The Lifting Intervention For Training Muscle and Osteoporosis Rehabilitation for Men (LIFTMOR-M) trial examined efficacy and safety of two novel exercise programs in older men with low BMD. Men with low hip and/or LS BMD were randomized to high-intensity progressive resistance and impact training (HiRIT) or machine-based isometric axial compression (IAC) and compared to a nonrandomized matched control (CON). Outcomes included: hip and LS BMD; calcaneal ultrasound parameters; anthropometry; body composition; function (timed up-and-go [TUG], five-times sit-to-stand [FTSTS]); back extensor strength (BES); leg extensor strength (LES); compliance and adverse events. Ninety-three men (67.1 AE 7.5 years; 82.1 AE 11.6 kg; 175.2 AE 6.7 cm; FN T-score −1.6 AE 0.6) were randomized to HiRIT (n = 34) or IAC (n = 33), or allocated to CON (n = 26). HiRIT improved trochanteric BMD (2.8 AE 0.8%; −0.1 AE 0.9%, p = .024), LS BMD (4.1 AE 0.7%; 0.9 AE 0.8%, p = .003), BUA (2.2 AE 0.7%; −0.8 AE 0.9%, p = .009), stiffness index (1.6 AE 0.9%; −2.0 AE 1.1%, p = .011), lean mass (1.5 AE 0.8%; −2.4 AE 0.9%, p = .002), TUG, FTSTS, BES, and LES (p < .05) compared with CON. IAC improved lean mass (0.8 AE 0.8%; −2.4 AE 0.9%, p = .013) and FTSTS (−4.5 AE 1.6%; 7.5 AE 2.0%, p < .001) compared with CON. HiRIT improved LS BMD (4.1 AE 0.7%; 2.0 AE 0.7%, p = .039), stiffness index (1.6 AE 0.9%; −1.3 AE 0.9%, p = .025), and FTSTS (−10.7 AE 1.6%; −4.5 AE 1.7%, p = .010) compared with IAC. Exercise compliance was high (HiRIT 77.8 AE 16.6%; IAC 78.5 AE 14.8%, p = .872). There were five minor adverse events (HiRIT, 2; IAC, 3). HiRIT was well-tolerated and improved bone, function and fracture risk more than CON or IAC.