LXP Industrial Trust
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- T. Wilson Eglin
- Full Time Employees
- 58
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- 515 N. Flagler Drive West Palm Beach FL United States of America 10119
- IPO Date
- Oct 22, 1993
- CIK
- 0000910108
- Website
- lxp.com
- Similar Companies
- Business
- LXP Industrial Trust (NYSE: LXP) is a real estate investment trust (REIT) that owns, acquires, develops, and operates premium, primarily single-tenant Class A industrial real estate properties focused on warehouse and distribution facilities; its portfolio comprises approximately 115 consolidated properties totaling 54.6 million square feet across 18 states in 12 key U.S. logistics markets concentrated in the Sunbelt and lower Midwest regions, including Atlanta, Central Florida, Dallas, Indianapolis, and Phoenix; the company pursues a multi-channel investment strategy encompassing acquisitions, build-to-suit developments, sale-leaseback transactions, redevelopment projects, and joint ventures. Founded in 1973 and headquartered in West Palm Beach, Florida, with operational offices in New York, LXP targets high-growth markets benefiting from favorable demographics, logistics infrastructure, and onshoring trends, serving tenants in industries such as e-commerce, automotive, food, technology, aerospace, healthcare, and transportation. The company conducts operations through property-owning subsidiaries and a taxable REIT subsidiary, Lexington Realty Advisors, Inc., while maintaining investments in non-consolidated land held for development and joint ventures. In recent developments, LXP sold two vacant development projects totaling 2.1 million square feet in Central Florida and Indianapolis for $175 million in September 2025, achieving a 20% premium to book value and generating $151 million in net proceeds used for debt repayment including a $140 million tender offer on its 6.75% Senior Notes due 2028; the board authorized a 3.7% increase in the quarterly common share dividend to $0.14 per share (pre-split basis) for Q4 2025 and approved a 1-for-5 reverse stock split effective November 10, 2025 to reduce outstanding shares from approximately 296 million to 59 million; year-to-date through Q3 2025, LXP extended or signed 2.9 million square feet of leases with Cash Base Rent increases averaging 30.1%, acquired a 157,000 square foot warehouse in Atlanta for $30 million, increased stabilized portfolio occupancy to 96.8%, and reduced net debt to Adjusted EBITDA to 5.2x.
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LXP Industrial Trust to Report First Quarter 2026 Results and Host Conference Call April 29, 2026