LXP Industrial Trust (LXP)
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]
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 StatementsAnalyst 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.
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...
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...
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, ...
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...
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...
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...
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, ...
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, ...
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...
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...
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...
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...
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,...
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...
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...
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 ...
LXP Industrial Trust (LXP) Q4 2023 Earnings Call Transcript
LXP Industrial Trust (LXP) Q4 2023 Earnings Call Transcript
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...
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...
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, ...
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 ...
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.
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...
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...
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...