LXP Industrial Trust (LXP)
Market Price (10/5/2026): $60.94 | Market Cap: $3.5 BilSector: Real Estate | Industry: Diversified REITs
LXP Industrial Trust (LXP)
Market Price (10/5/2026): $60.94Market Cap: $3.5 BilSector: Real EstateIndustry: Diversified REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 4.7% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 50% Low stock price volatilityVol 12M is 21% Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, Automation & Robotics, and Sustainable & Green Buildings. Themes include E-commerce Logistics REITs, Show more. | Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% Weak multi-year price returns3Y Excs Rtn is -20% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2% Key risksLXP key risks include [1] anticipated lower tenant retention for 2025 as existing leases are below current market rates, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 4.7% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 55%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 50% |
| Low stock price volatilityVol 12M is 21% |
| Megatrend and thematic driversMegatrends include E-commerce Logistics & Data Centers, Automation & Robotics, and Sustainable & Green Buildings. Themes include E-commerce Logistics REITs, Show more. |
| Trading close to highsDist 52W High is -0.3%, Dist 3Y High is -0.3% |
| Weak multi-year price returns3Y Excs Rtn is -20% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2% |
| Key risksLXP key risks include [1] anticipated lower tenant retention for 2025 as existing leases are below current market rates, Show more. |
Qualitative Assessment
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LXP Industrial Trust (LXP) stock has gained about 15% since 6/30/2026 because of the following key factors:
1. Definitive Merger Agreement Announced.
LXP Industrial Trust entered into a definitive merger agreement on July 19, 2026, to be acquired by affiliates of Brookfield Asset Management and Canada Pension Plan Investment Board for $61.20 per share in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. This acquisition price represented a significant premium for shareholders, specifically a 12.3% premium to LXP's 30-day volume-weighted average price (VWAP) and a 19.8% premium to its 90-day VWAP, for the period ended July 17, 2026. The Board of Trustees unanimously approved the transaction, which is expected to close in fiscal Q4 2026, providing a clear upside for the stock.
2. Strong Fiscal Q2 2026 Earnings Exceeded Analyst Expectations.
LXP reported robust financial results for fiscal Q2 2026 (ended June 30, 2026) on July 29, 2026. The company generated Adjusted Company Funds From Operations (FFO) of $0.84 per diluted common share, surpassing the consensus analyst estimate of $0.83 by $0.01. This represented a 5.0% increase from $0.80 per diluted common share in fiscal Q2 2025. Total gross revenues also exceeded analyst estimates, reaching $88.1 million against expectations of $85.37 million, primarily driven by acquisitions and increased rental revenue. Furthermore, LXP's stabilized portfolio maintained a high occupancy rate of 97.4% as of June 30, 2026, and new and extended second-generation leases executed during the quarter saw Base and Cash Base Rents increase by 38.3% and 22.6%, respectively.
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LXP Industrial Trust (LXP) stock has gained about 15% since 6/30/2026 because of the following key factors:
1. Definitive Merger Agreement Announced.
LXP Industrial Trust entered into a definitive merger agreement on July 19, 2026, to be acquired by affiliates of Brookfield Asset Management and Canada Pension Plan Investment Board for $61.20 per share in an all-cash transaction valued at approximately $5.2 billion, including net debt and preferred equity. This acquisition price represented a significant premium for shareholders, specifically a 12.3% premium to LXP's 30-day volume-weighted average price (VWAP) and a 19.8% premium to its 90-day VWAP, for the period ended July 17, 2026. The Board of Trustees unanimously approved the transaction, which is expected to close in fiscal Q4 2026, providing a clear upside for the stock.
2. Strong Fiscal Q2 2026 Earnings Exceeded Analyst Expectations.
LXP reported robust financial results for fiscal Q2 2026 (ended June 30, 2026) on July 29, 2026. The company generated Adjusted Company Funds From Operations (FFO) of $0.84 per diluted common share, surpassing the consensus analyst estimate of $0.83 by $0.01. This represented a 5.0% increase from $0.80 per diluted common share in fiscal Q2 2025. Total gross revenues also exceeded analyst estimates, reaching $88.1 million against expectations of $85.37 million, primarily driven by acquisitions and increased rental revenue. Furthermore, LXP's stabilized portfolio maintained a high occupancy rate of 97.4% as of June 30, 2026, and new and extended second-generation leases executed during the quarter saw Base and Cash Base Rents increase by 38.3% and 22.6%, respectively.
