Help our agents identify you so they can offer more personalized support. When I last wrote about Lexington Realty Trust, I was enticed by the fact that growth looked to be resuming. I don’t think it offers attractive upside in the foreseeable future. There has also been a big shakeup on the board in the past month or two, driven by an activist investor.

• The new declared quarterly common share dividend, which will be paid in the first quarter of 2022 will be $0.12 per, representing an 11.6% increase over the prior quarterly dividend.
• Three years later, the mix was almost 50/50, with warehouse and distribution accounting for 48% of the portfolio by gross book value.
• LXP now owns and operates 102 properties, comprising 48.8 msf (million square feet), 99% of it leased, with a weighted average remaining lease term of 6.7 years.
• Looking forward, I see room for dividend growth, as LXP’s portfolio transition is nearly complete.

The Dividend Score projects the Yield 3 years from now, based on the dividend growth rate. In the case of LXP, this number is misleading, for the following reasons. LXP makes quarterly dividends/distributions to its shareholders and unitholders. LXP recently increased its quarterly dividend, payable in the first quarter of 2022.

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This transition is nearly complete, and LXP is starting to reap the rewards from increasing base rents with annual bumps . Considering the balance sheet quality and the relative undervaluation, I see LXP as offering the best value in the industrial REIT segment at the moment. The new declared quarterly common share dividend, which will be paid in the first quarter of 2022 will be $0.12 per, representing an 11.6% increase over the prior quarterly dividend. Our intent to grow the dividend annually moving forward reflects our confidence in the direction of market rent growth and our opportunity to raise future rents.

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The company said the shares were previously held by an affiliate of Apollo… LXP’s newly acquired Industrial facilities are not in bad locations, but other Industrial REITs are better positioned. Similarly, LXP is fairly new to the business of supply chain assets, and management has less experience and shallower roots in the industry than competitors in the Industrial REIT sector. With 95% of our gross assets now industrial, we have substantially completed our portfolio transformation to a predominantly single tenant industrial REIT.

These 15 REITs beat low interest rates with dividend yields of up to 9.7%

Within the past month, LXP has climbed into the market cap sweet spot ($4B – $10B), by the skin of its teeth. The company’s Liquidity Ratio (Assets/Liabilities) is solid at 2.20, and so is the Debt/EBITDA of 5.4x. By providing your email address below, you are providing consent to LXP to send you the requested Investor Email Alert updates.

You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. The transformation puts LXP in a position to benefit from the e-commerce boom. This is a lucrative trend, as Hoya Capital has extensively documented.

Lexington Realty upgraded to sector weight from underweight at KeyBanc Capital

The Dividend Score shown is based on the trailing 3-year dividend growth rate of (-12.23)%. But there is every reason to believe the dividend growth rate going forward will be positive, so the Yield 3 years from now should still be above average. While the portfolio is now predominantly single-tenant class A warehouse space, those warehouses are not especially well-positioned, when compared to other Industrial REITs. The largest presence by ABR (annual base rent) is in places secondary markets like Memphis, Dallas-Fort Worth, Atlanta, Phoenix, and Cincinnati, with the remainder scattered through the upper midwest and along the eastern seaboard. Our portfolio continues to benefit from healthy fundamentals in the industrial sector, including strong leasing demand and rental growth.

Shares of LXP Industrial Trust dropped 6.6% in premarket trading Friday, after the real estate investment trust, focused on single-tenant warehouse and distribution investments, said it has decided to suspend its evaluati… Cash flow is improving over the past 3 years, but revenue has been checkered. Demand is still outpacing supply with vacancy at an all-time low leading to rental rates continuing to rise across the country. Class A warehouse distribution space in our target markets is benefiting from all of these trends. In short, it is a great time to be an industrial real estate company with top quality assets. As of December 31, 2012, the Company had interests in approximately 220 consolidated office, industrial and retail properties containing approximately 41.2 million square feet of rentable space, which were approximately 97.3% leased.

Lexington Realty Trust upgraded to buy from hold at Stifel Nicolaus

Tenant leasing velocity is being driven by the need to improve supply chain efficiency as transportation costs rise, resulting in a greater desire for additional space to house inventory. You can request additional information via our

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Lexington Realty Trust is a publicly traded real estate investment trust. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions. LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. Robert Roskind in October 1993 and is headquartered in New York, NY.

LXP is an intriguing possibility for both growth and income, but for the time being, it is still unproven, and with so many great sizzling-hot Industrials to choose from, there is just no need to gamble on this one yet. Like all other Industrial REITs, LXP Industrial Trust faces risks from natural disasters, telecommunication failures, blackouts, terrorism, war, and cyber security attacks. Those possible attacks include hacking, viruses, vandalism, theft, malicious software, phishing, unauthorized access, and employee error or malfeasance. Here is a side-by-side comparison, between LXP and 3 other Industrial REITs in the market cap sweet spot.

LXP Industrial Trust upgraded to overweight from sector weight at KeyBanc Capital

This may prove to be a new lease on life (no pun intended) for LXP and its shareholders. At the close of December 2021, LXP also entered into a joint venture (JV) to recapitalize 22 of their facilities, totaling 6.7 msf of non-warehouse space for a variety of uses, such as manufacturing, cold storage, assembly, and R&D. LXP now owns and operates 102 properties, comprising 48.8 msf (million square feet), 99% of it leased, with a weighted average remaining lease term of 6.7 years. To sign up for Email alerts on LXP’s Events, Documents, Press Releases and closing stock price information,

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This one-time event will give a boost to REITs

To obtain more information regarding earnings estimates, https://forex-world.net/brokers/how-to-spot-an-investment-scam-in-6-steps/ reach out to LXP’s Investor Relations Department.

• In the case of LXP, this number is misleading, for the following reasons.
• Cash flow is improving over the past 3 years, but revenue has been checkered.
• Accordingly, there is no assurance that Lexington’s expectations will be realized.

If you require advice in relation to any financial matter you should consult an appropriate professional. The website is operated and provides content by HF Markets (Europe) Ltd. No HE with registered and office address at Spyrou Kyprianou 50, Irida 3 Tower 10th Floor, Larnaca 6057, Cyprus. Morgan maintained a Hold rating on LXP Industrial Trust (LXP – Research Report), with a price target of $11.00. Lexington Property Trust has done an impressive job of transitioning its property portfolio towards the safer and growing industrial segment.