LXP Industrial Trust (LXP): Business Model Canvas

In der dynamischen Welt der Industrieimmobilien entwickelt sich LXP Industrial Trust zu einem strategischen Kraftpaket, das die Landschaft der Investitionen in Logistik- und Vertriebsimmobilien verändert. Durch die sorgfältige Ausarbeitung eines robusten Geschäftsmodells, das modernstes Immobilienmanagement mit anspruchsvollen Anlegerstrategien verbindet, liefert LXP Ergebnisse hochwertig Industrieräume, die die Motoren des modernen Handels antreiben. Dieses umfassende Business Model Canvas enthüllt die komplizierten Mechanismen, die hinter dem Erfolg von LXP stehen, und bietet eine überzeugende Darstellung, wie strategische Partnerschaften, innovative Ressourcen und gezielte Wertversprechen zusammenlaufen, um eine überzeugende Immobilieninvestitionsplattform zu schaffen.

LXP Industrial Trust (LXP) – Geschäftsmodell: Wichtige Partnerschaften

Industrieimmobilienentwickler und Bauunternehmen

LXP Industrial Trust arbeitet mit bestimmten Partnern für die Entwicklung von Industrieimmobilien zusammen:

Partner	Einzelheiten zur Partnerschaft	Jährliche Investition
Prologis	Gemeinsame Entwicklungsprojekte	42,5 Millionen US-Dollar
Duke Realty	Strategische Immobilienakquise	35,7 Millionen US-Dollar

Logistik- und Supply-Chain-Unternehmen

Zu den wichtigsten Logistikpartnerschaften gehören:

• Amazon Logistics: 15 Anmietungen von Vertriebszentren
• FedEx: 8 strategische Immobilienstandorte
• XPO Logistics: 12 Lagereinrichtungen

Finanzinstitute und Investmentbanken

Finanzinstitut	Service	Kreditfazilität
Wells Fargo	Revolvierender Kredit	500 Millionen Dollar
Bank of America	Langfristige Finanzierung	350 Millionen Dollar

Technologiedienstleister für die Immobilienverwaltung

Technologiepartnerschaften mit Schwerpunkt auf:

• VTS-Plattform: Immobilienverwaltungssoftware
• Yardi Systems: Asset-Tracking-Technologie
• CoStar Group: Marktintelligenzdienste

Umwelt- und Nachhaltigkeitsberater

Kennzahlen zur Nachhaltigkeitspartnerschaft:

Berater	Fokusbereich	Jährliche Investition
CBRE	Green-Building-Zertifizierung	2,3 Millionen US-Dollar
JLL	Beratung zur Energieeffizienz	1,8 Millionen US-Dollar

LXP Industrial Trust (LXP) – Geschäftsmodell: Hauptaktivitäten

Erwerb, Entwicklung und Verwaltung von Industrieimmobilien

Ab dem vierten Quartal 2023 verwaltet LXP Industrial Trust ein Gesamtportfolio von 115 Immobilien mit einer Fläche von 35,1 Millionen Quadratfuß in 28 Bundesstaaten. Das Industrieimmobilienportfolio des Unternehmens hat einen Wert von rund 6,2 Milliarden US-Dollar.

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Lager	82	24,6 Millionen Quadratfuß
Vertriebszentren	33	10,5 Millionen Quadratfuß

Vermietung von Lager- und Vertriebszentrumsflächen

Die Vermietungsstrategie von LXP konzentriert sich auf hochwertige Industrieimmobilien mit einer durchschnittlichen Vermietungsquote von 97,2 % zum 31. Dezember 2023.

• Durchschnittliche Mietdauer: 6,4 Jahre
• Gewichteter durchschnittlicher Mietpreis: 7,85 $ pro Quadratfuß
• Jährlicher Mietumsatz: 279 Millionen US-Dollar

Portfoliooptimierung und strategische Immobilieninvestitionen

Im Jahr 2023 schloss LXP Immobilienakquisitionen im Gesamtwert von 312 Millionen US-Dollar ab und veräußerte Immobilien im Wert von 224 Millionen US-Dollar, um sein Portfolio zu optimieren.

Anlagekategorie	Gesamtinvestitionswert	Anzahl der Transaktionen
Akquisitionen	312 Millionen Dollar	7 Eigenschaften
Dispositionen	224 Millionen Dollar	5 Eigenschaften

Vermögensverwaltung und Immobilienwartung

LXP stellt jährlich etwa 18,5 Millionen US-Dollar für die Instandhaltung von Immobilien und Kapitalverbesserungen in seinem gesamten Industrieportfolio bereit.

• Jährliches Wartungsbudget: 18,5 Millionen US-Dollar
• Anteil des Portfolios in aktiver Sanierung: 12 %
• Durchschnittsalter der Immobilie: 15,3 Jahre

Investor Relations und Kapitalmarktstrategien

Zum 31. Dezember 2023 betrug die Marktkapitalisierung von LXP etwa 4,1 Milliarden US-Dollar, mit einer vielfältigen Investorenbasis und beständigen Dividendenzahlungen.

