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LXP Industrial Trust Sells Development Projects for $175M

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LXP Industrial Trust Sells Development Projects for $175M

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LXP Industrial Trust ( (LXP) ) has provided an update.

On October 1, 2025, LXP Industrial Trust announced the sale of two vacant development projects in Ocala, Florida, and Indianapolis, Indiana, totaling 2,138,640 square feet, for $175 million. The sale, which closed on September 30, 2025, yielded a 20% premium over the properties’ gross book value as of June 30, 2025, and is expected to generate net proceeds of approximately $151 million. These funds will be used for debt repayment and general corporate purposes, potentially impacting LXP’s financial stability and strategic positioning in the real estate market.

The most recent analyst rating on (LXP) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on LXP Industrial Trust stock, see the LXP Stock Forecast page.

Spark’s Take on LXP Stock

According to Spark, TipRanks’ AI Analyst, LXP is a Neutral.

LXP Industrial Trust’s overall stock score reflects a solid financial position with strong revenue growth and profitability. The positive sentiment from the earnings call, highlighting strategic leasing and debt management, boosts the score. However, technical analysis indicates potential overvaluation and bearish momentum, while the decline in free cash flow growth poses a risk to future liquidity. Investors should weigh the attractive dividend yield against these risks.

To see Spark’s full report on LXP stock, click here.

More about LXP Industrial Trust

LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that focuses on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and lower Midwest. The company aims to expand its portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, and development projects.

Average Trading Volume: 3,531,351

Technical Sentiment Signal: Buy

Current Market Cap: $2.67B

Learn more about LXP stock on TipRanks’ Stock Analysis page.

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