3. Favorable Industrial Real Estate Market Dynamics.
The broader industrial real estate sector continued to exhibit strong fundamentals during fiscal Q3 2026, supporting LXP's performance. Demand for logistics and warehouse assets remained high, fueled by ongoing e-commerce growth, the expansion of advanced manufacturing, and increasing needs from data center supply chains. This robust demand, coupled with a moderating supply in key markets, contributed to favorable pricing power and rent growth across the industrial REIT sector. Industry forecasts predicted a 5% year-over-year increase in industrial leasing activity for 2026, with a significant portion attributed to lease renewals and a "flight to quality" by tenants, further bolstering the value of well-located, modern industrial properties like those in LXP's portfolio.
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Stock Movement Drivers
Fundamental Drivers
The 13.1% change in LXP stock from 6/30/2026 to 10/4/2026 was primarily driven by a 63.6% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.88 | 60.95 | 13.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 347 | 348 | 0.1% |
| Net Income Margin (%) | 27.0% | 18.7% | -31.0% |
| P/E Multiple | 33.4 | 54.6 | 63.6% |
| Shares Outstanding (Mil) | 58 | 58 | 0.1% |
| Cumulative Contribution | 13.1% |
Market Drivers
6/30/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| LXP | 13.1% | |
| Market (SPY) | 3.1% | -1.6% |
| Sector (XLRE) | -7.3% | 35.4% |
Fundamental Drivers
The 33.4% change in LXP stock from 3/31/2026 to 10/4/2026 was primarily driven by a 131.5% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.67 | 60.95 | 33.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 350 | 348 | -0.7% |
| Net Income Margin (%) | 32.3% | 18.7% | -42.3% |
| P/E Multiple | 23.6 | 54.6 | 131.5% |
| Shares Outstanding (Mil) | 58 | 58 | 0.6% |
| Cumulative Contribution | 33.4% |
Market Drivers
3/31/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| LXP | 33.4% | |
| Market (SPY) | 18.6% | 13.7% |
| Sector (XLRE) | 0.8% | 59.8% |
Fundamental Drivers
The 41.9% change in LXP stock from 9/30/2025 to 10/4/2026 was primarily driven by a 90.4% change in the company's P/E Multiple.| (LTM values as of) | 9302025 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.96 | 60.95 | 41.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 363 | 348 | -4.2% |
| Net Income Margin (%) | 24.1% | 18.7% | -22.6% |
| P/E Multiple | 28.7 | 54.6 | 90.4% |
| Shares Outstanding (Mil) | 58 | 58 | 0.5% |
| Cumulative Contribution | 41.9% |
Market Drivers
9/30/2025 to 10/4/2026| Return | Correlation | |
|---|---|---|
| LXP | 41.9% | |
| Market (SPY) | 16.5% | 23.3% |
| Sector (XLRE) | -0.6% | 49.2% |
Fundamental Drivers
The 60.8% change in LXP stock from 9/30/2023 to 10/4/2026 was primarily driven by a 61.3% change in the company's P/E Multiple.| (LTM values as of) | 9302023 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.90 | 60.95 | 60.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 333 | 348 | 4.3% |
| Net Income Margin (%) | 19.5% | 18.7% | -4.3% |
| P/E Multiple | 33.8 | 54.6 | 61.3% |
| Shares Outstanding (Mil) | 58 | 58 | -0.1% |
| Cumulative Contribution | 60.8% |
Market Drivers
9/30/2023 to 10/4/2026| Return | Correlation | |
|---|---|---|
| LXP | 60.8% | |
| Market (SPY) | 86.2% | 43.1% |
| Sector (XLRE) | 31.6% | 67.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LXP Return | 52% | -33% | 4% | -13% | 30% | 26% | 52% |
| Peers Return | 52% | -15% | -1% | 21% | -4% | 11% | 65% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| LXP Win Rate | 75% | 42% | 50% | 42% | 67% | 78% | |
| Peers Win Rate | 68% | 42% | 43% | 60% | 52% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| LXP Max Drawdown | -9% | -44% | -31% | -21% | -20% | -11% | |
| Peers Max Drawdown | -11% | -31% | -28% | -12% | -20% | -14% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: WPC, CTO, GOOD, OLP, EPRT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)
How Low Can It Go
| Event | LXP | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -14.1% | -18.8% |
| % Gain to Breakeven | 16.5% | 23.1% |
| Time to Breakeven | 41 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.8% | -9.5% |
