LXP Industrial Trust (LXP) Financials

$52.07 -0.33 (-0.63%)

As of 10:48 AM Eastern

Annual Income Statements for LXP Industrial Trust

This table shows LXP Industrial Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	105	89	79	221	273	177	376	107	24	38	106
Consolidated Net Income / (Loss)	115	96	86	227	280	186	383	116	36	45	113
Net Income / (Loss) Continuing Operations	113	96	87	231	285	186	385	116	36	43	118
Total Pre-Tax Income	112	90	89	231	284	188	387	101	35	46	123
Total Operating Income	142	185	135	312	351	82	446	103	46	104	195
Total Gross Profit	371	382	343	354	284	289	297	266	282	298	286
Total Revenue	431	429	393	397	326	330	344	321	341	358	350
Operating Revenue	431	429	393	397	326	330	344	321	341	358	350
Total Cost of Revenue	60	47	49	43	42	42	47	55	58	61	64
Operating Cost of Revenue	60	47	49	43	42	42	47	55	58	61	64
Total Operating Expenses	229	197	208	43	-67	207	-149	163	236	194	91
Selling, General & Admin Expense	29	31	34	32	31	30	35	39	36	40	40
Depreciation Expense	163	166	174	168	148	162	177	181	184	193	197
Impairment Charge	37	-	-	96	5.33	14	5.54	3.04	16	0.00	0.00
Restructuring Charge	-	-	-	-	-	0.26	0.43	-	-	0.50	0.18
Other Special Charges / (Income)	0.00	-	-	-253	-251	-	-367	-59	-	-40	-146
Total Other Income / (Expense), net	-30	-95	-46	-81	-67	106	-59	-1.81	-11	-59	-72
Interest Expense	65	89	72	82	70	34	61	46	47	66	75
Other Income / (Expense), net	11	-5.68	26	1.86	2.26	140	1.36	44	36	7.98	2.83
Income Tax Expense	0.57	1.44	1.92	1.73	1.38	1.58	1.29	1.10	0.70	-0.13	0.70
Other Gains / (Losses), net	1.75	7.59	-0.85	1.71	2.89	-0.17	-0.19	16	1.37	-3.18	-4.41
Preferred Stock Dividends Declared	-	6.29	6.29	6.29	6.29	6.29	6.29	6.29	6.29	6.29	6.29
Net Income / (Loss) Attributable to Noncontrolling Interest	3.50	0.83	1.05	3.78	5.78	3.31	2.95	2.65	5.77	-1.38	4.85
Basic Earnings per Share	$0.45	$0.38	$0.33	$0.93	$1.15	$0.66	$1.35	$0.38	$0.41	$0.65	$1.82
Weighted Average Basic Shares Outstanding	233.46M	233.63M	237.76M	236.67M	237.64M	266.91M	277.64M	279.89M	58.05M	58.29M	58.38M
Diluted Earnings per Share	$0.45	$0.37	$0.33	$0.93	$1.15	$0.66	$1.34	$0.38	$0.41	$0.65	$1.82
Weighted Average Diluted Shares Outstanding	233.75M	237.68M	241.54M	240.81M	237.93M	268.18M	287.37M	282.47M	58.24M	58.31M	58.57M
Weighted Average Basic & Diluted Shares Outstanding	72.62M	0.00	82.54M	235.28M	254.94M	277.55M	285.65M	292.55M	294.29M	295.73M	59.08M
Cash Dividends to Common per Share	-	-	-	-	-	$0.42	$0.44	$0.49	-	-	$2.73

This table shows LXP Industrial Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	11	13	-1.93	3.78	4.69	31	17	27	35	27	-1.94
Consolidated Net Income / (Loss)	13	20	-0.56	4.80	5.61	33	19	29	42	24	-0.29
Net Income / (Loss) Continuing Operations	13	19	-0.56	4.80	5.61	33	18	28	42	29	-0.29
Total Pre-Tax Income	13	21	0.85	5.89	6.79	32	19	30	44	30	2.28
Total Operating Income	24	33	14	21	22	48	35	44	59	56	14
Total Gross Profit	71	70	71	70	71	86	72	72	72	71	69
Total Revenue	85	83	86	86	86	101	89	88	87	87	86
Operating Revenue	85	83	86	86	86	101	89	88	87	87	86
Total Cost of Revenue	15	13	15	15	15	15	17	16	15	16	17
Operating Cost of Revenue	15	13	15	15	15	15	17	16	15	16	17
Total Operating Expenses	47	38	57	49	48	38	36	28	12	15	55
Selling, General & Admin Expense	8.61	9.47	9.49	9.25	11	10	10	9.63	9.33	11	10
Depreciation Expense	46	46	48	48	48	49	51	49	49	48	47
Other Special Charges / (Income)	-7.15	-18	0.00	-8.35	-11	-20	-25	-31	-46	-44	-2.30
Total Other Income / (Expense), net	-11	-12	-13	-15	-15	-15	-16	-15	-15	-26	-12
Interest Expense	11	14	17	18	16	16	17	15	16	27	14
Other Income / (Expense), net	0.39	2.25	3.77	2.43	0.60	0.67	0.52	0.74	0.61	0.96	1.52
Income Tax Expense	0.22	0.06	0.13	0.08	0.02	-0.36	0.22	0.20	0.18	0.10	0.14
Other Gains / (Losses), net	-0.01	-1.22	-1.28	-1.01	-1.16	0.27	-0.98	-0.96	-1.24	-1.23	-2.44
Preferred Stock Dividends Declared	1.57	1.57	1.57	1.57	1.57	1.57	1.57	1.57	1.57	1.57	1.57
Net Income / (Loss) Attributable to Noncontrolling Interest	0.29	4.93	-0.20	-0.55	-0.65	0.02	-0.69	-0.63	6.17	-0.00	0.08
Basic Earnings per Share	$0.04	$0.04	($0.01)	$0.01	$0.02	$0.11	$0.30	$0.09	$0.12	$0.46	($0.03)
Weighted Average Basic Shares Outstanding	290.29M	290.25M	291.29M	291.40M	291.53M	291.47M	58.34M	291.87M	292.03M	58.38M	58.16M
Diluted Earnings per Share	$0.04	$0.04	($0.01)	$0.01	$0.02	$0.11	$0.30	$0.09	$0.12	$0.46	($0.03)
Weighted Average Diluted Shares Outstanding	291.25M	291.19M	291.29M	291.62M	291.60M	291.56M	58.46M	292.21M	292.68M	58.57M	58.16M
Weighted Average Basic & Diluted Shares Outstanding	292.63M	294.29M	294.31M	294.34M	294.51M	295.73M	295.76M	295.79M	295.79M	59.08M	58.95M
Cash Dividends to Common per Share	$0.13	-	$0.13	$0.13	$0.13	-	-	$0.14	$0.14	$0.71	$0.70

