Lexington Realty Trust (LXP)

NYSE: LXP · IEX Real-Time Price · USD
10.61
-0.25 (-2.30%)
Jun 29, 2022 12:16 PM EDT - Market open
-2.30%
Market Cap 3.05B
Revenue (ttm) 331.72M
Net Income (ttm) 345.40M
Shares Out 287.52M
EPS (ttm) 1.22
PE Ratio 8.72
Forward PE n/a
Dividend $0.47 (4.41%)
Ex-Dividend Date Jun 29, 2022
Volume 722,595
Open 10.68
Previous Close 10.86
Day's Range 10.55 - 10.72
52-Week Range 9.98 - 16.11
Beta 0.77
Analysts Hold
Price Target 14.41 (+35.8%)
Earnings Date Aug 4, 2022

About LXP

Lexington 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. [Read more...]

Industry Equity Real Estate Investment Trusts (REITs)
IPO Date Aug 10, 1993
CEO T. Wilson Eglin
Employees 62
Stock Exchange NYSE
Ticker Symbol LXP
Full Company Profile

Financial Performance

In 2021, LXP's revenue was $344.00 million, an increase of 4.10% compared to the previous year's $330.45 million. Earnings were $382.65 million, an increase of 108.75%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for LXP stock is "Hold." The 12-month stock price forecast is 14.41, which is an increase of 35.82% from the latest price.

Price Target
$14.41
(35.82% upside)
Analyst Consensus: Hold
Stock Forecasts

News

LXP Industrial Trust Announces Quarterly Common Share Dividend

NEW YORK, June 15, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced t...

LXP Industrial (LXP) Q1 FFO and Revenues Lag Estimates

LXP Industrial (LXP) delivered FFO and revenue surprises of -5.88% and 1.24%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

LXP Industrial Trust Reports First Quarter 2022 Results

NEW YORK, May 05, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today announce...

LXP Industrial Trust to Report First Quarter 2022 Results and Host Conference Call May 5, 2022

NEW YORK, April 25, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, t...

Why LXP Industrial Trust Stock Flopped Badly on Friday

The REIT's review of strategic alternatives has concluded with a whimper instead of a bang.

LXP Industrial Trust Suspends Strategic Alternatives Process

Remains Open to Opportunities to Maximize Shareholder Value Remains Open to Opportunities to Maximize Shareholder Value

LXP Industrial Trust Appoints Arun Gupta to Board of Trustees

Gupta Brings Valuable Expertise in M&A Transactions, Cybersecurity and Technology Gupta Brings Valuable Expertise in M&A Transactions, Cybersecurity and Technology

Visitt Signs Agreement with LXP Industrial Trust for Property Operations Digital Transformation

NEW YORK, March 1, 2022 /PRNewswire/ -- Visitt , the next-gen property operations system for commercial, office, multifamily and industrial real estate, signed a portfolio-wide agreement with LXP Indust...

LXP Industrial (LXP) Lags Q4 FFO Estimates

LXP Industrial (LXP) delivered FFO and revenue surprises of -5.26% and 3.92%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

LXP Industrial Trust Reports Fourth Quarter 2021 Results

NEW YORK, Feb. 24, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today announc...

LXP Industrial Trust to Review Letter from Land & Buildings

NEW YORK, Jan. 30, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, an...

LXP Industrial Trust to Report Fourth Quarter 2021 Results and Host Conference Call February 24, 2022

NEW YORK, Jan. 27, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, to...

LXP Industrial Trust Announces Final Dividend Allocation for 2021

NEW YORK, Jan. 20, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced i...

LXP Industrial Trust Launches Joint Venture

$550 Million Recapitalization of Special Purpose Industrial Portfolio

PGRE vs. LXP: Which Stock Is the Better Value Option?

PGRE vs. LXP: Which Stock Is the Better Value Option?

Other symbols: PGRE

Lexington Realty Trust Rebrands and Changes Name to LXP Industrial Trust

Highlights Successful Transformation to Industrial Focused Portfolio and Growth Strategy Highlights Successful Transformation to Industrial Focused Portfolio and Growth Strategy

PGRE or LXP: Which Is the Better Value Stock Right Now?

PGRE vs. LXP: Which Stock Is the Better Value Option?

Other symbols: PGRE

Lexington Realty Trust Comments on Land & Buildings' Nominations

NEW YORK, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“LXP”), a real estate investment trust focused on single-tenant industrial real estate investments, today issued the follow...

Land & Buildings Nominates Donna Brandin and Jonathan Litt for Election to the Board of Lexington Realty Trust

STAMFORD, Conn.--(BUSINESS WIRE)--Today Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a significant shareholder of Lexington Realty Trust (“LXP,” “Lexin...

Land & Buildings Issues Presentation Detailing Why Shareholder Accountability is Needed at Lexington Realty Trust

STAMFORD, Conn.--(BUSINESS WIRE)--Today Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a significant shareholder of Lexington Realty Trust (“LXP,” “Lexin...

Land & Buildings Issues Open Letter to Lexington Realty Trust Shareholders

STAMFORD, Conn.--(BUSINESS WIRE)--Today Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings”), a significant shareholder of Lexington Realty Trust (“LXP,” “Lexin...

Lexington Realty (LXP) Q3 FFO and Revenues Beat Estimates

Lexington Realty (LXP) delivered FFO and revenue surprises of 5.56% and 3.17%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Lexington Realty Trust Reports Third Quarter 2021 Results

95% of Gross Assets Now Industrial - Marking Substantial Completion of Portfolio Transformation

Lexington Realty Trust Announces First Place Ranking for U.S. Industrial Listed Peer Group in 2021 GRESB® Assessment

NEW YORK, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“LXP”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced ...

Lexington Realty Trust to Report Third Quarter 2021 Results and Host Conference Call on November 4, 2021

NEW YORK, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today anno...