LXP Industrial Trust Sells Properties for $175 Million, Boosting Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 22 2025
0mins
Source: Benzinga
- Performance Highlight: LXP Industrial Trust reported in-line third-quarter earnings, successfully selling two vacant development projects in Central Florida and Indianapolis for $175 million, which is a 20% premium over book value, enhancing earnings by approximately 6% while reducing leverage to 5.2x.
- Market Reaction: The company's stock gained around 7% over the past month, reaching a 52-week high of $52.52, reflecting positive market sentiment towards its financial performance, with an RSI value of 74.1 indicating potential overbought conditions.
- Leasing Success: In the second quarter, LXP successfully leased a one million square foot Greenville/Spartanburg development project, resulting in an occupancy rate of approximately 97% at quarter-end, further solidifying its market position.
- Future Outlook: LXP's successful transactions and high occupancy not only enhance its financial stability but also lay the groundwork for future investments and expansions, demonstrating the company's strong competitive edge in the real estate market.
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Analyst Views on ALEX
Wall Street analysts forecast ALEX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALEX is 20.95 USD with a low forecast of 20.85 USD and a high forecast of 21.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
3 Hold
0 Sell
Hold
Current: 20.700
Low
20.85
Averages
20.95
High
21.00
Current: 20.700
Low
20.85
Averages
20.95
High
21.00
About ALEX
Alexander & Baldwin, Inc. is a real estate investment trust (REIT). The Company is focused on owning, operating, and developing commercial real estate. The Company operates through two segments: Commercial Real Estate and Land Operations. The Commercial Real Estate segment functions as a vertically integrated real estate investment company with competencies in investments and acquisitions, including identifying opportunities and acquiring properties; construction and development, including designing and ground-up development of new properties, and in-house leasing and property management. The Land Operations segment includes the Company's landholdings, joint venture investments, and liabilities that are subject to the Company's simplification and monetization effort. It owns, operates, and manages approximately 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 146 acres of ground leases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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