LXP Industrial Trust Boosts 2026 FFO Guidance on Leasing
Claim 55% Off TipRanks
- Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis.
- Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter
An announcement from LXP Industrial Trust ( (LXP) ) is now available.
On June 1, 2026, LXP Industrial Trust reported strong recent leasing momentum, executing 2.7 million square feet of new and renewal leases in the second quarter to date, bringing year-to-date leasing volume to 4.6 million square feet and achieving an average 22% cash base rent increase on second-generation leases. New and extended leases across markets including Glendale, Houston, Savannah and San Antonio highlight solid tenant demand and longer lease terms, which support cash flow visibility and reinforce LXP’s footprint in core logistics hubs.
The REIT also disclosed it acquired a 37-acre infill industrial redevelopment site in Phoenix in May for $103 million, currently a fully leased office campus generating $16.1 million in annual triple net rent with 2% annual escalations, and plans to redevelop the site into 400,000 to 450,000 square feet of industrial facilities after lease expiry in 2031. Citing this transaction and recent leasing activity, LXP raised its 2026 Adjusted Company FFO guidance to a range of $3.30 to $3.40 per diluted share, up from $3.22 to $3.37, while maintaining same-store NOI growth expectations and outlining $200 million of non-target market dispositions, signaling confidence in earnings growth and continued portfolio repositioning.
The most recent analyst rating on (LXP) stock is a Hold
with a $53.00 price target.
To see the full list of analyst forecasts on LXP Industrial Trust stock,
see the LXP Stock Forecast page.
Spark’s Take on LXP Stock
According to Spark, TipRanks’ AI Analyst, LXP is a Neutral.
The score is anchored by stable cash generation and manageable leverage, but is held back by weak revenue momentum and negative gross profit in recent periods. Technicals are supportive (uptrend above key moving averages), and the earnings call adds confidence via maintained guidance and strong leasing/rent mark-to-market, while valuation is mixed due to an attractive yield but a negative P/E.
To see Spark’s full report on LXP stock,
click here.
More about LXP Industrial Trust
LXP Industrial Trust is a publicly traded real estate investment trust listed on the NYSE under the ticker LXP, specializing in Class A warehouse and distribution properties. The company targets 12 key industrial markets across the Sunbelt and lower Midwest, expanding its portfolio through acquisitions, build-to-suit and sale-leaseback deals, and development and redevelopment projects.
LXP focuses on modern logistics assets that support warehouse and distribution users, positioning itself to benefit from structural demand for high-quality industrial space. Its strategy emphasizes concentration in growth markets, recycling capital from non-target assets into higher-yielding opportunities within its targeted geographies and property types.
Average Trading Volume: 516,362
Technical Sentiment Signal: Buy
Current Market Cap: $3.04B
For an in-depth examination of LXP stock, go to TipRanks’ Overview page.
