LXP Industrial Trust (LXP) 10-Year Financial Performance & Capital Metrics

LXP • • REIT / Real Estate

Real EstateIndustrial REITsIndustrial & Logistics REITsDiversified Industrial Operators

AboutLexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.Show more

Revenue $358M +5.3%
FFO $237M +7.4%
FFO/Share 4.07 +7.3%
FFO Payout 66.62% -3.1%
FFO per Share 4.07 +7.3%
NOI Margin 29.32% +1.3%
FFO Margin 66.23% +2.0%
ROE 2.03% +55.6%
ROA 1.11% +50.4%
Debt/Assets 37.97% -4.3%
Net Debt/EBITDA 5.26 -9.1%
Book Value/Share 36.37 -6.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓FFO growing 43.4% TTM
✓Sustainable FFO payout ratio of 66.6%
✓Healthy dividend yield of 5.4%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.7%
✗Profits declining 30.8% over 5 years
✗Low NOI margin of 29.3%
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.67%

5Y1.92%

3Y1.38%

TTM6.98%

Profit (Net Income) CAGR

10Y-7.11%

5Y-30.76%

3Y-51.18%

TTM351.03%

EPS CAGR

10Y-10.17%

5Y-35.34%

3Y-54.05%

TTM470.79%

ROCE

10Y Avg4.3%

5Y Avg2.96%

3Y Avg1.48%

Latest1.68%

Peer Comparison

Diversified Industrial Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LXPLXP Industrial Trust	2.98B	50.38	77.51	5.27%	32.2%	5.66%	6.49%	0.69
STAGSTAG Industrial, Inc.	6.99B	37.44	36	8.41%	29.26%	6.88%	5.36%	0.87
FRFirst Industrial Realty Trust, Inc.	7.85B	59.31	27.33	8.73%	33.19%	8.64%	4.49%	0.81
ILPTIndustrial Logistics Properties Trust	401.96M	6.03	-4.13	1.14%	-19.87%	-9.69%	0.49%	4.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	430.84M	429.5M	391.64M	395.34M	325.97M	330.45M	344M	321.25M	340.5M	358.46M
Revenue Growth %	0.02%	-0%	-0.09%	0.01%	-0.18%	0.01%	0.04%	-0.07%	0.06%	0.05%
Property Operating Expenses	222.85M	213.4M	223.16M	210.87M	42.02M	41.91M	224.46M	235.44M	241.92M	253.38M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	29.28M	31.1M	34.16M	31.66M	30.79M	30.37M	35.46M	38.81M	36.3M	39.98M
G&A Expenses	29.28M	31.1M	34.16M	31.66M	30.79M	30.37M	35.46M	38.81M	36.33M	40.05M
EBITDA+	345.9M	428.66M	387.21M	395.34M	403.61M	422.42M	260.79M	227.57M	252.96M	257.96M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	167.19M	243.67M	252.89M	242.53M	150.44M	164.26M	176.71M	180.57M	190.68M	192.86M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	178.71M	184.99M	134.32M	152.81M	253.17M	258.16M	84.08M	47M	62.28M	65.1M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	89.74M	88.03M	77.88M	79.88M	65.09M	55.2M	46.71M	45.42M	46.39M	66.48M
Interest Coverage	1.99x	2.10x	1.72x	1.91x	3.89x	4.68x	1.80x	1.03x	1.34x	0.98x
Non-Operating Income	-23.05M	6.66M	-31.91M	-307.31M	147.59M	161.59M	0	0	-19.37M	0
Pretax Income+	112.03M	90.3M	89.39M	230.93M	286.67M	187.97M	386.38M	117.34M	36.63M	42.71M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	568K	1.44M	1.92M	1.73M	1.38M	1.58M	1.29M	1.1M	703K	-127K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	111.7M	95.62M	85.58M	227.41M	279.91M	183.3M	382.65M	113.78M	30.38M	44.53M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.2%	-0.14%	-0.11%	1.66%	0.23%	-0.35%	1.09%	-0.7%	-0.73%	0.47%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	0.07%	0.22%	-0%	0.39%	-0.08%	-0.19%	0.61%	-0.47%	-0.25%	0.07%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	2.25	1.85	1.65	4.70	5.75	3.30	6.70	1.90	0.41	0.65
