Lexington Realty Trust (LXP)
NYSEReal EstateReit - IndustrialSnapshot 2026-09-04
$60.78+0.10%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-09-04
QuarterlyIQ Insights · LXP
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-09-04.
The screen ranks LXP against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 2 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Real Estate names rated strong grew net income 57% of the time over the next year (vs 53% for the rest of the cohort, n=2778).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to grow Adjusted Company Funds From Operations with revised and increased guidance for 2026 reflecting leasing and acquisition activity.
Stated as a priority in 4 of last 4 quarters. Management revised and increased Adjusted Company FFO guidance for 2026 from $3.22-$3.37 to $3.30-$3.40 per diluted common share as of 2026-Q2, reflecting leasing and acquisition activity. The trajectory shows delivering progress with guidance increases consistent with management's stated focus.
“LXP revised and increased its 2026 Adjusted Company FFO guidance to a new range of $3.30 to $3.40.”
“LXP is reaffirming its expectation that Adjusted Company FFO guidance for 2026 will be within $3.22 to $3.37 per diluted common share.”
“LXP estimates its Adjusted Company FFO guidance for 2026 will be within $3.22 to $3.37 per diluted common share.”
“LXP is tightening its estimated Adjusted Company FFO for 2025 to be within $0.63 to $0.64 per diluted common share.”
Provide annual net income guidance reflecting expected earnings per diluted common share for 2026.
Stated as a priority in 4 of last 4 quarters. Net income guidance for 2026 was initially estimated at a range including negative to $0.14 per share in 2026-Q1, then revised upward to $2.38 to $2.48 per share by 2026-Q2. The trajectory shows a significant upward revision, indicating management's evolving expectations.
“LXP estimates net income attributable to common shareholders for 2026 will be within $2.38 to $2.48 per diluted common share.”
Continue leasing activity and development projects to increase portfolio occupancy, rents, and industrial real estate footprint.
Stated as a priority in 3 of last 3 quarters. Leasing activity increased from 0.7 million sq ft in 2026-Q1 to 2.3 million sq ft in 2026-Q2, with Base and Cash Base Rents rising significantly. The trajectory is delivering on management's leasing and development growth objectives.
“Completed 2.3 million square feet of new and extended second-generation leases, increasing Base and Cash Base Rents by 43.1% and 26.2%.”
Focus on strategic acquisitions and dispositions to optimize portfolio and capital structure.
Stated as a priority in 3 of last 3 quarters. Management completed a $103.2 million acquisition of infill land in Phoenix in 2026-Q2 with a 15.7% cash yield, following prior acquisitions and significant dispositions in 2026-Q1 and 2025-Q4. The trajectory shows active capital deployment consistent with stated priorities.
“Acquired a 37-acre infill covered land investment in Phoenix for $103.2 million and an initial cash yield of 15.7%.”
Extend debt maturities, reduce borrowing costs, and repurchase shares to optimize capital structure and return value to shareholders.
Over the trailing year it converted 5.18x of net income into operating cash flow. Historically, Real Estate names rated robust grew net income 63% of the time over the next year (vs 45% for the rest of the cohort, n=2211).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
8 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated neutral grew net income 56% of the time over the next year (vs 48% for the rest of the cohort, n=877).
Not investment advice. As of 2026-09-04.
“LXP estimates net income attributable to common shareholders for 2026 will be within $(0.01) to $0.14 per diluted common share.”
“LXP estimates net income attributable to common shareholders for 2026 will be within $(0.01) to $0.14 per diluted common share.”
“LXP now estimates net income attributable to common shareholders for 2025 will be within $0.25 to $0.26 per diluted common share.”
“Completed an additional 0.7 million square feet of new leases and lease extensions, increasing Base and Cash Base Rents by 34.1% and 24.3%.”
“Leased over two million square feet at Base and Cash Base rental increases of approximately 27% and 23%, respectively.”
“Acquired one warehouse facility in Atlanta for $30 million.”
“Disposed of 11 warehouse facilities for gross proceeds of $389.1 million.”