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Lxp Industrial Trust Financials

LXP
Trailing 12 months to March 31, 2026
Revenue $347.3M -3.8% YoY
Net Income $93.9M +47.3% YoY
EPS (Diluted) $1.82 FY2025 annual
Free Cash Flow Not reported for the trailing 12 months
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Lxp Industrial Trust (LXP) reported $347.3M in revenue over the twelve months to Mar 31, 2026, down 3.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI LXP FY2025

Operating cash generation remains steadier than reported earnings while margin compression and deleveraging reshape the financial profile.

In FY2025, operating cash flow of $188.7M exceeded net income of $113.2M, while the same cash measure stayed relatively stable across the sharp earnings swings of FY2023-FY2025. That pattern makes noncash property charges, rather than underlying operating cash generation alone, a major driver of reported-profit volatility.

Revenue slipped to $350.2M in FY2025 while gross margin narrowed to 81.6%, so the cost base absorbed more of each dollar rather than showing scale-driven expansion. Cost of revenue reached $64.4M despite lower revenue, pinpointing the pressure as cost intensity rather than volume alone.

Debt-to-equity improved from 0.9x in FY2023 to 0.7x in FY2025, indicating balance-sheet deleveraging rather than asset growth. Operating cash flow was $188.7M in FY2025, so the financing posture improved even as cash generation eased from FY2024.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

FFO Margin FFOGrowth Leverage Interest Cov. AFFOMargin DividendCov. 37 / 100
Financial Health Score 37/100
Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Lxp Industrial Trust's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin
81
FFO Growth
26
Leverage
0

Not available for Lxp Industrial Trust, and counted as zero in the overall score.

Interest Cov.
0

Not available for Lxp Industrial Trust, and counted as zero in the overall score.

AFFO Margin
82
Dividend Cov.
30
Piotroski F-Score Partial
7/8

Lxp Industrial Trust passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.67x

For every $1 of reported earnings, Lxp Industrial Trust generates $1.67 in operating cash flow ($188.7M OCF vs $113.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$350.2M
YoY-2.3%
5Y CAGR+1.2%

Lxp Industrial Trust generated $350.2M in revenue in fiscal year 2025. This represents a decrease of 2.3% from the prior year.

Net Income
$113.2M
YoY+154.1%
5Y CAGR-9.2%
10Y CAGR+0.1%

Lxp Industrial Trust reported $113.2M in net income in fiscal year 2025. This represents an increase of 154.1% from the prior year.

EPS (Diluted)
$1.82

Lxp Industrial Trust earned $1.82 per diluted share (EPS) in fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt
$170.4M
YoY+67.3%
5Y CAGR-1.0%
10Y CAGR+6.2%

Lxp Industrial Trust held $170.4M in cash against $1.4B in long-term debt as of fiscal year 2025.

Dividends Per Share
$2.70

Lxp Industrial Trust paid $2.70 per share in dividends in fiscal year 2025.

Shares Outstanding
59M

Lxp Industrial Trust had 59M shares outstanding in fiscal year 2025.

Free Cash Flow

Not reported for fiscal year 2025.

Margins & Returns

Gross Margin
81.6%
YoY-1.5pp

Lxp Industrial Trust's gross margin was 81.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.5 percentage points from the prior year.

Net Margin
32.3%
YoY+19.9pp
5Y CAGR-23.2pp

Lxp Industrial Trust's net profit margin was 32.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 19.9 percentage points from the prior year.

Return on Equity
5.6%
YoY+3.4pp
5Y CAGR-3.7pp
10Y CAGR-2.2pp

Lxp Industrial Trust's ROE was 5.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.4 percentage points from the prior year.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

Share Buybacks
$4.0M
5Y CAGR-18.4%

Lxp Industrial Trust spent $4.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

R&D Spending

Not reported for fiscal year 2025.

Capital Expenditures

Not reported for fiscal year 2025.

LXP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LXP quarterly income statement
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Revenue$85.9M-0.9%$86.7M-0.2%$86.9M-0.9%$87.7M-1.3%$88.9M-11.9%$100.9M+17.9%$85.6M-0.3%$85.8M
Cost of Revenue$16.7M+4.3%$16.0M+4.6%$15.3M-3.3%$15.9M-7.3%$17.1M+15.5%$14.8M-1.2%$15.0M-3.0%$15.5M
Gross Profit$69.2M-2.1%$70.7M-1.2%$71.6M-0.4%$71.8M+0.2%$71.7M-16.6%$86.0M+21.9%$70.6M+0.4%$70.3M
SG&A Expenses$10.3M-4.2%$10.7M+14.8%$9.3M-3.2%$9.6M-7.3%$10.4M+0.8%$10.3M-6.2%$11.0M+18.9%$9.2M
Interest Expense$13.2M-6.1%$14.1M-12.5%$16.1M-2.3%$16.5M+1.1%$16.3M+2.7%$15.9M-1.1%$16.0M-8.9%$17.6M
Income Tax$136K+131.3%-$435K-336.4%$184K-7.5%$199K-7.4%$215K+258.1%-$136K-747.6%$21K-74.7%$83K
Net Income-$239K-100.8%$28.8M-20.7%$36.3M+24.5%$29.1M+53.5%$19.0M-42.5%$33.0M+420.5%$6.3M+17.0%$5.4M
EPS (Diluted)-$0.03$1.55$0.12+33.3%$0.09$0.30$0.11+450.0%$0.02$0.01

Not reported in any period shown, so not listed: R&D Expenses, Operating Income.

