LXP Industrial Trust (NYSE:LXP) Issues Earnings Results

LXP Industrial Trust (NYSE:LXP) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.80 EPS for the quarter, Zacks reports. The firm had revenue of $85.95 million during the quarter, compared to the consensus estimate of $81.47 million. LXP Industrial Trust had a return on equity of 4.80% and a net margin of 27.05%.The firm’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. LXP Industrial Trust updated its FY 2026 guidance to 3.220-3.370 EPS.

Here are the key takeaways from LXP Industrial Trust’s conference call:

• 3.2 million sq ft of new leases and renewals YTD (including a 1.1M-sq-ft Greenville extension) and >300,000 sq ft of vacancy leased, showing clear leasing momentum and strong rent resets on large-format assets.
• Q1 adjusted company FFO was about $0.80 per share (+2.6% YoY) with same-store NOI +2%, management reiterated 2026 FFO guidance of $3.22–$3.37 and a healthy balance sheet (net debt / EBITDA ~5.1x, $130M cash, $600M revolver undrawn).
• Management has addressed ~57% of 2026 expirations (~3.7M sq ft) with an average cash rental increase of ~25%, but a few known move-outs (~550k sq ft) and timing of lease commencements mean Q2 same-store NOI is expected to be weaker before improving in H2.
• Development pipeline and land?bank activity is active — construction started on the 1.2M?sq?ft Phoenix project, West Valley supply is now constrained, and management is in active discussions on ~7.4 million sq ft of development/redevelopment leasing through 2027.

LXP Industrial Trust Stock Performance

LXP stock traded up $0.90 during trading on Friday, reaching $51.82. 631,532 shares of the company’s stock were exchanged, compared to its average volume of 595,223. The company has a quick ratio of 0.24, a current ratio of 0.21 and a debt-to-equity ratio of 0.18. LXP Industrial Trust has a 1-year low of $38.20 and a 1-year high of $52.52. The company’s fifty day moving average price is $48.54 and its 200-day moving average price is $48.47. The firm has a market cap of $3.06 billion, a PE ratio of 35.01 and a beta of 1.09.

LXP Industrial Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date was Tuesday, March 31st. LXP Industrial Trust’s payout ratio is 189.19%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Evercore set a $51.00 price objective on LXP Industrial Trust in a research note on Friday, February 13th. Wall Street Zen upgraded LXP Industrial Trust from a “sell” rating to a “hold” rating in a research note on Sunday, April 5th. Citigroup restated an “outperform” rating on shares of LXP Industrial Trust in a research note on Friday, February 13th. JPMorgan Chase & Co. reduced their price target on LXP Industrial Trust from $50.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of LXP Industrial Trust in a research report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, LXP Industrial Trust currently has a consensus rating of “Hold” and a consensus price target of $51.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LXP. California State Teachers Retirement System increased its holdings in LXP Industrial Trust by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 271,954 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 1,474 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in LXP Industrial Trust by 82.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,623 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,632 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in LXP Industrial Trust by 14.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 13,954 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 1,742 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in LXP Industrial Trust by 101.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,481 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 1,755 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in LXP Industrial Trust during the 3rd quarter valued at $26,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LXP Industrial Trust Company Profile

LXP Industrial Trust is a real estate investment trust that specializes in the ownership, acquisition and management of industrial properties across North America. The company’s portfolio consists of warehouses, distribution centers and manufacturing facilities designed to support supply-chain and logistics operations. By focusing on long-term leasing arrangements, LXP Industrial Trust aims to provide stable income streams while delivering value to tenants through modern, well-positioned industrial space.

The firm’s primary business activities include sourcing and under-writing new property investments, overseeing development and redevelopment projects, and implementing asset-management strategies to enhance the performance of its holdings.