LXP Industrial Trust (LXP) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.02	-$0.03	-250.0%	—	$88.1M	—
Q1 26	—	-$0.03	—	—	$85.9M	—
Q4 25	-$0.07	$0.46	+757.1%	—	$86.7M	—
Q3 25	—	-$0.19	—	—	$86.9M	—
Q2 25	-$0.05	-$0.08	-60.0%	—	$87.7M	—
Q1 25	-$0.16	$0.3	+287.5%	—	$88.9M	—
Q4 24	-$0.1	$0.19	+290.0%	—	$100.9M	—
Q3 24	-$0.1	-$0.11	-10.0%	—	$85.6M	—
Q2 24	-$0.1	-$0.07	+30.0%	—	$85.8M	—
Q1 24	-$0.05	-$0.03	+40.0%	—	$86.3M	—
Q4 23	-$0.01	$0.2	+2100.0%	—	$83M	—
Q3 23	$0.02	$0.2	+900.0%	—	$85.4M	—
Q2 23	$0.02	-$0.15	-850.0%	—	$87M	—
Q1 23	-$0.01	$0.15	+1600.0%	—	$85.1M	—
Q4 22	-$0.02	$0.65	+3350.0%	—	$81.1M	—
Q3 22	$0.04	$0.4	+900.0%	—	$80.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.82	—	—	$350.2M	—
FY24	—	$0.65	—	—	$358.5M	—
FY23	—	$0.08	—	—	$340.5M	—
FY22	—	$0.38	—	—	$321.2M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$429.5M	$392.7M	$397M	$326M	$330.4M	$344M	$321.2M	$340.5M	$358.5M	$350.2M
YoY change	-0.31%	-8.57%	+1.09%	-17.9%	+1.37%	+4.1%	-6.61%	+5.99%	+5.27%	-2.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	429.5M	392.7M	397M	326M	330.4M	344M	321.2M	340.5M	358.5M	350.2M
Cost of revenue	213.4M	223.2M	210.9M	189.6M	203.5M	224M	235.4M	241.9M	253.4M	261M
Gross profit	216.1M	169.5M	186.1M	136.4M	126.9M	120M	85.8M	98.6M	105.1M	89.2M
Gross margin	50.3%	43.2%	46.9%	41.8%	38.4%	34.9%	26.7%	29%	29.3%	25.5%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	31.1M	34.2M	31.7M	30.8M	30.4M	35.5M	38.7M	36.3M	40M	40.1M
Operating expenses	31.1M	34.2M	31.7M	30.8M	30.4M	35.5M	38.7M	36.3M	40M	40.1M
Operating income	185M	135.4M	154.4M	105.6M	96.6M	84.5M	47M	62.3M	65.1M	49.2M
Operating margin	43.1%	34.5%	38.9%	32.4%	29.2%	24.6%	14.6%	18.3%	18.2%	14%
Non-operating income, net	-6.7M	31.9M	156.4M	243.3M	146.8M	348.8M	99.8M	19.4M	47.3M	136.5M
Pretax income	90.3M	89.4M	230.9M	283.8M	188.1M	386.6M	101.3M	35.3M	45.9M	122.7M
Income tax	1.4M	1.9M	1.7M	1.4M	1.6M	1.3M	1.1M	703K	-127K	699K
Net income	96.5M	86.6M	230.9M	285.3M	186.4M	385.1M	116.2M	35.9M	42.8M	117.6M
Net margin	22.5%	22.1%	58.2%	87.5%	56.4%	111.9%	36.2%	10.5%	11.9%	33.6%
EBITDA	368.1M	322.3M	328.4M	261.9M	265.3M	269.1M	235.3M	255.9M	273.6M	256.6M
EPS	0.38	0.33	0.93	1.15	0.66	1.35	0.38	0.08	0.65	1.82
Diluted EPS	0.37	0.33	0.93	1.15	0.66	1.34	0.38	0.08	0.65	1.82

