Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States.
Undervalued with acceptable track record.
Share Price & News
How has Lexington Realty Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LXP.PRC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LXP.PRC underperformed the US REITs industry which returned 16% over the past year.
Return vs Market: LXP.PRC underperformed the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Lexington Realty Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Lexington Realty Trust undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LXP.PRC ($57.4) is trading below our estimate of fair value ($81.25)
Significantly Below Fair Value: LXP.PRC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LXP.PRC is good value based on its PE Ratio (10.2x) compared to the REITs industry average (37.2x).
PE vs Market: LXP.PRC is good value based on its PE Ratio (10.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: LXP.PRC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: LXP.PRC is good value based on its PB Ratio (1.9x) compared to the US REITs industry average (2.1x).
How is Lexington Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LXP.PRC's earnings are forecast to decline over the next 3 years (-125.9% per year).
Earnings vs Market: LXP.PRC's earnings are forecast to decline over the next 3 years (-125.9% per year).
High Growth Earnings: LXP.PRC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: LXP.PRC's revenue (0.5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: LXP.PRC's revenue (0.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LXP.PRC's Return on Equity is forecast to be low in 3 years time (0.1%).
How has Lexington Realty Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LXP.PRC has a large one-off gain of $241.0M impacting its December 31 2019 financial results.
Growing Profit Margin: LXP.PRC's current net profit margins (83.8%) are higher than last year (55.9%).
Past Earnings Growth Analysis
Earnings Trend: LXP.PRC's earnings have grown significantly by 29.3% per year over the past 5 years.
Accelerating Growth: LXP.PRC's earnings growth over the past year (23.7%) is below its 5-year average (29.3% per year).
Earnings vs Industry: LXP.PRC earnings growth over the past year (23.7%) exceeded the REITs industry 7.6%.
Return on Equity
High ROE: LXP.PRC's Return on Equity (16.5%) is considered low.
Return on Assets
Return on Capital Employed
How is Lexington Realty Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: LXP.PRC has a high level of physical assets or inventory.
Debt Coverage by Assets: LXP.PRC's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: LXP.PRC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if LXP.PRC has a sufficient allowance for bad loans.
Low Risk Liabilities: LXP.PRC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if LXP.PRC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: LXP.PRC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if LXP.PRC has an appropriate level of bad loans.
What is Lexington Realty Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LXP.PRC's dividend (3.58%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: LXP.PRC's dividend (3.58%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: LXP.PRC's dividend payments have been volatile in the past 10 years.
Growing Dividend: LXP.PRC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (75.5%), LXP.PRC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LXP.PRC's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Will Eglin (54yo)
Mr. T. Wilson Eglin, also known as Will, has been the Chief Executive Officer at Lexington Realty Trust since January 2003 and President since April 1996. Mr. Eglin has been the Chairman of the Board at Le ...
CEO Compensation Analysis
Compensation vs Market: Will's total compensation ($USD5.07M) is about average for companies of similar size in the US market ($USD4.87M).
Compensation vs Earnings: Will's compensation has increased by more than 20% in the past year.
|Executive VP||16.1yrs||US$1.28m||0.16% $4.9m|
|Executive VP & Chief Risk Officer||17.1yrs||US$1.77m||0.39% $11.9m|
|Executive VP & Executive Officer||0yrs||US$1.09m||0.14% $4.4m|
|Executive VP||0.9yrs||no data||0.11% $3.2m|
|Chief Accounting Officer||0.9yrs||no data||0.011% $346.1k|
|Senior Vice President of Investor Relations||0yrs||no data||no data|
|Executive VP & Executive Officer||0yrs||no data||0.13% $3.9m|
|Executive VP & Director of Taxation||0yrs||no data||no data|
|Executive VP||4.5yrs||no data||0.044% $1.3m|
Experienced Management: LXP.PRC's management team is seasoned and experienced (10.3 years average tenure).
|Lead Trustee||3.1yrs||US$160.21k||0.053% $1.6m|
Experienced Board: LXP.PRC's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lexington Realty Trust's company bio, employee growth, exchange listings and data sources
- Name: Lexington Realty Trust
- Ticker: LXP.PRC
- Exchange: NYSE
- Founded: 1986
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: US$3.031b
- Market Cap: US$2.993b
- Shares outstanding: 258.14m
- Website: https://www.lxp.com
Number of Employees
- Lexington Realty Trust
- One Penn Plaza
- Suite 4015
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LXP||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Oct 1993|
|LXN||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Oct 1993|
|LXP.PRC||NYSE (New York Stock Exchange)||PFD CONV SER C||US||USD||Dec 2004|
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a diversified portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 01:51|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.