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LXP Industrial Trust (LXP)
NYSE:LXP
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LXP Industrial Trust
(NYSE:LXP)
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Rating:73Outperform
Price Target:
$54.00
â–²(7.46% Upside)
LXP Industrial Trust's overall stock score reflects strong financial performance and positive earnings call outcomes, supported by strategic corporate events. While technical indicators are generally positive, valuation concerns due to a high P/E ratio slightly temper the outlook. The company's robust dividend yield and strategic initiatives provide a solid foundation for future growth.
Positive Factors
Revenue Growth
Strong revenue growth reflects increasing demand for LXP's industrial properties, driven by e-commerce and logistics trends, supporting long-term business expansion.
Leverage Reduction
Reducing leverage enhances financial flexibility and stability, allowing LXP to better manage its capital structure and invest in growth opportunities.
Occupancy and Rent Increases
High occupancy and rent escalations ensure stable cash flows and profitability, reinforcing LXP's competitive position in the industrial property market.
Negative Factors
Debt Levels
While leverage has been reduced, maintaining moderate debt levels is crucial to avoid financial strain and ensure long-term operational flexibility.
Same-Store NOI Growth
Slower NOI growth may signal challenges in maximizing property income, potentially impacting future revenue and profitability growth.
Limited Acquisition Plans
Limited acquisition activity could restrict LXP's ability to expand its portfolio and capitalize on market opportunities, affecting long-term growth potential.
LXP Industrial Trust (LXP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.96B
Dividend Yield5.33%
Average Volume (3M)594.63K
Price to Earnings (P/E)26.4
Beta (1Y)0.58
Revenue Growth6.98%
EPS Growth465.32%
CountryUS
Employees59
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.60
Shares Outstanding59,200,000
10 Day Avg. Volume489,050
30 Day Avg. Volume594,632
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)1.13
Price to Sales (P/S)6.60
P/FCF Ratio12.24
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue10.73
Enterprise Value/Gross Profit25.61
Enterprise Value/Ebitda12.84
Forecast
1Y Price Target
$43.38Price Target Upside-13.67% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
LXP Industrial Trust Business Overview & Revenue Model
Company DescriptionLexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
How the Company Makes MoneyLXP Industrial Trust generates revenue primarily through leasing its industrial properties to tenants under long-term, net lease agreements. These leases typically require tenants to cover property expenses such as maintenance, taxes, and insurance, allowing LXP to collect a significant portion of the rent as profit. The company's revenue model is bolstered by its focus on high-quality properties in strategic locations, which attract stable, creditworthy tenants. Additionally, LXP may realize earnings through property dispositions or acquisitions, capitalizing on favorable market conditions. Strategic partnerships with real estate brokers and investment firms can also enhance LXP's ability to identify and secure lucrative property deals, contributing further to its revenue streams.
LXP Industrial Trust Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 12, 2026
Earnings Call Sentiment Positive
The earnings call presented a mostly positive picture with significant achievements in reducing leverage and increasing occupancy through strategic sales and leasing. However, the narrowing of same-store NOI growth guidance and limited acquisition plans presented some challenges.Q3-2025 Updates
Positive Updates
Transformative Sale of Development Projects
The sale of two vacant development projects in Central Florida and Indianapolis for $175 million, representing a 20% premium to the gross book value, significantly reduced leverage to 5.2x net debt to adjusted EBITDA and increased portfolio occupancy by 370 basis points.
Strong Market Fundamentals
The company's 12 target markets experienced robust net absorption, with Dallas, Houston, Phoenix, and Indianapolis showing 4-8 million square feet absorption each. The portfolio's vacancy held steady around 7% due to positive demand and a decline in new completions.
Dividend Increase
The Board authorized an annualized dividend increase of $0.02 per share to an annualized rate of $0.56 per share, representing a 3.7% increase.
Lease Renewal and Rent Increases
A 380,000 square foot facility in Indianapolis was leased to a new tenant with a 34% rent increase. Overall, average annual rent escalators increased to 2.9%.
Negative Updates
Lower Same-Store NOI Growth
Same-store NOI growth guidance was narrowed from 3-4% to 3-3.5%, reflecting slower-than-expected leasing conversions.
Limited Acquisition Plans
The company noted that acquisitions are currently not a focus, except for managing tax gains, which may limit growth opportunities.
