LXP Industrial Trust (LXP) Q3 2024 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
0mins
Should l Buy LXP?
Source: Newsfilter
Earnings Call Overview: LXP Industrial Trust held its Q3 2024 earnings conference call on November 6, 2024, featuring key company executives and a question-and-answer session for participants.
Forward-Looking Statements: The company highlighted that certain statements made during the call may be forward-looking and are based on reasonable assumptions, but actual results could differ due to various risks and factors.
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Analyst Views on LXP
Wall Street analysts forecast LXP stock price to fall
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 48.250
Low
10.00
Averages
10.00
High
10.00
Current: 48.250
Low
10.00
Averages
10.00
High
10.00
About LXP
LXP Industrial Trust is a real estate investment trust (REIT) focused on Class A warehouse and distribution investments in target markets across the Sunbelt and lower Midwest. The Company invests in single-tenant warehouse/distribution real estate. The Company conducts its operations indirectly through property owner subsidiaries, which are single purpose entities; a wholly owned taxable REIT subsidiaries (TRS), Lexington Realty Advisors, Inc., and joint ventures. The Company's warehouse/distribution portfolio includes various industries, such as electronic commerce, automotive, construction/materials, food, apparel, specialty, technology, retail department, aerospace/defense, healthcare, consumer products, transportation/logistics and others. The Company has ownership interests in approximately 119 consolidated real estate properties, located in 17 states and containing an aggregate of approximately 57.8 million square feet of space, approximately 93.6% of which is leased.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
LXP Industrial Trust Q4 Earnings Analysis
- Financial Performance Overview: LXP Industrial Trust reported a Q4 FFO of $0.79, missing expectations by $0.03, indicating pressure on profitability that may affect investor confidence.
- Revenue Decline: The company posted revenues of $86.74 million, a 14% year-over-year decline, although it beat market expectations by $0.69 million, the ongoing revenue drop poses challenges for future growth prospects.
- Future Income Expectations: LXP estimates its net income attributable to common shareholders for the year ending December 31, 2026, will range from $(0.01) to $0.14 per diluted common share, reflecting uncertainty about future profitability that could influence investor decisions.
- Adjusted FFO Guidance: The company anticipates its Adjusted Company FFO for the year ending December 31, 2026, will be between $3.22 and $3.37 per diluted common share, providing guidance but leaving the market cautious about its realizability.
See More
LXP Industrial Trust to Announce Q4 Earnings on February 12
- Earnings Announcement: LXP Industrial Trust is set to release its Q4 earnings report on February 12 before market open, with investors keenly awaiting performance insights to gauge future growth potential.
- Earnings Expectations: The consensus EPS estimate stands at -$0.07, indicating challenges in profitability that could impact investor confidence and stock performance.
- Revenue Forecast: The consensus revenue estimate is $86.05 million, and any deviation from this figure could negatively affect stock prices if actual results fall short, while exceeding expectations may boost market sentiment.
- Fundamental Analysis: While LXP Industrial Trust shows solid fundamentals, analysts suggest that better risk-adjusted income may be derived from preferred shares, prompting investors to consider the risk-return profile of their portfolios.
See More
LXP Industrial Trust to Release Q4 2025 Financial Results on February 12, 2026
- Earnings Release Schedule: LXP Industrial Trust is set to announce its Q4 2025 financial results on February 12, 2026, reflecting its performance in the warehouse and distribution real estate sector.
- Conference Call Details: A conference call and webcast will take place at 8:30 a.m. ET on the same day, with participants able to join by calling (888) 660-6082 or (929) 201-6604, using Conference ID 1576583.
- Replay Availability: A telephone replay of the call will be available until February 19, 2026, allowing investors who cannot attend live to access critical information by calling (800) 770-2030.
- Company Overview: LXP Industrial Trust focuses on Class A warehouse and distribution investments across 12 target markets, aiming to expand its portfolio through acquisitions and development projects, indicating a proactive strategic approach in the market.
See More
LXP Industrial Trust Sells Properties for $175 Million, Boosting Earnings
- Performance Highlight: LXP Industrial Trust reported in-line third-quarter earnings, successfully selling two vacant development projects in Central Florida and Indianapolis for $175 million, which is a 20% premium over book value, enhancing earnings by approximately 6% while reducing leverage to 5.2x.
- Market Reaction: The company's stock gained around 7% over the past month, reaching a 52-week high of $52.52, reflecting positive market sentiment towards its financial performance, with an RSI value of 74.1 indicating potential overbought conditions.
- Leasing Success: In the second quarter, LXP successfully leased a one million square foot Greenville/Spartanburg development project, resulting in an occupancy rate of approximately 97% at quarter-end, further solidifying its market position.
- Future Outlook: LXP's successful transactions and high occupancy not only enhance its financial stability but also lay the groundwork for future investments and expansions, demonstrating the company's strong competitive edge in the real estate market.
See More
KBW Announces Q4 2025 Index Rebalancing with Changes Across Six Indices
- Index Component Changes: The KBW Nasdaq Insurance Index adds four companies, including Arthur J. Gallagher & Co. and Chubb Limited, while dropping four others, reflecting market dynamics.
- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index adds Axos Financial, Inc. and removes Synovus Financial Corp., indicating a focus on emerging fintech companies.
- Dividend Yield Index Adjustments: The KBW Nasdaq Financial Sector Dividend Yield Index adds eight companies and drops eight, demonstrating ongoing investor interest in high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index adds twelve companies while removing nine, reflecting the vibrancy of the real estate market and investor confidence.
See More
VTI ETF Daily Report—November 25, 2025
Vanguard Total Stock Market ETF Overview: The VTI ETF provides broad exposure to the U.S. equity market with a low expense ratio of 0.03%, making it a cost-effective investment option.