LXP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LXP quarterly balance sheet
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Total Assets$3.5B-2.0%$3.5B-4.6%$3.7B-0.2%$3.7B-1.1%$3.8B-2.2%$3.8B-0.3%$3.9B-0.8%$3.9B
Cash & Equivalents$130.1M-23.6%$170.4M-25.8%$229.7M+223.7%$71.0M+0.1%$70.9M-30.3%$101.8M+85.3%$55.0M+12.9%$48.7M
Accounts Receivable$4.0M+14.7%$3.5M+23.8%$2.8M-11.4%$3.1M+33.4%$2.4M+15.1%$2.1M+19.8%$1.7M-40.5%$2.9M
Total Liabilities$1.5B-1.4%$1.5B-9.0%$1.6B+0.3%$1.6B-1.9%$1.7B-3.5%$1.7B-0.3%$1.7B+0.2%$1.7B
Long-Term Debt$1.3B-0.2%$1.4B-9.3%$1.5B0.0%$1.5B-1.9%$1.5B-3.2%$1.6BN/AN/A
Total Equity$2.0B-2.4%$2.0B-1.2%$2.1B-0.1%$2.1B-0.5%$2.1B-1.1%$2.1B-0.1%$2.1B-1.6%$2.1B

Not reported in any period shown, so not listed: Current Assets, Inventory, Goodwill, Current Liabilities, Retained Earnings.

LXP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

LXP quarterly cash flow statement
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Operating Cash Flow$37.5M-10.7%$41.9M-34.0%$63.5M+43.4%$44.3M+13.6%$39.0M-43.7%$69.2M+7.2%$64.6M+68.0%$38.5M
Investing Cash Flow-$6.9M-107.1%$96.9M-37.0%$153.7M+529.0%$24.4M+5.4%$23.2M+5.4%$22.0M+224.6%-$17.6M-116.1%$109.8M
Financing Cash Flow-$71.0M+64.2%-$198.2M-239.0%-$58.4M+14.9%-$68.7M+26.2%-$93.1M-109.9%-$44.3M-9.0%-$40.7M+84.5%-$262.7M
Dividends Paid$43.0M+4.7%$41.1M0.0%$41.1M0.0%$41.1M+0.2%$41.0M+3.7%$39.6M+0.1%$39.5M0.0%$39.5M
Share Buybacks$15.8MN/AN/AN/A$0N/AN/AN/A

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.

LXP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

LXP quarterly financial ratios
MetricQ1'26Q4'25Q3'25Q2'25Q1'25Q4'24Q3'24Q2'24
Gross Margin80.5%-1.0pp81.5%-0.8pp82.3%+0.4pp81.9%+1.2pp80.7%-4.6pp85.3%+2.8pp82.5%+0.5pp82.0%
Net Margin-0.3%-33.5pp33.2%-8.6pp41.8%+8.5pp33.2%+11.8pp21.4%-11.4pp32.8%+25.3pp7.4%+1.1pp6.3%
Return on Equity0.0%-1.4pp1.4%-0.4pp1.8%+0.4pp1.4%+0.5pp0.9%-0.7pp1.6%+1.3pp0.3%+0.1pp0.3%
Return on Assets0.0%-0.8pp0.8%-0.2pp1.0%+0.2pp0.8%+0.3pp0.5%-0.4pp0.9%+0.7pp0.2%0.0pp0.1%
Debt-to-Equity0.680.0x0.66-0.1x0.720.0x0.720.0x0.730.0x0.75-0.1x0.820.0x0.81

Not reported in any period shown, so not listed: Operating Margin, Current Ratio, FCF Margin.

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Frequently Asked Questions

What is Lxp Industrial Trust's annual revenue?

Lxp Industrial Trust (LXP) reported $350.2M in total revenue for fiscal year 2025. This represents a -2.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Lxp Industrial Trust's revenue growing?

Lxp Industrial Trust (LXP) revenue declined by 2.3% year-over-year, from $358.5M to $350.2M in fiscal year 2025.

Is Lxp Industrial Trust profitable?

Yes, Lxp Industrial Trust (LXP) reported a net income of $113.2M in fiscal year 2025, with a net profit margin of 32.3%.

Lxp Industrial Trust (LXP) reported diluted earnings per share of $1.82 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2025, Lxp Industrial Trust (LXP) had $170.4M in cash and equivalents against $1.4B in long-term debt.

Lxp Industrial Trust (LXP) had a gross margin of 81.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Lxp Industrial Trust (LXP) had a net profit margin of 32.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Lxp Industrial Trust (LXP) paid $2.70 per share in dividends during fiscal year 2025.

Lxp Industrial Trust (LXP) has a return on equity of 5.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Lxp Industrial Trust (LXP) generated $188.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lxp Industrial Trust (LXP) had $3.5B in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Lxp Industrial Trust (LXP) spent $4.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Lxp Industrial Trust (LXP) had 59M shares outstanding as of fiscal year 2025.

Lxp Industrial Trust (LXP) had a debt-to-equity ratio of 0.66 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lxp Industrial Trust (LXP) had a return on assets of 3.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Lxp Industrial Trust (LXP) has a Piotroski F-Score of 7 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Lxp Industrial Trust (LXP) has an earnings quality ratio of 1.67x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Lxp Industrial Trust (LXP) scores 37 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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