Company Guidance
During the LXP Industrial Trust third quarter earnings call, the company announced significant metrics-driven achievements and guidance. The transformative sale of two vacant development projects in Central Florida and Indianapolis for a gross sale price of $175 million, a 20% premium to the properties' book value, led to a 370 basis point increase in portfolio occupancy and a reduction in leverage from 5.8x to 5.2x net debt to adjusted EBITDA. This sale is also expected to generate a 6% accretion to adjusted company funds from operations (FFO) per share. The net proceeds of $151 million were used to repay $140 million of senior notes, improving the company's financial flexibility. Year-to-date sales volume reached $273 million, with a cash capitalization rate of 5.1% on stabilized assets. LXP also increased its 2025 adjusted company FFO guidance to $0.63 to $0.64 per share and announced a dividend increase to an annualized rate of $0.56 per share. Same-store net operating income (NOI) growth was reported at 4% year-to-date and 2% for the third quarter, with full-year guidance narrowed to 3% to 3.5%. The company's portfolio occupancy rose to 96.8%, and they continue to focus on their 12-market strategy with a strong internal growth profile driven by contractual rent escalations and market rent marking opportunities.LXP Industrial Trust Financial Statement Overview
Summary
LXP Industrial Trust demonstrates solid financial health with strong revenue growth and profitability improvements. The balance sheet is stable, though attention to debt levels is advisable. Cash flows are robust, supporting the company's financial position and growth prospects.Income Statement
LXP Industrial Trust shows a strong income statement with a notable TTM revenue growth rate of 36.7%, indicating robust top-line expansion. The gross profit margin improved significantly to 41.9% in TTM, reflecting enhanced operational efficiency. The net profit margin also increased to 32.2%, showcasing improved profitability. However, the EBIT margin slightly decreased compared to the previous year, suggesting some pressure on operating income.Balance Sheet
The balance sheet of LXP Industrial Trust is stable, with a debt-to-equity ratio of 0.73 in TTM, indicating moderate leverage. The return on equity improved to 5.7%, reflecting better utilization of equity. The equity ratio stands at 55.6%, suggesting a solid equity base. However, the company should monitor its debt levels to maintain financial flexibility.Cash Flow
LXP Industrial Trust's cash flow statement is strong, with a free cash flow growth rate of 2.08% in TTM, indicating positive cash generation. The operating cash flow to net income ratio is robust at 48.65, showing efficient cash conversion. The free cash flow to net income ratio of 0.89 suggests that a significant portion of earnings is converted into free cash flow, supporting financial stability.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 364.33M | 358.46M | 340.50M | 321.25M | 344.00M | 330.45M |
| Gross Profit | 152.66M | 105.08M | 98.58M | 85.81M | 119.54M | 288.53M |
| EBITDA | 304.33M | 257.96M | 272.32M | 227.57M | 260.79M | 260.83M |
| Net Income | 117.33M | 44.53M | 30.38M | 113.78M | 382.65M | 183.30M |
Balance Sheet | ||||||
| Total Assets | 3.71B | 3.84B | 4.19B | 4.05B | 4.01B | 3.49B |
| Cash, Cash Equivalents and Short-Term Investments | 229.74M | 101.84M | 329.39M | 54.39M | 190.93M | 178.79M |
| Total Debt | 1.40B | 1.46B | 1.66B | 1.39B | 1.40B | 1.25B |
| Total Liabilities | 1.64B | 1.72B | 1.93B | 1.66B | 1.68B | 1.50B |
| Stockholders Equity | 2.06B | 2.10B | 2.23B | 2.35B | 2.29B | 1.97B |
Cash Flow | ||||||
| Free Cash Flow | 195.22M | 193.41M | 191.51M | 161.71M | 205.14M | 184.59M |
| Operating Cash Flow | 219.90M | 211.19M | 209.45M | 194.27M | 220.35M | 201.84M |
| Investing Cash Flow | 220.08M | 86.40M | -183.45M | -236.92M | -337.76M | -494.35M |
| Financing Cash Flow | -265.19M | -394.98M | 118.96M | -93.87M | 129.10M | 342.63M |
LXP Industrial Trust Technical Analysis
Positive
50.25
Price Trends
48.73
Positive
47.12
Positive
43.63
Positive
Market Momentum
0.39
Positive
56.65
Neutral
61.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LXP, the sentiment is Positive. The current price of 50.25 is above the 20-day moving average (MA) of 50.18, above the 50-day MA of 48.73, and above the 200-day MA of 43.63, indicating a bullish trend. The MACD of 0.39 indicates Positive momentum. The RSI at 56.65 is Neutral, neither overbought nor oversold. The STOCH value of 61.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LXP.
LXP Industrial Trust Risk Analysis
LXP Industrial Trust disclosed 44 risk factors in its most recent earnings report. LXP Industrial Trust reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LXP Industrial Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $7.08B | 29.27 | 7.17% | 4.02% | 9.62% | 31.08% | |
74 Outperform | $6.15B | 18.96 | 8.38% | 3.38% | 21.13% | 74.37% | |
74 Outperform | $8.08B | 33.12 | 8.97% | 2.98% | 9.66% | -23.17% | |
74 Outperform | $9.49B | 28.73 | 4.03% | 4.30% | 10.27% | 15.25% | |
73 Outperform | $2.96B | 26.43 | 5.62% | 5.33% | 6.98% | 465.32% | |
66 Neutral | $987.76M | 10.97 | 20.14% | 4.39% | -4.99% | 10123.98% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
LXP
LXP Industrial Trust
50.25
11.93
31.13%
STAG
Stag Industrial
38.02
5.72
17.71%
TRNO
Terreno Realty
59.41
1.72
2.98%
FR
First Industrial Realty
58.87
10.21
20.98%
REXR
Rexford Industrial Realty
40.05
2.56
6.83%
PLYM
Plymouth Industrial Reit
21.94
5.41
32.73%
LXP Industrial Trust Corporate Events
Business Operations and StrategyDividendsFinancial DisclosuresStock Split
LXP Industrial Trust Announces Reverse Stock Split
Positive
Oct 30, 2025
LXP Industrial Trust announced a reverse stock split at a ratio of 1-for-5, effective November 10, 2025, with trading on a split-adjusted basis beginning November 11, 2025. The third quarter of 2025 saw LXP report a net income of $34.6 million, a 20% premium sale of two development projects, and a dividend increase of 3.7%. The company also reduced its net debt to Adjusted EBITDA to 5.2x and completed significant leasing activities, positioning itself well for future growth.
The most recent analyst rating on (LXP) stock is a Buy with a $11.50 price target. To see the full list of analyst forecasts on LXP Industrial Trust stock, see the LXP Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.