LXP Industrial Trust (NYSE:LXP) Announces Earnings Results

LXP Industrial Trust (NYSE:LXP) posted its earnings results on Thursday. The real estate investment trust reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.06), Briefing.com reports. LXP Industrial Trust had a return on equity of 5.86% and a net margin of 32.19%.During the same period last year, the firm posted $0.16 EPS. LXP Industrial Trust’s revenue was down 14.0% on a year-over-year basis. 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:

• The company reduced leverage to 4.9x net debt/adjusted EBITDA, repaid about $220M of debt, extended its credit facilities, and held $170M in cash — actions S&P cited in a positive outlook and management says this strengthens the balance sheet for disciplined growth.
• Portfolio occupancy rose to 97.1% and LXP leased nearly 5 million sq ft in 2025 with attractive mark-to-market cash increases (~28%, excluding fixed-rate renewals), driven by large-user demand in target Sun Belt and Lower Midwest markets.
• 2026 guidance calls for adjusted company FFO of $3.22–$3.37 per share (midpoint ≈ +4.6%) and same-store NOI growth of 1.5%–2.5%, assuming Q4 sale proceeds are redeployed into the Phoenix development and no other dispositions.
• LXP will break ground on a 1 million sq ft spec project in Phoenix (budget ~$120M, expected stabilized cash yield 7%–7.5%, completion targeted H1 2027), citing tighter supply and lower construction costs as supportive for development returns.
• Management sold $389M of assets in 2025 (exiting non-target markets) and says holding cash and redeploying proceeds to development is currently weighing on near-term earnings, with some asset sales expected to be a drag on 2026 FFO before contributing to future growth.

LXP Industrial Trust Trading Down 7.5%

NYSE:LXP traded down $3.89 on Thursday, reaching $47.67. 604,918 shares of the stock traded hands, compared to its average volume of 497,194. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 25.00 and a beta of 1.10. LXP Industrial Trust has a 1-year low of $44.17 and a 1-year high of $97.90. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $50.08 and its 200-day moving average is $46.70.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LXP shares. Citizens Jmp upgraded shares of LXP Industrial Trust from a “market perform” rating to an “outperform” rating and set a $57.50 price objective on the stock in a research note on Tuesday, October 28th. Weiss Ratings lowered shares of LXP Industrial Trust from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Citigroup upgraded shares of LXP Industrial Trust to an “outperform” rating in a research report on Tuesday, October 28th. JMP Securities set a $57.50 target price on LXP Industrial Trust and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Finally, KeyCorp downgraded LXP Industrial Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Institutional Trading of LXP Industrial Trust

Several institutional investors and hedge funds have recently modified their holdings of LXP. Marshall Wace LLP bought a new stake in shares of LXP Industrial Trust during the second quarter valued at approximately $754,000. United Services Automobile Association purchased a new stake in LXP Industrial Trust during the 1st quarter worth approximately $158,000. Osaic Holdings Inc. raised its position in shares of LXP Industrial Trust by 193.2% in the second quarter. Osaic Holdings Inc. now owns 17,629 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 11,616 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of LXP Industrial Trust in the first quarter worth about $129,000. Finally, Caxton Associates LLP acquired a new position in shares of LXP Industrial Trust in the second quarter worth $128,000. Hedge funds and other institutional investors 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.