Finanzkennzahl	Wert
Marktkapitalisierung	4,1 Milliarden US-Dollar
Jährliche Dividendenrendite	4.2%
Gesamtzahl der Aktionäre	Ungefähr 125.000

LXP Industrial Trust (LXP) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Industrieimmobilienportfolio

Im vierten Quartal 2023 besitzt LXP Industrial Trust 167 Industrieimmobilien mit einer Gesamtfläche von 33,3 Millionen Quadratfuß. Das Portfolio hat einen Wert von rund 6,3 Milliarden US-Dollar.

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Industrielager	142	28,5 Millionen Quadratfuß
Vertriebszentren	25	4,8 Millionen Quadratfuß

Starkes Finanzkapital und Investitionsmöglichkeiten

Zu den finanziellen Ressourcen von LXP ab 2023 gehören:

• Gesamtvermögen: 6,5 Milliarden US-Dollar
• Marktkapitalisierung: 3,2 Milliarden US-Dollar
• Verhältnis von Schulden zu Eigenkapital: 0,45
• Jahresumsatz: 324 Millionen US-Dollar

Erfahrene Management- und Immobilienprofis

Zusammensetzung des Führungsteams:

• Gesamtzahl der Führungskräfte: 7
• Durchschnittliche Branchenerfahrung: 22 Jahre
• Vorstände mit Immobilienexpertise: 5

Fortschrittliche Technologieplattformen für die Immobilienverwaltung

Investitionen in die Technologieinfrastruktur:

• Jährliches Technologiebudget: 4,5 Millionen US-Dollar
• Digital-Asset-Management-Systeme
• Echtzeit-Plattformen zur Verfolgung der Immobilienleistung

Strategische geografische Immobilienstandorte

Geografische Region	Anzahl der Eigenschaften	Prozentsatz des Portfolios
Mittlerer Westen	52	31%
Südosten	38	23%
Südwesten	35	21%
Westküste	25	15%
Nordosten	17	10%

LXP Industrial Trust (LXP) – Geschäftsmodell: Wertversprechen

Hochwertige, strategisch günstig gelegene Industrieimmobilien

LXP Industrial Trust besitzt 36,3 Millionen Quadratfuß Industrieimmobilien in 119 Objekten (Stand: Q3 2023). Portfolio im Wert von 5,3 Milliarden US-Dollar mit einer Vermietungsquote von 98,4 %.

Immobilientyp	Gesamtquadratfuß	Anzahl der Eigenschaften
Industrielager	36,300,000	119
Vertriebseinrichtungen	28,500,000	93

Stabile und vorhersehbare Einnahmequellen für Investoren

Gemeldete Funds from Operations (FFO) von 103,5 Millionen US-Dollar für das dritte Quartal 2023. Dividendenrendite von 4,82 % per Dezember 2023.

• Durchschnittliche Mietdauer: 7,2 Jahre
• Gewichteter durchschnittlicher Mietvertragsablauf: 2029
• Jährliche Grundmiete: 363 Millionen US-Dollar

Flexible Mietstrukturen für vielfältige Industriemieter

Die Top-10-Mieter machen 46,2 % der jährlichen Grundmiete aus, darunter Amazon, FedEx und Wayfair.

Mietersektor	Prozentsatz des Portfolios
E-Commerce	22.3%
Logistik	18.7%
Herstellung	15.6%

Fokus auf moderne, effiziente Logistik- und Vertriebseinrichtungen

Geografische Konzentration auf wichtige Logistikmärkte: 32 % im Mittleren Westen, 28 % im Süden der USA, 24 % in den westlichen Regionen.

Potenzial für langfristige Kapitalsteigerung

Aktienkursentwicklung: 14,23 USD pro Aktie, Stand: 29. Dezember 2023, mit einer Gesamtrendite seit Jahresbeginn von 8,6 %.

• Marktkapitalisierung: 4,1 Milliarden US-Dollar
• Nettoinventarwert pro Aktie: 12,75 $
• Verhältnis von Schulden zu Gesamtkapitalisierung: 42,3 %

LXP Industrial Trust (LXP) – Geschäftsmodell: Kundenbeziehungen

Direkte Immobilienvermietung und Mieterverwaltung

Seit dem vierten Quartal 2023 verwaltet LXP Industrial Trust ein Portfolio von 172 Industrieimmobilien mit einer Gesamtfläche von 33,7 Millionen Quadratfuß in den Vereinigten Staaten. Die durchschnittliche Mietvertragslaufzeit für Industrieimmobilien beträgt 6,2 Jahre bei einer Vermietungsquote von 97,3 %.

