LXP Industrial Trust LXP

LXP Company Overview

LXP Industrial Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused exclusively on the ownership, acquisition, and management of industrial real estate assets. The company operates within the U.S. industrial real estate sector, with an emphasis on single-tenant and multi-tenant distribution, warehouse, and light manufacturing properties. Its revenue is primarily generated through long-term lease agreements with corporate tenants across a diversified set of industries.

Originally founded in 1972 as a diversified REIT, the company historically held office, retail, and industrial properties. Beginning in 2020, LXP undertook a strategic transformation to become a pure-play industrial REIT, culminating in the spin-off of its office portfolio into LXP Office Trust in 2022. This repositioning was intended to align the company with favorable long-term fundamentals in logistics, e-commerce, and supply chain infrastructure, creating a more focused and scalable industrial platform.