| % Gain to Breakeven | 33.0% | 10.5% |
| Time to Breakeven | 263 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.2% | -6.7% |
| % Gain to Breakeven | 23.7% | 7.1% |
| Time to Breakeven | 950 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.9% | -24.5% |
| % Gain to Breakeven | 72.2% | 32.4% |
| Time to Breakeven | 1392 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.3% | -33.7% |
| % Gain to Breakeven | 41.5% | 50.9% |
| Time to Breakeven | 127 days | 140 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -11.2% | -3.7% |
| % Gain to Breakeven | 12.6% | 3.9% |
| Time to Breakeven | 26 days | 6 days |
In The Past
LXP Industrial Trust's stock fell -14.1% during the 2025 US Tariff Shock. Such a loss loss requires a 16.5% gain to breakeven.
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| Event | LXP | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -24.8% | -9.5% |
| % Gain to Breakeven | 33.0% | 10.5% |
| Time to Breakeven | 263 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.9% | -24.5% |
| % Gain to Breakeven | 72.2% | 32.4% |
| Time to Breakeven | 1392 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.3% | -33.7% |
| % Gain to Breakeven | 41.5% | 50.9% |
| Time to Breakeven | 127 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.2% | -12.2% |
| % Gain to Breakeven | 30.2% | 13.9% |
| Time to Breakeven | 35 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -32.1% | -6.8% |
| % Gain to Breakeven | 47.4% | 7.3% |
| Time to Breakeven | 111 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.8% | -17.9% |
| % Gain to Breakeven | 51.1% | 21.8% |
| Time to Breakeven | 122 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -28.8% | -15.4% |
| % Gain to Breakeven | 40.4% | 18.2% |
| Time to Breakeven | 111 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -85.1% | -53.4% |
| % Gain to Breakeven | 571.0% | 114.4% |
| Time to Breakeven | 1278 days | 1085 days |
In The Past
LXP Industrial Trust's stock fell -14.1% during the 2025 US Tariff Shock. Such a loss loss requires a 16.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About LXP Industrial Trust (LXP)
LXP Industrial Trust (LXP) is a real estate investment trust (REIT) that specializes in owning, managing, and expanding a portfolio of industrial properties across the United States. As a publicly traded REIT, it allows investors to gain exposure to the industrial real estate sector.
The company's main business involves acquiring and developing industrial real estate assets, focusing primarily on single-tenant net-leased industrial properties. This means LXP leases its properties to a single business tenant under agreements where the tenant is typically responsible for most property expenses, such as taxes, insurance, and maintenance. LXP expands its portfolio through various strategies, including developing properties tailored to a tenant's specific needs (build-to-suit transactions), purchasing properties from companies and leasing them back to the same company (sale-leaseback transactions), and outright acquisitions.
LXP Industrial Trust's primary customers are businesses across a wide range of industries that require large-scale industrial facilities for their operations. These tenants utilize the properties for purposes such as manufacturing, warehousing, distribution, and logistics. The company serves the industrial real estate market throughout the United States, providing essential infrastructure to support the supply chains and operational needs of various enterprises.
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Here are two brief analogies to describe LXP Industrial Trust:
The landlord for the vast industrial warehouses and distribution centers that companies like Amazon and FedEx rely on.
It's like American Tower, but instead of cell towers for telecom companies, LXP owns the essential industrial buildings for logistics and e-commerce businesses.
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Major Services of LXP Industrial Trust (LXP)
- Industrial Property Leasing: Provides single-tenant industrial facilities for lease to various businesses across the United States.
