Lexington Realty Trust (LXP)

NYSEReal EstateReit - IndustrialSnapshot 2026-10-23

$61.10+0.02%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Lexington Realty Trust’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	88.25M
EPS	—	0.055
Annual ending 2026-12-31
Revenue	—	348.17M
EPS	—	0.058
Annual ending 2027-12-31
Revenue	—	369.96M
EPS	—	0.438

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Maintain Adjusted Company FFO guidance near $3.3 per share	It aims to maintain adjusted FFO near $3.3 per share in 2026.	Intact	FFO falls below $3.22 per share in 2026-Q2	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Free cash flow near $3.3 per share	Free cash flow is expected around $3.3 per share, supporting steady income.	Intact	Free cash flow falls below $3.22 per share in 2026-Q2	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Net income recovers to $2.38+ per share	The company raised net income guidance to about $2.4 per share.	Intact	Net income falls below $0.14 per share in 2026-Q2	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Sustain revenue growth near 4% per year	It aims to maintain adjusted FFO near $3.3 per share in 2026.	Improving	Revenue growth falls below 3% YoY next year	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenueUnavailable

$0.37B → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	$370,412,560	2 / 6
2026-07-25	Unavailable	$370,412,560	2 / 6
2026-07-26	Unavailable	$370,412,560	2 / 6
2026-07-27	Unavailable	$369,308,265	2 / 5
2026-07-28	Unavailable	$370,412,560	2 / 6
2026-07-29	Unavailable	$369,308,265	2 / 5
2026-07-30	Unavailable	$370,412,560	2 / 6
2026-07-31	Unavailable	$370,341,060	1 / 6
2026-08-01	Unavailable	$369,308,265	1 / 5
2026-08-02	Unavailable	$370,341,060	2 / 6
2026-08-03	Unavailable	$370,341,060	2 / 6
2026-08-04	Unavailable	$370,341,060	2 / 6
2026-08-05	Unavailable	$369,308,265	1 / 5
2026-08-06	Unavailable	$369,308,265	1 / 5
2026-08-07	Unavailable	$369,308,265	2 / 5
2026-08-08	Unavailable	$371,506,620	3 / 7
2026-08-09	Unavailable	$369,308,265	2 / 5
2026-08-10	Unavailable	$369,308,265	2 / 5
2026-08-12	Unavailable	$371,506,620	3 / 7
2026-08-13	Unavailable	$371,506,620	3 / 7
2026-08-14	Unavailable	$369,308,265	2 / 5
2026-08-15	Unavailable	$369,308,265	2 / 5
2026-08-16	Unavailable	$369,308,265	2 / 5
2026-08-17	Unavailable	$369,308,265	2 / 5
2026-08-18	Unavailable	$369,308,265	2 / 5
2026-08-19	Unavailable	$369,308,265	2 / 5
2026-08-20	Unavailable	$366,310,331	3 / 5
2026-08-21	Unavailable	$366,310,331	3 / 5
2026-08-22	Unavailable	$366,310,331	3 / 5
2026-08-23	Unavailable	$366,310,331	3 / 5
2026-08-24	Unavailable	$366,310,331	3 / 5
2026-08-25	Unavailable	$366,310,331	3 / 5
2026-08-26	Unavailable	$366,310,331	3 / 5
2026-08-27	Unavailable	$366,310,331	3 / 5
2026-08-28	Unavailable	$366,310,331	3 / 5
2026-08-29	Unavailable	$366,310,331	3 / 5
2026-08-30	Unavailable	$366,310,331	3 / 5
2026-08-31	Unavailable	$366,310,331	3 / 5
2026-09-01	Unavailable	$366,310,331	3 / 5
2026-09-02	Unavailable	$366,310,331	2 / 5
2026-09-03	Unavailable	$366,310,331	2 / 5
2026-09-04	Unavailable	$366,310,331	2 / 5
2026-09-05	Unavailable	$366,310,331	2 / 5
2026-09-06	Unavailable	$366,310,331	2 / 5
2026-09-07	Unavailable	$366,310,331	2 / 5
2026-09-08	Unavailable	$366,310,331	2 / 5
2026-09-09	Unavailable	$366,310,331	2 / 5
2026-09-10	Unavailable	$366,310,331	2 / 5
2026-09-11	Unavailable	$366,310,331	2 / 5
2026-09-12	Unavailable	$366,310,331	2 / 5
2026-09-13	Unavailable	$366,310,331	2 / 5
2026-09-14	Unavailable	$366,310,331	2 / 5
2026-09-15	Unavailable	$369,961,108	2 / 5
2026-09-16	Unavailable	$369,961,108	2 / 5
2026-09-17	Unavailable	$369,961,108	3 / 5
2026-09-18	Unavailable	$369,961,108	3 / 5
2026-09-19	Unavailable	$369,961,108	3 / 5
2026-09-20	Unavailable	$369,961,108	3 / 5
2026-09-21	Unavailable	$369,961,108	3 / 5
2026-09-22	Unavailable	$369,961,108	3 / 5
2026-09-23	Unavailable	$369,961,108	3 / 5
2026-09-24	Unavailable	$369,961,108	3 / 5
2026-09-25	Unavailable	$369,961,108	3 / 5
2026-09-26	Unavailable	$369,961,108	3 / 5
2026-09-27	Unavailable	$369,961,108	3 / 5
2026-09-28	Unavailable	$369,961,108	3 / 5
2026-09-29	Unavailable	$369,961,108	3 / 5
2026-09-30	Unavailable	$369,961,108	3 / 5
2026-10-01	Unavailable	$369,961,108	3 / 5
2026-10-02	Unavailable	$369,961,108	3 / 5
2026-10-03	Unavailable	$369,961,108	3 / 5
2026-10-04	Unavailable	$369,961,108	3 / 5
2026-10-05	Unavailable	$369,961,108	3 / 5
2026-10-06	Unavailable	$369,961,108	3 / 5
2026-10-07	Unavailable	$369,961,108	3 / 5
2026-10-08	Unavailable	$369,961,108	3 / 5
2026-10-09	Unavailable	$369,961,108	3 / 5
2026-10-10	Unavailable	$369,961,108	3 / 5
2026-10-11	Unavailable	$369,961,108	3 / 5
2026-10-12	Unavailable	$369,961,108	3 / 5
2026-10-13	Unavailable	$369,961,108	3 / 5
2026-10-14	Unavailable	Unavailable	2 / 4
2026-10-15	Unavailable	Unavailable	2 / 4
2026-10-16	Unavailable	Unavailable	2 / 4
2026-10-17	Unavailable	Unavailable	2 / 4
2026-10-18	Unavailable	Unavailable	2 / 4
2026-10-19	Unavailable	Unavailable	2 / 4
2026-10-20	Unavailable	Unavailable	2 / 4
2026-10-21	Unavailable	Unavailable	2 / 4
2026-10-22	Unavailable	Unavailable	2 / 4
2026-10-23	Unavailable	Unavailable	2 / 4
2026-10-24	Unavailable	Unavailable	2 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	4	3
2026-06-01	4	4
2026-07-01	5	4
2026-08-01	4	5
2026-09-01	3	5
2026-10-01	3	5