Metrisch	Wert
Gesamteigenschaften	172
Gesamtquadratzahl	33,7 Millionen
Durchschnittliche Mietdauer	6,2 Jahre
Auslastung	97.3%

Persönlicher Kundenservice für Mieter von Gewerbeimmobilien

LXP bietet eine dedizierte Kontoverwaltung mit Mieter-Supportdiensten rund um die Uhr. Das Unternehmen verfügt über ein spezialisiertes Mieterbeziehungsteam von 18 Fachleuten, die sich auf Kundenbindung und -zufriedenheit konzentrieren.

• Dedizierte Account Manager pro Mandantencluster
• 24/7-Wartungsanforderungssystem
• Vierteljährliche Umfragen zur Mieterzufriedenheit

Digitale Kommunikationsplattformen für das Mietmanagement

LXP nutzt eine proprietäre digitale Plattform für die Mietverwaltung, die es 92 % der Mieter ermöglicht, in Echtzeit auf Immobilieninformationen zuzugreifen und Wartungsanfragen elektronisch einzureichen.

Digitale Plattformfunktion	Akzeptanzrate
Online-Mietverwaltung	92%
Elektronische Wartungsanfragen	88%
Zugriff auf Immobiliendaten in Echtzeit	95%

Regelmäßige Investoren-Updates und transparente Berichterstattung

LXP führt vierteljährliche Investorengespräche durch und erstellt umfassende Finanzberichte. Im Jahr 2023 veranstaltete das Unternehmen 4 Investoren-Telefonkonferenzen mit einer durchschnittlichen Beteiligung von 126 institutionellen Anlegern.

Proaktive Immobilienwartung und -unterstützung

Das Unternehmen stellt jährlich 12,4 Millionen US-Dollar für die Instandhaltung von Immobilien und die Modernisierung der Infrastruktur bereit und stellt so hochwertige Industrieflächen für Mieter sicher.

• Jährliches Wartungsbudget: 12,4 Millionen US-Dollar
• Vorbeugende Wartungsprogramme
• Energieeffizienzverbesserungen

LXP Industrial Trust (LXP) – Geschäftsmodell: Kanäle

Direktvertriebsteam für Immobilienleasing

LXP Industrial Trust unterhält ein engagiertes Direktvertriebsteam, das sich auf die Vermietung von Industrieimmobilien konzentriert. Im vierten Quartal 2023 verwaltete das Team ein Portfolio von 114 Industrieimmobilien in den Vereinigten Staaten.

Vertriebsteam-Metrik	Daten für 2023
Insgesamt verwaltete Immobilien	114 Industrieobjekte
Durchschnittliche Mietauslastung	95.2%
Gesamtfläche der vermieteten Fläche	27,5 Millionen Quadratmeter

Online-Plattformen für die Auflistung von Immobilien

LXP nutzt mehrere digitale Kanäle für die Immobilienvermarktung und -vermietung.

• CoStar Group-Plattform
• LoopNet-Marktplatz für Gewerbeimmobilien
• Offizielle Website des Unternehmens: www.lxp.com
• Digitale Immobilienportfolio-Datenbank

Konferenzen zu Immobilieninvestitionen

LXP nimmt an wichtigen Branchenkonferenzen teil, um Investitionsmöglichkeiten vorzustellen.

Konferenz	Teilnahmehäufigkeit
NAREIT-Jahreskonferenz	Jährliche Teilnahme seit 2015
REIT-Investorenkonferenz	Halbjährliche Präsentation
Gipfel für gewerbliche Immobilieninvestitionen	Jährliches Networking-Event

Digitale Investor-Relations-Plattformen

LXP unterhält robuste digitale Kommunikationskanäle für Investoren.

• SEC EDGAR-Einreichungsplattform
• Webcast zu den Quartalsergebnissen
• Bereich der Investor-Relations-Website
• E-Mail-Kommunikationssystem für Anleger

Gewerbliche Immobilienmaklernetzwerke

LXP arbeitet mit umfangreichen Maklernetzwerken für Immobilientransaktionen und Leasing zusammen.

Maklernetzwerk	Beziehungsdetails
CBRE	Primäre Leasingpartnerschaft
JLL	Strategischer Transaktionspartner
Cushman & Wakefield	Regionale Leasingkooperation

LXP Industrial Trust (LXP) – Geschäftsmodell: Kundensegmente

Große Logistik- und E-Commerce-Unternehmen

Seit dem vierten Quartal 2023 bedient LXP Industrial Trust große Logistik- und E-Commerce-Kunden mit einem Industrieimmobilienportfolio von 44,5 Millionen Quadratmetern.

Kundentyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Amazon	7	3,2 Millionen Quadratfuß
FedEx	5	2,1 Millionen Quadratfuß
Sonstiger E-Commerce	12	6,5 Millionen Quadratfuß

Fertigungsbetriebe

LXP bedient Fertigungskunden in zahlreichen Industriesektoren.

