LXP Industrial Trust: A Speculative Case For M&A [Seeking Alpha]
LXP Industrial Trust (Maryland REIT) (LXP)
Last lxp industrial trust (maryland reit) earnings: 2/20 06:00 am
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US:NYSE Investor Relations:
ir.lxp.com
Company Research
Source: Seeking Alpha
The mix of good assets, reasonable valuation, and underperformance vs. peers, coupled with the consolidation trend in REITs, suggests that LXP may be more valuable as an M&A acquisition for another industrial REIT than as an independent REIT. We identify three potential buyers and consider the speculative case for M&A. Evolution from Diversified to Industrial REIT LXP has not always been an industrial REIT. In an October 2021 letter to shareholders LXP discussed its rather lengthy evolution from a diversified net-lease REIT with a heavy focus on office properties to a pure-play industrial REIT focused on single-tenant warehouse and distribution properties. The evolution is summarized below. In LXP's view, they were essentially an industrial REIT by mid 2021, i.e. three years ago. On 15 December 2021, Lexington Realty Trust marked this progress by rebranding as LXP Industrial Trust. Joint Ventures As part of this transition, LXP formed two joint ventures "JV," the Office
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LXP
News
- LXP Industrial Trust (NYSE: LXP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- LXP Industrial Trust (NYSE: LXP) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- LXP Industrial Trust to Report First Quarter 2024 Results and Host Conference Call May 2, 2024GlobeNewswire
- LXP Industrial Trust (NYSE: LXP) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- LXP Industrial Trust Announces Quarterly Common Share DividendGlobeNewswire
LXP
Earnings
- 2/15/24 - In-Line
LXP
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- LXP's page on the SEC website