Lexington Realty Trust Crunchbase Company Profile & Funding

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. NEW YORK (MarketWatch) — Vornado Realty Trust said Tuesday that it will buy 8 million common shares of Lexington Realty Trust for $5.60 a share.

In October 2013, Lexington Realty Trust acquired a portfolio of three parcels of land in New York. While LXP did cut the dividend back in 2019, it had more to do with LXP’s transition from higher yielding (but higher risk) office assets to lower yielding (but faster growing) industrial properties. Looking forward, I see room for dividend growth, as LXP’s portfolio transition is nearly complete. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions. It has taken 6 years, but the company has nearly completed its transformation from a polyglot Net Lease REIT to an Industrial REIT.

Lexington Realty Trust downgraded to hold from buy at Stifel Nicolaus

LXP is an intriguing possibility for both growth and income, but for the time being, it is still unproven, and with so many great sizzling-hot Industrials to choose from, there is just no need to gamble on this one yet. Like all other Industrial REITs, LXP Industrial Trust faces risks from natural disasters, telecommunication failures, blackouts, terrorism, war, and cyber security attacks. Those possible attacks include hacking, viruses, vandalism, theft, malicious software, phishing, unauthorized access, and employee error or malfeasance. Here is a side-by-side comparison, between LXP and 3 other Industrial REITs in the market cap sweet spot.

Help our agents identify you so they can offer more personalized support. When I last wrote about Lexington Realty Trust, I was enticed by the fact that growth looked to be resuming. https://trading-market.org/here-are-the-13-best-twitter-accounts-to-follow/ I don’t think it offers attractive upside in the foreseeable future. There has also been a big shakeup on the board in the past month or two, driven by an activist investor.

REITs Can be Risky Now. Here Are 10 With Strong Rent Collection and Lower Debt.

Lexington Realty Trust is a publicly traded real estate investment trust. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions. LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. Robert Roskind in October 1993 and is headquartered in New York, NY.

This may prove to be a new lease on life (no pun intended) for LXP and its shareholders. At the close of December 2021, LXP also entered into a joint venture (JV) to recapitalize 22 of their facilities, totaling 6.7 msf of non-warehouse space for a variety of uses, such as manufacturing, cold storage, assembly, and R&D. LXP now owns and operates 102 properties, comprising 48.8 msf (million square feet), 99% of it leased, with a weighted average remaining lease term of 6.7 years. To sign up for Email alerts on LXP’s Events, Documents, Press Releases and closing stock price information,

click here

to visit the Email Notification page. Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users. Please declare your traffic by updating your user agent to include company specific information.

About LXP Industrial Trust

The company said the shares were previously held by an affiliate of Apollo… LXP’s newly acquired Industrial facilities are not in bad locations, but other Industrial REITs are better positioned. Similarly, LXP is fairly new to the business of supply chain assets, and management has less experience and shallower roots in the industry than competitors in the Industrial REIT sector. With 95% of our gross assets now industrial, we have substantially completed our portfolio transformation to a predominantly single tenant industrial REIT.

You must click the activation link in order to complete your subscription. LXP’s common stock is listed on the New York Stock Exchange under the symbol “LXP”. For more detailed stock information, please

click here

to visit our stock information page. For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer.

Analysts Offer Insights on Financial Companies: Charles Schwab (SCHW) and LXP Industrial Trust (LXP)

To obtain more information regarding earnings estimates, reach out to LXP’s Investor Relations Department.

• As of December 31, 2012, the Company had interests in approximately 220 consolidated office, industrial and retail properties containing approximately 41.2 million square feet of rentable space, which were approximately 97.3% leased.
• Lexington Property Trust has done an impressive job of transitioning its property portfolio towards the safer and growing industrial segment.
• Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions.
• Please declare your traffic by updating your user agent to include company specific information.
• Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

By using this site, you are agreeing to security monitoring and auditing. Lexington expects to use approximately $22.0 million of the net proceeds of the offering to repay all of the outstanding borrowings under its secured credit facility and the balance for general corporate https://currency-trading.org/cryptocurrencies/what-is-testing-as-a-service/ purposes, including acquisitions. The P/FFO ratio of 18.8 is considerably below the current REIT average, and the discount to NAV OF 8.6% means investors are getting the shares on the cheap. Combined with the above-average Yield, this makes LXP attractive to income investors.

At year’s end in 2015, LXP had a portfolio that consisted of only 16% warehouse and distribution facilities, with the rest distributed among a grab bag of manufacturing, cold storage, office, and other facilities. Three years later, the https://day-trading.info/gitlab-vs-github/ mix was almost 50/50, with warehouse and distribution accounting for 48% of the portfolio by gross book value. By the end of Q3 2021, the portfolio was 93% industrial, with office, manufacturing, and cold storage accounting for just 7%.

You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. The transformation puts LXP in a position to benefit from the e-commerce boom. This is a lucrative trend, as Hoya Capital has extensively documented.

Investor FAQs

Within the past month, LXP has climbed into the market cap sweet spot ($4B – $10B), by the skin of its teeth. The company’s Liquidity Ratio (Assets/Liabilities) is solid at 2.20, and so is the Debt/EBITDA of 5.4x. By providing your email address below, you are providing consent to LXP to send you the requested Investor Email Alert updates.