Added to YB: 2026-04-17
Pitch date: 2026-04-16
LXP [bullish]
LXP Industrial Trust
+0.35%
current return
Author Info
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Company Info
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.
Market Cap
$3.0B
Pitch Price
$51.46
Price Target
N/A
Dividend
5.42%
EV/EBITDA
18.59
P/E
34.60
EV/Sales
12.60
Sector
Industrial REITs
Category
growth
The Industrial REIT With Embedded Convexity - $LXP
LXP: Industrial REIT w/ 52.7M sf portfolio (97.1% leased, 4.8yr WALT) + 514 acres developable land, 315 in Phoenix. Phoenix spec dev: 1.2M sf @ $120M budget, 7-7.5% stabilized yield; 240 acres remain for 4M sf. Track record: built 15 facilities @ 7.1% yield, sold at 5% cap (20% premium to cost). Mark-to-market: +$29M rent (+$0.48/sh, 15% of FFO) through 2030; 3.2% escalators on new leases. Indirect AI/reshoring play via TSMC/semiconductor supply chain migration to Phoenix. Net debt 4.9x EBITDA. Risks: demand softens, Phoenix concentration, rerating takes time.
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