(LXP) LXP Industrial Trust - Overview
Sector: Real Estate | Industry: REIT - Industrial | Exchange: NYSE (USA) | Market Cap: 3.065m USD | Total Return: 32.9% in 12m
Avg Turnover: 17.1M
Qual. Beats: 0
Rev. Trend: 71.7%
Qual. Beats: 0
Warnings
Altman Z'' -1.90 < 1.0 - financial distress zone
Tailwinds
Idiosyncratic Leader
LXP Industrial Trust is a Maryland-based real estate investment trust (REIT) established in 1993. The company focuses on the acquisition and development of Class A warehouse and distribution properties, primarily concentrated in 12 target markets across the Sunbelt and lower Midwest regions of the United States.
The firm utilizes a multi-channel growth strategy that includes build-to-suit transactions, sale-leaseback agreements, and direct development projects. In the industrial REIT sector, Class A properties are characterized by modern specifications such as high clear heights and ample dock doors, which are critical for high-throughput logistics and e-commerce fulfillment centers. As a REIT, the company is required by law to distribute at least 90% of its taxable income to shareholders in the form of dividends.
Investors can evaluate the underlying asset quality and dividend sustainability by reviewing the detailed financial metrics available on ValueRay.
- Sunbelt logistics demand drives occupancy rates and rental income growth
- Development pipeline completion increases gross asset value and cash flow
- Rising interest rates impact cost of capital and acquisition yields
- Shift to Class A warehouse assets improves long-term portfolio quality
- E-commerce expansion fuels demand for large-scale distribution center leases
| Net Income: 93.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.32 > 1.0 |
| NWC/Revenue: 31.34% < 20% (prev 10.47%; Δ 20.86% < -1%) |
| CFO/TA 0.06 > 3% & CFO 192.2m > Net Income 93.9m |
| Net Debt (1.13b) to EBITDA (317.3m): 3.58 < 3 |
| Current Ratio: 1.98 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.2m) vs 12m ago -0.51% < -2% |
| Gross Margin: -17.10% > 18% (prev 0.28%; Δ -1.74k% > 0.5%) |
| Asset Turnover: 9.61% > 50% (prev 9.60%; Δ 0.01% > 0%) |
| Interest Coverage Ratio: 2.14 > 6 (EBITDA TTM 317.3m / Interest Expense TTM 59.2m) |
| A: 0.03 (Total Current Assets 219.5m - Total Current Liabilities 110.7m) / Total Assets 3.47b |
| B: -0.41 (Retained Earnings -1.41b / Total Assets 3.47b) |
| C: 0.04 (EBIT TTM 126.6m / Avg Total Assets 3.61b) |
| D: -0.96 (Book Value of Equity -1.41b / Total Liabilities 1.47b) |
| Altman-Z'' = -1.90 = D |
| DSRI: 1.08 (Receivables 89.2m/85.6m, Revenue 347.3m/361.1m) |
| GMI: 1.00 (fallback, negative margins) |
| AQI: 0.98 (AQ_t 0.93 / AQ_t-1 0.95) |
| SGI: 0.96 (Revenue 347.3m / 361.1m) |
| TATA: -0.03 (NI 93.9m - CFO 192.2m) / TA 3.47b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of May 26, 2026, the stock is trading at USD 52.24 with a total of 253,798 shares traded.
Over the past week, the price has changed by +2.77%,
over one month by +3.00%,
over three months by +8.20% and
over the past year by +32.91%.
LXP Industrial Trust has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy LXP.
- StrongBuy: 2
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 53.5 | 2.4% |
P/E Trailing = 34.8926
P/E Forward = 28.9017
P/S = 8.8247
P/B = 1.6258
P/EG = 3.1481
Revenue TTM = 347.3m USD
EBIT TTM = 126.6m USD
EBITDA TTM = 317.3m USD
Long Term Debt = 1.25b USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 1.26b USD (from shortLongTermDebtTotal, last quarter) + Leases 7.91m
Net Debt = 1.13b USD (calculated: Debt 1.26b - CCE 130.1m)
Enterprise Value = 4.20b USD (3.06b + Debt 1.26b - CCE 130.1m)
Interest Coverage Ratio = 2.14 (Ebit TTM 126.6m / Interest Expense TTM 59.2m)
EV/FCF = 25.17x (Enterprise Value 4.20b / FCF TTM 166.8m)
FCF Yield = 3.97% (FCF TTM 166.8m / Enterprise Value 4.20b)
FCF Margin = 48.03% (FCF TTM 166.8m / Revenue TTM 347.3m)
Net Margin = 27.02% (Net Income TTM 93.9m / Revenue TTM 347.3m)
Gross Margin = -17.10% ((Revenue TTM 347.3m - Cost of Revenue TTM 406.7m) / Revenue TTM)
Gross Margin QoQ = 80.53% (prev -28.29%)
Tobins Q-Ratio = 1.21 (Enterprise Value 4.20b / Total Assets 3.47b)
Interest Expense / Debt = 4.68% (Interest Expense 59.2m / Debt 1.26b)
Taxrate = 5.96% (136k / 2.28m)
NOPAT = 119.0m (EBIT 126.6m * (1 - 5.96%))
Current Ratio = 1.98 (Total Current Assets 219.5m / Total Current Liabilities 110.7m)
Debt / Equity = 0.64 (Debt 1.26b / totalStockholderEquity, last quarter 1.99b)
Debt / EBITDA = 3.58 (Net Debt 1.13b / EBITDA 317.3m)
Debt / FCF = 6.80 (Net Debt 1.13b / FCF TTM 166.8m)
Total Stockholder Equity = 2.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.60% (Net Income 93.9m / Total Assets 3.47b)
RoE = 2.72% (Net Income TTM 93.9m / Total Stockholder Equity 3.45b)
RoCE = 2.69% (EBIT 126.6m / Capital Employed (Equity 3.45b + L.T.Debt 1.25b))
RoIC = 3.55% (NOPAT 119.0m / Invested Capital 3.36b)
WACC = 6.79% (E(3.06b)/V(4.33b) * Re(7.78%) + D(1.26b)/V(4.33b) * Rd(4.68%) * (1-Tc(0.06)))
Discount Rate = 7.78% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 15.56 | Cagr: -51.12%
[DCF] Terminal Value 73.35% ; FCFF base≈177.3m ; Y1≈157.6m ; Y5≈130.8m
[DCF] Fair Price = 16.25 (EV 2.09b - Net Debt 1.13b = Equity 958.3m / Shares 59.0m; r=8.35% [WACC [floored]]; 5y FCF grow -13.62% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.49 | # QB: 0
Revenue Correlation: 71.69 | Revenue CAGR: 2.49% | SUE: 0.17 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.07 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.09 | Chg30d=+80.00% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.09 | Chg30d=-70.69% | Revisions=-20% | GrowthEPS=-95.3% | GrowthRev=-1.7%
EPS next Year (2027-12-31): EPS=0.47 | Chg30d=-16.07% | Revisions=-20% | GrowthEPS=+452.9% | GrowthRev=+6.7%
[Analyst] Revisions Ratio: -20%