LXP Industrial Trust (LXP)

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

NYSE

Website

www.lxp.com

CEO

T. Wilson Eglin

Incorporated

Maryland

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • VEREIT • Prologis • Vornado Realty Trust • Vornado Realty • Welltower • Healthpeak Properties • Erp Operating LTD Partnership ...

Former names

LEXINGTON CORPORATE PROPERTIES INC, LEXINGTON CORPORATE PROPERTIES TRUST, LEXINGTON REALTY TRUST

SEC CIK

0000910108

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

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

Lexington Realty (NYSE:LXP) reported quarterly earnings of $0.17 per share. This is a 5.56 percent decrease over earnings of $0.18 per share from the same period last year.

Earnings Scheduled For August 4, 2022

4 Aug 22

Companies Reporting Before The Bell • Toyota Motor (NYSE:TM) is projected to report earnings for its first quarter.

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

From Benzinga Pro

LXP Industrial Trust Reports Second Quarter 2022 Results

4 Aug 22

NEW YORK, Aug. 04, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust ("LXP") (NYSE:LXP), a real estate investment trust focused on single-tenant warehouse/distribution real estate investments, today announced results for

LXP Industrial Trust Appoints Derrick Johnson to Board of Trustees

21 Jul 22

NEW YORK, July 21, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP"), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced the appointment of

LXP Industrial Trust to Report Second Quarter 2022 Results and Host Conference Call August 4, 2022

19 Jul 22

NEW YORK, July 19, 2022 (GLOBE NEWSWIRE) -- LXP Industrial Trust (NYSE:LXP) ("LXP"), a real estate investment trust (REIT) focused on single-tenant warehouse and distribution real estate investments, today announced it

LXP Industrial Trust Announces Quarterly Common Share Dividend

15 Jun 22

Analyst ratings and price targets

Last 3 months

Calendar

4 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart LXP financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

LXP insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

LXP institutional ownership history Ownership history

96.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	280	292	-4.1%
Opened positions	37	45	-17.8%
Closed positions	49	43	+14.0%
Increased positions	97	93	+4.3%
Reduced positions	96	106	-9.4%

13F shares	Current	Prev Q	Change
Total value	2.91B	4.41B	-34.0%
Total shares	270.43M	280.53M	-3.6%
Total puts	0	10.9K	EXIT
Total calls	16.4K	528.3K	-96.9%
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
BLK Blackrock	52.97M	$568.86M	+1.2%
Vanguard	45.97M	$493.76M	-0.2%
FMR	39.37M	$422.78M	+3.6%
STT State Street	17.51M	$190.08M	+1.6%
MCQEF Macquarie	11.35M	$121.91M	-0.1%
Long Pond Capital	9.07M	$97.42M	NEW
Geode Capital Management	5.64M	$60.57M	+1.4%
Dimensional Fund Advisors	5.16M	$55.38M	-0.2%
JPM JPMorgan Chase & Co.	4.41M	$47.37M	-47.4%
NTRS Northern Trust	4.06M	$43.55M	-5.2%

Largest transactions	Shares	Bought/sold	Change
Long Pond Capital	9.07M	+9.07M	NEW
Land & Buildings Investment Management	0	-4.75M	EXIT
JPM JPMorgan Chase & Co.	4.41M	-3.97M	-47.4%
Millennium Management	72.23K	-3.37M	-97.9%
Jet Capital Investors L P	0	-2.63M	EXIT
LGEN Legal & General	0	-2.35M	EXIT
Alberta Investment Management	1.69M	-1.56M	-47.9%
Cbre Clarion Securities	0	-1.48M	EXIT
FMR	39.37M	+1.36M	+3.6%
Islet Management	0	-1.25M	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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.