Lexington Realty Trust is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and other transactions, including acquisitions.

Company profile
Ticker
LXP, LXP+C
Exchange
Website
CEO
T. Wilson Eglin
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
LEXINGTON CORPORATE PROPERTIES INC, LEXINGTON CORPORATE PROPERTIES TRUST, LEXINGTON REALTY TRUST
SEC CIK
Corporate docs
Subsidiaries
ACQUIPORT WINCHESTER LLC • ATL FAIRBURN JV, LLC • BSH LESSEE GP LLC • CHADAN MANAGER LLC • CTO ASSOCIATES LIMITED PARTNERSHIP • ETNA PARK 70 EAST, LLC • GENERAL CLARK STREET ASSOCIATES III, LLC • HANCOCK 13 RRL, LLC • HANCOCK 14 RRL, LLC • LEGACYPARK DISTRIBUTION NO. 2, LLC ...
IRS number
133717318
LXP stock data
News

5 Value Stocks In The Real Estate Sector
8 Aug 22
Lexington Realty Q2 EPS $0.17 Down From $0.18 YoY
4 Aug 22
Earnings Scheduled For August 4, 2022
4 Aug 22
5 Value Stocks To Watch In The Real Estate Sector
25 Jul 22
Jefferies Maintains Buy on LXP Industrial Trust, Lowers Price Target to $14
30 Jun 22
Press releases
LXP Industrial Trust Reports Second Quarter 2022 Results
4 Aug 22
LXP Industrial Trust Appoints Derrick Johnson to Board of Trustees
21 Jul 22
LXP Industrial Trust to Report Second Quarter 2022 Results and Host Conference Call August 4, 2022
19 Jul 22
LXP Industrial Trust Announces Quarterly Common Share Dividend
15 Jun 22
Analyst ratings and price targets
Calendar
4 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 49.93M | 49.93M | 49.93M | 49.93M | 49.93M | 49.93M |
Cash burn (monthly) | (no burn) | 12.27M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 20.22M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 29.7M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 2.4 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jul 22 | Derrick L Johnson | Common Shares | Grant | Acquire A | No | No | 10.58 | 4,750 | 50.26K | 4,750 |
6 Jul 22 | Frary Richard | Common Shares | Grant | Acquire A | No | No | 12.026 | 2,494 | 29.99K | 146,100.498 |
6 Jul 22 | Handwerker Jamie | Common Shares | Grant | Acquire A | No | No | 12.026 | 2,494 | 29.99K | 76,465 |
6 Jul 22 | Koeneman Claire A | Common Shares | Grant | Acquire A | No | No | 12.026 | 2,494 | 29.99K | 83,406 |
Institutional ownership, Q2 2022
96.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 280 |
Opened positions | 37 |
Closed positions | 49 |
Increased positions | 97 |
Reduced positions | 96 |
13F shares | Current |
---|---|
Total value | 2.91B |
Total shares | 270.43M |
Total puts | 0 |
Total calls | 16.4K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 52.97M | $568.86M |
Vanguard | 45.97M | $493.76M |
FMR | 39.37M | $422.78M |
STT State Street | 17.51M | $190.08M |
MCQEF Macquarie | 11.35M | $121.91M |
Long Pond Capital | 9.07M | $97.42M |
Geode Capital Management | 5.64M | $60.57M |
Dimensional Fund Advisors | 5.16M | $55.38M |
JPM JPMorgan Chase & Co. | 4.41M | $47.37M |
NTRS Northern Trust | 4.06M | $43.55M |
Financial report summary
?Risks
- Our assets may be subject to impairment charges.
- A significant portion of our leases are long-term and do not have fair market rental rate adjustments, which could negatively impact our income and reduce the amount of funds available to make distributions to shareholders.
- Covenants in certain of the agreements governing our debt could adversely affect our financial condition, investment activities and/or operating activities.
- There are certain limitations on a third party's ability to acquire us or effectuate a change in our control.
- Limits on ownership of our capital shares may have the effect of delaying, deferring or preventing someone from taking control of us.
Management Discussion
- Three months ended June 30, 2022 compared with three months ended June 30, 2021. The decrease in net income attributable to common shareholders of $31.3 million was primarily due to the items discussed below.
- The decrease in total gross revenues of $1.8 million was primarily due to a decrease in termination income of $0.9 million recognized during the three months ended June 30, 2021. In addition, property sales, including the recapitalization of our special purpose industrial portfolio now owned in a non-consolidated joint venture, contributed to the decrease, which was partially offset by revenue from recently acquired properties and an increase in advisory fees.
- The increase in depreciation and amortization expense of $2.1 million was primarily due to acquisition activity.