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	85.4M	83M	86.3M	85.8M	85.6M	100.9M	88.9M	87.7M	86.9M	86.7M	85.9M	88.1M
Cost of revenue	60.3M	58.9M	62.7M	63.8M	63.4M	63.5M	67.6M	65.2M	64.5M	63.7M	63.7M	64.2M
Gross profit	25.2M	24M	23.6M	22M	22.2M	37.4M	21.2M	22.5M	22.4M	23.1M	22.2M	23.9M
Gross margin	29.5%	29%	27.3%	25.6%	25.9%	37.1%	23.9%	25.6%	25.8%	26.6%	25.9%	27.1%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	8.6M	9.5M	9.5M	9.2M	11M	10.3M	10.4M	9.6M	9.3M	10.7M	10.3M	9.7M
Operating expenses	8.6M	9.5M	9.5M	9.2M	11M	10.3M	10.4M	9.6M	9.3M	10.7M	10.3M	9.7M
Operating income	16.5M	14.6M	14.1M	12.7M	11.1M	27.2M	10.8M	12.9M	13.1M	12.4M	12M	14.2M
Operating margin	19.4%	17.5%	16.3%	14.8%	13%	27%	12.2%	14.7%	15.1%	14.3%	13.9%	16.1%
Non-operating income, net	7.5M	20.1M	3.8M	10.8M	11.7M	21M	24.8M	33.2M	46.8M	31.7M	3.5M	393K
Pretax income	13.1M	20.8M	851K	5.9M	6.8M	32.4M	19.4M	29.6M	43.8M	30M	2.3M	1.3M
Income tax	220K	57K	125K	83K	21K	-356K	215K	199K	184K	101K	136K	164K
Net income	12.9M	19.5M	-555K	4.8M	5.6M	33M	18.2M	28.4M	42.4M	28.7M	-291K	-8K
Net margin	15.1%	23.5%	-0.64%	5.6%	6.56%	32.7%	20.4%	32.4%	48.7%	33.1%	-0.34%	-0.01%
EBITDA	16.9M	16.8M	17.8M	14.9M	11.8M	27.8M	11.4M	13.6M	13.7M	13.3M	13.5M	14.6M
EPS	0.04	—	-0.01	0.01	0.02	—	0.3	0.45	0.6	0.46	-0.03	-0.03
Diluted EPS	0.04	—	-0.01	0.01	0.02	—	0.3	0.45	0.6	0.46	-0.03	-0.03

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	12.6B	11.5B	9.7B	12.6B	—	21.7B	14B	14.4B	—	2.9B	3.6B
Enterprise value	14.3B	13.3B	10.9B	13.7B	—	22.9B	15.4B	15.7B	—	4B	5B
Shares outstanding	233.6M	237.8M	236.7M	237.6M	266.9M	277.6M	279.9M	290.2M	58.3M	58.4M	58.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	130.8	132.4	42.1	44.2	—	56.3	120.6	400.8	—	24.6	61.5
P/S	29.4	29.2	24.5	38.7	—	63	43.7	42.3	—	8.27	10.3
P/B	8.93	8.56	7.21	7.32	—	9.33	5.86	6.35	—	1.41	1.94
EV/EBITDA	38.8	41.3	33.2	52.4	—	85.1	65.2	61.5	—	15.5	21.2
EV/Sales	33.2	33.9	27.5	42.1	—	66.5	47.8	46.2	—	11.4	14.5
Earnings yield	0.76%	0.76%	2.38%	2.26%	—	1.78%	0.83%	0.25%	—	4.06%	1.63%
FCF yield	1.87%	1.85%	2.08%	1.38%	—	0.95%	1.15%	1.33%	—	5.66%	5.11%
PEG	—	—	—	—	—	—	—	—	—	—	-0.58

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	50.3%	43.2%	46.9%	41.8%	38.4%	34.9%	26.7%	29%	29.3%	25.5%	27.1%
Operating margin	43.1%	34.5%	38.9%	32.4%	29.2%	24.6%	14.6%	18.3%	18.2%	14%	16.1%
Net margin	22.5%	22.1%	58.2%	87.5%	56.4%	111.9%	36.2%	10.5%	11.9%	33.6%	18.7%
ROE	6.83%	6.46%	17.1%	16.5%	9.36%	16.6%	4.86%	1.59%	2.02%	5.74%	3.5%
ROA	2.8%	2.44%	7.82%	8.97%	5.34%	9.61%	2.87%	0.86%	1.11%	3.33%	0.9%
ROIC	5.95%	4.17%	6.03%	3.72%	3.13%	2.39%	1.25%	1.7%	1.87%	1.56%	1.59%
Return on tangible assets	4.29%	3.68%	10.9%	12.1%	6.06%	10.6%	3.11%	0.91%	1.28%	3.5%	2.38%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.63	0.57	2.64	1.91	2.07	2.18	1.31	3.12	1.4	2.02	1.03
Quick ratio	1.63	0.57	2.64	1.91	2.07	2.18	1.31	3.12	1.4	2.02	0.81
Debt / equity	1.23	1.45	1.01	0.71	0.63	0.6	0.58	0.73	0.69	0.62	0.7
Debt / assets	0.5	0.55	0.46	0.38	0.36	0.35	0.34	0.4	0.38	0.36	0.37
Net debt / EBITDA	4.47	5.69	3.64	4.2	4.02	4.49	5.66	5.21	4.96	4.25	22.7
Interest coverage	2.03	2.15	3.89	5.36	4.41	9.28	3.23	1.76	1.69	2.95	2.37
Effective tax rate	1.59%	2.14%	0.75%	0.49%	0.84%	0.33%	1.09%	1.99%	0%	0.57%	0.76%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	1.84	1.65	1.68	1.37	1.24	1.24	1.15	1.17	6.15	6	5.97
EPS (basic)	0.38	0.33	0.93	1.15	0.66	1.35	0.38	0.08	0.65	1.82	1.82
EPS (diluted)	0.37	0.33	0.93	1.15	0.66	1.34	0.38	0.08	0.65	1.82	0.99
Book value per share	6.05	5.64	5.69	7.26	7.46	8.37	8.54	7.81	36.4	35.1	31.4
FCF per share	1.01	0.89	0.85	0.73	0.69	0.74	0.58	0.66	3.32	2.81	2.97
Cash per share	0.37	0.45	0.71	0.52	0.67	0.69	0.19	1.13	1.75	2.92	0.3
Capex per share	—	—	—	—	—	—	—	—	—	0.43	0.33

