LXP Industrial Trust (NYSE: LXP) is a real estate investment trust that specializes in the financing, acquisition, development, and ownership of single-tenant industrial properties. Originally founded in 1993 as a diversified net-lease REIT under the name Lexington Corporate Properties, the company underwent a multi-year strategic transformation to become a pure-play industrial REIT, culminating in its rebranding to LXP Industrial Trust in late 2021. Today, the company's portfolio consists entirely of industrial assets, primarily Class A warehouse and distribution centers designed to capture demand from e-commerce and supply chain growth. LXP focuses its investments in key logistics markets across the Sunbelt and lower Midwest regions of the United States. The company generates revenue primarily through long-term leases with a diverse tenant base, which includes major corporations and investment-grade tenants. In addition to its core portfolio, LXP engages in build-to-suit transactions, sale-leasebacks, and speculative development projects to drive growth. The company also provides advisory services and co-invests with institutional partners in non-consolidated joint ventures.