This table details how cash moves in and out of LXP Industrial Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-98	14	-5.62	65	-48	50	12	-137	145	-97	69
Net Cash From Operating Activities	245	240	228	218	192	202	220	194	209	211	189
Net Cash From Continuing Operating Activities	245	240	228	218	192	202	220	194	209	211	189
Net Income / (Loss) Continuing Operations	115	96	87	231	285	186	385	116	36	43	118
Consolidated Net Income / (Loss)	115	96	87	231	285	186	385	116	36	43	118
Depreciation Expense	167	170	178	172	150	164	180	183	187	197	200
Amortization Expense	-	-	0.00	0.00	3.65	3.76	3.73	3.98	4.14	4.17	4.50
Non-Cash Adjustments To Reconcile Net Income	-56	-23	-35	-159	-250	-153	-353	-107	-17	-35	-123
Changes in Operating Assets and Liabilities, net	19	-3.82	-1.47	-26	2.37	0.68	5.20	-2.20	-0.41	2.43	-10
Net Cash From Investing Activities	-388	11	-283	555	-187	-494	-338	-237	-183	86	298
Net Cash From Continuing Investing Activities	-388	11	-283	555	-187	-494	-338	-237	-183	86	298
Purchase of Property, Plant & Equipment	-379	-172	-559	-316	-662	-612	-758	-132	-15	-162	-33
Acquisitions	-19	-37	-9.90	-10	-8.02	-7.53	-4.53	-3.23	-3.65	-1.31	-0.55
Purchase of Investments	-	-	-	-	-	-	0.00	0.00	-130	0.00	0.00
Sale of Property, Plant & Equipment	156	370	224	899	504	193	728	194	98	177	380
Sale and/or Maturity of Investments	6.47	10	140	3.33	17	8.06	8.35	20	10	137	5.02
Other Investing Activities, net	-153	-160	-84	-21	-38	-76	-312	-316	-143	-65	-54
Net Cash From Financing Activities	46	-237	50	-708	-53	343	129	-94	119	-395	-418
Net Cash From Continuing Financing Activities	46	-237	50	-708	-53	343	129	-94	119	-395	-418
Repayment of Debt	-151	-322	-194	-655	-232	-317	-789	-295	-143	-289	-207
Repurchase of Preferred Equity	-18	-8.97	-	-	-	-	-	-	0.00	0.00	-27
Repurchase of Common Equity	0.00	12	17	-50	194	211	61	85	-2.66	-2.02	-5.26
Payment of Dividends	-168	-169	-175	-179	-126	-120	-130	-144	-159	-163	-181
Issuance of Debt	368	255	410	176	110	567	966	280	423	85	0.00
Issuance of Common Equity	19	-	0.00	0.00	0.87	1.29	21	7.81	0.71	1.75	1.80
Other Financing Activities, net	-4.02	-4.02	-7.95	-	-	0.00	0.00	-28	0.00	-28	0.00
Cash Interest Paid	-	-	-	-	-	-	-	-	52	67	60
Cash Income Taxes Paid	-	-	-	-	-	-	-	-	0.95	0.27	0.92

This table details how cash moves in and out of LXP Industrial Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-49	317	-75	-153	-58	189	-70	-44	95	87	-78
Net Cash From Operating Activities	61	56	39	38	65	69	39	44	63	42	37
Net Cash From Continuing Operating Activities	-	209	0.00	-	-	211	0.00	-	-	189	0.00
Net Income / (Loss) Continuing Operations	-	36	0.00	-	-	43	0.00	-	-	118	0.00
Net Cash From Investing Activities	-7.60	-137	-28	110	-18	22	23	24	154	97	-6.86
Net Cash From Continuing Investing Activities	-7.60	-137	-28	110	-18	22	23	24	154	97	-6.86
Acquisitions	-2.39	-0.78	-0.61	-0.09	-0.52	-0.10	-0.25	-0.11	-0.19	-	-0.22
Sale of Property, Plant & Equipment	46	24	0.00	15	27	135	34	39	192	115	0.00
Other Investing Activities, net	-37	-34	-28	-37	-37	37	-11	-15	-12	-16	-6.65
Net Cash From Financing Activities	-41	245	-47	-263	-41	-44	-93	-69	-58	-198	-71
Net Cash From Continuing Financing Activities	-41	245	-47	-263	-41	-44	-93	-69	-58	-198	-71
Repayment of Debt	-53	-34	-1.33	-200	-16	-71	-51	-1.39	-1.40	-153	-9.00
Repurchase of Common Equity	-0.03	-0.41	-1.86	-0.03	-0.07	-0.07	-1.04	0.00	-0.22	-4.00	-19
Payment of Dividends	-38	-44	-40	-40	-40	-44	-41	-41	-58	-42	-43
Issuance of Common Equity	0.21	0.21	0.46	0.20	0.39	0.70	0.44	0.55	0.67	0.14	0.14
Cash Interest Paid	-	-	11	-	-	-	10	20	10	19	10
Cash Income Taxes Paid	-	-	0.13	-	-	-	0.22	0.43	0.18	0.10	0.15

This table presents LXP Industrial Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	3,808	3,441	3,553	2,954	3,180	3,493	4,006	4,054	4,193	3,843	3,537
Total Current Assets	231	243	120	245	133	199	277	58	335	104	174
Cash & Equivalents	93	87	108	169	123	179	191	54	199	102	170
Restricted Cash	11	31	4.39	8.50	6.64	0.63	0.10	0.12	0.22	0.24	0.26
Accounts Receivable	7.19	7.52	5.45	3.48	3.23	2.90	3.53	3.03	5.33	2.05	3.45
Plant, Property, & Equipment, net	3,398	3,028	3,310	2,556	2,856	3,115	-390	3,666	-505	-958	-1,027
Plant, Property & Equipment, gross	3,916	3,707	3,954	3,156	3,391	3,647	265	4,137	400	89	125
Accumulated Depreciation	1,180	1,209	1,226	954	888	884	656	800	905	1,047	1,152
Total Noncurrent Assets	841	700	704	507	544	532	4,119	659	4,362	4,698	4,390
Long-Term Investments	-	-	-	-	-	-	75	58	48	40	31
Intangible Assets	693	597	599	420	410	409	341	329	315	318	306
Other Noncurrent Operating Assets	148	103	105	87	96	91	3,703	145	3,927	4,339	4,052
Total Liabilities & Shareholders' Equity	3,808	3,441	3,553	2,954	3,180	3,493	4,006	4,054	4,193	3,843	3,537
Total Liabilities	2,346	2,029	2,212	1,607	1,456	1,502	1,682	1,663	1,927	1,723	1,489
Total Current Liabilities	290	128	270	94	84	111	127	138	109	115	108
Accounts Payable	41	60	39	31	30	55	78	74	58	57	55
Dividends Payable	45	47	50	49	32	35	37	38	40	41	45
Other Current Nonoperating Liabilities	-	-	-	0.39	0.00	0.79	12	1.15	11	11	9.22
Total Noncurrent Liabilities	2,044	1,901	1,942	1,513	1,372	1,391	1,555	1,525	1,818	1,607	1,380
Long-Term Debt	1,993	1,861	1,909	1,492	1,312	1,341	1,497	1,189	1,474	1,144	1,002
Noncurrent Deferred Revenue	43	40	33	21	20	17	29	11	27	20	20
Other Noncurrent Operating Liabilities	0.00	0.00	-	-	-	-	29	299	317	443	358
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,463	1,412	1,341	1,347	1,725	1,991	2,323	2,391	2,265	2,121	2,048
Total Preferred & Common Equity	1,440	1,393	1,324	1,330	1,705	1,971	2,291	2,353	2,232	2,098	2,037
Preferred Stock	94	94	94	94	94	94	94	94	94	94	94
Total Common Equity	1,346	1,299	1,230	1,236	1,611	1,877	2,197	2,259	2,138	2,004	1,943
Common Stock	2,777	2,801	2,819	2,773	2,977	3,196	3,253	3,320	3,330	3,315	3,314
Accumulated Other Comprehensive Income / (Loss)	-1.94	-1.03	1.07	0.08	-1.93	-18	-6.26	18	9.48	6.14	0.43
Other Equity Adjustments	-1,429	-1,501	-1,590	-1,537	-1,364	-1,302	-1,049	-1,079	-1,202	-1,317	-1,372
Noncontrolling Interest	23	20	17	17	20	20	32	38	33	22	12

