LXP Industrial Trust, founded in 1998 and headquartered in New York, is a real estate investment trust (REIT) focused on acquiring, owning, and managing a portfolio of industrial properties primarily located across the United States. The company specializes in providing quality logistics and distribution facilities, catering to the growing demands of e-commerce and supply chain management.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| LXP 2.38% 2031-10-01 USDLXP Industrial Trust | United States | 2031-10-01 | 2.375 | 4.68 |
| LXP 2.70% 2030-09-15 USDLXP Industrial Trust | United States | 2030-09-15 | 2.700 | 4.54 |
| LXP 6.75% 2028-11-15 USDLXP Industrial Trust | United States | 2028-11-15 | 6.750 | 4.55 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
LXP Industrial Trust entered the bond market in 2015 with the issuance of unsecured notes totaling $300 million, aimed at refinancing existing debt and funding future acquisitions. Notably, their 2020 bond issuance garnered significant investor interest, reflecting a current yield of approximately 3.5%, which is competitive compared to industry averages. Recently, LXP announced plans to enhance its capital structure through strategic bond offerings, underlying its commitment to financial stability and growth in a rapidly changing industrial landscape.