- Build-to-Suit Development: Develops custom industrial properties tailored to a tenant's specific operational requirements, which are then leased to the tenant.
- Sale-Leaseback Transactions: Acquires industrial properties from companies and leases them back to the original owner, providing capital to the selling company while securing a long-term tenant.
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LXP Industrial Trust (LXP) sells primarily to other companies, which lease its industrial properties. Based on its investor materials, the major customers (tenants) by annualized base rent (ABR) include:
- Trane Technologies Inc. (NYSE: TT)
- Amazon.com, Inc. (NASDAQ: AMZN)
- Nucor Corporation (NYSE: NUE)
- The Coca-Cola Company (NYSE: KO)
- Kimberly-Clark Corporation (NYSE: KMB)
- Boral Industries Inc. (Private company)
- The Chemours Company (NYSE: CC)
- Cardinal Health, Inc. (NYSE: CAH)
- Raytheon Technologies Corporation (NYSE: RTX)
- The Sherwin-Williams Company (NYSE: SHW)
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T. Wilson Eglin, Chairman, Chief Executive Officer and President
T. Wilson Eglin has served as CEO of LXP Industrial Trust (formerly Lexington Realty Trust) since January 2003 and President since April 1996. He was also Chief Operating Officer from October 1993 to December 2010 and an Executive Vice President from 1993 to 1996. LXP Industrial Trust was founded in 1993 with Eglin as CEO. He is credited as the chief architect of LXP's transition from a diversified net-lease REIT to an industrial-focused REIT. Early in the company's history, LXP had significant private real estate fund investments, with Apollo Real Estate Investment Fund emerging as a pivotal backer in the late 1990s.
Nathan Brunner, Executive Vice President, Chief Financial Officer, and Treasurer
Nathan Brunner was appointed Executive Vice President, Chief Financial Officer, and Treasurer of LXP Industrial Trust, effective March 1, 2025. He joined the Trust in September 2024 as Executive Vice President of Capital Markets. Before joining LXP, Mr. Brunner spent approximately 14 years as an investment banker at J.P. Morgan, where he most recently served as Managing Director in the Real Estate Investment Banking group. His expertise includes mergers and acquisitions (M&A) and corporate finance.
Joseph S. Bonventre, Executive Vice President, Chief Operating Officer, General Counsel, and Secretary
Brendan P. Mullinix, Executive Vice President and Chief Investment Officer
James Dudley, Executive Vice President and Director of Asset Management
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Tenant Concentration and Lease Defaults: LXP Industrial Trust primarily invests in single-tenant net-leased industrial properties. This business model exposes the company to significant risk if a major tenant experiences financial difficulties or defaults on its lease, which could lead to a substantial reduction in operating cash flow and a decrease in the property's value.
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Interest Rate and Broader Economic/Market Risks: As a real estate investment trust (REIT), LXP is sensitive to fluctuations in interest rates and overall economic conditions. Rising interest rates can increase the company's borrowing costs, impact property valuations, and potentially reduce the market price of its shares. Economic downturns can also lead to higher vacancy rates, reduced rental income, and competitive pressures on property values and rental rates.
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Development and Capital Recycling Risks: LXP is increasingly focusing on development activities, including build-to-suit and speculative development projects, to achieve higher yields. These development activities inherently carry risks such as cost overruns, construction delays, and the potential for projects to be unsuccessful or not lease up as expected, which can negatively affect the company's cash flow and liquidity. Additionally, the company's strategy of capital recycling (selling older or non-core assets to fund new investments) is subject to market conditions and execution risks.
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A clear emerging threat for LXP Industrial Trust is the increasing potential for oversupply in key industrial real estate markets. After a period of robust demand and development, particularly fueled by e-commerce, new construction is now outpacing tenant demand in some regions. This trend is leading to rising vacancy rates and moderating rent growth, which could impact LXP's ability to maintain high occupancy levels, achieve strong rent increases, and sustain property valuations.
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The addressable market for LXP Industrial Trust, which focuses on equity investments in single-tenant net-leased industrial properties, can be measured by the investment sales volume within this sector. In 2025, the estimated total investment sales volume for single-tenant industrial properties in the U.S. was approximately $25.35 billion.
