# LXP Industrial Trust

Summary updated: 2026-10-02T13:57:13.47715Z
Canonical: https://finbar.com/research/companies/lxp-industrial-trust

## Overview

LXP Industrial Trust is a U.S. real estate investment trust focused on acquiring, owning, developing, and operating Class A warehouse and distribution properties. Its business is centered on leasing industrial real estate, with most properties under net or similar leases that place most property-related costs on tenants. [1](https://app.finbar.com/go?id=P99992052)[2](https://app.finbar.com/go?id=P144368726)

The company focuses on logistics markets in the U.S. Sunbelt and lower Midwest. In July 2026, LXP described a portfolio of approximately 53 million square feet across 108 properties, with investment focused on 12 target markets. [3](https://ir.lxp.com/News-1/news/news-details/2026/Brookfield-and-CPP-Investments-to-Acquire-LXP-Industrial-Trust-in-5-2-Billion-All-Cash-Transaction/default.aspx) LXP describes its approach as building reliable partnerships and shared success with stakeholders. [4](https://www.lxp.com/about-us/)

As a scale indicator, LXP reported $174.1 million in gross revenue for the six months ended June 30, 2026. [5](https://app.finbar.com/go?id=P144368680)[6](https://app.finbar.com/go?id=T16520082)
[1](https://app.finbar.com/go?id=P99992052)[2](https://app.finbar.com/go?id=P144368726)[3](https://ir.lxp.com/News-1/news/news-details/2026/Brookfield-and-CPP-Investments-to-Acquire-LXP-Industrial-Trust-in-5-2-Billion-All-Cash-Transaction/default.aspx)[4](https://www.lxp.com/about-us/)[5](https://app.finbar.com/go?id=P144368680)[6](https://app.finbar.com/go?id=T16520082)[3](https://ir.lxp.com/News-1/news/news-details/2026/Brookfield-and-CPP-Investments-to-Acquire-LXP-Industrial-Trust-in-5-2-Billion-All-Cash-Transaction/default.aspx)[4](https://www.lxp.com/about-us/)

## Products & services

LXP Industrial Trust’s principal property offering is Class A warehouse and distribution space, generally in single-tenant facilities. It develops and acquires these properties, including build-to-suit projects, and leases or re-leases them to tenants. Leases commonly include fixed annual rent increases and tenant reimbursements for taxes, insurance, common-area maintenance and utilities. [7](https://app.finbar.com/go?id=P144368989)[8](https://app.finbar.com/go?id=P144368873)[9](https://app.finbar.com/go?id=P52489084)

Its services include property development, acquisitions, leasing, sale-leaseback transactions and institutional fund management. In build-to-suit arrangements, LXP may fund construction and acquire the completed property once the tenant occupies it; sale-leasebacks allow a company to sell a facility and continue using it under a long-term lease. [10](https://www.lxp.com/capabilities/)[11](https://www.lxp.com/build-to-suits/)[12](https://www.lxp.com/sale-lease-backs/)

Facilities vary in size and configuration. Examples in company property listings include a roughly 234,000-square-foot Pasadena, Texas facility with 32-foot clear height and 59 dock doors; a 907,675-square-foot Fairburn, Georgia facility with 40-foot clear height and 168 dock doors; and a 1,214,526-square-foot Northlake, Texas facility with 36-foot clear height and dock-door capacity expandable from 90 to 260. [13](https://www.lxp.com/listing/4100-malone-drive/)[14](https://www.lxp.com/listing/1625-oakley-industrial-blvd-fairburn-ga/)[15](https://www.lxp.com/listing/8601-east-sam-lee-lane/)

The available reporting describes the portfolio as warehouse/distribution properties but does not provide revenue, rent or performance percentages by product category. [16](https://app.finbar.com/go?id=P22233944)[7](https://app.finbar.com/go?id=P144368989)
[7](https://app.finbar.com/go?id=P144368989)[8](https://app.finbar.com/go?id=P144368873)[9](https://app.finbar.com/go?id=P52489084)[16](https://app.finbar.com/go?id=P22233944)[10](https://www.lxp.com/capabilities/)[11](https://www.lxp.com/build-to-suits/)[12](https://www.lxp.com/sale-lease-backs/)[13](https://www.lxp.com/listing/4100-malone-drive/)[14](https://www.lxp.com/listing/1625-oakley-industrial-blvd-fairburn-ga/)[15](https://www.lxp.com/listing/8601-east-sam-lee-lane/)

## Geographic presence

For FY2025, LXP Industrial Trust’s disclosed consolidated warehouse and distribution properties were located in Arizona, Florida, Georgia, Illinois, Indiana, Kentucky, Mississippi, North Carolina, New York, Ohio, South Carolina and Tennessee. The listed properties include clusters around Phoenix/Goodyear, Atlanta and Savannah, Indianapolis, Memphis, Ohio markets and Greenville–Spartanburg. [16](https://app.finbar.com/go?id=P22233944)[17](https://app.finbar.com/go?id=P9454209) Separately identified non-consolidated holdings included properties in Alabama, Illinois, Kentucky, Maine, Michigan, North Carolina, Ohio, South Carolina, Tennessee, Texas and Washington, as well as Maryland land and office properties in Missouri, North Carolina, Ohio and Texas. [18](https://app.finbar.com/go?id=P99882143)

