LXP Industrial Trust (LXP)

NYSE: LXP · Real-Time Price · USD
8.32
+0.10 (1.22%)
Dec 20, 2024, 4:00 PM EST - Market closed
1.22%
Market Cap 2.45B
Revenue (ttm) 340.56M
Net Income (ttm) 19.52M
Shares Out 294.51M
EPS (ttm) 0.06
PE Ratio 128.85
Forward PE n/a
Dividend $0.52 (6.25%)
Ex-Dividend Date Sep 30, 2024
Volume 3,585,248
Open 8.09
Previous Close 8.22
Day's Range 8.09 - 8.38
52-Week Range 8.09 - 10.57
Beta 0.89
Analysts Buy
Price Target 11.50 (+38.22%)
Earnings Date Feb 13, 2025

About LXP

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. LXP seeks to expand its industrial portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions. [Read more]

Sector Real Estate
IPO Date Aug 10, 1993
Employees 64
Stock Exchange NYSE
Ticker Symbol LXP
Full Company Profile

Financial Performance

In 2023, LXP Industrial Trust's revenue was $340.50 million, an increase of 5.99% compared to the previous year's $321.25 million. Earnings were $23.86 million, a decrease of -77.76%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for LXP stock is "Buy." The 12-month stock price forecast is $11.5, which is an increase of 38.22% from the latest price.

Price Target
$11.5
(38.22% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sector Spotlight: Industrial REITs - Still A Real Estate Darling?

The industrial REIT sector has seen significant price corrections due to changing macroeconomic factors, making current pricing more investible. Investor enthusiasm has waned, reflected in falling AFF...

14 days ago - Seeking Alpha

LXP Industrial Trust (LXP) Q3 2024 Earnings Call Transcript

LXP Industrial Trust (NYSE:LXP) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Heather Gentry - Investor Relations Will Eglin - Chief Executive Officer Brendan Mull...

6 weeks ago - Seeking Alpha

LXP Industrial Trust Reports Third Quarter 2024 Results

WEST PALM BEACH, Fla., Nov. 06, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, ...

6 weeks ago - GlobeNewsWire

LXP Industrial Trust to Report Third Quarter 2024 Results and Host Conference Call November 6, 2024

WEST PALM BEACH, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (“LXP”), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate inves...

2 months ago - GlobeNewsWire

LXP Industrial: Attractive Dividend Yield, Upside Potential In A Lower Rate Environment

LXP Industrial owns a high-quality portfolio of single-tenant industrial properties across the U.S. The company recently became a pure-play industrial REIT after fully exiting its office portfolio. Wh...

2 months ago - Seeking Alpha

LXP Industrial Trust (LXP) Q2 2024 Earnings Call Transcript

LXP Industrial Trust (NYSE:LXP) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Heather Gentry - IR Will Eglin - CEO Brendan Mullinix - CIO James Dudley - EVP Beth Boul...

5 months ago - Seeking Alpha

LXP Industrial Trust Reports Second Quarter 2024 Results

WEST PALM BEACH, Fla., July 31, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on Class A warehouse and distribution real estate investments, ...

5 months ago - GlobeNewsWire

LXP Industrial: Dividend Bargain Flying Under The Radar

I find value in underfollowed stocks with attractive prices and high yields, like LXP Industrial. LXP has transitioned to an industrial REIT with strong portfolio fundamentals, strong tenant profile, ...

5 months ago - Seeking Alpha

LXP Industrial Trust to Report Second Quarter 2024 Results and Host Conference Call July 31, 2024

WEST PALM BEACH, Fla., June 27, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (“LXP”), a real estate investment trust (REIT) focused on Class A warehouse and distribution real estate inves...

6 months ago - GlobeNewsWire

LXP Industrial Trust Announces Quarterly Common Share Dividend

WEST PALM BEACH, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, to...

6 months ago - GlobeNewsWire

LXP Industrial Trust Announces Beth Boulerice to Step Down as Chief Financial Officer and be Succeeded by Nathan Brunner

Brunner to serve as Executive Vice President of Capital Markets effective September 1, 2024 and will assume the roles of Chief Financial Officer and Treasurer on March 1, 2025 Brunner to serve as Exec...

7 months ago - GlobeNewsWire

CORRECTION: LXP Industrial Trust Reports First Quarter 2024 Results

WEST PALM BEACH, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by LXP Industrial Trust (NYSE:LXP), please note that the percentage underneath the "Su...

8 months ago - GlobeNewsWire

LXP Industrial Trust Reports First Quarter 2024 Results

WEST PALM BEACH, Fla., May 02, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments,...

8 months ago - GlobeNewsWire

LXP Industrial Trust to Report First Quarter 2024 Results and Host Conference Call May 2, 2024

WEST PALM BEACH, Fla., April 12, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate...

9 months ago - GlobeNewsWire

Industrial Real Estate: Opportunities Amidst Supply And Demand Boom

Industrial real estate has experienced strong demand growth, leading to an increase in development of new warehouses. The supply and demand for industrial real estate vary by location, resulting in po...

9 months ago - Seeking Alpha

LXP Industrial: Dividends Raised, Transformation Complete

LXP Industrial is an undervalued REIT with strong operating fundamentals and has transformed its portfolio to full industrial. The company has a diverse portfolio of Class A, single-tenant properties ...

10 months ago - Seeking Alpha

LXP Industrial Trust (LXP) Q4 2023 Earnings Call Transcript

LXP Industrial Trust (LXP) Q4 2023 Earnings Call Transcript

11 months ago - Seeking Alpha

LXP Industrial Trust Reports Fourth Quarter 2023 Results

NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today annou...

11 months ago - GlobeNewsWire

LXP Industrial Trust Announces Final 2023 Dividend Allocation

NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced...

1 year ago - GlobeNewsWire

LXP Industrial Trust to Report Fourth Quarter 2023 Results and Host Conference Call February 15, 2024

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, ...

1 year ago - GlobeNewsWire

Rewarding You: 7 REITs Yielding High Goldilocks-Zone Dividends

Identifying potentially habitable planets in the Goldilocks Zone is a primary focus in the search for extraterrestrial intelligence. Similarly, in dividend investing, there is a Goldilocks Zone where ...

Other symbols: AATBHRBXPGLPIGTYHIWMPW
1 year ago - Seeking Alpha

STAG Vs. LXP:  Which Is The Better Industrial REIT?

STAG Industrial has outperformed the industrial REIT sector, making it a less attractive value compared to a year ago. LXP has gotten cheaper, causing us to re-examine its merits versus STAG.

Other symbols: STAG
1 year ago - Seeking Alpha

LXP Industrial Trust Announces Pricing of Public Offering of $300 Million of Senior Notes

NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE: LXP) (“LXP”), a real estate investment trust (“REIT”) focused on single-tenant warehouse/distribution real estate investments, t...

1 year ago - GlobeNewsWire

LXP Industrial Trust (LXP) Q3 2023 Earnings Call Transcript

LXP Industrial Trust (NYSE:LXP) Q3 2023 Earnings Conference Call October 31, 2023 8:00 AM ET Company Participants Heather Gentry - Investor Relations Will Eglin - Chairman and CEO Beth Boulerice - Ch...

1 year ago - Seeking Alpha

LXP Industrial Trust Reports Third Quarter 2023 Results

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today annou...

1 year ago - GlobeNewsWire