Specifically, the first quarter of 2025 saw $4.6 billion in single-tenant industrial net lease sales. The second quarter of 2025 recorded more than $5.4 billion in investment sales for the single-tenant industrial sector. In the fourth quarter of 2025, investment sales in the single-tenant industrial sector reached $8.8 billion. Based on the fourth-quarter figure, which improved by 34.4% from the third quarter, the estimated sales for the third quarter of 2025 would be approximately $6.55 billion.
The market size described is for the United States.
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Expected Drivers of Future Revenue Growth for LXP Industrial Trust (LXP)
LXP Industrial Trust, a real estate investment trust specializing in Class A warehouse and distribution properties, is expected to drive future revenue growth over the next 2-3 years through several key strategies:
- Organic Rent Growth from Lease Escalations and Mark-to-Market Opportunities: LXP benefits from embedded rent escalators in a significant portion of its leases and the ability to achieve substantial rent increases upon renewing or re-leasing expiring space. For example, the company reported strong base and cash rental increases of approximately 46% and 40%, respectively, on leases executed in 2024, and its average annual escalators trended upward to 2.8% at year-end 2024. Analysts also highlight the potential for rent mark-ups exceeding 30% on nearing lease expirations, contributing to future income growth.
- Strategic Development of Class A Industrial Properties: LXP actively pursues development activities, particularly build-to-suit projects, which typically offer higher yields. The company has a demonstrated history of committing to new industrial facility construction, such as a 250,000 square foot project in the Columbus, Ohio market. LXP's 2023 development program invested $122 million, placing 1.4 million square feet into service with a 6.8% stabilized yield.
- Expansion in High-Growth Sunbelt and Lower Midwest Markets: The company strategically focuses on 12 growing markets within the Sunbelt and Lower Midwest regions. These markets are chosen due to favorable long-term demographic trends, advanced manufacturing investments, business-friendly regulatory environments, and robust logistics infrastructure. This regional concentration aligns with market trends favoring these areas for industrial real estate development, positioning LXP to capitalize on sustained tenant demand, including from e-commerce logistics.
- Opportunistic Acquisitions to Enhance Portfolio Quality: While prioritizing development for higher yields, LXP continues to engage in acquisitions to expand its industrial portfolio. The company has reinvested proceeds from asset sales into Class A industrial assets and build-to-suit projects in its target Sunbelt markets. This capital recycling strategy supports development activities and enhances the overall quality of its property portfolio.
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Share Repurchases
- In December 2025 and January 2026, LXP Industrial Trust repurchased and retired approximately 277,000 common shares for an average price of $49.47 per share, totaling over $13.7 million.
- The company completed a long-running share repurchase program, retiring 23,207,370 shares for a total of $223.45 million.
- As of December 31, 2024, 6.9 million common shares remained available for repurchase under an authorization made in August 2022. No common shares were repurchased during 2024 and 2023.
Share Issuance
- LXP Industrial Trust did not sell shares under its At-The-Market (ATM) program in 2024 and 2023, nor did it issue common shares as part of an underwritten offering in those years.
- During 2024, 2023, and 2022, the company issued fully vested common shares to non-management members of the Board of Trustees with fair values of $900,000, $939,000, and $849,000, respectively.
Outbound Investments
- In 2025, LXP Industrial Trust disposed of 11 warehouse facilities for gross proceeds of $389.1 million, including two vacant development projects sold for $175 million.
- In the fourth quarter of 2025, the company acquired one warehouse facility in the Atlanta, Georgia market for $30 million.
- LXP Industrial Trust plans to prioritize development activities, including build-to-suit projects, over acquisitions due to higher yields, focusing on speculative development in favorable markets.
Capital Expenditures
- Capitalized interest expense related to development projects, included in investments in real estate under construction, amounted to $3.884 million in 2024, $11.059 million in 2023, and $7.235 million in 2022.
- In the fourth quarter of 2025, LXP Industrial Trust commenced redevelopment of two warehouse facilities in the Central Florida and Richmond, Virginia markets, totaling 603,000 square feet.
- The company's strategy includes partnering with merchant builders for build-to-suit projects and speculative development properties.