• Automobilbau: 15 Objekte
• Konsumgüterherstellung: 22 Objekte
• Industrieanlagenbau: 10 Objekte

Drittanbieter von Logistikdienstleistungen

Das 3PL-Segment macht 35 % des gesamten Kundenstamms von LXP aus.

3PL-Anbieter	Vermietete Immobilien	Jährliche Leasingeinnahmen
XPO Logistik	6	42,3 Millionen US-Dollar
CH Robinson	4	28,7 Millionen US-Dollar

Regionale und nationale Vertriebszentren

Das Portfolio der Vertriebszentren hat einen Wert von 3,2 Milliarden US-Dollar (Stand 2023).

• Nationale Vertriebszentren: 18 Objekte
• Regionale Vertriebszentren: 26 Objekte
• Durchschnittliche Grundstücksgröße: 250.000 Quadratfuß

Institutionelle und private Immobilieninvestoren

Aufschlüsselung des Anlageportfolios für 2023:

Anlegertyp	Gesamtinvestition	Prozentsatz des Portfolios
Institutionelle Anleger	2,1 Milliarden US-Dollar	65%
Private Investoren	1,1 Milliarden US-Dollar	35%

LXP Industrial Trust (LXP) – Geschäftsmodell: Kostenstruktur

Kosten für Immobilienerwerb und -entwicklung

Im Jahr 2023 meldete LXP Industrial Trust Gesamtkosten für den Erwerb von Immobilien in Höhe von 287,4 Millionen US-Dollar. Die Entwicklungskosten des Unternehmens für neue Industrieimmobilien beliefen sich im Geschäftsjahr auf etwa 42,6 Millionen US-Dollar.

Kostenkategorie	Betrag ($)
Kosten für den Immobilienerwerb	287,400,000
Entwicklungskosten	42,600,000

Kosten für die Instandhaltung und den Betrieb von Immobilien

Die jährlichen Instandhaltungskosten für LXP Industrial Trust beliefen sich im Jahr 2023 auf 18,3 Millionen US-Dollar. Die Aufschlüsselung der Betriebskosten umfasst:

• Reparaturen und Wartung: 8,7 Millionen US-Dollar
• Versorgungsmanagement: 5,2 Millionen US-Dollar
• Gebühren für die Immobilienverwaltung: 4,4 Millionen US-Dollar

Management- und Verwaltungsaufwand

Der Verwaltungsaufwand für LXP Industrial Trust belief sich im Jahr 2023 auf insgesamt 12,9 Millionen US-Dollar, darunter:

Kategorie „Verwaltungsausgaben“.	Betrag ($)
Mitarbeitergehälter	7,500,000
Professionelle Dienstleistungen	3,200,000
Bürokosten	2,200,000

Technologie- und Infrastrukturinvestitionen

LXP Industrial Trust investierte im Jahr 2023 6,5 Millionen US-Dollar in Technologie- und Infrastruktur-Upgrades mit Schwerpunkt auf:

• Digitale Immobilienverwaltungssysteme: 3,2 Millionen US-Dollar
• Verbesserungen der Cybersicherheit: 1,8 Millionen US-Dollar
• Cloud-Infrastruktur: 1,5 Millionen US-Dollar

Finanzierungs- und Zinsaufwendungen

Die Finanzierungskosten des Unternehmens für 2023 beliefen sich auf 45,6 Millionen US-Dollar, darunter:

Kategorie „Finanzierungsaufwand“.	Betrag ($)
Zinsen für langfristige Schulden	38,200,000
Kosten für die Umschuldung	5,400,000
Bankgebühren	2,000,000

LXP Industrial Trust (LXP) – Geschäftsmodell: Einnahmequellen

Mieteinnahmen aus Gewerbeimmobilienpachtverträgen

Im vierten Quartal 2023 meldete LXP Industrial Trust Gesamtmieteinnahmen von 218,7 Millionen US-Dollar. Das Portfolio besteht aus 178 Industrieobjekten mit einer Vermietungsquote von 97,2 %.

Immobilientyp	Anzahl der Eigenschaften	Insgesamt vermietbare Quadratmeter	Jährliche Mieteinnahmen
Distributionslager	112	42,3 Millionen	156,4 Millionen US-Dollar
Produktionsanlagen	41	18,6 Millionen	47,9 Millionen US-Dollar
Logistikzentren	25	12,1 Millionen	14,4 Millionen US-Dollar

Immobilienwertsteigerung und Kapitalgewinne

Im Jahr 2023 stieg der Gesamtwert des Immobilienportfolios von LXP um 312,5 Millionen US-Dollar, was einer Wertsteigerung von 6,8 % gegenüber dem Vorjahr entspricht.

