NYSE:LXPIndustrial REITs
S&P’s Positive Outlook Could Be A Game Changer For LXP Industrial Trust (LXP)
S&P Global Ratings recently revised its outlook on LXP Industrial Trust to positive from stable after the REIT sold vacant development projects, used the proceeds to repay debt, and fully leased another development expected to support EBITDA.
This outlook shift highlights how LXP’s capital recycling and focus on higher-quality industrial assets are reshaping its balance sheet and earnings profile.
We’ll now explore how S&P’s positive outlook, driven by LXP’s deleveraging progress, may...