Peer Outperformance in Diversified REITs
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care REITs | 15 | 12.2% | 55.3% | 66.2% | WELL 214% · DHC 142% · CTRE 132% |
| Retail REITs | 22 | 7.3% | 38.3% | 27.9% | IVT 1496% · SKT 161% · SPG 99% |
| Other Specialized REITs | 11 | 3.5% | 21.2% | 20.7% | IRM 210% · LAMR 60% · EPR 56% |
| Real Estate Development | 6 | -16.2% | 16.7% | 12.7% | JOE 58% · AXR 40% · FOR 33% |
| Hotel & Resort REITs | 16 | 40.4% | 37.3% | 4.4% | HST 74% · RHP 69% · DRH 50% |
| Industrial REITs | 11 | 5.7% | 24.0% | 1.0% | EGP 34% · FR 29% · PLD 18% |
| Diversified REITs ← | 13 | 7.5% | 38.5% | -7.6% | CTO 71% · LXP 20% · WPC 18% |
| Single-Family Residential REITs | 4 | -4.9% | -0.1% | -17.0% | AMH -9% · ELS -15% · INVH -19% |
| Multi-Family Residential REITs | 13 | -8.0% | 4.3% | -24.0% | ESS -1% · BRT -7% · AIV -11% |
| Real Estate Services | 26 | -21.9% | -6.1% | -28.8% | REAX 792% · MDRR 541% · CHCI 296% |
| Office REITs | 18 | -14.4% | 29.3% | -33.7% | PSTL 71% · CDP 51% · HIW -5% |
| Telecom Tower REITs | 3 | -15.4% | -11.8% | -47.9% | AMT -28% · SBAC -48% · CCI -51% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 23.97 |
| Mkt Cap | 2.1 |
| Rev LTM | 259 |
| Op Inc LTM | 58 |
| FCF LTM | 122 |
| FCF 3Y Avg | 126 |
| CFO LTM | 132 |
| CFO 3Y Avg | 136 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.1% |
| Rev Chg 3Y Avg | 3.7% |
| Rev Chg Q | 10.6% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 16.7% |
| Op Inc Chg 3Y Avg | 8.7% |
| Op Mgn LTM | 36.2% |
| Op Mgn 3Y Avg | 35.9% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 49.8% |
| CFO/Rev 3Y Avg | 51.1% |
| FCF/Rev LTM | 47.1% |
| FCF/Rev 3Y Avg | 48.3% |
Price Behavior
| Market Price | $60.95 | |
| Market Cap ($ Bil) | 3.5 | |
| First Trading Date | 10/22/1993 | |
| Distance from 52W High | -0.3% | |
| 50 Days | 200 Days | |
| DMA Price | $60.79 | $52.68 |
| DMA Trend | up | up |
| Distance from DMA | 0.3% | 15.7% |
| 3M | 1YR | |
| Volatility | 13.1% | 20.8% |
| Downside Capture | -34.77 | 11.06 |
| Upside Capture | 19.19 | 44.66 |
| Correlation (SPY) | -0.4% | 23.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.02 | 0.01 | -0.01 | 0.21 | 0.38 | 0.66 |
| Up Beta | 0.18 | 0.01 | -0.06 | 0.39 | 0.47 | 0.69 |
| Down Beta | -0.09 | -0.09 | 0.43 | 0.15 | 0.48 | 0.65 |
| Up Capture | -1% | 4% | 18% | 40% | 40% | 35% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 14 | 26 | 39 | 74 | 140 | 382 |
| Down Capture | -7% | -2% | -60% | -29% | 15% | 84% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 7 | 15 | 23 | 49 | 105 | 340 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LXP | |
|---|---|---|---|---|
| LXP | 35.3% | 20.7% | 1.35 | - |
| Sector ETF (XLRE) | -0.6% | 14.1% | -0.28 | 50.5% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 23.4% |
| Gold (GLD) | 6.8% | 29.6% | 0.22 | 12.1% |
| Commodities (DBC) | 44.9% | 20.8% | 1.67 | -15.2% |
| Real Estate (VNQ) | 1.5% | 13.6% | -0.15 | 55.0% |
| Bitcoin (BTCUSD) | -28.9% | 44.3% | -0.64 | 4.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LXP | |
|---|---|---|---|---|
| LXP | 4.2% | 25.3% | 0.14 | - |
