LXP Industrial Trust (LXP) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

LXP Industrial Trust

NYSE•Real Estate•REIT - Industrial

$60.85+0.04(<0.01%)Pre-market

Market Cap

$3.53B

P/E

54.5x

P/S

10.2x

P/B

1.8x

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and lower Midwest. LXP seeks to expand its warehouse and distribution portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects and other transactions. LXP Industrial Trust was incorporated in 1993 and is based in West Palm Beach, United States.

How this company scores

WeakMetricSide Score: 46/100

Grade capped at D — Interest coverage below 1× (0.1x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (16/25); weakest: Growth (6/25).

Profitability13/25

Growth6/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality16/25

Strengths

Strong marginsCash-backed earningsImproving marginsNo share dilution

Grade capped at D

Interest coverage below 1× (0.1x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 54.5x5y range 7.4x – 136.5x

Currently above its 20-quarter median.

P/S · 10.2x5y range 6.6x – 13.5x

Currently near its 20-quarter median.

P/B · 1.8x5y range 1.1x – 2.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 8.4% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $3.53B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $347.70M
Q. Revenue: $88.11M
TTM EBITDA: $265.60M
TTM Op. Income: $73.82M
Q. Op. Income: $837,000
TTM Net Income: $64.87M
Q. Net Income: $55,000
EPS: $-0.03
Shares Out.: $58.09M

$347.70M in TTM revenue declined 4.2% YoY, reaching $88.11M last quarter. TTM EBITDA of $265.60M and TTM operating income of $73.82M show growth is flowing through to the bottom line. TTM net income of $64.87M means revenue is converting into profit. Over the past year, TTM revenue is down 4% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 81.6%
EBITDA Margin: 55.5%
Op. Margin: 0.9%
Net Margin: 0.1%

Op. margin of 0.9% is down 31.9% YoY — costs are rising relative to revenue. Net margin at 0.1% and gross margin of 81.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 97% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 54.5x
P/S Ratio: 10.2x
P/B Ratio: 1.8x

At 54.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 10.2x and P/B of 1.8x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.46B
Cash: $17.99M
Long-Term Debt: $1.36B
Book Value: $1.95B
D/E Ratio: 0.7
Debt/EBITDA: 27.9

With $3.46B in assets and $1.36B in long-term debt, D/E is 0.7and book value is $1.95B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 2 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $48.71M
TTM Free Cash Flow: $55.79M
FCF Margin: 16.0%
FCF / Net Income: 0.9

TTM FCF of $55.79M on $48.71M in operating cash flow. The FCF / Net Income ratio of 0.9x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.