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LXP Industrial Trust downgraded to Hold as shares near intrinsic value after price jump.

Analyst Insights
14 Jun 2026
Seeking Alpha
View Source
Neutral
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LXP Industrial Trust has been downgraded to Hold because its shares now trade close to their intrinsic value, reducing the previous margin of safety. The company reported strong Q1 results with growth in funds from operations (FFO), ongoing debt reduction, and a $103 million acquisition in Phoenix yielding 15.6% cash return. Guidance for 2026 was raised, expecting adjusted FFO of $3.30–$3.40 per share and plans to sell $200 million in non-core assets by the second half of 2026. Despite benefits from industrial demand and data center adjacency, macroeconomic risks and high payout ratios limit upside at current valuations.

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