LXP Industrial Trust
LXP-PC
New York Stock Exchange46.02
USD
-0.05
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LXP Industrial Trust
LXP-PC
(New York Stock Exchange)
Recent
price
46.02
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- LXP Industrial Trust LXP Industrial Trust (NYSE: LXP, LXP-PC) is a publicly traded real estate investment trust (REIT) focused on the acquisition, ownership, development, and operation of premium Class A industrial real estate, primarily single-tenant warehouse and distribution properties; it pursues portfolio expansion through acquisitions, build-to-suit developments, sale-leaseback transactions, redevelopment projects, joint ventures, and opportunistic sales. The company concentrates its high-quality assets in 12 target logistics markets across the Sunbelt and lower Midwest regions, including areas benefiting from favorable demographics, business-friendly policies, modern infrastructure, and onshoring of advanced manufacturing; its portfolio features one of the youngest industrial holdings among public REITs, with 15 facilities developed since 2019 totaling 9.1 million square feet at a weighted average stabilized cash yield of 7.1%. Founded in 1993 and headquartered at 515 N. Flagler Drive, Suite 408, West Palm Beach, Florida, LXP Industrial Trust employs approximately 59 people and targets institutional-grade tenants in logistics, e-commerce, and manufacturing sectors across the United States. Recent major changes include the completion of a 1-for-5 reverse share split of common shares effective November 10, 2025, with trading on a split-adjusted basis commencing November 11, 2025; the sale of two vacant development projects totaling 2.1 million square feet in Ocala, Florida, and Indianapolis, Indiana, for $175 million on September 30, 2025, realizing a 20% premium over book value and generating $151 million in net proceeds allocated to debt repayment and corporate purposes; repayment of $140 million in 6.75% Senior Notes due 2028 via cash tender offer; finalization of 1 million square feet in new and extended leases raising cash base rents by 27.7%; an increase in the annualized common share dividend to $0.56 pre-split; and acquisition of a 157,000 square foot Class A facility in Atlanta for $30 million to meet 1031 exchange requirements, alongside marketing $115 million in non-target market assets for sale.