LXP INDUSTRIAL TRUST (LXP)

US5290431015 - REIT

8.69  -0.07 (-0.8%)

After market: 8.69 0 (0%)

Fundamental Rating

2

Taking everything into account, LXP scores 2 out of 10 in our fundamental rating. LXP was compared to 128 industry peers in the Diversified REITs industry. There are concerns on the financial health of LXP while its profitability can be described as average. LXP does not seem to be growing, but still is valued expensively.



4

1. Profitability

1.1 Basic Checks

LXP had positive earnings in the past year.
LXP had a positive operating cash flow in the past year.
In the past 5 years LXP has always been profitable.
Of the past 5 years LXP 4 years had a positive operating cash flow.

1.2 Ratios

The Return On Assets of LXP (1.21%) is comparable to the rest of the industry.
The Return On Equity of LXP (2.11%) is comparable to the rest of the industry.
LXP has a worse Return On Invested Capital (1.26%) than 79.84% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LXP is in line with the industry average of 2.99%.
Industry RankSector Rank
ROA 1.21%
ROE 2.11%
ROIC 1.26%
ROA(3y)4.2%
ROA(5y)5.25%
ROE(3y)7.34%
ROE(5y)9.41%
ROIC(3y)1.29%
ROIC(5y)1.77%

1.3 Margins

LXP has a better Profit Margin (14.08%) than 69.35% of its industry peers.
LXP's Profit Margin has declined in the last couple of years.
LXP's Operating Margin of 17.86% is on the low side compared to the rest of the industry. LXP is outperformed by 60.48% of its industry peers.
LXP's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 83.82%, LXP belongs to the top of the industry, outperforming 85.48% of the companies in the same industry.
In the last couple of years the Gross Margin of LXP has remained more or less at the same level.
Industry RankSector Rank
OM 17.86%
PM (TTM) 14.08%
GM 83.82%
OM growth 3Y-14.47%
OM growth 5Y-14%
PM growth 3Y-49.22%
PM growth 5Y-33.92%
GM growth 3Y-2.19%
GM growth 5Y-1.48%

1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LXP is destroying value.
Compared to 1 year ago, LXP has more shares outstanding
Compared to 5 years ago, LXP has more shares outstanding
LXP has a worse debt/assets ratio than last year.

2.2 Solvency

Based on the Altman-Z score of 0.63, we must say that LXP is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.63, LXP is in line with its industry, outperforming 56.45% of the companies in the same industry.
The Debt to FCF ratio of LXP is 321.91, which is on the high side as it means it would take LXP, 321.91 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of LXP (321.91) is comparable to the rest of the industry.
LXP has a Debt/Equity ratio of 0.66. This is a neutral value indicating LXP is somewhat dependend on debt financing.
The Debt to Equity ratio of LXP (0.66) is better than 77.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 321.91
Altman-Z 0.63
ROIC/WACC0.18
WACC7.01%

2.3 Liquidity

LXP has a Current Ratio of 0.95. This is a bad value and indicates that LXP is not financially healthy enough and could expect problems in meeting its short term obligations.
LXP's Current ratio of 0.95 is on the low side compared to the rest of the industry. LXP is outperformed by 64.52% of its industry peers.
LXP has a Quick Ratio of 0.95. This is a bad value and indicates that LXP is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of LXP (0.95) is worse than 60.48% of its industry peers.
Industry RankSector Rank
Current Ratio 0.95
Quick Ratio 0.95

2

3. Growth

3.1 Past

The earnings per share for LXP have decreased strongly by -85.59% in the last year.
The Earnings Per Share has been decreasing by -2.33% on average over the past years.
Looking at the last year, LXP shows a small growth in Revenue. The Revenue has grown by 3.67% in the last year.
LXP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.02% yearly.
EPS 1Y (TTM)-85.59%
EPS 3Y-50%
EPS 5Y-2.33%
EPS growth Q2Q-50%
Revenue 1Y (TTM)3.67%
Revenue growth 3Y1.01%
Revenue growth 5Y-3.02%
Revenue growth Q2Q6.62%

3.2 Future

Based on estimates for the next years, LXP will show a very negative growth in Earnings Per Share. The EPS will decrease by -74.88% on average per year.
Based on estimates for the next years, LXP will show a small growth in Revenue. The Revenue will grow by 4.45% on average per year.
EPS Next Y-137.87%
EPS Next 2Y-74.88%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.52%
Revenue Next 2Y4.45%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

1

4. Valuation

4.1 Price/Earnings Ratio

LXP is valuated quite expensively with a Price/Earnings ratio of 51.12.
LXP's Price/Earnings is on the same level as the industry average.
LXP's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.32.
The Forward Price/Earnings Ratio is negative for LXP. No positive earnings are expected for the next year.
Industry RankSector Rank
PE 51.12
Fwd PE N/A

4.2 Price Multiples

LXP's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 552.82
EV/EBITDA N/A

4.3 Compensation for Growth

A cheap valuation may be justified as LXP's earnings are expected to decrease with -74.88% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-74.88%
EPS Next 3YN/A

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.98%, LXP is a good candidate for dividend investing.
LXP's Dividend Yield is a higher than the industry average which is at 5.90.
LXP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.48.
Industry RankSector Rank
Dividend Yield 5.98%

5.2 History

The dividend of LXP decreases each year by -7.19%.
LXP has paid a dividend for at least 10 years, which is a reliable track record.
LXP has decreased its dividend recently.
Dividend Growth(5Y)-7.19%
Div Incr Years1
Div Non Decr Years1

5.3 Sustainability

311.53% of the earnings are spent on dividend by LXP. This is not a sustainable payout ratio.
The Dividend Rate of LXP has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP311.53%
EPS Next 2Y-74.88%
EPS Next 3YN/A

LXP INDUSTRIAL TRUST

NYSE:LXP (2/22/2024, 7:04:00 PM)

After market: 8.69 0 (0%)

8.69

-0.07 (-0.8%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.54B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 5.98%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 51.12
Fwd PE N/A
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 1.21%
ROE 2.11%
ROCE
ROIC
ROICexc
ROICexgc
OM 17.86%
PM (TTM) 14.08%
GM 83.82%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.95
Quick Ratio 0.95
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-85.59%
EPS 3Y-50%
EPS 5Y
EPS growth Q2Q
EPS Next Y-137.87%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)3.67%
Revenue growth 3Y1.01%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y