| Sector ETF (XLRE) | 0.9% | 19.1% | -0.06 | 68.7% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 49.8% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 11.9% |
| Commodities (DBC) | 10.3% | 19.6% | 0.41 | 6.4% |
| Real Estate (VNQ) | 0.7% | 18.8% | -0.07 | 71.7% |
| Bitcoin (BTCUSD) | 14.6% | 52.2% | 0.45 | 22.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LXP | |
|---|---|---|---|---|
| LXP | 7.1% | 25.9% | 0.28 | - |
| Sector ETF (XLRE) | 5.6% | 20.4% | 0.23 | 74.8% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 56.5% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | 10.9% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 15.6% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 77.9% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | 15.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 8/31/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -0.3% | -0.5% | 0.2% |
| 4/29/2026 | -1.7% | 1.5% | 2.7% |
| 2/12/2026 | -1.2% | 0.1% | -0.9% |
| 10/30/2025 | -2.6% | -2.6% | -0.1% |
| 7/30/2025 | -1.5% | 1.0% | 15.2% |
| 5/1/2025 | 1.9% | 1.1% | 7.5% |
| 2/13/2025 | -0.7% | 0.9% | 7.3% |
| 11/6/2024 | -1.5% | -2.1% | -6.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 15 |
| # Negative | 14 | 10 | 10 |
| Median Positive | 1.4% | 2.1% | 5.5% |
| Median Negative | -1.3% | -2.3% | -2.2% |
| Max Positive | 2.6% | 8.0% | 15.2% |
| Max Negative | -5.4% | -12.0% | -11.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/29/2026 | -0.3% | -0.5% | 0.2% |
| 4/29/2026 | -1.7% | 1.5% | 2.7% |
| 2/12/2026 | -1.2% | 0.1% | -0.9% |
| 10/30/2025 | -2.6% | -2.6% | -0.1% |
| 7/30/2025 | -1.5% | 1.0% | 15.2% |
| 5/1/2025 | 1.9% | 1.1% | 7.5% |
| 2/13/2025 | -0.7% | 0.9% | 7.3% |
| 11/6/2024 | -1.5% | -2.1% | -6.1% |
| 7/31/2024 | -2.0% | -6.4% | -0.3% |
| 5/2/2024 | 1.4% | 2.1% | -1.7% |
| 2/15/2024 | -1.4% | -1.3% | 2.3% |
| 10/31/2023 | 0.8% | 4.7% | 11.0% |
| 8/2/2023 | -0.7% | -0.1% | -1.5% |
| 5/4/2023 | 1.6% | 2.6% | 9.4% |
| 2/17/2023 | -0.2% | -6.8% | -11.8% |
| 11/4/2022 | 2.4% | 4.4% | 1.3% |
| 8/5/2022 | 1.3% | 3.9% | -5.3% |
| 5/5/2022 | -5.4% | -12.0% | -10.5% |
| 2/25/2022 | 2.6% | 2.4% | 2.9% |
| 11/5/2021 | 2.1% | 2.9% | 5.5% |
| 8/6/2021 | 0.3% | 0.7% | 5.6% |
| 5/7/2021 | -0.4% | -4.0% | 2.1% |
| 2/19/2021 | 1.0% | 2.1% | 2.6% |
| 11/6/2020 | 1.4% | 8.0% | 6.9% |
| 8/14/2020 | -0.3% | -0.7% | -2.6% |
| SUMMARY STATS | |||
| # Positive | 11 | 15 | 15 |
| # Negative | 14 | 10 | 10 |
| Median Positive | 1.4% | 2.1% | 5.5% |
| Median Negative | -1.3% | -2.3% | -2.2% |
| Max Positive | 2.6% | 8.0% | 15.2% |
| Max Negative | -5.4% | -12.0% | -11.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/29/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/12/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/30/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/15/2024 | 10-K |
| 09/30/2023 | 10/31/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 02/16/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/18/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/20/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
Investor Activity (13F)
Updated Oct 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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