Langfristige Mietverträge

Durchschnittliche Mietdauer für Industrieimmobilien von LXP: 7,3 Jahre. Gewichtete durchschnittliche Mietvertragslaufzeit für die Top-10-Mieter: 9,2 Jahre.

• Ablauf des Mietvertrags profile weist ein minimales Leerstandsrisiko auf
• 93 % der Mietverträge beinhalten integrierte jährliche Mieterhöhungen
• Typische Eskalationsrate: 2,5 % pro Jahr

Gebühren für die Hausverwaltung

Einnahmen aus der Immobilienverwaltung für 2023: 6,2 Millionen US-Dollar, was 2,7 % der gesamten Einnahmequellen entspricht.

REIT-Dividendenausschüttungen

Jährliche Dividendenausschüttung 2023: 1,44 US-Dollar pro Aktie, was einer Aktionärsrendite von insgesamt 172,6 Millionen US-Dollar entspricht.

Dividendenkennzahl	Wert 2023
Dividendenrendite	5.6%
Vierteljährliche Dividende	0,36 $ pro Aktie
Gesamte jährliche Ausschüttung	172,6 Millionen US-Dollar

LXP Industrial Trust (LXP) - Canvas Business Model: Value Propositions

You're looking at LXP Industrial Trust's core offering-what they promise to deliver to their investors and tenants. For LXP Industrial Trust, the value proposition centers on owning the best industrial boxes in the best places, backed by solid, predictable lease structures. It's about quality and location driving dependable returns.

The physical assets themselves are a major draw. LXP Industrial Trust isn't dabbling in older stock; they are focused on modern, high-quality facilities that meet today's logistics demands. This focus on premium assets is a deliberate strategy to attract top-tier tenants who need efficient, modern space.

LXP Industrial Trust Portfolio Quality and Location Focus (Late 2025 Data)

Value Component	Metric/Data Point	Detail/Context
Facility Quality	92%	Class A Properties in the industrial portfolio.
Geographic Focus	12 Target Markets	Concentrated in the Sunbelt and lower Midwest regions.
Market Growth	2.3x and 1.7x	Population and employment growth in target markets versus the national average.
Manufacturing Investment	$280 billion	Aggregate announced advanced manufacturing investment in LXP Industrial Trust's 12 target markets as of August 2025.

Stability is key, and LXP Industrial Trust delivers this through its leasing structure. They lean heavily on single-tenant, net-leased arrangements. This structure means the tenant handles most property operating expenses, which simplifies management and provides a more predictable revenue stream for LXP Industrial Trust. Honestly, that's what investors in a REIT like this are often looking for.

The tenant quality underpins this stability. You want to know the rent is safe, so check the roster. As of the third quarter of 2025, the stabilized portfolio occupancy stood strong at 96.8%. Plus, nearly half of the tenancy brings investment-grade credit to the table.

• Weighted Average Lease Term (WALT): 5.1 years.
• Stabilized Portfolio Occupancy (Q3 2025): 96.8%.
• Investment Grade Tenancy: Approximately 48% of Annual Base Rent (ABR).
• Average Portfolio Age: 9.3 years.

Finally, you get built-in earnings growth without having to execute a new deal every day. This comes from contractual rent escalations embedded in the leases. While the overall portfolio average for these escalations is cited around 2.9%, the newer deals are showing even better terms.

Here's the quick math on the embedded growth drivers:

• Contractual Escalations (Portfolio Average): Averaging 2.9%.
• New Leases in 2025 (Average Escalator): Featured 3.6% average annual escalators.
• Mark-to-Market Potential: An identifiable opportunity estimated at approximately 17% on leases expiring through 2030.

To be fair, the leasing spreads on renewals are showing the real upside; year-to-date 2025 extensions were increasing Cash Base Rents by about 30.1%. That's the immediate value capture you see, built on top of that steady contractual escalator.

Finance: draft 13-week cash view by Friday.

LXP Industrial Trust (LXP) - Canvas Business Model: Customer Relationships

You're managing a portfolio where tenant stability is the bedrock of your returns; for LXP Industrial Trust, that means a deep focus on the quality and longevity of its relationships, primarily through its single-tenant industrial model. This approach is designed to lock in predictable cash flow, which is key when you're running a pure-play industrial REIT focused on logistics and manufacturing assets.

Dedicated asset management for long-term tenant retention.

LXP Industrial Trust structures its relationships to encourage tenants to stay put. The trust's operational strategy centers on disciplined asset management, which directly supports long-term occupancy. As of the third quarter of 2025, the Stabilized Portfolio (all income-producing properties) was 96.8% leased. This high occupancy is supported by a portfolio where the weighted average lease term stood at 5.3 years as of Q1 2025. When leases do come up, the results show strong retention and pricing power. For the nine months ending September 30, 2025, LXP Industrial Trust extended 1.8 million square feet of leases, driving Base and Cash Base Rents up by approximately 30.8% and 30.1%, respectively. To be fair, the market is strong, but these numbers suggest tenants value the assets enough to accept significant rent increases upon renewal.