Market Performance: On Monday, VTI rose by 1.21%, while the Nasdaq Composite and S&P 500 increased by 2.7% and 1.5%, respectively, as investor confidence grew ahead of potential Federal Reserve policy easing.
Investment Trends: Despite a slight decline of 0.26% over the past five days, VTI is up 13% year-to-date, with a three-month average trading volume of 4.06 million shares and recent net inflows of $246 million.
Analyst Consensus and Potential: VTI is rated as a Moderate Buy with an average price target of $387.05, suggesting a 17.7% upside, while its Smart Score of seven indicates expected performance in line with the broader market.
See More
LXP Industrial Trust Q4 Earnings Analysis
- Financial Performance Overview: LXP Industrial Trust reported a Q4 FFO of $0.79, missing expectations by $0.03, indicating pressure on profitability that may affect investor confidence.
- Revenue Decline: The company posted revenues of $86.74 million, a 14% year-over-year decline, although it beat market expectations by $0.69 million, the ongoing revenue drop poses challenges for future growth prospects.
- Future Income Expectations: LXP estimates its net income attributable to common shareholders for the year ending December 31, 2026, will range from $(0.01) to $0.14 per diluted common share, reflecting uncertainty about future profitability that could influence investor decisions.
- Adjusted FFO Guidance: The company anticipates its Adjusted Company FFO for the year ending December 31, 2026, will be between $3.22 and $3.37 per diluted common share, providing guidance but leaving the market cautious about its realizability.
See More
LXP Industrial Trust to Announce Q4 Earnings on February 12
- Earnings Announcement: LXP Industrial Trust is set to release its Q4 earnings report on February 12 before market open, with investors keenly awaiting performance insights to gauge future growth potential.
- Earnings Expectations: The consensus EPS estimate stands at -$0.07, indicating challenges in profitability that could impact investor confidence and stock performance.
- Revenue Forecast: The consensus revenue estimate is $86.05 million, and any deviation from this figure could negatively affect stock prices if actual results fall short, while exceeding expectations may boost market sentiment.
- Fundamental Analysis: While LXP Industrial Trust shows solid fundamentals, analysts suggest that better risk-adjusted income may be derived from preferred shares, prompting investors to consider the risk-return profile of their portfolios.
See More
LXP Industrial Trust to Release Q4 2025 Financial Results on February 12, 2026
- Earnings Release Schedule: LXP Industrial Trust is set to announce its Q4 2025 financial results on February 12, 2026, reflecting its performance in the warehouse and distribution real estate sector.
- Conference Call Details: A conference call and webcast will take place at 8:30 a.m. ET on the same day, with participants able to join by calling (888) 660-6082 or (929) 201-6604, using Conference ID 1576583.
- Replay Availability: A telephone replay of the call will be available until February 19, 2026, allowing investors who cannot attend live to access critical information by calling (800) 770-2030.
- Company Overview: LXP Industrial Trust focuses on Class A warehouse and distribution investments across 12 target markets, aiming to expand its portfolio through acquisitions and development projects, indicating a proactive strategic approach in the market.
See More
LXP Industrial Trust Sells Properties for $175 Million, Boosting Earnings
- Performance Highlight: LXP Industrial Trust reported in-line third-quarter earnings, successfully selling two vacant development projects in Central Florida and Indianapolis for $175 million, which is a 20% premium over book value, enhancing earnings by approximately 6% while reducing leverage to 5.2x.
- Market Reaction: The company's stock gained around 7% over the past month, reaching a 52-week high of $52.52, reflecting positive market sentiment towards its financial performance, with an RSI value of 74.1 indicating potential overbought conditions.
- Leasing Success: In the second quarter, LXP successfully leased a one million square foot Greenville/Spartanburg development project, resulting in an occupancy rate of approximately 97% at quarter-end, further solidifying its market position.
- Future Outlook: LXP's successful transactions and high occupancy not only enhance its financial stability but also lay the groundwork for future investments and expansions, demonstrating the company's strong competitive edge in the real estate market.
See More
KBW Announces Q4 2025 Index Rebalancing with Changes Across Six Indices
- Index Component Changes: The KBW Nasdaq Insurance Index adds four companies, including Arthur J. Gallagher & Co. and Chubb Limited, while dropping four others, reflecting market dynamics.
- Regional Banking Index Update: The KBW Nasdaq Regional Banking Index adds Axos Financial, Inc. and removes Synovus Financial Corp., indicating a focus on emerging fintech companies.
- Dividend Yield Index Adjustments: The KBW Nasdaq Financial Sector Dividend Yield Index adds eight companies and drops eight, demonstrating ongoing investor interest in high-yield investments.
- REIT Index Expansion: The KBW Nasdaq Premium Yield Equity REIT Index adds twelve companies while removing nine, reflecting the vibrancy of the real estate market and investor confidence.
See More
VTI ETF Daily Report—November 25, 2025
Vanguard Total Stock Market ETF Overview: The VTI ETF provides broad exposure to the U.S. equity market with a low expense ratio of 0.03%, making it a cost-effective investment option.
Market Performance: On Monday, VTI rose by 1.21%, while the Nasdaq Composite and S&P 500 increased by 2.7% and 1.5%, respectively, as investor confidence grew ahead of potential Federal Reserve policy easing.
Investment Trends: Despite a slight decline of 0.26% over the past five days, VTI is up 13% year-to-date, with a three-month average trading volume of 4.06 million shares and recent net inflows of $246 million.
Analyst Consensus and Potential: VTI is rated as a Moderate Buy with an average price target of $387.05, suggesting a 17.7% upside, while its Smart Score of seven indicates expected performance in line with the broader market.
See More
