LXP Intrinsic Stock Value – LXP Industrial Trust Expands Presence in Northern Kentucky with Purchase of 2 Logistics Park 75 Buildings
December 19, 2023
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LXP ($NYSE:LXP) Industrial Trust has continued to expand its presence in Northern Kentucky with the recent purchase of two Logistics Park 75 buildings. The news was reported by the Cincinnati Business Courier. LXP Industrial Trust is a publicly-traded real estate investment trust (REIT) that specializes in industrial properties. They are currently leased to a number of tenants, with a majority of the space being occupied by Procter & Gamble.
This acquisition is in line with LXP’s strategy of expanding and diversifying its portfolio in key markets. With this acquisition, LXP will be able to better serve its existing tenants while also capturing new leasing opportunities.
Stock Price
The transaction amount was not disclosed but LXP Industrial Trust stock opened at $9.7 and closed at $9.6, down 0.7% from the last closing price of $9.6. This acquisition is part of LXP Industrial Trust’s strategy of acquiring and developing industrial properties in high-growth markets across the country. The two buildings are expected to provide long-term cash flow and value appreciation to LXP Industrial Trust’s portfolio.
With this acquisition, the trust’s portfolio of industrial properties now includes over 75 million square feet of space spread across major markets in the United States. Going forward, the trust is likely to continue making strategic investments to further strengthen its presence in key industrial markets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LXP. More…
| Total Revenues | Net Income | Net Margin |
| 338.65 | 47.74 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LXP. More…
| Operations | Investing | Financing |
| 193.68 | -75.25 | -112.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LXP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.93k | 1.63k | 7.39 |
Key Ratios Snapshot
Some of the financial key ratios for LXP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 17.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – LXP Intrinsic Stock Value
GoodWhale has conducted an analysis of LXP INDUSTRIAL TRUST’s wellbeing. According to our proprietary Valuation Line, the fair value of LXP INDUSTRIAL TRUST shares is estimated to be around $11.8. However, the stock is currently trading at $9.6, which is a fair price that is undervalued by 19.0%. This provides an opportunity for potential investors to acquire the stock at a discount. We believe that LXP INDUSTRIAL TRUST is a promising company and so our analysis suggests that it may be a good investment option. More…
Peers
LXP Industrial Trust’s competitors include H&R Real Estate Investment Trust, Cousins Properties Inc, First Industrial Realty Trust Inc.
– H&R Real Estate Investment Trust ($TSX:HR.UN)
H&R Real Estate Investment Trust has a market cap of $2.91 billion as of 2022. The company is a real estate investment trust that owns, operates, and develops office, retail, and residential properties. H&R’s portfolio includes properties in Canada, the United States, and Europe.
– Cousins Properties Inc ($NYSE:CUZ)
Cousins Properties is a real estate investment trust (REIT) that is engaged in the development, acquisition, and management of commercial real estate properties. The company’s portfolio includes office, retail, and mixed-use properties. As of December 31, 2020, Cousins Properties owned and operated 58 properties with a total of 18.3 million square feet of leasable space.
– First Industrial Realty Trust Inc ($NYSE:FR)
First Industrial Realty Trust, Inc. is a real estate investment trust (REIT) that owns, acquires, develops, and operates industrial properties. The company’s portfolio includes distribution warehouses, light manufacturing facilities, and other types of industrial property. As of December 31, 2020, First Industrial owned 579 properties totaling approximately 86.7 million square feet of space.
Summary
LXP Industrial Trust has recently invested in two logistics park buildings in Northern Kentucky. This move marks the company’s latest effort to demonstrate its commitment to developing prime industrial space for tenants in the region. Through this investment, the company is expected to benefit from increased demand for modern logistics park buildings due to the growth of e-commerce and other businesses.
Additionally, LXP Industrial Trust will be able to take advantage of the tax advantages associated with industrial real estate opportunities in the state. For investors, this move represents a great opportunity to capitalize on the growth potential of this sector. The company has consistently proven itself as an innovator in the industrial real estate space, and this investment is likely to further strengthen its portfolio.
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