EPS Growth %	0.18%	-0.18%	-0.11%	1.85%	0.22%	-0.43%	1.03%	-0.72%	-0.79%	0.59%
EPS (Basic)	2.25	1.90	1.65	4.80	5.75	3.30	6.75	1.90	0.41	0.65
Diluted Shares Outstanding	46.75M	47.54M	48.31M	48.16M	47.59M	53.64M	57.47M	56.49M	58.24M	58.31M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.83B	3.44B	3.55B	2.95B	3.18B	3.49B	4.01B	4.05B	4.19B	3.84B
Asset Growth %	0.01%	-0.1%	0.03%	-0.17%	0.08%	0.1%	0.15%	0.01%	0.03%	-0.08%
Real Estate & Other Assets+	2.79B	2.5B	2.76B	2.16B	2.48B	2.93B	3.37B	3.56B	3.39B	3.35B
PP&E (Net)	3.07B	2.79B	3.05B	2.37B	38.13M	31.42M	27.97M	23.99M	19.34M	16.48M
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	318.92M	274.77M	173.2M	303.28M	198.83M	265.81M	340.42M	195.36M	424.52M	189.88M
Cash & Equivalents	93.25M	86.64M	107.76M	168.75M	122.67M	178.79M	190.93M	54.39M	199.25M	101.84M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	35.06M	149.16M	7.22M	72.36M	6.64M	17.16M	82.69M	66.55M	9.38M	237K
Intangible Assets	692.78M	597.29M	599.09M	419.61M	409.76M	209.3M	190.36M	155.16M	251.13M	245.69M
Total Liabilities	2.37B	2.03B	2.21B	1.61B	1.46B	1.5B	1.68B	1.66B	1.93B	1.72B
Total Debt+	2.08B	1.73B	1.94B	1.37B	1.22B	1.25B	1.4B	1.39B	1.66B	1.46B
Net Debt	1.98B	1.65B	1.83B	1.2B	1.1B	1.07B	1.21B	1.33B	1.46B	1.36B
Long-Term Debt	1.9B	1.73B	2.03B	1.37B	1.18B	1.21B	1.37B	1.36B	1.64B	1.44B
Short-Term Borrowings	1000K	1000K	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	39.44M	32.52M	29.09M	25.12M	20.23M	17.11M
Total Current Liabilities+	340.5M	168.38M	303.32M	114.68M	104.12M	128.33M	156.17M	149.68M	136.26M	135.41M
Accounts Payable	41.48M	58.52M	38.64M	30.79M	29.93M	55.21M	77.61M	74.26M	57.98M	57.05M
Deferred Revenue	59.33M	54.62M	49.79M	30.21M	33.87M	30.6M	29.19M	26.67M	26.87M	26.67M
Other Liabilities	284.29M	127.1M	35.94M	127.3M	93.53M	96.9M	127.59M	127.69M	127.79M	127.89M
Total Equity+	1.46B	1.41B	1.34B	1.35B	1.72B	1.99B	2.32B	2.39B	2.27B	2.12B
Equity Growth %	-0.03%	-0.03%	-0.05%	0%	0.28%	0.15%	0.17%	0.03%	-0.05%	-0.06%
Shareholders Equity	1.44B	1.39B	1.32B	1.33B	1.71B	1.97B	2.29B	2.35B	2.23B	2.1B
Minority Interest	22.5M	19.71M	16.93M	16.81M	19.61M	20.47M	32.37M	38.27M	33.37M	22.49M
Common Stock	23K	24K	24K	24K	25K	28K	28K	29K	29K	29K
Additional Paid-in Capital	2.78B	2.8B	2.82B	2.77B	2.98B	3.2B	3.25B	3.32B	3.33B	3.32B
Retained Earnings	-1.43B	-1.5B	-1.59B	-1.54B	-1.36B	-1.3B	-1.05B	-1.08B	-1.2B	-1.32B
Preferred Stock	94.02M	94.02M	94.02M	94.02M	94.02M	94.02M	94.02M	94.02M	94.02M	94.02M
Return on Assets (ROA)	0.03%	0.03%	0.02%	0.07%	0.09%	0.05%	0.1%	0.03%	0.01%	0.01%
Return on Equity (ROE)	0.08%	0.07%	0.06%	0.17%	0.18%	0.1%	0.18%	0.05%	0.01%	0.02%
Debt / Assets	0.54%	0.5%	0.55%	0.46%	0.38%	0.36%	0.35%	0.34%	0.4%	0.38%
Debt / Equity	1.42x	1.23x	1.45x	1.01x	0.71x	0.63x	0.60x	0.58x	0.73x	0.69x
Net Debt / EBITDA	5.73x	3.84x	4.74x	3.03x	2.73x	2.53x	4.63x	5.85x	5.79x	5.26x
Book Value per Share	31.28	29.71	27.76	27.96	36.24	37.12	40.42	42.32	38.90	36.37

