LXP Industrial Trust (LXP)
Owns and develops net-leased Class A logistics properties in Sunbelt and lower-Midwest markets.
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Owns and develops Class A warehouse and distribution properties in Sunbelt and lower-Midwest markets, earning primarily rental income from predominantly single-tenant, net-leased facilities. Growth comes through acquisitions, build-to-suits, sale-leasebacks, development, and institutional partnerships; a cash acquisition by Brookfield and CPP Investments is pending.
Owns, acquires, develops, and leases Class A warehouse and distribution facilities in Sunbelt and lower-Midwest target markets. Predominantly single-tenant, the portfolio spans modern bulk-logistics buildings, development land, build-to-suit projects, and institutional joint ventures.
Rental income from net and similar leases anchors the business. Acquisitions, sale-leasebacks, speculative development, merchant-builder partnerships, and selective asset sales shape the portfolio. Recent leasing has kept stabilized properties nearly full, with operations managed as one segment.
Most net-lease tenants bear property taxes, utilities, insurance, and ordinary repairs; results depend on tenant credit and renewals, development execution, financing, and REIT qualification. A pending acquisition by Brookfield and CPP Investments remains subject to shareholder approval and customary closing conditions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Jefferies | Downgrade | Target: $11 | Target: $61 |
| Jul 21, 2026 | Citigroup | Downgrade | ||
| Jul 21, 2026 | Industrial Alliance Securities | Target | Target: $65 | Target: $61.20 |
| Jul 21, 2026 | Empire Asset Management | Downgrade | Rating: — | |
| Jul 21, 2026 | Citizens | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $18.0M · Total debt $1.38B · Total assets $3.46B · Shareholders' equity $1.95B
- Revenue
- $88.1M
- Operating income
- $14.2M
- Net income
- $55.0K
HistoryDividendAnnual yield
| Institutions | 97.40% | 57.43M shares | |
|---|---|---|---|
| 319 holders · as of Jun 30, 2026 | |||
| Insiders | 2.66% | 1.57M shares | |
| 15 holders · as of Jul 6, 2026 | |||
| Adds to | 100.06% | ||
58.96M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 100.06%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 18.52% | 10.92M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 10.06% | 5.93M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.69% | 3.35M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.33% | 2.56M | as of Jun 30, 2026 |
Macquarie Management Holdings, Inc.Institution | 3.62% | 2.13M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Prologis
Global logistics REIT rival in warehouses and development
- First Industrial Realty Trust
Direct U.S. industrial owner and logistics developer
- EastGroup Properties
Sunbelt industrial REIT rival in distribution facilities
- STAG Industrial
Single-tenant industrial peer across U.S. warehouses
- Terreno Realty
Infill warehouse rival in constrained U.S. logistics markets
- Rexford Industrial
Southern California industrial REIT with redevelopment overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| LXP Industrial Trust | $60.87 | +0.01% | $3.59B | 60.9 | 539.5 | 10.3 | +0.5% |
| Prologis | $135.22 | −0.44% | $126.78B | 30.3 | 39.1 | 13.8 | +7.5% |
| First Industrial Realty Trust | $61.85 | −0.24% | $8.22B | 22.6 | 34.6 | 10.8 | +8.2% |
| EastGroup Properties | $202.96 | +0.19% | $10.89B | 35.5 | 36.7 | 14.5 | +9.1% |
| STAG Industrial | $37.48 | −0.08% | $7.23B | 28.9 | 74.7 | 8.2 | +7.8% |
| Terreno Realty | $66.69 | +0.47% | $7.06B | 17.8 | 36.8 | 14.0 | +11.1% |
| Rexford Industrial | $38.73 | +0.03% | $8.85B | — | 34.2 | 9.0 | +0.6% |
| Median | 28.9 | 36.8 | 12.3 | +8.0% |