This table presents LXP Industrial Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,011	4,005	3,962	3,929	4,156	3,886	3,854	3,760	3,717	3,709	3,467
Total Current Assets	32	47	28	42	299	52	57	74	74	233	134
Cash & Equivalents	29	43	23	35	163	49	55	71	71	230	130
Restricted Cash	0.11	0.12	0.12	0.21	0.22	0.23	0.23	0.24	0.25	0.25	0.17
Accounts Receivable	2.43	4.14	4.97	6.64	4.55	2.88	1.71	2.36	3.15	2.79	3.96
Plant, Property, & Equipment, net	3,704	-411	-401	-428	3,561	3,543	-850	-970	-995	-1,020	-1,063
Plant, Property & Equipment, gross	4,174	434	457	465	4,186	4,216	150	100	117	121	134
Accumulated Depreciation	748	845	858	893	936	983	1,000	1,071	1,112	1,142	1,197
Total Noncurrent Assets	552	4,369	4,335	4,315	608	602	4,648	4,656	4,638	4,496	4,395
Long-Term Investments	-	53	51	52	47	47	46	39	38	33	29
Intangible Assets	333	329	326	319	311	311	299	314	313	314	306
Other Noncurrent Operating Assets	121	3,882	3,846	3,869	161	163	4,123	4,295	4,286	4,149	4,060
Total Liabilities & Shareholders' Equity	4,011	4,005	3,962	3,929	4,156	3,886	3,854	3,760	3,717	3,709	3,467
Total Liabilities	1,809	1,644	1,644	1,635	1,936	1,725	1,728	1,663	1,631	1,635	1,468
Total Current Liabilities	281	108	113	107	137	128	115	103	106	110	94
Accounts Payable	88	57	64	57	61	64	60	46	54	53	39
Dividends Payable	35	38	38	38	40	40	40	41	42	42	44
Other Current Nonoperating Liabilities	2.82	12	10	12	0.62	0.02	16	15	10	15	11
Total Noncurrent Liabilities	1,528	1,537	1,531	1,528	1,798	1,597	1,613	1,560	1,525	1,525	1,374
Long-Term Debt	1,192	1,187	1,184	1,181	1,473	1,274	1,273	1,271	1,143	1,142	1,001
Noncurrent Deferred Revenue	12	27	25	25	8.97	8.51	26	24	19	21	17
Other Noncurrent Operating Liabilities	299	323	322	321	297	297	314	264	363	362	356
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,203	2,361	2,319	2,294	2,221	2,161	2,126	2,097	2,086	2,073	1,999
Total Preferred & Common Equity	2,167	2,323	2,281	2,256	2,189	2,134	2,100	2,075	2,064	2,061	1,988
Preferred Stock	94	94	94	94	94	94	94	94	94	94	94
Total Common Equity	2,073	2,229	2,187	2,162	2,095	2,040	2,006	1,981	1,970	1,967	1,893
Common Stock	3,135	3,320	3,323	3,325	3,328	3,310	3,312	3,317	3,320	3,323	3,306
Accumulated Other Comprehensive Income / (Loss)	18	14	16	14	8.42	6.20	2.52	2.93	1.60	1.01	1.40
Other Equity Adjustments	-1,079	-1,106	-1,152	-1,177	-1,242	-1,276	-1,309	-1,339	-1,351	-1,357	-1,414
Noncontrolling Interest	35	38	38	38	32	26	26	22	22	12	12