Content analysis
?Positive | ||
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Legalese | ||
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Readability |
H.S. sophomore Avg
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New words:
advisory, AZ, derecognized, FL, margin, modification, plan, predominantly, profit, prudent, SOFR, Tampa, trustee
Removed:
achieved, earned, force, grant, met, relief
Financial reports
Current reports
8-K
LXP Industrial Trust Reports Second Quarter 2022 Results
5 Aug 22
8-K
Departure of Directors or Certain Officers
25 Jul 22
8-K
2022 Q3
Termination of a Material Definitive Agreement
11 Jul 22
8-K
Entry into a Material Definitive Agreement
17 Jun 22
8-K
Departure of Directors or Certain Officers
26 May 22
8-K
Entry into a Material Definitive Agreement
12 May 22
8-K
LXP Industrial Trust Reports First Quarter 2022 Results
5 May 22
8-K
Other Events
13 Apr 22
8-K
LXP Industrial Trust Suspends Strategic Alternatives Process
8 Apr 22
8-K
LXP Industrial Trust Appoints Arun Gupta to Board of Trustees
1 Apr 22
Registration and prospectus
S-8
Registration of securities for employees
5 Jul 22
S-8 POS
Registration of securities for employees (post-effective amendment)
5 Jul 22
424B5
Prospectus supplement for primary offering
18 Aug 21
FWP
Free writing prospectus
16 Aug 21
424B5
Prospectus supplement for primary offering
16 Aug 21
424B5
Prospectus supplement for primary offering
12 May 21
424B5
Prospectus supplement for primary offering
10 May 21
424B5
Prospectus supplement for primary offering
21 Feb 21
S-3ASR
Automatic shelf registration
19 Feb 21
S-3ASR
Automatic shelf registration
19 Feb 21
Proxies
DEFA14A
Additional proxy soliciting materials
13 Apr 22
DEFA14A
Additional proxy soliciting materials
11 Apr 22
DEFC14A
Proxy in contested situation
11 Apr 22
PREC14A
Preliminary proxy with contested solicitation
4 Apr 22
PRE 14A
Preliminary proxy
1 Apr 22
DEFA14A
Additional proxy soliciting materials
1 Apr 22
DFAN14A
Additional proxy materials by non-management
24 Feb 22
DFAN14A
Additional proxy materials by non-management
8 Dec 21
DEFA14A
Additional proxy soliciting materials
6 Dec 21
DFAN14A
Additional proxy materials by non-management
6 Dec 21
Other
UPLOAD
Letter from SEC
6 Aug 18
CORRESP
Correspondence with SEC
5 Aug 18
UPLOAD
Letter from SEC
22 Jul 18
UPLOAD
Letter from SEC
1 Sep 16
CORRESP
Correspondence with SEC
4 Aug 16
UPLOAD
Letter from SEC
25 Jul 16
UPLOAD
Letter from SEC
26 Jul 15
CORRESP
Correspondence with SEC
15 Jul 15
UPLOAD
Letter from SEC
1 Jul 15
NO ACT
No action letter
19 Feb 15
Ownership
4
LXP Industrial Trust / Derrick L Johnson ownership change
25 Jul 22
3
LXP Industrial Trust / Derrick L Johnson ownership change
25 Jul 22
4
LXP Industrial Trust / Lawrence L Gray ownership change
8 Jul 22
4
LXP Industrial Trust / Nancy Elizabeth Noe ownership change
8 Jul 22
4
LXP Industrial Trust / Arun Gupta ownership change
8 Jul 22
4
LXP Industrial Trust / Howard Stewart Roth ownership change
8 Jul 22
4
LXP Industrial Trust / Claire A Koeneman ownership change
8 Jul 22
4
LXP Industrial Trust / Jamie Handwerker ownership change
8 Jul 22
4
LXP Industrial Trust / RICHARD FRARY ownership change
8 Jul 22
4
LXP Industrial Trust / Jamie Handwerker ownership change
15 Jun 22
Transcripts
2022 Q2
Earnings call transcript
4 Aug 22
2022 Q1
Earnings call transcript
5 May 22
2021 Q4
Earnings call transcript
24 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
5 Aug 21
2021 Q1
Earnings call transcript
7 May 21
2020 Q4
Earnings call transcript
18 Feb 21
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
6 Aug 20
2020 Q1
Earnings call transcript
7 May 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
Dividends for future income
30 Jun 22
Daily Discussion Thread - June 29th, 2022
29 Jun 22
Daily Discussion Thread - June 28th, 2022
28 Jun 22
Daily Discussion Thread - June 27th, 2022
27 Jun 22
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
Pre-market summary - April 13th
13 Apr 22
Daily Discussion Thread - March 30th, 2022
30 Mar 22
Daily Discussion Thread - March 29th, 2022
29 Mar 22