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 3 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Maintain Adjusted Company FFO guidance near $3.3 per shareDirect metric needs a verified mapping
Free cash flow near $3.3 per shareDirect metric needs a verified mapping
Net income recovers to $2.38+ per shareDirect metric needs a verified mapping
Sustain revenue growth near 4% per yearDirect metric needs a verified mapping

Next proof point

Oct 29, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.1%Typical daily move · historical

Downside history

-10.7%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Lexington Realty Trust outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

LXP is a real estate growth and execution story, with recent results and leasing activity supporting its multi-year view. The thesis is intact, but the evidence is mixed on management and risk has recently moved from low to moderate.

What's priced into Lexington Realty Trust

LXP is valued at a substantial premium to peers, and the valuation evidence points to expectations of further re-rating, meaning a higher market valuation relative to peers. The expectations gap is sizable, but model confidence is low; the priced-in fragility assessment is also low because expensive valuation is not paired with weak fundamentals and turbulence.

What the fundamentals likely do

Near term, higher 2026 guidance and increased leasing support the business setup: management raised Adjusted Company FFO guidance, and leasing rose between the first and second quarters. However, the sector backdrop is a headwind, and recent litigation and a record of earnings misses are risks to execution and confidence.

What Lexington Realty Trust hinges on

The multi-year view depends on management sustaining or increasing guidance and continuing to execute on leasing and development. Near-term support could come from lower interest rates or stronger results from sector bellwethers, while a reversal and guidance cut would damage management credibility.