KBC Group NV Reduces Stake in LXP Industrial Trust by 13.2% in Q1
August 13, 2023
☀️Trending News
This move marks a notable shift for the company, which previously held a significant stake in the trust. LXP ($NYSE:LXP) Industrial Trust is a publicly traded real estate investment trust (REIT) based in the United States. The company invests in industrial properties located in major markets nationwide, with a focus on core markets on the West Coast.
Its portfolio includes properties ranging from warehouses and manufacturing facilities to distribution centers and office buildings. The trust is managed by a team of experienced professionals with expertise in real estate investment, management, construction, and finance.
Analysis
At GoodWhale, we provide analytical insights into the fundamental aspects of LXP INDUSTRIAL TRUST to help you make informed investment decisions. Our Risk Rating shows that LXP INDUSTRIAL TRUST is a low risk investment in terms of financial and business aspects. However, there is one risk warning that GoodWhale has detected in its balance sheet. To gain access to more information, create an account with us and view the details. We are here to help you make the best decisions when it comes to investing! More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LXP. More…
| Total Revenues | Net Income | Net Margin |
| 333.32 | 58.48 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LXP. More…
| Operations | Investing | Financing |
| 191.71 | -58.69 | -159.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LXP. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.96k | 1.64k | 7.47 |
Key Ratios Snapshot
Some of the financial key ratios for LXP are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 16.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
LXP Industrial Trust’s competitors include H&R Real Estate Investment Trust, Cousins Properties Inc, First Industrial Realty Trust Inc.
– H&R Real Estate Investment Trust ($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 are taking a closer look at LXP Industrial Trust after KBC Group NV recently reduced its ownership stake in the company by 13.2%. Their balance sheet is also strong, with an increase in assets and a decrease in liabilities over the same period.
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