LXP Industrial Trust

lxp.com

What Do They Do?

Leases Class A warehouse and distribution facilities to tenants and develops new properties with merchant builders.

How Do They Make Money?

Tenants pay rent under property leases over the lease term. LXP also receives lease termination fees and collects payments under sales-type leases.

FY2025 revenue

Who Are Their Customers?

Tenants lease space in LXP's warehouse and distribution properties. LXP primarily invests in single-tenant facilities, and most net leases make tenants responsible for property operating costs.

Do Revenues Turn Into Profits?

Yes. It kept 32 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

32% of revenue

▲ +154% vs FY2024 ($44.5M, 12%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ +4%; vs $86.9M in Q3 FY2025
Net income: ▲ +154%; vs $36.3M in Q3 FY2025

Jul 20, 2026 Brookfield and CPP Investments agreed to acquire LXP The all-cash deal awaits shareholder approval and satisfaction of other closing conditions.
Jun 1, 2026 LXP raised its 2026 adjusted funds-from-operations forecast The range increased from $3.22–$3.37 to $3.30–$3.40 per diluted share.

Flat. Revenue was $350.2M in FY2025, about the same as the $344M of FY2021.

Comments