LXP Industrial Trust LXP

Real estate SIC 6798 - Real Estate Investment Trusts NAICS Real Estate and Rental and Leasing › Real Estate › Lessors of Real Estate derived NYSE

We are a Maryland real estate investment trust, qualified as a REIT for federal income tax purposes, focused on Class A warehouse and distribution real estate investments in target markets in the Sunbelt and lower Midwest. Class A real estate encompasses attractive and efficient buildings of high quality that are well-designed and constructed with above-average material, workmanship and finishes and are well-maintained and managed. A majority of our properties are subject to net or similar leases, where the tenant bears all or substantially all of the costs, including cost increases, for real estate taxes, utilities, insurance and ordinary repairs. However, certain leases provide that the landlord is responsible for certain operating expenses.

Last close 61.10 2026-10-23
Market cap —
52-week range 44.17 - 61.61

Valuation FY2025 figures against the last close

P/S883.0x
P/E33.6x
P/FCF19.1x
EV/EBITDA—
Dividend yield4.6%
Diluted EPS1.82

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.1M$4.1M$6.3M$7.3M$4.1M$330.4M$326.0M$397.0M$1.0M$31.4M
Cost of revenue $64.4M$60.5M$58.4M$54.9M$47.3M—————
Gross profit -$60.3M-$56.4M-$52.1M-$47.6M-$43.3M—————
SG&A $40.1M$40.0M$36.3M$38.7M$35.5M$30.4M$30.8M$31.7M$34.2M$31.1M
Interest expense $62.9M$66.5M$46.4M$45.4M$46.7M$55.2M$65.1M$79.9M$77.9M$88.0M
Pre-tax income $122.7M$45.9M$35.3M$101.3M$386.6M$188.1M$283.8M$230.9M$89.4M$90.3M
Income tax $163.0K$93.0K$165.0K$1.1M$1.3M$1.6M$1.4M$1.7M$1.9M$1.4M
Net income $113.2M$44.5M$30.4M$113.8M$382.6M$183.3M$279.9M$227.4M$85.6M$95.6M
EPS, basic 1.820.650.410.381.350.661.150.930.330.38
EPS, diluted 1.820.650.410.381.340.661.150.930.330.37
Shares, diluted (wtd. avg.) 58.6M58.3M58.2M282.5M287.4M268.2M237.9M240.8M241.5M237.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $170.4M$101.8M$199.2M$54.4M$190.9M$178.8M$122.7M$168.8M$107.8M$86.6M
Short-term investments —$0$130.1M$0——————
Receivables $3.5M$2.1M$5.3M$3.0M$3.5M$2.9M$3.2M$3.5M$5.5M$7.5M
Total assets $3.54B$3.84B$4.19B$4.05B$4.01B$3.49B$3.18B$2.95B$3.55B$3.44B
Long-term debt $1.35B$1.57B————————
Total liabilities $1.49B$1.72B$1.93B$1.66B$1.68B$1.50B$1.46B$1.61B$2.21B$2.03B
Total equity $2.04B$2.10B$2.27B$2.39B$2.32B$1.99B$1.72B$1.35B$1.34B$1.41B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $188.7M$211.2M$209.4M$194.3M$220.3M$201.8M$192.2M$217.8M$227.9M$239.8M
Depreciation and amortisation $200.1M$196.6M$186.5M$183.4M$179.5M$164.3M$150.4M$172.1M$177.6M$170.0M
Capital expenditure ———————$15.5M$15.2M$4.4M
Investing cash flow $298.2M$86.4M-$183.5M-$236.9M-$337.8M-$494.4M-$187.0M$554.9M-$283.1M$11.4M
Financing cash flow -$418.3M-$395.0M$119.0M-$93.9M$129.1M$342.6M-$53.2M-$707.6M$49.6M-$237.3M
Dividends paid $164.3M$158.2M$151.9M$142.5M$128.3M$118.4M$122.8M$175.5M$172.1M$165.9M
Buybacks $4.0M$0$0$130.7M$0$11.0M$3.6M$47.2M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000910108-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M Revenue, FY2016: 31.4M Net income, FY2016: 95.6M Revenue, FY2017: 1M Net income, FY2017: 85.6M Revenue, FY2018: 397M Net income, FY2018: 227.4M Revenue, FY2019: 326M Net income, FY2019: 279.9M Revenue, FY2020: 330.4M Net income, FY2020: 183.3M Revenue, FY2021: 4.1M Gross profit, FY2021: -43.3M Net income, FY2021: 382.6M Revenue, FY2022: 7.3M Gross profit, FY2022: -47.6M Net income, FY2022: 113.8M Revenue, FY2023: 6.3M Gross profit, FY2023: -52.1M Net income, FY2023: 30.4M Revenue, FY2024: 4.1M Gross profit, FY2024: -56.4M Net income, FY2024: 44.5M Revenue, FY2025: 4.1M Gross profit, FY2025: -60.3M Net income, FY2025: 113.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $31.4M $1.0M $397.0M $326.0M $330.4M $4.1M $7.3M $6.3M $4.1M $4.1M
Gross profit — — — — — -$43.3M -$47.6M -$52.1M -$56.4M -$60.3M
Net income $95.6M $85.6M $227.4M $279.9M $183.3M $382.6M $113.8M $30.4M $44.5M $113.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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