LXP - LXP Industrial Trust
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$58.73
DETAILS
HIGH:
$61.20
LOW:
$54.00
MEDIAN:
$61.00
CONSENSUS:
$58.73
DOWNSIDE:
3.75%
AlphaVal
Deterministic, archetype-aware fair value
Real Estate Investment Trust
85% confidence
Primary model: P/FFO × Industrial REIT Multiple
Adjust Assumptions
22.0x
$
Key Value Driver
FFO/share ($5.25) × industrial P/FFO multiple
Implied Market Multiple
11.6x
Plain-Language Summary
At $5.25 FFO/share with a 22x industrial REIT multiple, the base-case value is $115.59 per share. Dividend yield: 3.7%.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (16 analysts)
$58.73
Analyst Range
$54.00 – $61.20
Divergence from AlphaVal
97%
Warnings
Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.
Wall Street's average price target is $58.73 (from 16 analysts). Our estimate is 97% above the consensus -- consider that gap carefully.
Key Risks
- P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
- Interest rate sensitivity: REIT multiples compress when rates rise
- FFO approximation (NI + D&A) may include gains on property sales — verify