This table displays calculated financial ratios and metrics derived from LXP Industrial Trust's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	1.66%	-0.31%	-8.57%	1.09%	-35.77%	1.37%	4.10%	-6.61%	5.99%	5.27%	-2.30%
EBITDA Growth	-0.32%	9.00%	-3.06%	43.36%	9.06%	-23.17%	61.68%	-46.98%	-18.49%	14.94%	28.38%
EBIT Growth	-0.60%	16.96%	-10.16%	94.56%	51.04%	-37.21%	101.53%	-67.16%	-44.32%	37.40%	75.72%
NOPAT Growth	3.40%	28.96%	-27.23%	133.43%	42.45%	-76.70%	445.72%	-77.04%	-24.34%	36.24%	84.86%
Net Income Growth	17.88%	-16.77%	-10.50%	165.72%	46.64%	-33.41%	105.29%	-69.62%	-69.10%	19.24%	154.10%
EPS Growth	18.42%	-17.78%	-10.81%	181.82%	94.62%	-42.61%	103.03%	-71.64%	-78.95%	62.50%	180.00%
Operating Cash Flow Growth	14.10%	-2.09%	-4.98%	-4.41%	-35.30%	5.02%	9.17%	-11.83%	7.81%	0.83%	-10.64%
Free Cash Flow Firm Growth	-404.63%	195.82%	-111.95%	1,565.27%	-357.07%	-894.47%	432.28%	-135.51%	374.01%	-55.91%	39.58%
Invested Capital Growth	26.14%	-12.36%	5.84%	-23.57%	61.07%	6.79%	-1.03%	7.75%	-10.29%	-2.97%	-8.57%
Revenue Q/Q Growth	-0.24%	-2.56%	-7.97%	7.26%	245.07%	0.08%	0.93%	-1.65%	0.55%	5.25%	-3.87%
EBITDA Q/Q Growth	7.04%	17.96%	-1.75%	68.70%	1,271.36%	1.43%	37.35%	-39.26%	15.57%	8.21%	4.00%
EBIT Q/Q Growth	11.48%	37.85%	3.74%	137.16%	150,198.89%	-2.50%	55.44%	-60.25%	55.68%	13.57%	4.50%
NOPAT Q/Q Growth	13.75%	56.84%	-18.11%	182.28%	69.83%	-63.77%	203.32%	-71.50%	29.30%	18.00%	4.01%
Net Income Q/Q Growth	-2.27%	-16.87%	28.01%	-5.27%	850.02%	15.62%	68.17%	-65.44%	-33.08%	43.50%	-7.72%
EPS Q/Q Growth	-4.26%	-17.78%	22.22%	-1.06%	153.70%	4.76%	65.43%	-67.52%	-52.94%	116.67%	378.95%
Operating Cash Flow Q/Q Growth	6.21%	-1.73%	-1.63%	-3.25%	2.32%	0.05%	1.65%	-6.17%	8.14%	6.72%	-12.63%
Free Cash Flow Firm Q/Q Growth	-418.40%	552.24%	-184.68%	39.38%	1,087.12%	-59.75%	291.02%	-229.50%	18.33%	-25.49%	12.11%
Invested Capital Q/Q Growth	45.05%	16.28%	20.72%	21.19%	46.39%	13.41%	-0.39%	0.87%	-0.65%	1.98%	-3.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	86.15%	88.97%	87.47%	89.25%	348.44%	87.39%	86.25%	82.92%	82.85%	83.12%	81.61%
EBITDA Margin	74.39%	81.34%	86.24%	122.30%	622.73%	118.00%	183.26%	104.06%	80.02%	87.36%	114.79%
Operating Margin	32.93%	43.07%	34.47%	78.48%	326.43%	24.85%	129.60%	32.11%	23.13%	29.26%	55.57%
EBIT Margin	35.58%	41.75%	41.02%	78.95%	433.65%	67.15%	129.99%	45.72%	24.02%	31.35%	56.38%
Profit (Net Income) Margin	26.67%	22.26%	21.79%	57.29%	348.43%	56.41%	111.24%	36.19%	10.55%	11.95%	32.31%
Tax Burden Percent	102.56%	105.90%	95.74%	98.48%	400.23%	99.07%	98.98%	114.71%	101.88%	93.35%	92.21%
Interest Burden Percent	73.07%	50.36%	55.50%	73.68%	321.21%	84.79%	86.45%	69.00%	43.12%	40.84%	62.15%
Effective Tax Rate	0.51%	1.59%	2.14%	0.75%	1.94%	0.84%	0.33%	1.09%	1.99%	-0.28%	0.57%
Return on Invested Capital (ROIC)	3.72%	4.58%	3.47%	8.93%	11.04%	2.36%	12.55%	2.79%	2.15%	3.14%	6.37%
ROIC Less NNEP Spread (ROIC-NNEP)	2.58%	1.17%	1.55%	5.07%	13.94%	8.98%	8.09%	3.88%	-1.10%	-2.24%	-2.05%
Return on Net Nonoperating Assets (RNNOA)	4.01%	2.07%	2.75%	8.00%	14.38%	7.67%	5.19%	2.14%	-0.60%	-1.18%	-0.94%
Return on Equity (ROE)	7.73%	6.65%	6.22%	16.92%	36.80%	10.03%	17.74%	4.93%	1.54%	1.95%	5.43%
Cash Return on Invested Capital (CROIC)	-19.40%	17.76%	-2.21%	35.64%	14.51%	-4.20%	13.58%	-4.67%	13.00%	6.15%	15.33%
Operating Return on Assets (OROA)	4.04%	4.95%	4.61%	9.63%	23.04%	6.65%	11.93%	3.64%	1.98%	2.80%	5.35%
Return on Assets (ROA)	3.03%	2.64%	2.45%	6.99%	37.03%	5.59%	10.21%	2.88%	0.87%	1.07%	3.07%
Return on Common Equity (ROCE)	7.12%	6.12%	5.71%	15.53%	51.33%	9.42%	16.75%	4.66%	1.46%	1.84%	5.14%
Return on Equity Simple (ROE_SIMPLE)	7.98%	6.87%	6.46%	17.10%	49.88%	9.46%	16.70%	4.94%	1.61%	2.04%	0.00%
Net Operating Profit after Tax (NOPAT)	141	182	132	309	349	81	444	102	77	105	194
NOPAT Margin	32.76%	42.38%	33.73%	77.89%	216.02%	24.64%	129.16%	31.76%	22.67%	29.34%	55.25%
Net Nonoperating Expense Percent (NNEP)	1.14%	3.41%	1.92%	3.86%	4.26%	-6.61%	4.46%	-1.09%	3.25%	5.37%	8.42%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.83%	2.06%	3.10%	6.34%
Cost of Revenue to Revenue	13.85%	11.03%	12.53%	10.75%	25.78%	12.61%	13.75%	17.08%	17.15%	16.88%	18.39%
SG&A Expenses to Revenue	6.80%	7.24%	8.70%	7.98%	37.78%	9.19%	10.31%	12.05%	10.67%	11.17%	11.44%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	53.22%	45.90%	53.00%	10.77%	68.23%	62.54%	-43.35%	50.81%	59.72%	53.86%	26.05%
Earnings before Interest and Taxes (EBIT)	153	179	161	313	353	222	447	147	82	112	197
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	320	349	339	485	507	390	630	334	272	313	402
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.87	1.32	1.36	1.23	4.35	1.34	1.77	1.09	1.28	1.19	1.51
Price to Tangible Book Value (P/TBV)	1.80	2.44	2.64	1.86	5.84	1.71	2.10	1.28	1.50	1.42	1.79
Price to Revenue (P/Rev)	2.73	3.99	4.25	3.83	21.50	7.58	11.32	7.69	8.04	6.67	8.37
Price to Earnings (P/E)	11.17	19.23	21.09	6.88	25.39	14.17	10.36	23.03	114.69	63.06	27.55
Dividend Yield	13.63%	9.54%	10.14%	11.03%	18.73%	4.67%	3.21%	5.41%	5.40%	6.47%	5.50%
Earnings Yield	8.95%	5.20%	4.74%	14.52%	25.73%	7.06%	9.65%	4.34%	0.87%	1.59%	3.63%
Enterprise Value to Invested Capital (EV/IC)	0.79	0.96	0.95	0.98	4.97	1.07	1.49	0.98	1.16	1.10	1.32
Enterprise Value to Revenue (EV/Rev)	7.79	8.31	9.51	7.42	44.16	11.54	15.27	11.53	11.63	10.15	10.96
Enterprise Value to EBITDA (EV/EBITDA)	10.47	10.22	11.03	6.07	28.36	9.78	8.33	11.09	14.53	11.62	9.55
Enterprise Value to EBIT (EV/EBIT)	21.90	19.91	23.19	9.40	40.73	17.19	11.75	25.23	48.42	32.38	19.44
Enterprise Value to NOPAT (EV/NOPAT)	23.78	19.61	28.20	9.53	20.35	46.85	11.82	36.32	51.30	34.59	19.84
Enterprise Value to Operating Cash Flow (EV/OCF)	13.71	14.89	16.39	13.53	55.95	18.90	23.84	19.07	18.91	17.23	20.34
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.06	0.00	2.39	191.52	0.00	10.93	0.00	8.47	17.64	8.24
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.48	1.32	1.54	1.11	3.13	0.69	0.64	0.51	0.65	0.60	0.49
Long-Term Debt to Equity	1.36	1.32	1.42	1.11	3.13	0.69	0.64	0.51	0.65	0.60	0.49
Financial Leverage	1.55	1.76	1.77	1.58	2.12	0.85	0.64	0.55	0.55	0.53	0.46
Leverage Ratio	2.55	2.52	2.54	2.42	5.99	1.80	1.74	1.71	1.77	1.83	1.77
Compound Leverage Factor	1.87	1.27	1.41	1.78	4.81	1.52	1.50	1.18	0.76	0.75	1.10
