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

$61.090.00(0.00%)After hours

Market Cap

$3.56B

P/E

29.5x

P/S

10.1x

P/B

1.7x

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

GoodMetricSide Score: 68/100

Strongest: Profitability (21/25); weakest: Growth (9/25).

Profitability21/25

Growth9/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowStrong marginsProfit converts from growthImproving margins

Valuation vs. 5-year range

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

P/E · 29.5x5y range 7.4x – 136.5x

Currently near its 20-quarter median.

P/S · 10.1x5y range 6.6x – 13.5x

Currently near its 20-quarter median.

P/B · 1.7x5y range 1.1x – 2.0x

Watch items

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

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $3.56B

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $351.59M
Q. Revenue: $90.78M
TTM EBITDA: $314.57M
TTM Op. Income: $123.71M
Q. Op. Income: $93.06M
TTM Net Income: $120.64M
Q. Net Income: $92.05M
EPS: $1.55
Shares Out.: $58.13M

$351.59M in TTM revenue declined 3.5% YoY, reaching $90.78M last quarter. TTM EBITDA of $314.57M and TTM operating income of $123.71M show growth is flowing through to the bottom line. TTM net income of $120.64M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 82.0%
EBITDA Margin: 155.6%
Op. Margin: 102.5%
Net Margin: 101.4%

Op. margin of 102.5% is up 52.8% YoY — cost efficiency is improving. Net margin at 101.4% and gross margin of 82.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 29.5x
P/S Ratio: 10.1x
P/B Ratio: 1.7x

At 29.5x P/E, the stock trades within typical market levels. P/S of 10.1x and P/B of 1.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 31% — an improving trend.

Assets & Liabilities

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

Total Assets: $3.50B
Cash: $110.31M
Long-Term Debt: $1.35B
Book Value: $2.04B
D/E Ratio: 0.7
Debt/EBITDA: 9.5

With $3.50B in assets and $1.35B in long-term debt, D/E is 0.7and book value is $2.04B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 9% — an improving trend.

Cash Flow

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

Op. Cash Flow: $58.71M
TTM Free Cash Flow: $81.02M
FCF Margin: 23.0%
FCF / Net Income: 0.7

TTM FCF of $81.02M on $58.71M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 156% — an improving trend.