Spreads on REIT preferreds have improved, making high-quality options like LXP Industrial Trust's preferred shares attractive again. LXP boasts a strong, diversified portfolio of Class A industrial properties, solid financials, and high asset coverage ratios. Our credit analysis assigns LXP's preferred shares LXP.PR.C a Baa3 rating, indicating good creditworthiness despite the lack of agency ratings.
LXP Industrial Trust is a compelling income/value play, offering a 6.6% yield and a young, high-quality industrial portfolio. It has a strategic focus on high-growth Sunbelt and Midwest markets, with strong tenant demand and exposure to reshoring-driven manufacturing trends, underpinning future growth. Recent performance includes 5.2% same-store NOI growth, high leased rate, and significant rent increases on key renewals, supporting management's positive outlook.
WEST PALM BEACH, Fla., May 21, 2025 (GLOBE NEWSWIRE) -- LXP Industrial Trust (“LXP”) (NYSE: LXP), a real estate investment trust (REIT) focused on Class A warehouse and distribution investments, today announced that it executed a lease for its approximately 1.1 million square foot industrial facility in the Greenville/Spartanburg, South Carolina market.
![]() LXP In 3 weeks Estimated | Quarterly | $0.14 Per Share |
![]() LXP 2 months ago Paid | Quarterly | $0.14 Per Share |
![]() LXP 5 months ago Paid | Quarterly | $0.14 Per Share |
![]() LXP 8 months ago Paid | Quarterly | $0.13 Per Share |
![]() LXP 11 months ago Paid | Quarterly | $0.13 Per Share |
![]() LXP 27 Mar 2024 Paid | Quarterly | $0.13 Per Share |
30 Apr 2025 Date | | - Cons. EPS | - EPS |
13 Feb 2025 Date | | - Cons. EPS | 0.04 EPS |
6 Nov 2024 Date | | - Cons. EPS | - EPS |
29 Oct 2024 Date | | - Cons. EPS | - EPS |
31 Jul 2024 Date | | - Cons. EPS | - EPS |
![]() LXP In 3 weeks Estimated | Quarterly | $0.14 Per Share |
![]() LXP 2 months ago Paid | Quarterly | $0.14 Per Share |
![]() LXP 5 months ago Paid | Quarterly | $0.14 Per Share |
![]() LXP 8 months ago Paid | Quarterly | $0.13 Per Share |
![]() LXP 11 months ago Paid | Quarterly | $0.13 Per Share |
![]() LXP 27 Mar 2024 Paid | Quarterly | $0.13 Per Share |
30 Apr 2025 Date | | - Cons. EPS | - EPS |
13 Feb 2025 Date | | - Cons. EPS | 0.04 EPS |
6 Nov 2024 Date | | - Cons. EPS | - EPS |
29 Oct 2024 Date | | - Cons. EPS | - EPS |
31 Jul 2024 Date | | - Cons. EPS | - EPS |
REIT - Industrial Industry | Real Estate Sector | Mr. T. Wilson Eglin CEO | NYSE Exchange | 529043101 Cusip |
US Country | 59 Employees | 31 Mar 2025 Last Dividend | - Last Split | 10 Aug 1993 IPO Date |
LXP Industrial Trust (NYSE: LXP) operates as a publicly traded real estate investment trust (REIT), specializing in the acquisition and management of single-tenant industrial properties across the United States. The REIT employs a strategic approach to grow its industrial portfolio, focusing on investments that promise sustainable returns. LXP's investment strategy encompasses a broad spectrum of transactions, ranging from acquisitions and build-to-suit projects to sale-leaseback deals and development initiatives. By meticulously selecting industrial real estate opportunities, LXP aims to provide its shareholders with steady income and capital appreciation over time.
LXP Industrial Trust offers a diverse range of real estate investment and management services tailored towards the industrial sector, including:
LXP actively seeks to acquire high-quality, single-tenant industrial properties in strategic locations across the United States. This approach enables the addition of valuable assets to its portfolio, enhancing the overall asset base and investment returns.
The REIT works closely with tenants to develop properties custom-tailored to meet specific operational needs. This service allows LXP to secure long-term leases with tenants, ensuring stable and predictable revenue streams.
LXP offers sale-leaseback solutions, providing companies with an opportunity to free up capital tied in real estate while retaining operational control over their facilities. This arrangement benefits both LXP, by adding income-generating properties to its portfolio, and the tenants, by improving their liquidity and financial flexibility.
The company engages in development projects, either independently or through partnerships. These projects are aimed at creating state-of-the-art industrial facilities that meet current market demands and sustainability standards, contributing to LXP's growth and portfolio diversification.