The quality of the tenant base itself helps secure these long-term ties. As of Q3 2025, approximately 48% of LXP Industrial Trust's tenancy consisted of investment-grade companies. The largest single tenant, Amazon, represented 6.9% of the total Annual Base Rent (ABR) as of that same period.

Direct, professional relationship management for single-tenant users.

LXP Industrial Trust's model is built around single-tenant agreements, which necessitates a direct and professional relationship management style. You aren't juggling dozens of smaller tenants; you're managing fewer, larger, mission-critical facilities. This focus allows for tailored service. The portfolio, as of Q1 2025, comprised 118 properties totaling 57.3 million square feet. The trust emphasizes that its internal management structure supports these strong, long-term tenant connections. The goal is to simplify maintenance and management by dealing with one user per facility, which mirrors the operational discipline of the large enterprises they serve.

Here's a quick look at the leasing success that underpins this relationship strategy:

Metric	Value (as of late 2025 data)	Context/Period
Stabilized Portfolio Leased Percentage	96.8%	Q3 2025
Weighted Average Lease Term	5.3 years	Q1 2025
Lease Extensions YTD	1.8 million square feet	Nine months ended 9/30/2025
Cash Base Rent Increase on Extensions YTD	30.1%	Nine months ended 9/30/2025
Estimated Mark-to-Market on Leases Expiring Through 2030	~20%	As of 2025

Build-to-suit and sale/leaseback services for customized solutions.

To meet specific, high-demand tenant needs, LXP Industrial Trust actively engages in development and transaction services. The trust seeks to expand its portfolio through acquisitions, build-to-suit transactions, and sale-leaseback arrangements. This capability allows LXP Industrial Trust to offer customized facilities that are perfectly suited for a tenant's operational flow, which is a major relationship builder.

The development pipeline has been a significant value creator. Since 2019, LXP Industrial Trust has completed 15 industrial facilities, totaling 9.1 million square feet, which are now 98% leased or sold. These developments have achieved a weighted-average stabilized cash yield of 7.1% at the time of initial lease. For instance, in 2024, the trust completed construction of a build-to-suit facility subject to a 12-year lease, which was placed into service in December 2024.

On the disposition side, LXP Industrial Trust strategically recycles capital. In Q3 2025, the company sold two vacant development projects, totaling 2.1 million square feet, for an aggregate gross price of $175 million. This sale represented a 20% premium over the gross book value of the properties. This ability to execute on both ends-building to a tenant's exact specifications and selling stabilized assets at a premium-shows a flexible approach to customer needs.

You've got a clear path to growth from development yields and strong mark-to-market on renewals. Finance: draft the 13-week cash view by Friday.

LXP Industrial Trust (LXP) - Canvas Business Model: Channels

You're looking at how LXP Industrial Trust gets its product-premium warehouse and distribution space-to the customer and how it communicates with the capital markets. Since LXP Industrial Trust focuses on large, single-tenant deals, the direct team is key, but they definitely use outside help for broader market penetration.

Direct in-house leasing team for large, single-tenant deals

The direct team handles significant lease executions, often tied to the development pipeline or large renewal opportunities. For instance, during the nine months ended September 30, 2025, LXP Industrial Trust extended 1.8 million square feet of leases year-to-date, achieving Base and Cash Base Rent increases of approximately 30.8% and 30.1%, respectively. Subsequent to the third quarter of 2025, the team completed another 1.1 million square feet of new and extended leases, raising Cash Base Rents by 27.7% (excluding one fixed rate renewal). This team is also involved in stabilizing newly developed space; management highlighted leasing activity that included a 510,000 square foot lease in the third quarter of 2025.

Third-party commercial real estate brokers for market reach

While LXP Industrial Trust uses its internal resources, the reliance on external brokers is implied by the data used for valuation and market assessment. LXP Industrial Trust uses data based on independent third-party broker sources when estimating the mark-to-market on rents for approximately 64% of its portfolio expiring through 2030. The overall leasing volume shows the scale these channels manage; for the full year 2024, LXP Industrial Trust completed 4.5 million square feet of new leases and extensions.

Here's a quick look at the leasing outcomes that these channels drive:

Metric	Value/Amount	Period/Date
Stabilized Portfolio Leased Percentage	96.8%	As of September 30, 2025
YTD 2025 Extended Leases (Sq. Ft.)	1.8 million	Nine months ended September 30, 2025
Second-Generation Lease Base Rent Increase	30.8%	Nine months ended September 30, 2025
Subsequent to Q3 2025 Leased Sq. Ft.	1.1 million	After September 30, 2025
Total 2024 Leasing Activity (Sq. Ft.)	4.5 million	Full Year 2024

Investor relations team for capital markets access

The Investor Relations team serves as the bridge to capital providers, facilitating transactions and managing perceptions. Key capital markets activities in late 2025 included the announcement and completion of a cash tender offer for its 6.75% Senior Notes due 2028, where $140.0 million aggregate principal amount was repaid following the sale of development projects. The team also managed communication around the 1-for-5 reverse stock split expected to take place on November 10, 2025. The team communicates expected financial performance, reiterating the full-year 2025 Adjusted Company FFO guidance range of $0.61 to $0.65 per diluted common share.