Debt to Total Capital	59.74%	56.85%	60.68%	52.57%	131.80%	40.83%	39.19%	33.68%	39.42%	37.50%	32.85%
Short-Term Debt to Total Capital	4.87%	0.00%	4.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	54.87%	56.85%	55.98%	52.57%	131.80%	40.83%	39.19%	33.68%	39.42%	37.50%	32.85%
Preferred Equity to Total Capital	2.59%	2.87%	2.76%	3.31%	13.35%	2.79%	2.46%	2.61%	2.51%	2.77%	3.08%
Noncontrolling Interests to Total Capital	0.62%	0.60%	0.50%	0.59%	2.14%	0.61%	0.85%	1.06%	0.89%	0.66%	0.38%
Common Equity to Total Capital	37.05%	39.68%	36.07%	43.53%	167.11%	55.77%	57.50%	62.65%	57.18%	59.07%	63.68%
Debt to EBITDA	6.77	5.33	6.11	3.07	7.99	3.52	2.37	3.63	5.41	4.06	2.49
Net Debt to EBITDA	6.45	4.99	5.78	2.71	7.22	3.06	1.95	3.30	4.02	3.61	1.99
Long-Term Debt to EBITDA	6.22	5.33	5.64	3.07	7.99	3.52	2.37	3.63	5.41	4.06	2.49
Debt to NOPAT	15.37	10.22	15.62	4.83	16.18	16.87	3.37	11.90	19.09	12.10	5.18
Net Debt to NOPAT	14.64	9.57	14.77	4.25	13.73	14.67	2.77	10.80	14.20	10.75	4.14
Long-Term Debt to NOPAT	14.12	10.22	14.41	4.83	20.76	16.87	3.37	11.90	19.09	12.10	5.18
Altman Z-Score	0.53	0.84	0.66	1.11	4.36	1.34	1.89	1.07	1.06	1.02	1.49
Noncontrolling Interest Sharing Ratio	7.86%	8.01%	8.16%	8.25%	29.23%	6.14%	5.58%	5.49%	5.58%	5.56%	5.33%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.80	1.90	0.45	2.60	3.60	1.79	2.18	0.42	3.07	0.96	1.56
Quick Ratio	0.68	1.47	0.42	1.83	3.29	1.64	1.53	0.42	3.07	0.96	1.56
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-736	705	-84	1,234	18	-145	481	-171	468	206	466
Operating Cash Flow to CapEx	110.04%	0.00%	68.08%	0.00%	243.44%	48.15%	734.22%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-11.39	7.92	-1.18	14.97	2.92	-4.29	7.93	-3.75	10.06	3.10	6.23
Operating Cash Flow to Interest Expense	3.79	2.69	3.18	2.64	8.28	5.98	3.64	4.27	4.50	3.18	2.53
Operating Cash Flow Less CapEx to Interest Expense	0.35	4.92	-1.49	9.70	1.48	-6.44	3.14	5.64	6.28	3.41	7.18
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.12	0.11	0.12	0.32	0.10	0.09	0.08	0.08	0.09	0.09
Accounts Receivable Turnover	63.81	58.40	60.57	88.96	291.74	107.85	107.08	98.00	81.49	97.16	127.22
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.14	0.13	0.12	0.14	0.12	0.11	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	1.51	0.94	1.00	1.23	5.54	0.98	0.71	0.72	0.88	1.05	1.15
Days Sales Outstanding (DSO)	5.72	6.25	6.03	4.10	15.01	3.38	3.41	3.72	4.48	3.76	2.87
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	242.35	389.55	364.47	296.94	1,054.83	372.95	512.30	505.12	413.30	346.93	316.31
Cash Conversion Cycle (CCC)	-236.63	-383.30	-358.44	-292.83	-519.91	-369.57	-508.89	-501.40	-408.82	-343.18	-313.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,232	3,709	3,926	3,001	3,332	3,558	3,521	3,794	3,404	3,303	2,902
Invested Capital Turnover	0.11	0.11	0.10	0.11	0.49	0.10	0.10	0.09	0.09	0.11	0.12
Increase / (Decrease) in Invested Capital	877	-523	217	-925	331	226	-36	273	-391	-101	-272
Enterprise Value (EV)	3,357	3,571	3,736	2,947	10,752	3,815	5,253	3,705	3,960	3,638	3,839
Market Capitalization	1,174	1,714	1,668	1,520	2,152	2,506	3,895	2,472	2,737	2,391	2,933
Book Value per Share	$5.72	$5.48	$5.11	$5.23	$6.50	$6.78	$7.77	$8.19	$7.31	$6.81	$6.57
Tangible Book Value per Share	$2.78	$2.96	$2.62	$3.45	$4.85	$5.30	$6.56	$7.00	$6.23	$5.72	$5.53
Total Capital	3,633	3,273	3,410	2,839	3,076	3,365	3,820	3,605	3,740	3,393	3,051
Total Debt	2,170	1,861	2,069	1,492	1,351	1,374	1,497	1,214	1,474	1,272	1,002
Total Long-Term Debt	1,993	1,861	1,909	1,492	1,351	1,374	1,497	1,214	1,474	1,272	1,002
Net Debt	2,066	1,743	1,957	1,315	1,222	1,194	1,231	1,101	1,096	1,130	800
Capital Expenditures (CapEx)	223	-198	335	-583	158	419	30	-62	-83	-15	-348
Debt-free, Cash-free Net Working Capital (DFCFNWC)	15	-2.76	-102	-27	-81	-92	-41	-135	-104	-107	-108
Debt-free Net Working Capital (DFNWC)	119	115	10	150	49	88	150	-81	226	-4.61	63
Net Working Capital (NWC)	-58	115	-150	150	49	88	150	-81	226	-4.61	63
Net Nonoperating Expense (NNE)	26	86	47	82	70	-105	62	-14	41	62	80
Net Nonoperating Obligations (NNO)	2,770	2,297	2,585	1,654	1,607	1,567	1,198	1,403	1,138	1,182	854
Total Depreciation and Amortization (D&A)	167	170	178	172	154	168	183	187	191	201	205
Debt-free, Cash-free Net Working Capital to Revenue	3.46%	-0.64%	-25.94%	-6.75%	-81.55%	-27.73%	-11.88%	-42.08%	-30.44%	-29.76%	-30.85%
Debt-free Net Working Capital to Revenue	27.57%	26.78%	2.62%	37.90%	73.05%	26.56%	43.65%	-25.12%	66.36%	-1.29%	17.87%
Net Working Capital to Revenue	-13.51%	26.78%	-38.12%	37.90%	73.05%	26.56%	43.65%	-25.12%	66.36%	-1.29%	17.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.45	$0.38	$0.33	$0.93	$1.15	$0.66	$1.35	$0.38	$0.08	$0.13	$1.82
Adjusted Weighted Average Basic Shares Outstanding	233.46M	233.63M	237.76M	236.67M	237.64M	266.91M	277.64M	279.89M	290.25M	291.47M	58.38M
Adjusted Diluted Earnings per Share	$0.45	$0.37	$0.33	$0.93	$1.15	$0.66	$1.34	$0.38	$0.08	$0.13	$1.82
Adjusted Weighted Average Diluted Shares Outstanding	233.75M	237.68M	241.54M	240.81M	237.93M	268.18M	287.37M	282.47M	291.19M	291.56M	58.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.05)	$0.04	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	235.23M	83.24M	82.54M	235.28M	254.94M	277.55M	285.65M	292.55M	294.29M	295.73M	59.08M
Normalized Net Operating Profit after Tax (NOPAT)	178	182	132	153	105	96	84	47	61	46	49
Normalized NOPAT Margin	41.27%	42.38%	33.73%	38.61%	128.92%	29.05%	24.49%	14.50%	17.92%	12.70%	13.96%
Pre Tax Income Margin	26.00%	21.02%	22.76%	58.17%	348.23%	56.94%	112.38%	31.55%	10.36%	12.80%	35.04%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.37	2.01	2.25	3.80	10.15	6.57	7.38	3.23	1.76	1.69	2.64
NOPAT to Interest Expense	2.19	2.05	1.85	3.75	15.21	2.41	7.33	2.24	1.66	1.58	2.59
EBIT Less CapEx to Interest Expense	-1.07	4.24	-2.42	10.86	8.43	-5.85	6.88	4.60	3.54	1.92	7.29
NOPAT Less CapEx to Interest Expense	-1.26	4.27	-2.82	10.81	11.16	-10.01	6.84	3.61	3.44	1.82	7.24
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	146.60%	177.01%	204.88%	78.70%	89.75%	64.54%	33.97%	123.64%	443.38%	379.43%	160.22%
Augmented Payout Ratio	146.60%	164.26%	185.25%	100.70%	67.87%	-48.85%	18.14%	50.61%	450.79%	384.15%	164.87%

