LXP Intrinsic Value – Mercer Global Advisors ADV Reduces Position in LXP Industrial Trust by 7.1%

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Mercer Global Advisors Inc. ADV has recently disclosed a 7.1% reduction in its stake in LXP ($NYSE:LXP) Industrial Trust during the fourth quarter. It primarily operates in the United States and Canada and has an extensive portfolio of industrial real estate assets, including warehouses, distribution centers, multimodal facilities, and other types of industrial properties. The portfolio of LXP Industrial Trust consists of high-quality warehouse properties that provide mission-critical services with long-term leases, which have enabled it to generate stable and attractive returns to its shareholders over the years. Its business strategy is focused on creating value through investing in core industrial assets with strong prospects for lease up and capital appreciation.

It also focuses on providing tenants with flexible lease terms and customized services to meet their individual needs. Overall, LXP Industrial Trust has been successful in executing its core strategy and delivering strong financial results, making it an attractive option for investors such as Mercer Global Advisors Inc. ADV. Despite the recent reduction in its stake, the company remains committed to its long-term investment strategy and is focused on creating value for its investors over the long term.

Analysis – LXP Intrinsic Value

We at GoodWhale have conducted an analysis of LXP INDUSTRIAL TRUST’s financials, and our proprietary Valuation Line calculated the intrinsic value of each share to be around $12.4. Currently, the stock is traded at $10.2, which is undervalued by 18.0%. Therefore, we determined the stock to be a fair buy at a discounted price. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for LXP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for LXP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for LXP. More…

Key Ratios Snapshot

Some of the financial key ratios for LXP are shown below. 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

Investors interested in LXP Industrial Trust may want to take note of the recent activity from Mercer Global Advisors Inc. ADV, which trimmed its position by 7.1% during the fourth quarter. This could be an indication that the company’s performance has been lagging and could be a warning sign for potential investors. Analyzing the company’s financials, recent news, and industry trends can provide a better understanding of LXP Industrial Trust’s potential investment value.