LXP Industrial REIT offers attractive Series C cumulative preferred shares with a nearly 7% yield and strong coverage from FFO. LXP maintained stable net interest expenses and robust Q3 results, with preferred dividends representing less than 5% of net income. LXP.PR.C preferreds trade at a discount to the call price, with a high conversion threshold making forced conversion unlikely in the near term.
LXP Industrial Trust ( LXP ) Q3 2025 Earnings Call October 30, 2025 8:30 AM EDT Company Participants Heather Gentry - Executive Vice President of Investor Relations T. Wilson Eglin - Chairman, President & CEO Nathan Brunner - Executive VP, CFO & Treasurer James Dudley - Executive VP & Director of Asset Management Brendan Mullinix - Chief Investment Officer & Executive VP Conference Call Participants Jonathan Petersen - Jefferies LLC, Research Division Todd Thomas - KeyBanc Capital Markets Inc., Research Division Mitch Germain - Citizens JMP Securities, LLC, Research Division Vince Tibone - Green Street Advisors, LLC, Research Division James Kammert - Evercore ISI Institutional Equities, Research Division Presentation Operator Hello, and thank you for standing by.
LXP Industrial (LXP) came out with quarterly funds from operations (FFO) of $0.16 per share, in line with the Zacks Consensus Estimate . This compares to FFO of $0.16 per share a year ago.
| Industrial REITs Industry | Real Estate Sector | T. Wilson Eglin CEO | NYSE Exchange | 529043101 CUSIP |
| US Country | 59 Employees | 31 Dec 2025 Last Dividend | 11 Nov 2025 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.