This table displays calculated financial ratios and metrics derived from LXP Industrial Trust's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	59,077,036.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	59,077,036.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.03
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.66%	2.28%	1.38%	-1.45%	0.17%	21.57%	3.03%	2.25%	1.56%	-13.99%	-3.28%
EBITDA Growth	-14.55%	-17.77%	0.44%	44.89%	2.23%	19.54%	32.37%	31.18%	53.05%	7.74%	-27.42%
EBIT Growth	-34.13%	-33.86%	-7.69%	554.74%	-5.24%	38.60%	101.78%	91.04%	162.28%	17.63%	-56.10%
NOPAT Growth	-35.17%	75.72%	-35.79%	789.45%	-4.90%	48.13%	192.38%	111.12%	166.34%	16.83%	-61.72%
Net Income Growth	-46.32%	-50.28%	-104.91%	159.65%	-55.68%	64.95%	3,372.43%	506.79%	654.62%	-32.20%	-101.53%
EPS Growth	-50.00%	-69.23%	-133.33%	133.33%	-50.00%	175.00%	700.00%	800.00%	500.00%	-14.81%	-110.00%
Operating Cash Flow Growth	3.35%	39.26%	3.65%	-30.21%	6.11%	23.78%	0.18%	15.18%	-1.70%	-39.41%	-3.91%
Free Cash Flow Firm Growth	288.64%	266.36%	-189.06%	-174.61%	-41.53%	-64.74%	287.02%	332.67%	37.42%	18.53%	-0.47%
Invested Capital Growth	-8.92%	-10.29%	6.94%	7.67%	-5.48%	-2.97%	-10.58%	-14.08%	-7.08%	-8.57%	-12.43%
Revenue Q/Q Growth	-1.87%	-2.89%	3.97%	-0.54%	-0.25%	17.86%	-11.89%	-1.29%	-0.93%	-0.18%	-0.92%
EBITDA Q/Q Growth	40.50%	16.28%	-19.33%	9.94%	-0.87%	35.96%	-10.67%	8.95%	15.66%	-4.28%	-39.82%
EBIT Q/Q Growth	571.43%	44.38%	-48.72%	31.72%	-2.82%	111.17%	-25.35%	24.71%	33.42%	-5.29%	-72.14%
NOPAT Q/Q Growth	898.15%	39.23%	-63.02%	73.10%	6.72%	116.86%	-27.02%	24.99%	34.64%	-5.87%	-75.83%
Net Income Q/Q Growth	257.36%	57.86%	-102.81%	965.05%	16.91%	487.49%	-44.92%	60.40%	45.40%	-44.50%	-101.24%
EPS Q/Q Growth	233.33%	0.00%	-125.00%	200.00%	100.00%	450.00%	-45.45%	50.00%	33.33%	283.33%	-106.52%
Operating Cash Flow Q/Q Growth	10.49%	-8.14%	-30.41%	-1.19%	67.99%	7.16%	-43.68%	13.61%	43.36%	-33.95%	-10.68%
Free Cash Flow Firm Q/Q Growth	10.54%	17.86%	-328.78%	-6.27%	186.63%	-28.93%	185.84%	32.21%	-48.84%	13.66%	29.45%
Invested Capital Q/Q Growth	-0.05%	-0.65%	-0.78%	-0.19%	-12.26%	1.98%	0.13%	-4.10%	-5.11%	-3.54%	-0.23%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.80%	84.68%	82.39%	81.95%	82.46%	85.29%	80.72%	81.90%	82.34%	81.50%	80.53%
EBITDA Margin	81.55%	97.64%	75.76%	83.74%	83.23%	96.01%	97.34%	107.43%	125.42%	120.27%	73.05%
Operating Margin	27.74%	39.22%	16.30%	24.55%	25.98%	47.13%	39.91%	50.31%	68.20%	64.26%	16.61%
EBIT Margin	28.20%	41.93%	20.68%	27.38%	26.68%	47.80%	40.50%	51.16%	68.90%	65.37%	18.38%
Profit (Net Income) Margin	14.83%	24.10%	-0.64%	5.60%	6.56%	32.70%	20.44%	33.21%	48.74%	27.10%	-0.34%
Tax Burden Percent	96.48%	96.29%	-65.22%	81.52%	82.64%	101.92%	93.83%	98.57%	96.75%	78.30%	-12.75%
Interest Burden Percent	54.49%	59.69%	4.77%	25.07%	29.75%	67.12%	53.79%	65.85%	73.12%	52.95%	14.44%
Effective Tax Rate	1.68%	0.27%	14.69%	1.41%	0.31%	-1.10%	1.11%	0.67%	0.42%	0.34%	5.96%
Return on Invested Capital (ROIC)	2.57%	3.70%	1.33%	2.31%	2.65%	5.09%	4.07%	5.29%	7.92%	7.38%	1.75%
ROIC Less NNEP Spread (ROIC-NNEP)	1.78%	2.72%	0.35%	1.11%	1.17%	3.79%	2.81%	4.16%	6.29%	4.02%	0.45%
Return on Net Nonoperating Assets (RNNOA)	1.07%	1.48%	0.20%	0.65%	0.60%	2.01%	1.75%	2.56%	3.07%	1.84%	0.23%
Return on Equity (ROE)	3.64%	5.18%	1.53%	2.97%	3.24%	7.10%	5.82%	7.85%	10.99%	9.22%	1.98%
Cash Return on Invested Capital (CROIC)	11.00%	13.00%	-4.69%	-4.85%	8.31%	6.15%	14.78%	19.50%	13.30%	15.33%	18.81%
Operating Return on Assets (OROA)	2.41%	3.46%	1.73%	2.38%	2.33%	4.26%	3.69%	4.89%	6.64%	6.20%	1.77%
Return on Assets (ROA)	1.26%	1.99%	-0.05%	0.49%	0.57%	2.92%	1.86%	3.17%	4.70%	2.57%	-0.03%
Return on Common Equity (ROCE)	3.42%	4.90%	1.44%	2.80%	3.06%	6.71%	5.49%	7.41%	10.40%	8.73%	1.87%
Return on Equity Simple (ROE_SIMPLE)	2.38%	0.00%	1.10%	1.73%	1.42%	0.00%	2.97%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	23	32	12	21	22	48	35	44	59	56	13
NOPAT Margin	27.28%	39.11%	13.91%	24.20%	25.90%	47.65%	39.47%	49.97%	67.92%	64.05%	15.62%
Net Nonoperating Expense Percent (NNEP)	0.79%	0.98%	0.97%	1.21%	1.47%	1.30%	1.26%	1.12%	1.63%	3.36%	1.30%
Return On Investment Capital (ROIC_SIMPLE)	-	0.87%	-	-	-	1.42%	1.04%	1.36%	1.84%	1.82%	0.45%
Cost of Revenue to Revenue	17.20%	15.33%	17.61%	18.05%	17.54%	14.71%	19.28%	18.10%	17.66%	18.50%	19.47%
SG&A Expenses to Revenue	10.08%	11.41%	11.01%	10.78%	12.85%	10.22%	11.69%	10.98%	10.73%	12.34%	11.93%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	55.06%	45.46%	66.09%	57.40%	56.48%	38.16%	40.81%	31.59%	14.14%	17.24%	63.92%
Earnings before Interest and Taxes (EBIT)	24	35	18	23	23	48	36	45	60	57	16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	81	65	72	71	97	86	94	109	104	63
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.28	1.24	1.32	1.47	1.19	1.29	1.24	1.35	1.51	1.44
Price to Tangible Book Value (P/TBV)	1.34	1.50	1.46	1.55	1.73	1.42	1.54	1.47	1.60	1.79	1.72
Price to Revenue (P/Rev)	7.28	8.04	7.61	7.88	8.69	6.67	7.08	6.73	7.27	8.37	7.87
Price to Earnings (P/E)	51.60	114.69	209.64	103.76	151.56	63.06	44.77	30.23	23.93	27.55	31.32
Dividend Yield	5.94%	5.40%	5.74%	5.65%	5.17%	6.47%	6.13%	6.48%	6.03%	5.50%	5.94%
Earnings Yield	1.94%	0.87%	0.48%	0.96%	0.66%	1.59%	2.23%	3.31%	4.18%	3.63%	3.19%
Enterprise Value to Invested Capital (EV/IC)	1.08	1.16	1.05	1.08	1.31	1.10	1.16	1.13	1.21	1.32	1.27
Enterprise Value to Revenue (EV/Rev)	10.90	11.63	11.35	11.75	12.48	10.15	10.62	9.89	9.98	10.96	10.60
Enterprise Value to EBITDA (EV/EBITDA)	15.65	14.53	14.61	13.90	14.69	11.62	11.75	10.30	9.40	9.55	9.94
Enterprise Value to EBIT (EV/EBIT)	70.24	48.42	48.31	39.92	42.96	32.38	29.38	23.65	19.24	19.44	20.76
Enterprise Value to NOPAT (EV/NOPAT)	61.80	51.30	53.86	44.32	47.68	34.59	30.35	24.07	19.54	19.84	21.35
Enterprise Value to Operating Cash Flow (EV/OCF)	19.05	18.91	18.40	20.60	21.48	17.23	18.15	16.54	16.83	20.34	19.66
Enterprise Value to Free Cash Flow (EV/FCFF)	9.33	8.47	0.00	0.00	15.35	17.64	7.41	5.37	8.75	8.24	6.31
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.52	0.65	0.67	0.60	0.60	0.60	0.61	0.55	0.55	0.49	0.50
Long-Term Debt to Equity	0.52	0.65	0.67	0.60	0.60	0.60	0.61	0.55	0.55	0.49	0.50
