LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. Robert Roskind in October 1993 and is headquartered in New York, NY. Lexington Realty Trust is a publicly traded real estate investment trust. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions. Cash flow is improving over the past 3 years, but revenue has been checkered. It owns 134 properties in 30 U.S. states occupying a total area of over 5 million m².

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• With 95% of our gross assets now industrial, we have substantially completed our portfolio transformation to a predominantly single tenant industrial REIT.
• LXP is an intriguing possibility for both growth and income, but for the time being, it is still unproven, and with so many great sizzling-hot Industrials to choose from, there is just no need to gamble on this one yet.

The asset value of Lexington Realty Trust is estimated at USD 3.9 billion. The company was founded in 1973, and received its current name in 2006. REITNotes uses the REIT’s Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2.

Analyst rating

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LXP is an intriguing possibility for both growth and income, but for the time being, it is still unproven, and with so many great sizzling-hot Industrials to choose from, there is just no need to gamble on this one yet. Here is a side-by-side comparison, between LXP and 3 other Industrial REITs in the market cap sweet spot. To allow for equitable access to all users, SEC reserves https://trading-market.org/ig-trading-platform-on-the-appstore/ the right to limit requests originating from undeclared automated tools. Your request has been identified as part of a network of automated tools outside of the acceptable policy and will be managed until action is taken to declare your traffic. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.

Income Statement Quarterly

The company’s Liquidity Ratio (Assets/Liabilities) is solid at 2.20, and so is the Debt/EBITDA of 5.4x. The transformation puts LXP in a position to benefit from the e-commerce https://forex-world.net/strategies/top-10-trend-following-trading-strategies-that/ boom. This is a lucrative trend, as Hoya Capital has extensively documented. This may prove to be a new lease on life (no pun intended) for LXP and its shareholders.

The Dividend Score projects the Yield 3 years from now, based on the dividend growth rate. In the case of LXP, this number is misleading, for the following reasons. While the portfolio is now predominantly single-tenant class A warehouse space, those warehouses are not especially well-positioned, when compared to other Industrial REITs. This website is provided “as is” without any representations or warranties, express or implied. Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website.

Companies Similar to Lexington Realty Trust

Like all other Industrial REITs, LXP Industrial Trust faces risks from natural disasters, telecommunication failures, blackouts, terrorism, war, and cyber security attacks. Those possible attacks include hacking, viruses, vandalism, theft, malicious software, phishing, unauthorized access, and employee error or malfeasance. The Yield is above the REIT average, and even farther above the Industrial average, at 3.33%, and with a payout ratio of 56%, Seeking Alpha Premium rates the dividend a very safe A. LXP now owns and operates 102 properties, comprising 48.8 msf (million square feet), 99% of it leased, with a weighted average remaining lease term of 6.7 years.

Demand is still outpacing supply with vacancy at an all-time low leading to rental rates continuing to rise across the country. Class A warehouse distribution space in our target markets is benefiting from all of these trends. In short, it is a great time to be an industrial real estate company with top quality assets. See the current value of LXP Industrial Trust (Lexington Realty Trust) shares. Here you will find stock quotes and a chart showing the up and down trends of Lexington Realty Trust LXP stock, and you can buy stock in the app at the current price.

LXP-C Lexington Realty Trust 6.5% Cumulative Preferred Convertible Series C

This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT’s cash flow from operations. It is recommended to check the REIT’s website, Earning Reports and dividend announcements for the latest and updated information.

Our portfolio continues to benefit from healthy fundamentals in the industrial sector, including strong leasing demand and rental growth. Tenant leasing velocity is being driven by the need to improve supply chain efficiency as transportation costs rise, resulting in a greater desire for additional space to house inventory. With 95% of our gross assets now industrial, we have substantially completed our portfolio transformation to a predominantly single https://currency-trading.org/software-development/rfp-template-for-app-development/ tenant industrial REIT. If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Consumer Products & Retail

Three years later, the mix was almost 50/50, with warehouse and distribution accounting for 48% of the portfolio by gross book value. By the end of Q3 2021, the portfolio was 93% industrial, with office, manufacturing, and cold storage accounting for just 7%. NEW YORK (MarketWatch) — Vornado Realty Trust said Tuesday that it will buy 8 million common shares of Lexington Realty Trust for $5.60 a share. The company said the shares were previously held by an affiliate of Apollo…

No HE with registered and office address at Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus. LXP’s newly acquired Industrial facilities are not in bad locations, but other Industrial REITs are better positioned. Similarly, LXP is fairly new to the business of supply chain assets, and management has less experience and shallower roots in the industry than competitors in the Industrial REIT sector.