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	7.11%	5.47%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	13.2%	9.92%
Payout ratio	172%	198.7%	76%	43.1%	63.5%	33.3%	122.6%	422.9%	369.2%	139.7%	280.3%
Dividend yield	1.31%	1.5%	1.81%	0.97%	—	0.59%	1.02%	1.06%	—	5.67%	4.6%

Yield

4.6%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.70

ex-dividend Jun 30, 2026

Payout ratio

280%

of earnings

Dividend growth

6 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$0.70
Mar 31, 2026	$0.70
Dec 31, 2025	$0.70

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$85.4M	$83M	$86.3M	$85.8M	$85.6M	$100.9M	$88.9M	$87.7M	$86.9M	$86.7M	$85.9M	$88.1M
YoY change	+6.66%	+2.28%	+1.38%	-1.45%	+0.17%	+21.6%	+3.03%	+2.25%	+1.56%	-14%	-3.28%	+0.45%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	86.6M	107.8M	168.8M	122.7M	178.8M	190.9M	54.4M	329.4M	101.8M	170.4M
Receivables	7.5M	5.5M	3.5M	3.2M	2.9M	3.5M	3M	5.3M	2.1M	3.5M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	274.8M	173.2M	303.3M	198.8M	265.8M	340.4M	195.4M	424.5M	189.9M	258.7M
Property, plant & equipment	—	—	—	38.1M	31.4M	28M	24M	19.3M	16.5M	8.7M
Goodwill & intangibles	1.2B	1.2B	839.2M	819.5M	418.6M	380.7M	310.3M	246.4M	491.4M	173.3M
Total assets	3.4B	3.6B	3B	3.2B	3.5B	4B	4.1B	4.2B	3.8B	3.5B
Accounts payable	59.6M	38.6M	30.8M	29.9M	55.2M	77.6M	74.3M	58M	57.1M	54.6M
Short-term debt	—	160M	—	—	—	—	—	—	—	—
Total current liabilities	168.4M	303.3M	114.7M	104.1M	128.3M	156.2M	149.7M	136.3M	135.4M	128.1M
Long-term debt	1.7B	1.8B	1.4B	1.2B	1.2B	1.4B	1.4B	1.7B	1.5B	1.3B
Total liabilities	2B	2.2B	1.6B	1.5B	1.5B	1.7B	1.7B	1.9B	1.7B	1.5B
Shareholders' equity	1.4B	1.3B	1.3B	1.7B	2B	2.3B	2.4B	2.3B	2.1B	2B
Total debt	1.7B	1.9B	1.4B	1.2B	1.2B	1.4B	1.4B	1.7B	1.5B	1.3B
Net debt	1.6B	1.8B	1.2B	1.1B	1.1B	1.2B	1.3B	1.5B	1.4B	1.1B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	35.4M	329.4M	293.8M	48.7M	55M	101.8M	70.9M	71M	229.7M	170.4M	130.1M	18M
Receivables	6.6M	5.3M	4.5M	2.9M	1.7M	2.1M	2.4M	3.1M	2.8M	3.5M	4M	2.9M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	132.6M	424.5M	406.7M	152.6M	256.2M	189.9M	164.8M	159.7M	319.4M	258.7M	219.5M	120.4M
Property, plant & equipment	20.4M	19.3M	18.3M	17.3M	16.1M	16.5M	15.4M	14.3M	13.1M	8.7M	7.6M	6.7M
Goodwill & intangibles	637.1M	246.4M	622M	622M	597.6M	491.4M	628.9M	475.4M	466.8M	173.3M	443.4M	488M
Total assets	3.9B	4.2B	4.2B	3.9B	3.9B	3.8B	3.8B	3.7B	3.7B	3.5B	3.5B	3.5B
Accounts payable	57.3M	58M	61.3M	63.7M	60M	57.1M	46.2M	53.7M	53M	54.6M	38.5M	61.8M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	15M
