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LXP

LXP Industrial Trust

LXP

LXP Industrial Trust • NYSE
$48.50 ▼ -0.25% (-0.12)
Market Cap $2.87 B
52w High $52.52
52w Low $34.25
Dividend Yield 2.70%
P/E 25.53
Volume 304.45K
Outstanding Shares 59.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $86.902M ▼ $70.951M ▲ $36.189M ▲ 41.643% ▲ $0.6 ▲ $107.388M ▲
Q2-2025 $87.719M ▼ $9.63M ▼ $29.132M ▲ 33.211% ▲ $0.47 ▲ $59.783M ▼
Q1-2025 $88.863M ▼ $10.39M ▲ $18.978M ▼ 21.356% ▼ $0.296 ▼ $61.344M ▼
Q4-2024 $100.851M ▲ $10.199M ▼ $33.031M ▲ 32.752% ▲ $0.55 ▲ $75.82M ▲
Q3-2024 $85.57M $11.035M $6.346M 7.416% $0.081 $59.524M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $229.737M ▲ $3.709B ▼ $1.635B ▲ $2.061B ▼
Q2-2025 $70.976M ▲ $3.717B ▼ $1.631B ▼ $2.064B ▼
Q1-2025 $70.935M ▼ $3.76B ▼ $1.663B ▼ $2.075B ▼
Q4-2024 $101.836M ▲ $3.843B ▼ $1.723B ▼ $2.098B ▼
Q3-2024 $54.971M $3.854B $1.728B $2.1B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $36.189M ▲ $67.398M ▲ $150.486M ▲ $-59.118M ▲ $158.766M ▲ $60.817M ▲
Q2-2025 $0 $44.292M ▲ $24.437M ▲ $-68.683M ▲ $46K ▲ $35.49M ▼
Q1-2025 $0 $38.986M ▼ $23.178M ▲ $-93.06M ▼ $-30.896M ▼ $36.023M ▼
Q4-2024 $0 ▲ $69.221M ▲ $21.983M ▲ $-44.334M ▼ $46.87M ▲ $62.893M ▲
Q3-2024 $-4.989M $64.597M $-17.64M $-40.656M $6.301M $56.839M

Revenue by Products

Product Q2-2024Q4-2024Q1-2025Q2-2025
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Five-Year Company Overview

Income Statement

Income Statement LXP’s income statement shows a business with fairly steady rental income and relatively stable core operating performance, but with bumpy reported profits. Revenue has inched up over the past five years, which is a good sign of a gradually expanding or improving portfolio. Operating profit and EBITDA have been more stable than net income, suggesting that the underlying property operations are consistent, while one‑off items, valuation changes, or property sales have caused large swings in bottom‑line earnings and earnings per share. In simple terms: the cash‑generating engine looks steady, but the accounting profits move around a lot from year to year, which is common for REITs.

Balance Sheet

Balance Sheet The balance sheet reflects a fairly typical industrial REIT profile: a large base of property assets, funded by a mix of debt and equity, with only a modest cash cushion. Total assets have grown compared with five years ago, indicating ongoing investment in the portfolio. Debt has risen over time but not in an alarming way relative to the equity base, implying a moderate use of leverage rather than an aggressive one. Equity has generally trended upward, which points to value being retained in the business over time. Overall, the balance sheet looks reasonably solid for a property trust, but as with any leveraged real estate model, it remains sensitive to interest rates, asset values, and refinancing conditions.

Cash Flow

Cash Flow Cash flow is a relative strength. Operating cash generation has been steady over the last five years, and the company has consistently produced positive free cash flow even after its ongoing investment spending. Capital expenditures appear disciplined rather than heavy, which fits with an industrial REIT that balances development with preserving cash. This pattern suggests that the rental portfolio throws off reliable cash that comfortably covers property upkeep and basic investment needs. While future interest costs and development plans could change the picture, the historical record points to a dependable cash engine rather than a fragile one.

Competitive Edge

Competitive Edge LXP operates in the industrial REIT space, focused on single‑tenant logistics and distribution properties in growth markets like the Sunbelt and Midwest. Its strategy emphasizes high‑quality assets, long‑term leases, and a strong tenant base, which can provide stable occupancy and predictable rental streams. The company competes by offering not just warehouses, but tailored solutions including build‑to‑suit projects and sale‑leasebacks, which can deepen tenant relationships. Its high leasing levels and long leases indicate a credible position with tenants. However, the industrial sector is crowded, and LXP faces competition from larger players with greater scale, as well as cyclical risks tied to manufacturing, e‑commerce trends, and broader economic conditions. Tenant concentration and lease rollover timing are also ongoing watchpoints for any single‑tenant REIT.

Innovation and R&D

Innovation and R&D For a REIT, LXP is relatively forward‑leaning on technology and sustainability. Its partnership with a modern property operations platform brings digital tools, mobile apps for tenants, and data analytics into day‑to‑day management, which can improve service levels, reduce downtime, and enhance building performance. The focus on predictive analytics and proactive maintenance is particularly important for keeping industrial facilities efficient and attractive to tenants. On top of that, LXP has embedded ESG and resilience into its strategy, with net‑zero ambitions, green building certifications, and green leases that align with tenants’ sustainability goals. Its in‑house development and build‑to‑suit capabilities further differentiate it, allowing custom facilities that can lock in long‑term, sticky tenant relationships. The main risk is execution: development projects and ESG commitments need to be delivered on time and on budget to fully translate into financial and competitive benefits.

Summary

Putting it all together, LXP looks like a steady, operations‑driven industrial REIT with a relatively stable cash profile, moderate leverage, and a clear strategic focus on logistics properties in growth regions. Core operating performance and cash flows have been consistent over time, even though reported net income has swung around due to typical REIT factors. The balance sheet appears sound but, as with all real estate vehicles, is inherently exposed to interest rates, asset valuations, and capital market conditions. Competitively, LXP leans on long‑term single‑tenant leases, strong tenant relationships, tech‑enabled property management, and a visible commitment to sustainability and custom development. Key things to watch going forward include leasing success on new developments, how well the company manages its debt and refinancing needs in different rate environments, and whether its technology and ESG initiatives continue to translate into superior tenant demand and stable occupancy over time.