice President, Chief Investment Officer

James Dudley - Executive Vice President, Director of Asset Management

Heather Gentry - Senior Vice President, Investor Relations

Conference Call Participants

Anthony Paolone - JP Morgan

Todd Thomas - Keybanc Capital Markets

Jon Petersen - Jefferies

John Massocca - Ladenburg Thalmann

Operator

Good morning ladies and gentlemen and welcome to the LXP Industrial Trust fourth quarter 2022 earnings call and webcast.

At this time, all participants are in a listen-only mode, and please be advised that this call is being recorded. After the speakers’ prepared remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, one on your telephone keypad. If you would like to withdraw your question, press star, one again.

Now I’d like to turn the call over to Ms. Heather Gentry, Senior Vice President of Investor Relations. Ms. Gentry, please go ahead.

Heather Gentry

Thank you Operator. Welcome to LXP Industrial Trust’s fourth quarter 2022 earnings conference call and webcast. The earnings release was distributed this morning and both the release and quarterly supplemental are available on our website in the Investors section and will be furnished to the SEC on a Form 8-K.

Certain statements made during this conference call regarding future events and expected results may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. LXP believes that these statements are based on reasonable assumptions, however certain factors and risks, including those included in today’s earnings press release and those described in reports that LXP files with the SEC from time to time, could cause LXP’s actual results to differ materially from those expressed or implied by such statements. Except as required by law, LXP does not undertake a duty to update any forward-looking statement.

In the earnings press release and quarterly supplemental disclosure package, LXP has reconciled all non-GAAP financial measures to the most directly comparable GAAP measure. Any references in these documents to adjusted company FFO refer to adjusted company funds from operations available to all equity holders and unit holders on a fully diluted basis. Operating performance measures of an individual investment are not intended to be viewed as presenting a numerical measure of LXP’s historical or future financial performance, financial position or cash flows.