The company’s principal executive office and headquarters are in West Palm Beach, Florida, with satellite offices in Dallas, Texas, and New York, New York. [19](https://app.finbar.com/go?id=P30763482)[20](https://app.finbar.com/go?id=P78351888) The reviewed annual report did not disclose revenue by geography or employee distribution by location. [21](https://app.finbar.com/go?id=D275527)
[16](https://app.finbar.com/go?id=P22233944)[17](https://app.finbar.com/go?id=P9454209)[18](https://app.finbar.com/go?id=P99882143)[19](https://app.finbar.com/go?id=P30763482)[20](https://app.finbar.com/go?id=P78351888)[21](https://app.finbar.com/go?id=D275527)

## Business segments

LXP Industrial Trust reports one operating and reportable segment. Its focus is owning, operating, acquiring, and developing Class A warehouse and distribution facilities, primarily under net or similar leases. [22](https://app.finbar.com/go?id=P54152211)[23](https://app.finbar.com/go?id=P144368945)

The single segment represents the company’s consolidated operations; LXP does not report separate operating segments for warehouse, distribution, office, or other property types. Accordingly, no percentage contribution by property type is reported as a segment mix. The cited filings provide no separate segment percentages for revenue, NOI, or assets. [23](https://app.finbar.com/go?id=P144368945)[24](https://app.finbar.com/go?id=P144368946)
[22](https://app.finbar.com/go?id=P54152211)[23](https://app.finbar.com/go?id=P144368945)[24](https://app.finbar.com/go?id=P144368946)

## Company history

LXP traces its origins to Lexington Corporate Properties, Inc., formed in October 1993 from the combination of Lepercq Corporate Income Funds I and II. On December 31, 1997, that predecessor merged into Lexington Corporate Properties Trust, a Maryland REIT. The company later changed its name to Lexington Realty Trust in 2006 and combined with Newkirk Realty Trust that December. [25](https://app.finbar.com/go?id=P196242708)[4](https://www.lxp.com/about-us/)[26](https://www.sec.gov/Archives/edgar/data/1333578/000111667906001808/ex99-1.htm)

In 2003, T. Wilson Eglin was named CEO, succeeding E. Robert Roskind. During the 2010s, Lexington shifted its portfolio toward industrial real estate, including through the 2018 sale of a 21-property office portfolio for $726 million; by year-end 2018, industrial assets accounted for 71% of gross book value. On December 15, 2021, the company changed its name to LXP Industrial Trust, reflecting its focus on industrial properties. Its 2023 annual report described the portfolio transformation as substantially complete. [27](https://crenews.com/2003/01/03/lexington-corporate-names-wilson-eglin-ceo/)[28](https://ir.lxp.com/News-1/news/news-details/2019/Lexington-Realty-Trust-Reports-Fourth-Quarter-2018-Results-2019-2-27/default.aspx)[29](https://www.sec.gov/Archives/edgar/data/910108/000153949721002090/n2288-x15_8k.htm)[30](https://app.finbar.com/go?id=P97688418)
[25](https://app.finbar.com/go?id=P196242708)[30](https://app.finbar.com/go?id=P97688418)[4](https://www.lxp.com/about-us/)[26](https://www.sec.gov/Archives/edgar/data/1333578/000111667906001808/ex99-1.htm)[27](https://crenews.com/2003/01/03/lexington-corporate-names-wilson-eglin-ceo/)[28](https://ir.lxp.com/News-1/news/news-details/2019/Lexington-Realty-Trust-Reports-Fourth-Quarter-2018-Results-2019-2-27/default.aspx)[29](https://www.sec.gov/Archives/edgar/data/910108/000153949721002090/n2288-x15_8k.htm)

## Sources

1. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99992052)
2. [LXP Industrial Trust — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144368726)
3. [ir.lxp.com](https://ir.lxp.com/News-1/news/news-details/2026/Brookfield-and-CPP-Investments-to-Acquire-LXP-Industrial-Trust-in-5-2-Billion-All-Cash-Transaction/default.aspx)
4. [www.lxp.com](https://www.lxp.com/about-us/)
5. [LXP Industrial Trust — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144368680)
6. [LXP Industrial Trust — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16520082)
7. [LXP Industrial Trust — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144368989)
8. [LXP Industrial Trust — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144368873)
9. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P52489084)
10. [www.lxp.com](https://www.lxp.com/capabilities/)
11. [www.lxp.com](https://www.lxp.com/build-to-suits/)
12. [www.lxp.com](https://www.lxp.com/sale-lease-backs/)
13. [www.lxp.com](https://www.lxp.com/listing/4100-malone-drive/)
14. [www.lxp.com](https://www.lxp.com/listing/1625-oakley-industrial-blvd-fairburn-ga/)
15. [www.lxp.com](https://www.lxp.com/listing/8601-east-sam-lee-lane/)
16. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P22233944)
17. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P9454209)
18. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P99882143)
19. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30763482)
20. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78351888)
21. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=D275527)
22. [LXP Industrial Trust — Full financial report (2025 Y)](https://app.finbar.com/go?id=P54152211)
23. [LXP Industrial Trust — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144368945)
24. [LXP Industrial Trust — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P144368946)
25. [LXP Industrial Trust — Full financial report (2015 Y)](https://app.finbar.com/go?id=P196242708)
26. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/1333578/000111667906001808/ex99-1.htm)
27. [crenews.com](https://crenews.com/2003/01/03/lexington-corporate-names-wilson-eglin-ceo/)
28. [ir.lxp.com](https://ir.lxp.com/News-1/news/news-details/2019/Lexington-Realty-Trust-Reports-Fourth-Quarter-2018-Results-2019-2-27/default.aspx)
29. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/910108/000153949721002090/n2288-x15_8k.htm)
30. [LXP Industrial Trust — Full financial report (2023 Y)](https://app.finbar.com/go?id=P97688418)

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