Financial Leverage	0.60	0.55	0.56	0.59	0.51	0.53	0.62	0.62	0.49	0.46	0.51
Leverage Ratio	1.77	1.77	1.78	1.75	1.76	1.83	1.83	1.79	1.80	1.77	1.76
Compound Leverage Factor	0.96	1.06	0.09	0.44	0.52	1.23	0.99	1.18	1.32	0.94	0.25
Debt to Total Capital	33.99%	39.42%	40.19%	37.42%	37.45%	37.50%	37.75%	35.39%	35.51%	32.85%	33.37%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	33.99%	39.42%	40.19%	37.42%	37.45%	37.50%	37.75%	35.39%	35.51%	32.85%	33.37%
Preferred Equity to Total Capital	2.71%	2.51%	2.53%	2.72%	2.77%	2.77%	2.79%	2.91%	2.92%	3.08%	3.13%
Noncontrolling Interests to Total Capital	1.10%	0.89%	0.86%	0.76%	0.76%	0.66%	0.65%	0.68%	0.38%	0.38%	0.39%
Common Equity to Total Capital	62.20%	57.18%	56.41%	59.10%	59.02%	59.07%	58.81%	61.02%	61.19%	63.68%	63.11%
Debt to EBITDA	5.01	5.41	5.62	4.49	4.40	4.06	3.90	3.28	2.95	2.49	2.70
Net Debt to EBITDA	4.64	4.02	4.34	4.15	4.05	3.61	3.56	2.96	2.27	1.99	2.27
Long-Term Debt to EBITDA	5.01	5.41	5.62	4.49	4.40	4.06	3.90	3.28	2.95	2.49	2.70
Debt to NOPAT	19.79	19.09	20.72	14.31	14.28	12.10	10.06	7.66	6.14	5.18	5.81
Net Debt to NOPAT	18.31	14.20	15.99	13.25	13.15	10.75	9.19	6.92	4.72	4.14	4.88
Long-Term Debt to NOPAT	19.79	19.09	20.72	14.31	14.28	12.10	10.06	7.66	6.14	5.18	5.81
Altman Z-Score	0.99	1.03	0.95	1.02	1.12	0.97	1.04	1.03	1.16	1.36	1.25
Noncontrolling Interest Sharing Ratio	5.82%	5.58%	5.64%	5.63%	5.70%	5.56%	5.61%	5.56%	5.38%	5.33%	5.41%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.39	3.07	2.17	0.40	0.49	0.96	0.71	0.70	2.12	1.56	1.44
Quick Ratio	0.39	3.07	2.17	0.40	0.49	0.96	0.71	0.70	2.11	1.56	1.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	359	423	-228	-242	210	149	426	564	288	328	424
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	356.96%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	32.73	30.18	-13.42	-13.76	13.09	9.41	25.64	36.78	17.92	12.28	31.39
Operating Cash Flow to Interest Expense	5.55	3.99	2.29	2.18	4.03	4.37	2.34	2.89	3.95	1.57	2.77
Operating Cash Flow Less CapEx to Interest Expense	9.79	5.70	2.29	3.06	5.71	3.14	4.40	5.46	15.88	5.77	2.77
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.09	0.08	0.08	0.09	0.09	0.09	0.09	0.10	0.10	0.09	0.10
Accounts Receivable Turnover	74.74	81.49	78.67	86.75	81.58	97.16	104.57	120.46	161.78	127.22	109.84
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	0.80	0.88	0.99	0.91	1.00	1.05	1.16	1.07	1.12	1.15	1.51
Days Sales Outstanding (DSO)	4.88	4.48	4.64	4.21	4.47	3.76	3.49	3.03	2.26	2.87	3.32
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	455.14	413.30	370.49	402.66	366.62	346.93	314.16	340.97	326.36	316.31	241.78
Cash Conversion Cycle (CCC)	-450.25	-408.82	-365.85	-398.45	-362.14	-343.18	-310.67	-337.94	-324.10	-313.44	-238.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,426	3,404	3,698	3,691	3,238	3,303	3,307	3,171	3,009	2,902	2,896
Invested Capital Turnover	0.09	0.09	0.10	0.10	0.10	0.11	0.10	0.11	0.12	0.12	0.11
Increase / (Decrease) in Invested Capital	-336	-391	240	263	-188	-101	-391	-520	-229	-272	-411
Enterprise Value (EV)	3,690	3,960	3,879	4,000	4,250	3,638	3,835	3,592	3,635	3,839	3,680
Market Capitalization	2,464	2,737	2,602	2,684	2,958	2,391	2,558	2,443	2,650	2,933	2,733
Book Value per Share	$7.39	$7.31	$7.19	$6.93	$6.81	$6.81	$6.70	$6.66	$6.65	$6.57	$32.05
Tangible Book Value per Share	$6.30	$6.23	$6.12	$5.88	$5.80	$5.72	$5.63	$5.60	$5.59	$5.53	$26.87
Total Capital	3,476	3,740	3,713	3,452	3,399	3,393	3,368	3,229	3,215	3,051	3,000
Total Debt	1,181	1,474	1,492	1,292	1,273	1,272	1,271	1,143	1,142	1,002	1,001
Total Long-Term Debt	1,181	1,474	1,492	1,292	1,273	1,272	1,271	1,143	1,142	1,002	1,001
Net Debt	1,093	1,096	1,151	1,196	1,172	1,130	1,161	1,033	878	800	842
Capital Expenditures (CapEx)	-46	-24	0.00	-15	-27	19	-34	-39	-192	-112	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-101	-104	-133	-125	-114	-107	-101	-102	-107	-108	-90
Debt-free Net Working Capital (DFNWC)	-65	226	161	-76	-59	-4.61	-29	-31	123	63	41
Net Working Capital (NWC)	-65	226	161	-76	-59	-4.61	-29	-31	123	63	41
Net Nonoperating Expense (NNE)	11	12	13	16	17	15	17	15	17	32	14
Net Nonoperating Obligations (NNO)	1,132	1,138	1,477	1,530	1,113	1,182	1,210	1,085	935	854	897
Total Depreciation and Amortization (D&A)	46	46	48	48	48	49	51	49	49	48	47
Debt-free, Cash-free Net Working Capital to Revenue	-29.74%	-30.44%	-38.91%	-36.73%	-33.39%	-29.76%	-27.86%	-28.21%	-29.43%	-30.85%	-25.78%
Debt-free Net Working Capital to Revenue	-19.22%	66.36%	47.13%	-22.36%	-17.18%	-1.29%	-8.15%	-8.59%	33.69%	17.87%	11.73%
Net Working Capital to Revenue	-19.22%	66.36%	47.13%	-22.36%	-17.18%	-1.29%	-8.15%	-8.59%	33.69%	17.87%	11.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	$0.04	($0.01)	$0.01	$0.02	$0.11	$0.06	$0.09	$0.12	$0.46	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	290.29M	290.25M	291.29M	291.40M	291.53M	291.47M	291.71M	291.87M	292.03M	58.38M	58.16M
Adjusted Diluted Earnings per Share	$0.04	$0.04	($0.01)	$0.01	$0.02	$0.11	$0.06	$0.09	$0.12	$0.46	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	291.25M	291.19M	291.29M	291.62M	291.60M	291.56M	292.30M	292.21M	292.68M	58.57M	58.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.46	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	292.63M	294.29M	294.31M	294.34M	294.51M	295.73M	295.76M	295.79M	295.79M	59.08M	58.95M
Normalized Net Operating Profit after Tax (NOPAT)	16	15	12	13	11	19	11	13	13	12	11
Normalized NOPAT Margin	19.04%	17.50%	13.91%	14.61%	13.02%	18.80%	12.05%	14.55%	15.02%	14.05%	13.10%
Pre Tax Income Margin	15.37%	25.03%	0.99%	6.86%	7.94%	32.08%	21.78%	33.69%	50.38%	34.61%	2.66%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.20	2.48	1.05	1.33	1.42	3.04	2.16	2.93	3.72	2.13	1.17
NOPAT to Interest Expense	2.13	2.31	0.71	1.18	1.38	3.03	2.11	2.86	3.67	2.08	0.99
EBIT Less CapEx to Interest Expense	6.44	4.19	1.05	2.21	3.11	1.82	4.22	5.50	15.65	6.32	1.17
NOPAT Less CapEx to Interest Expense	6.36	4.02	0.71	2.06	3.07	1.81	4.16	5.43	15.60	6.28	0.99
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	279.33%	443.38%	666.93%	437.40%	545.91%	379.43%	266.45%	192.63%	149.49%	160.22%	195.29%
Augmented Payout Ratio	-123.00%	450.79%	676.49%	443.71%	553.83%	384.15%	268.40%	194.00%	150.57%	164.87%	219.99%