Total current liabilities	132.8M	136.3M	146.5M	136.4M	141M	135.4M	127M	124.9M	131.1M	128.1M	110.7M	148.2M
Long-term debt	1.4B	1.7B	1.7B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.3B	1.3B	1.3B
Total liabilities	1.6B	1.9B	1.9B	1.7B	1.7B	1.7B	1.7B	1.6B	1.6B	1.5B	1.5B	1.5B
Shareholders' equity	2.3B	2.3B	2.2B	2.2B	2.1B	2.1B	2.1B	2.1B	2.1B	2B	2B	2B
Total debt	1.4B	1.7B	1.7B	1.5B	1.5B	1.5B	1.4B	1.4B	1.4B	1.3B	1.3B	1.3B
Net debt	1.3B	1.5B	1.5B	1.4B	1.4B	1.4B	1.3B	1.3B	1.2B	1.1B	1.1B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	96.5M	86.6M	230.9M	285.3M	186.4M	385.1M	116.2M	35.9M	42.8M	117.6M
Depreciation & amortization	170M	177.6M	172.1M	154.1M	168M	183.2M	187.4M	190.7M	200.8M	204.6M
Stock-based compensation	—	—	—	—	—	—	—	—	—	—
Change in working capital	-3.5M	1.8M	-4.1M	3.5M	2.9M	9.1M	-951K	3.9M	8.6M	-3.8M
Operating cash flow	226.1M	251.2M	372.8M	430.2M	345.8M	565.9M	295.5M	220.4M	247.3M	188.7M
Capital expenditure	—	—	—	—	—	—	—	—	—	-24.9M
Investing cash flow	-62.4M	149.6M	-15.5M	-17M	-12M	-12.4M	-10M	-137.5M	121.3M	-25.5M
Dividends paid	-165.9M	-172.1M	-175.5M	-122.8M	-118.4M	-128.3M	-142.5M	-151.9M	-158.2M	-164.3M
Share repurchases	-9M	0	-50M	-3.6M	-11M	0	-130.7M	-2.7M	-2M	-32M
Financing cash flow	-509.3M	-60.4M	-1B	-53.2M	342.6M	684.1M	-93.9M	119M	-395M	-418.3M
Net change in cash	-345.7M	340.4M	-660.3M	360M	676.5M	1.2B	191.6M	201.9M	-26.3M	-255.1M
Free cash flow	235.4M	212.7M	202.3M	174.4M	184.6M	205.1M	161.7M	191.5M	193.4M	163.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	—	—	—	—	—	—	—	—	—	—	—	—
Depreciation & amortization	—	—	—	—	—	—	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	—	—	—	—	—	—	—	—
Change in working capital	—	—	—	—	—	—	—	—	—	—	—	—
Operating cash flow	—	—	—	—	—	—	—	44.3M	63.5M	41.9M	37.5M	48.7M
Capital expenditure	—	—	—	—	—	—	—	-8.8M	-6.6M	-6.6M	-3.4M	-2.4M
Investing cash flow	-9.6M	3.4M	-1.7M	-1.3M	-2.7M	-2.9M	-802K	-10.4M	-3.5M	-7.8M	-1.3M	-12.1M
Dividends paid	-37.9M	-37.9M	-39.5M	-39.5M	-39.5M	-39.6M	-41M	-41.1M	-41.1M	-41.1M	-43M	-42.3M
Share repurchases	-30K	-2.5M	-1.9M	-27K	-67K	-65K	-1M	-26.7M	-220K	-4M	-19M	0
Financing cash flow	-40.9M	244.9M	-47.2M	-262.7M	-40.7M	-44.3M	-93.1M	-68.7M	-58.4M	-198.2M	-71M	-62.8M
Net change in cash	-50.6M	248.2M	-49M	-264.1M	-43.4M	-47.2M	-93.9M	-34.8M	1.5M	-164M	-34.8M	-26.1M
Free cash flow	56.6M	50.2M	36.3M	37.4M	56.8M	62.9M	36M	35.5M	56.9M	35.4M	34M	46.3M

LXP Industrial Trust Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history