LXP Industrial: Attractive Dividend Yield, Upside Potential In A Lower Rate Environment

Summary

• LXP Industrial owns a high-quality portfolio of single-tenant industrial properties across the U.S.
• The company recently became a pure-play industrial REIT after fully exiting its office portfolio.
• While LXP carries higher leverage, it has maintained its high-yield dividend.
• Shares have held flat since my last update, but I remain bullish on its prospects.
• In my view, strong leasing momentum, robust same-property performance, and positive trends in its debt profile position LXP well for future gains.

Thomas Barwick

LXP Industrial Trust (NYSE:LXP) owns and operates single-tenant industrial real estate across the U.S., with key markets in Phoenix, Arizona, Greenville, South Carolina, and Atlanta, Georgia. Collectively, these markets account for approximately 30% of their annualized base rents. Major tenants of LXP include prominent names such

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.