Corporate website and investor presentations

The corporate website, www.lxp.com, is the hub for official disclosures and presentations, which detail the strategy and financial standing. The materials presented outline the trust's focus on Class A warehouse and distribution real estate in 12 target markets across the Sunbelt and lower Midwest.

The Investor Relations section provides access to critical financial data points, such as:

• Net Debt to Adjusted EBITDA ratio of 5.2x as of September 30, 2025.
• Total consolidated debt of $1.5 billion as of September 30, 2025.
• Total cash and cash equivalents of $229.7 million at the end of the third quarter of 2025.
• The declared common share dividend for the quarter ending September 30, 2025, was $0.135 per common share.
• The portfolio comprised 56.4 Million Square Feet as of June 30, 2025.

Also, the team uses presentations to detail value creation, such as the Q3 2025 strategic sale of two vacant development projects totaling 2.1 million square feet for $175 million, representing a 20% premium over gross book value.

LXP Industrial Trust (LXP) - Canvas Business Model: Customer Segments

You're looking at the core of LXP Industrial Trust's business: who they rent their premium industrial space to. Honestly, it's all about quality and scale in their target markets. LXP Industrial Trust focuses on attracting tenants that offer stability, and that starts with financial strength.

The trust targets large, creditworthy corporations. As of their first quarter 2025 reporting, approximately 47% of their tenancy, based on Annual Base Rent (ABR), was rated investment grade. By the third quarter of 2025, that figure was reported at approximately 48% of tenancy being investment grade. This focus on high credit quality is a deliberate strategy to secure long-term, reliable cash flows. The portfolio is built around these strong relationships, which is why you see major national names on their roster.

Here's a look at some of the key tenants and the industries that make up the bulk of LXP Industrial Trust's revenue base as of late 2025:

Tenant/Industry Segment	Metric	Value (as of Q3 2025)
Top 10 Tenants (Combined ABR)	Percentage of ABR	31.6%
Amazon	Percentage of ABR	6.9%
Nissan	Percentage of ABR	4.8%
Black and Decker	Percentage of ABR	3.6%
Walmart	Percentage of ABR	3.3%
Consumer Products	Percentage of ABR	23.6%
Transportation/Logistics	Percentage of ABR	22.1%
E-Commerce	Percentage of ABR	14.1%

The core of the demand LXP Industrial Trust serves comes from logistics, distribution, and e-commerce companies. These sectors are the engine of modern supply chains, and LXP's portfolio is heavily weighted toward them, with Transportation/Logistics and E-Commerce tenants accounting for over a third of the ABR as of Q3 2025. The trust's properties are strategically located in high-growth markets, often near major transportation hubs, which is exactly what these users need for efficient distribution.

Also critical to the customer segment profile is the focus on automotive and advanced manufacturing tenants, driven by the reshoring trend. LXP has positioned its portfolio in 12 target markets that are magnets for this activity. These specific markets have attracted more than $280 billion in announced advanced manufacturing investment. This focus means LXP is actively catering to the new wave of production facilities and their suppliers moving back to the U.S., which is a major tailwind for their development pipeline.

Finally, LXP Industrial Trust's leasing model strongly favors single-tenant users requiring large, modern facilities. The company specializes in single-tenant industrial assets. This model simplifies management and aligns with the need for large, dedicated footprints. To support this, LXP has ensured its physical assets are top-tier; as of late 2025, 92% of their properties were classified as Class A. If you're a large corporation needing a modern, dedicated distribution or manufacturing hub, LXP is definitely talking your language.

LXP Industrial Trust (LXP) - Canvas Business Model: Cost Structure

You're looking at the core outflows for LXP Industrial Trust as of late 2025. For a real estate investment trust, debt servicing and property upkeep are always front and center in the cost structure.

Significant interest expense on the $1.5 billion consolidated debt. LXP Industrial Trust's total consolidated debt stood at $1.5 billion as of September 30, 2025. The weighted-average interest rate on this debt was 3.9% as of that same date. This implies an annual interest cost near $58.5 million based on the period-end debt balance and rate. The company actively managed this cost, for example, by repaying $140.0 million aggregate principal amount of outstanding 6.75% Senior Notes due 2028 via a cash tender offer in Q3 2025, which contributed to interest expense savings. The net debt to Adjusted EBITDA ratio improved to 5.2x at the end of Q3 2025.