Financials Breakdown Chart

Key Financial Trends

Here are the four-year trends for LXP Industrial Trust (LXP) based on the quarterly statements you provided. The highlights below focus on cash flow strength, capital allocation, and leverage dynamics, with notes on some near-term headwinds.

Latest quarter (Q4 2025) shows robust operating cash flow: Net cash from continuing operating activities of $188,716,000.
Asset sales and investing cash flow remained positive in Q4 2025: Net cash from continuing investing activities of $96,873,000, including a PPE sale of about $114,640,000.
Net income attributable to common shareholders tracked solidly higher in recent quarters: Q3 2025 was roughly $34,616,000, and Q4 2025 was roughly $27,124,000.
Dividend policy provides regular income: historically, cash dividends per share were around $0.13–$0.14 per share; Q4 2025 included a notably larger per-share payout of $0.71, which appears to be a one-off dividend rather than a sustained payout level.
Balance sheet remains solid on a relative basis: Total assets around $3.71B–$3.75B in 2025; total equity around $2.0B–$2.2B with long-term debt near $1.14B.
Gross margins have stayed in a healthy range (roughly the mid-80% to low-80% range historically), suggesting underlying leasing profitability despite quarterly revenue variation.
Near-term revenue declined in Q4 2025 versus Q4 2024: operating revenue of $86.7M vs. about $100.9M in Q4 2024, signaling a revenue headwind to monitor.
Financing activity has been a source of cash outflows in several quarters: Net cash from financing activities was negative in multiple periods (for example, about $-58.4M in Q3 2025 and about $-198.2M in Q4 2024), indicating ongoing capital deployment to dividends, debt management, and related items.
One-off dividend spike: The Q4 2025 per-share dividend of $0.71 is significantly higher than typical quarterly payouts and could imply an unsustainable pattern if repeated.
Notable negative entry in equity adjustments: Other Equity Adjustments showed a large negative amount (approximately $-1.351B in Q3 2025), which reduces total shareholders’ equity and could reflect accounting/retrospective effects rather than ongoing operating performance.

05/11/26 10:48 AM ETAI Generated. May Contain Errors.

LXP Industrial Trust Financials - Frequently Asked Questions

According to the most recent income statement we have on file, LXP Industrial Trust's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

LXP Industrial Trust's net income appears to be on a downward trend, with a most recent value of $113.16 million in 2025, falling from $114.89 million in 2015. The previous period was $44.53 million in 2024. See LXP Industrial Trust's forecast for analyst expectations on what's next for the company.

LXP Industrial Trust's total operating income in 2025 was $194.61 million, based on the following breakdown:

Total Gross Profit: $285.83 million
Total Operating Expenses: $91.22 million

Over the last 10 years, LXP Industrial Trust's total revenue changed from $430.84 million in 2015 to $350.23 million in 2025, a change of -18.7%.

LXP Industrial Trust's total liabilities were at $1.49 billion at the end of 2025, a 13.6% decrease from 2024, and a 36.5% decrease since 2015.

In the past 10 years, LXP Industrial Trust's cash and equivalents has ranged from $54.39 million in 2022 to $199.25 million in 2023, and is currently $170.39 million as of their latest financial filing in 2025.

Over the last 10 years, LXP Industrial Trust's book value per share changed from 5.72 in 2015 to 6.57 in 2025, a change of 14.8%.

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Financial statements for NYSE:LXP last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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LXP Industrial Trust (LXP) Financials

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LXP Industrial Trust (LXP) Financials

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