LXP Industrial Trust Management

Management criteria checks 3/4

LXP Industrial Trust's CEO is Will Eglin, appointed in Apr 1996, has a tenure of 29.92 years. total yearly compensation is $5.38M, comprised of 15.3% salary and 84.7% bonuses, including company stock and options. directly owns 1.1% of the company’s shares, worth €25.74M. The average tenure of the management team and the board of directors is 8.7 years and 6.4 years respectively.

Key information

Will Eglin

Chief executive officer

US$5.4m

Total compensation

CEO salary percentage	15.3%
CEO tenure	28yrs
CEO ownership	1.1%
Management average tenure	8.7yrs
Board average tenure	6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Will Eglin's remuneration changed compared to LXP Industrial Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$5m	US$825k	US$24m
Sep 30 2023	n/a	n/a	US$48m
Jun 30 2023	n/a	n/a	US$58m
Mar 31 2023	n/a	n/a	US$108m
Dec 31 2022	US$5m	US$800k	US$107m
Sep 30 2022	n/a	n/a	US$331m
Jun 30 2022	n/a	n/a	US$314m
Mar 31 2022	n/a	n/a	US$345m
Dec 31 2021	US$6m	US$785k	US$376m
Sep 30 2021	n/a	n/a	US$218m
Jun 30 2021	n/a	n/a	US$253m
Mar 31 2021	n/a	n/a	US$200m
Dec 31 2020	US$6m	US$765k	US$177m
Sep 30 2020	n/a	n/a	US$158m
Jun 30 2020	n/a	n/a	US$259m
Mar 31 2020	n/a	n/a	US$263m
Dec 31 2019	US$6m	US$750k	US$273m
Sep 30 2019	n/a	n/a	US$213m
Jun 30 2019	n/a	n/a	US$288m
Mar 31 2019	n/a	n/a	US$263m
Dec 31 2018	US$5m	US$719k	US$221m
Sep 30 2018	n/a	n/a	US$226m
Jun 30 2018	n/a	n/a	US$14m
Mar 31 2018	n/a	n/a	US$23m
Dec 31 2017	US$3m	US$665k	US$79m

Compensation vs Market: Will's total compensation ($USD5.38M) is above average for companies of similar size in the German market ($USD2.47M).

Compensation vs Earnings: Will's compensation has been consistent with company performance over the past year.

CEO

Will Eglin (58 yo)

28yrs

Tenure

US$5,380,014

Compensation

Mr. T. Wilson Eglin, also known as Will, has been the Chief Executive Officer at LXP Industrial Trust (formerly known as Lexington Realty Trust) since January 01, 2003 and has been its President since Apri...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
T. Eglin	Chairman	28yrs	US$5.38m	1.1% $ 25.7m
Beth Boulerice	Executive VP	5.1yrs	US$2.02m	0.19% $ 4.5m
Joseph Bonventre	COO, Executive VP	20.3yrs	US$2.56m	0.28% $ 6.6m
Brendan Mullinix	Chief Investment Officer & Executive VP	3.9yrs	US$2.16m	0.23% $ 5.3m
James Dudley	Executive VP & Director of Asset Management	8.7yrs	US$1.55m	0.12% $ 2.8m
Mark Cherone	Senior VP & Chief Accounting Officer	5.1yrs	no data	0.023% $ 540.5k
Heather Gentry	Senior Vice President of Investor Relations	no data	no data	no data
Sara Klein	Director of Human Resources	no data	no data	no data
Patrick Carroll	Executive VP & Chief Risk Officer	21.3yrs	US$1.43m	0.29% $ 6.8m
Natasha Roberts	Executive VP & Director of Institutional Fund Management	no data	no data	no data
Lara Johnson	Executive VP of Investment & Chief Credit Officer	no data	US$1.39m	no data
Nabil Andrawis	Executive VP & Director of Taxation	no data	no data	0.074% $ 1.7m

8.7yrs

Average Tenure

51yo

Average Age

Experienced Management: LXN's management team is seasoned and experienced (8.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
T. Eglin	Chairman	29.9yrs	US$5.38m	1.1% $ 25.7m
Arun Gupta	Independent Trustee	2yrs	US$186.76k	0.017% $ 401.8k
Richard Frary	Emeritus Trustee	1.3yrs	US$137.36k	0.065% $ 1.5m
Howard Roth	Independent Trustee	6.4yrs	US$200.00k	0.028% $ 667.5k
Jamie Handwerker	Lead Independent Trustee	7.1yrs	US$198.12k	0.034% $ 788.1k
Claire Koeneman	Independent Trustee	8.6yrs	US$188.24k	0.036% $ 835.2k
Lawrence Gray	Independent Trustee	8.3yrs	US$188.24k	0.034% $ 796.8k
Elizabeth Noe	Independent Trustee	2.9yrs	US$186.76k	0.012% $ 291.9k
Derrick Johnson	Independent Trustee	1.8yrs	US$180.00k	0.0087% $ 204.1k

6.4yrs

Average Tenure

58yo

Average Age

Experienced Board: LXN's board of directors are considered experienced (6.4 years average tenure).

