How did LXP's Q4 2024 earnings surprise investors?

**LXP's Q4 2024 earnings exceeded investor expectations**, as evidenced by the company's actual EPS and revenue surpassing estimates.

1. **EPS Surprise**: LXP's actual EPS for Q4 2024 was $0.11, compared to the estimated EPS of -$0.02. This significant positive difference indicates that the company performed much better than investors anticipated in terms of profitability per share.

2. **Revenue Surprise**: The actual revenue for the quarter was $99.83 million, whereas the estimated revenue was $80.58 million. This substantial variance reflects that LXP generated much more income than forecasted for the period.
3. **Market Reaction and Analysts' Views**: LXP's stock traded up by 6.51% following the earnings release, suggesting investor optimism about the company's performance. Analysts have boosted their price targets and ratings, with Evercore ISI increasing its price target to $11.00, indicating a more positive outlook on the stock.

In conclusion, LXP's Q4 2024 earnings report delivered a positive surprise, with the company's financial performance exceeding investor expectations. This is a testament to LXP's effective management and operational efficiency, which have contributed to its solid financial results.