Lexington Realty Trust
Market Cap
US$3.2b
Last Updated
2021/04/12 22:13 UTC
Data Sources
Company Financials +
Executive Summary
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-leased industrial properties across the United States. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 78.1% per year for the next 3 years
+ 2 more risks
Snowflake Analysis
Established dividend payer and good value.
Similar Companies
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: LXP's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
1.1%
LXP
0.3%
US REITs
2.1%
US Market
1 Year Return
11.3%
LXP
18.3%
US REITs
56.3%
US Market
Return vs Industry: LXP underperformed the US REITs industry which returned 18.3% over the past year.
Return vs Market: LXP underperformed the US Market which returned 56.3% over the past year.
Shareholder returns
| LXP | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.1% | 0.3% | 2.1% |
| 30 Day | 1.2% | 2.5% | 2.4% |
| 90 Day | 14.6% | 14.5% | 6.8% |
| 1 Year | 15.8%11.3% | 23.3%18.3% | 59.1%56.3% |
| 3 Year | 72.6%47.5% | 41.9%24.7% | 65.7%55.1% |
| 5 Year | 75.6%29.9% | 46.8%17.2% | 122.3%97.7% |
Long-Term 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
14 hours ago | Simply Wall St
Lexington Realty Trust's (NYSE:LXP) Stock Is Going Strong: Have Financials A Role To Play?1 month ago | Simply Wall St
Did You Participate In Any Of Lexington Realty Trust's (NYSE:LXP) Respectable 97% Return?3 months ago | Simply Wall St
Is Lexington Realty Trust's (NYSE:LXP) Recent Stock Performance Influenced By Its Financials In Any Way?Valuation
Is Lexington Realty Trust undervalued compared to its fair value and its price relative to the market?
40.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LXP ($11.42) is trading below our estimate of fair value ($19.41)
Significantly Below Fair Value: LXP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LXP is good value based on its PE Ratio (17.2x) compared to the US REITs industry average (46.5x).
PE vs Market: LXP is good value based on its PE Ratio (17.2x) compared to the US market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: LXP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: LXP's PB Ratio (1.7x) is in line with the US REITs industry average.
Future Growth
How is Lexington Realty Trust forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-78.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LXP's earnings are forecast to decline over the next 3 years (-78.1% per year).
Earnings vs Market: LXP's earnings are forecast to decline over the next 3 years (-78.1% per year).
High Growth Earnings: LXP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: LXP's revenue (3.9% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: LXP's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LXP's Return on Equity is forecast to be low in 3 years time (1.7%).
Past Performance
How has Lexington Realty Trust performed over the past 5 years?
24.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LXP has a large one-off gain of $146.0M impacting its December 31 2020 financial results.
Growing Profit Margin: LXP's current net profit margins (53.5%) are lower than last year (83.8%).
Past Earnings Growth Analysis
Earnings Trend: LXP's earnings have grown significantly by 24.2% per year over the past 5 years.
Accelerating Growth: LXP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LXP had negative earnings growth (-35.3%) over the past year, making it difficult to compare to the REITs industry average (-4.4%).
Return on Equity
High ROE: LXP's Return on Equity (9.4%) is considered low.
Financial Health
How is Lexington Realty Trust's financial position?
Financial Position Analysis
Short Term Liabilities: LXP's short term assets ($265.8M) exceed its short term liabilities ($102.6M).
Long Term Liabilities: LXP's short term assets ($265.8M) do not cover its long term liabilities ($1.4B).
Debt to Equity History and Analysis
Debt Level: LXP's debt to equity ratio (68.3%) is considered high.
Reducing Debt: LXP's debt to equity ratio has reduced from 149.4% to 68.3% over the past 5 years.
Debt Coverage: LXP's debt is not well covered by operating cash flow (14.8%).
Interest Coverage: LXP's interest payments on its debt are not well covered by EBIT (1.7x coverage).
Balance Sheet
Dividend
What is Lexington Realty Trust current dividend yield, its reliability and sustainability?
3.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LXP's dividend (3.77%) is higher than the bottom 25% of dividend payers in the US market (1.26%).
High Dividend: LXP's dividend (3.77%) is in the top 25% of dividend payers in the US market (3.5%)
Stability and Growth of Payments
Stable Dividend: LXP's dividend payments have been volatile in the past 10 years.
Growing Dividend: LXP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (52.8%), LXP's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LXP's dividends in 3 years are forecast to be covered by earnings (59.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average management tenure
CEO
Will Eglin (55 yo)
18.25yrs
Tenure
US$5,703,514
Compensation
Mr. T. Wilson Eglin, also known as Will, has been the Chief Executive Officer at Lexington Realty Trust since January 2003 and President since April 1996. Mr. Eglin has been the Chairman of the Board at Le...
CEO Compensation Analysis
Compensation vs Market: Will's total compensation ($USD5.70M) is about average for companies of similar size in the US market ($USD5.06M).
Compensation vs Earnings: Will's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: LXP's management team is considered experienced (2.1 years average tenure).
Board Members
Experienced Board: LXP's board of directors are considered experienced (4.2 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.3%.
Top Shareholders
Company Information
Lexington Realty Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Lexington Realty Trust
- Ticker: LXP
- Exchange: NYSE
- Founded: 1986
- Industry: Industrial REITs
- Sector: Real Estate
- Implied Market Cap: US$3.202b
- Market Cap: US$3.170b
- Shares outstanding: 280.42m
- Website: https://www.lxp.com
Number of Employees
Location
- Lexington Realty Trust
- One Penn Plaza
- Suite 4015
- New York
- New York
- 10119
- United States
Listings
Biography
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) that owns a portfolio of real estate assets consisting primarily of equity investments in single-tenant net-lease...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 22:13 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.