LXP Industrial Trust Management

Management criteria checks 3/4

Key information

Recent management updates

LXP Industrial Trust, Annual General Meeting, May 21, 2024

LXP Industrial Trust Appoints Derrick Johnson to Board of Trustees

Independent Lead Trustee recently bought €101k worth of stock

Independent Lead Trustee recently bought €104k worth of stock

Independent Lead Trustee recently bought €105k worth of stock

LXP Industrial Trust Announces Board Changes

Recent updates

LXP Industrial Trust to Report Q1, 2024 Results on May 02, 2024

LXP Industrial Trust, Annual General Meeting, May 21, 2024

Fourth quarter dividend of US$0.13 announced

LXP Industrial Trust Declares Dividend for the Quarter Ending March 31, 2024, Payable on or About April 15, 2024

Full year 2023 earnings released: FFO per share: US$0.7 (vs US$0.80 in FY 2022)

LXP Industrial Trust Provides Earnings Guidance for the Year Ending December 31, 2024

LXP Industrial Trust to Report Q4, 2023 Results on Feb 15, 2024

Upcoming dividend of US$0.13 per share at 5.4% yield

An unknown buyer acquired Office Building in Philadelphia, PA from LXP Industrial Trust (NYSE:LXP) for $26.3 million.

Third quarter 2023 earnings released: FFO per share: US$0.2 (vs US$0.16 in 3Q 2022)

LXP Industrial Trust to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.13 per share at 5.2% yield

New minor risk - Shareholder dilution

Second quarter 2023 earnings released: FFO per share: US$0.2 (vs US$0.19 in 2Q 2022)

LXP Industrial Trust Provides Earnings Guidance for the Year Ended December 31, 2023

LXP Industrial Trust to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of US$0.13 per share at 5.0% yield

LXP Industrial Trust Provides Earnings Guidance for the Year Ended December 31, 2023

First quarter 2023 earnings released: EPS: US$0.033 (vs US$0.032 in 1Q 2022)

Full year 2022 earnings released: FFO per share: US$0.8 (vs US$0.72 in FY 2021)

LXP Industrial Trust Provides Earnings Guidance for the Year Ending December 31, 2023

LXP Industrial Trust to Report Q4, 2022 Results on Feb 16, 2023

Upcoming dividend of US$0.13 per share

LXP Industrial Trust Declares Regular Quarterly Common Dividend, Payable on January 17, 2023

Third quarter 2022 earnings released: FFO per share: US$0.2 (vs US$0.14 in 3Q 2021)

LXP Industrial Trust Provides Earnings Guidance for the Year Ending December 31, 2022

LXP Industrial Trust to Report Q3, 2022 Results on Nov 03, 2022

Upcoming dividend of US$0.12 per share

LXP Industrial Trust Announces Common Share Dividend for the Quarter Ending September 30, 2022, Payable on or About October 17, 2022

Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.26 in 2Q 2021)

LXP Industrial Trust Provides Earnings Guidance for Year Ended December 31, 2022

LXP Industrial Trust Appoints Derrick Johnson to Board of Trustees

LXP Industrial Trust to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.12 per share

LXP Industrial Trust Announces Common Share Dividend for the Quarter Ending June 30, 2022, Payable on or About July 15, 2022

Independent Lead Trustee recently bought €101k worth of stock

Independent Lead Trustee recently bought €104k worth of stock

Independent Lead Trustee recently bought €105k worth of stock

First quarter 2022 earnings released: FFO: US$80.3m per share (vs US$0.23 in 1Q 2021)

LXP Industrial Trust Provides Financial Guidance for the Year Ended December 31, 2022

Investor sentiment deteriorated over the past week

LXP Industrial Trust to Report Q1, 2022 Results on May 05, 2022

LXP Industrial Trust Announces Board Changes

LXP Industrial Trust (NYSE:LXP) acquired Two Northern Kentucky buildings in Logistics Park 75 from SFG Walton KY LLC for $72.3 million.

LXP Industrial Trust Announces Impairment Results for the Fourth Quarter Ended December 31, 2021

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Land and Buildings Investment Management, LLC made an offer to acquire LXP Industrial Trust (NYSE:LXP) for $4.5 billion.

LXP Industrial Trust to Report Q4, 2021 Results on Feb 24, 2022

An affiliate of Davidson Kempner Capital Management LP acquired 80% stake in 22-property special purpose industrial portfolio from LXP Industrial Trust (NYSE:LXP).

Upcoming dividend of US$0.12 per share

Land & Buildings Provides Board Nominations Information to the Shareholders

Land & Buildings Posts Materials to its Website for Shareholders of Lexington Realty Trust

Insufficient new directors

Third quarter 2021 earnings released: EPS US$0.024 (vs US$0.15 in 3Q 2020)

Upcoming dividend of US$0.11 per share

Second quarter 2021 earnings released: FFO US$0.18 per share (vs US$0.20 in 2Q 2020)

Lexington Realty Trust Provides Earnings Guidance for the Year Ended December 31, 2021

Boyd Watterson Asset Management, LLC acquired 60,000-square-foot McLearen Center office building at McLearen Road from Lexington Realty Trust (NYSE:LXP) for $48 million.

Lexington Realty Trust (NYSE:LXP) acquired Class A Industrial Portfolio near the Port of Houston, Texas from Triten Real Estate Partners LLC.

First quarter 2021 earnings released: FFO US$0.23 per share (vs US$0.20 in 1Q 2020)

An unknown buyer acquired One industrial property in Laurens, South Carolina from Lexington Realty Trust (NYSE:LXP) for $40.1 million.

Upcoming dividend of US$0.11 per share

Lexington Realty Trust Announces Quarterly Common Share Dividend, Payable on or About April 15, 2021

New 90-day high: €9.26

Lexington Realty Trust (NYSE:LXP) acquired Four Warehouse/Distribution Properties for approximately $180 million.

Full year 2020 earnings released: FFO US$0.84 per share (vs US$0.78 in FY 2019)

Revenue beats expectations

Lexington Realty Trust to Report Q4, 2020 Results on Feb 18, 2021

Lexington Realty Trust(NYSE:LXP) dropped from Russell 2000 Dynamic Index