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	244.93M	235.27M	227.76M	217.81M	192.18M	201.84M	220.35M	194.27M	209.45M	211.19M
Operating CF Growth %	0.14%	-0.04%	-0.03%	-0.04%	-0.12%	0.05%	0.09%	-0.12%	0.08%	0.01%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	114.89M	96.45M	86.63M	230.91M	285.29M	186.39M	385.09M	116.24M	35.92M	42.84M
Depreciation & Amortization	167.19M	170.04M	177.56M	172.09M	154.09M	168.02M	183.25M	187.4M	190.68M	200.79M
Stock-Based Compensation	8.2M	8.41M	8.33M	6.3M	5.83M	6.18M	6.55M	6.64M	0	0
Other Non-Cash Items	-32.8M	-36.99M	-38.23M	-180.22M	-254.06M	-157.38M	-359.19M	-109.12M	-23.27M	-40.13M
Working Capital Changes	8.72M	-2.67M	1.8M	-4.96M	6.87M	4.8M	11.19M	-251K	6.12M	7.69M
Cash from Investing+	-388.27M	-10.19M	-259.12M	554.89M	-186.97M	-494.35M	-337.76M	-236.92M	-183.45M	86.4M
Acquisitions (Net)	-4.02M	0	6.13M	0	-8.02M	-7.53M	-4.53M	-3.23M	-3.65M	0
Purchase of Investments	-517.83M	-358.8M	-651.74M	-326.17M	-681.36M	-673.25M	-1.05B	-411.96M	-130M	0
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Investing	-359.16M	-5.78M	-250.06M	570.4M	16.12M	11.12M	6.53M	149.59M	-31.87M	38.36M
Cash from Financing+	45.51M	-231.7M	52.48M	-707.61M	-53.16M	342.63M	129.1M	-93.87M	118.96M	-394.98M
Dividends Paid	-164.74M	-165.86M	-172.1M	-175.54M	-122.84M	-118.38M	-128.33M	-142.46M	-151.93M	-158.16M
Common Dividends	-164.74M	-165.86M	-172.1M	-175.54M	-122.84M	-118.38M	-128.33M	-142.46M	-151.93M	-158.16M
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K	-1000K
Share Repurchases	-18.43M	-8.97M	0	-50.03M	-3.6M	-11.04M	0	-130.68M	-2.66M	-2.02M
Other Financing	-51.06M	4.77M	-44.73M	-36.61M	-10.86M	-34.96M	7.08M	-21.41M	-24.71M	-35.87M
Net Change in Cash+	-97.83M	-6.61M	21.13M	65.09M	-47.94M	50.11M	11.61M	-136.52M	144.96M	-97.39M
Exchange Rate Effect	0	0	0	0	0	0	-80K	0	0	0
Cash at Beginning	191.08M	93.25M	86.64M	112.16M	177.25M	129.31M	179.42M	191.03M	54.51M	199.46M
Cash at End	93.25M	86.64M	107.76M	177.25M	129.31M	179.42M	191.03M	54.51M	199.46M	102.07M
Free Cash Flow+	215.82M	230.87M	212.58M	202.31M	174.35M	184.59M	205.14M	161.71M	191.51M	193.41M
FCF Growth %	0.1%	0.07%	-0.08%	-0.05%	-0.14%	0.06%	0.11%	-0.21%	0.18%	0.01%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	5.97	7.14	7.01	9.76	9.04	6.48	9.73	5.21	3.8	4.07
FFO Payout Ratio	59.07%	48.88%	50.85%	37.35%	28.54%	34.06%	22.94%	48.4%	68.73%	66.62%
NOI Margin	48.27%	50.31%	43.02%	46.66%	87.11%	87.32%	34.75%	26.71%	28.95%	29.32%
Net Debt / EBITDA	5.73x	3.84x	4.74x	3.03x	2.73x	2.53x	4.63x	5.85x	5.79x	5.26x
Debt / Assets	54.18%	50.37%	54.65%	46.22%	38.49%	35.68%	34.92%	34.18%	39.67%	37.97%
Interest Coverage	1.99x	2.10x	1.72x	1.91x	3.89x	4.68x	1.80x	1.03x	1.34x	0.98x
Book Value / Share	31.28	29.71	27.76	27.96	36.24	37.12	40.42	42.32	38.9	36.37
Revenue Growth	1.52%	-0.31%	-8.81%	0.94%	-17.55%	1.37%	4.1%	-6.61%	5.99%	5.27%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Investment Advice	1.44M	3.6M	3.03M	2.97M	5.62M	4.34M	4.11M
Investment Advice Growth	-	149.20%	-15.80%	-1.98%	89.18%	-22.76%	-5.35%

Frequently Asked Questions

Valuation & Price

LXP Industrial Trust (LXP) has a price-to-earnings (P/E) ratio of 77.5x. This suggests investors expect higher future growth.

Growth & Financials

LXP Industrial Trust (LXP) reported $364.3M in revenue for fiscal year 2024. This represents a 11% increase from $326.9M in 2011.

LXP Industrial Trust (LXP) grew revenue by 5.3% over the past year. This is steady growth.

Yes, LXP Industrial Trust (LXP) is profitable, generating $117.3M in net income for fiscal year 2024 (12.4% net margin).

Dividend & Returns

Yes, LXP Industrial Trust (LXP) pays a dividend with a yield of 5.38%. This makes it attractive for income-focused investors.

LXP Industrial Trust (LXP) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.

Industry Metrics

LXP Industrial Trust (LXP) generated Funds From Operations (FFO) of $312.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.

LXP Industrial Trust (LXP) offers a 5.38% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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