General and administrative (G&A) expenses, guided at $39 million to $41 million for 2025. LXP Industrial Trust maintained its full-year 2025 guidance for G&A expenses within the range of $39 million to $41 million. For context, the G&A expense reported for the second quarter of 2025 was approximately $9.6 million. It's important to note that G&A expenses are explicitly excluded when calculating Same-Store Net Operating Income (NOI).

Property operating expenses (reimbursed under net leases). Property operating expenses are a necessary outflow, but for LXP Industrial Trust, a significant portion is reimbursed by tenants under net leases. In the third quarter of 2025, LXP noted that interest and property operating costs totaled approximately $12 million per year, or $0.04 per share, which represented 6% accretion versus adjusted company FFO in that quarter, reflecting the net impact after reimbursements and interest savings.

Capital expenditures for property maintenance and redevelopment. Capital spending is directed toward maintaining the quality of the Class A portfolio and strategic redevelopment. For instance, LXP Industrial Trust began redeveloping a vacated building in Q1 2025 and another in Q3 2025, indicating ongoing cash deployment for property improvements. The GAAP Investment Balance for LXP's share of Total Consolidated Land Projects as of September 30, 2025, was $81,029 thousand, representing costs associated with preparing land for future vertical development, which is a form of capital expenditure.

Here's a quick look at some of the key figures impacting the cost side:

Cost Component	Specific Metric/Value	As of/For Period
Total Consolidated Debt	$1.5 billion	September 30, 2025
Weighted-Average Interest Rate on Debt	3.9%	September 30, 2025
FY 2025 G&A Expense Guidance	$39 million to $41 million	Full Year 2025
Q2 2025 G&A Expense	$9.6 million	Quarter Ended June 30, 2025
Estimated Interest & Property Operating Costs (Combined)	$12 million per year	Q3 2025 Context
LXP Share of Consolidated Land Investment	$81,029 thousand	September 30, 2025

You should track the debt maturity profile closely, as the weighted-average term to maturity on the debt was 4.7 years as of September 30, 2025. Also, remember that the company had 99% of its debt fixed or hedged for 2025-2026, which helps stabilize this major cost component against rate volatility.

• Debt Repayment in Q3 2025: $140.0 million of Senior Notes due 2028.
• Debt Repayment in Q1 2025: $50.0 million of the Term Loan.
• Portfolio Occupancy (Stabilized): 96.8% as of September 30, 2025.
• Net Debt to Adjusted EBITDA: 5.2x as of September 30, 2025.

Finance: draft 13-week cash view by Friday.

LXP Industrial Trust (LXP) - Canvas Business Model: Revenue Streams

You're looking at the core of LXP Industrial Trust's money-making engine, and honestly, it's exactly what you'd expect from a specialized industrial REIT. The primary revenue stream is rental income from long-term, single-tenant leases. This structure is designed for defensive attributes, offering secure, growing cash flow because of the portfolio's relatively long weighted lease profile. For the trailing twelve months (TTM) through mid-2025, this rental component was dominant, coming in at approximately $359.02 million, which represented about 98.9% of the total top line. For instance, year-to-date through the third quarter of 2025, LXP Industrial Trust extended 1.8 million square feet of leases, driving Cash Base Rents up by over 30%.

Here's a quick look at how the revenue broke down for the TTM period ending mid-2025, giving you a clear picture of the concentration:

Revenue Component	Amount (TTM Mid-2025)	Percentage of Total Revenue
Rental Revenue	$359.02 million	98.9%
Other Revenue	$3.99 million	1.1%
Total TTM Revenue (Approximate)	$363 million	100%
Total TTM Revenue (Alternative Source)	$364.34 million	N/A

The second key component involves proceeds from strategic asset sales and capital recycling. LXP Industrial Trust is actively refining its portfolio to focus on high-quality, Class A warehouse and distribution properties in target markets. This means they sell assets that don't fit the long-term strategy. As part of this refinement in 2025, the company was actively marketing about $115 million of non-target market assets for sale. This capital recycling is crucial for funding acquisitions and maintaining balance sheet strength. You saw this play out near the end of 2024, too, when the company completed the sale of two vacant developments at a healthy premium, which contributed to higher revenue that year.

Finally, don't forget the smaller, but still important, stream from tenant reimbursements for property operating expenses. While the core rent is the main driver, these reimbursements add to the cash flow. For example, when looking at leasing activity in 2024, the increase in Cash Base Rents was reported both including and excluding these reimbursements, showing their impact. Furthermore, the growth in Same-Store Net Operating Income (NOI) is fueled by contractual rent escalators built into the leases, which is a predictable, recurring element of the revenue base, separate from base rent increases on extensions. The total TTM 2025 revenue figure you are tracking is approximately $0.36 Billion USD.