LXP Industrial Trust: The Preferred Stock Offers A Great Yield
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 Transcript
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) Q3 FFO Meet Estimates
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.
Double-Checking The Credit Rating (Part 16): LXP Industrial Trust
LXP Industrial Trust maintains investment-grade credit ratings and a strong asset base, with 92% of properties classified as class A and high-quality tenants. The company demonstrates solid financials: a 247% asset coverage ratio, 9.77% asset yield, and a forward price-to-FFO ratio of 12.88, indicating a 7.76% FFO yield. LXP's capital structure is well balanced, with nearly 60% common equity and limited exposure to mortgage debt, supporting its creditworthiness.
LXP Industrial Trust (LXP) Q2 2025 Earnings Call Transcript
LXP Industrial Trust (NYSE:LXP ) Q2 2025 Earnings Conference Call July 30, 2025 8:30 AM ET 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 Anthony Paolone - JPMorgan Chase & Co, Research Division Todd Thomas - KeyBanc Capital Markets Inc., Research Division Vince Tibone - Green Street Advisors, LLC, Research Division Mitch Germain - Citizens JMP Securities, LLC, Research Division James Kammert - Evercore ISI Institutional Equities, Research Division Operator Good morning.
LXP Industrial (LXP) Meets Q2 FFO Estimates
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.
7% Yield From LXP Industrial Trust And Its Preferred Stock
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.
Buy LXP Industrial Before The Reshoring Boom Goes Mainstream
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.
LXP Industrial Trust (LXP) Q1 2025 Results Conference Call Transcript
LXP Industrial Trust (LXP) Q1 2025 Results Conference Call Transcript
LXP Industrial (LXP) Meets Q1 FFO Estimates
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.
LXP Industrial Trust Is Strong Buy At Cheap Price And Growing Sunbelt Portfolio
LXP Industrial Trust gets a strong buy rating today for my initial coverage. This industrial REIT has a growing and diversified portfolio of warehouses with a strong focus on the US Sunbelt region, and tenants like Amazon and Walmart. It has proven itself in growing dividends, profits, and cash flow, while also keeping leverage low and getting investment-grade credit ratings.
LXP Industrial Trust (LXP) Q4 2024 Earnings Call Transcript
LXP Industrial Trust (NYSE:LXP ) Q4 2024 Results Conference Call February 13, 2025 8:30 AM ET Company Participants Heather Gentry - Investor Relations Will Eglin - Chief Executive Officer Brendan Mullinix - Chief Investment Officer James Dudley - Executive Vice President Beth Boulerice - Chief Financial Officer Conference Call Participants Todd Thomas - KeyBanc Capital Markets Vince Tibone - Green Street James Kammert - Evercore ISI Jyoti Yadav - Citizens JMP Securities Operator Good morning, and welcome to the LXP Industrial Trust Fourth Quarter Earnings Call and Webcast. All lines have been placed on mute to prevent any background noise.
