FR vs LXP Stock Comparison

First Industrial Realty Trust and LXP Industrial Trust Prices as of Oct 26, 2026 Peers: Industry group
LXP LXP Industrial Trust
$61.12 +0.4% 1M +28.0% 1Y
Market cap
$3.55B
P/E
61.1x
Revenue (TTM)
$347.70M
Div. yield
–
Industrial REITs Real Estate
3 wins

Head to Head

11 decided of 12

First Industrial Realty Trust leads on 8 of the 12 questions below (First Industrial Realty Trust 8, LXP Industrial Trust 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFRLXPLeader
Larger companyMarket capitalisation $7.32B $3.55B FR
Cheaper on earningsLower P/E, profitable companies only 20.1x 61.1x FR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 20.9x 1,019x FR
Faster revenue growthRevenue growth, trailing twelve months +8.4% -4.2% FR
More profitableNet margin, trailing twelve months 47.9% 16.7% FR
Better return on capitalReturn on invested capital 8.2% 8.3% LXP
Less leveragedLower net debt / EBITDA 2.5x 2.2x LXP
Higher dividend yieldTrailing dividend yield 0.03% 0.00% –
Better 1-year returnPrice return, last 12 months -1.6% +28.0% LXP
Better 5-year returnAnnualised price return, 5 years -0.8%/yr -3.5%/yr FR
Less volatileAnnualised volatility, 1 year 20.1% 20.4% FR
Higher overall scoreMean of the five percentile scores vs peers 71/100 50/100 FR

Percentile Scorecard

FRLXP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisFRLXP
Valuation 20 #116 of 145 32 #99 of 145
Growth 77 #33 of 142 21 #113 of 142
Profitability 92 #12 of 136 76 #33 of 136
Financial Health 89 #16 of 139 91 #13 of 139
Shareholder Returns 75 #34 of 131 30 #92 of 131
Overall 71 50
  • FR ranked among 149 companies in Property REITs
  • LXP ranked among 149 companies in Property REITs

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodFRLXPSPY
1 month -9.9%+0.4% -0.8%
3 months -16.9%+0.7% +3.5%
6 months -11.1%+20.5% +7.0%
Year to date -3.6%+23.3% +12.2%
1 year -1.6%+28.0% +13.0%
3 years +35.9%+56.1% +86.3%
3 years, per year +10.8%+16.0% +23.1%
5 years -4.0%-16.3% +68.6%
5 years, per year -0.8%-3.5% +11.0%
10 years +107.8%+21.1% +258.0%
10 years, per year +7.6%+1.9% +13.6%

Risk

MeasureFRLXPSPY
Volatility, 1Y 20.1%20.4% 12.7%
Downside volatility, 1Y 21.5%22.9% 12.7%
Beta vs S&P 500, 1Y 0.440.30 1.00
Return / volatility, 1Y -0.081.37 1.02
Max drawdown, 5Y -38.9%-55.0% -25.4%
From 52-week high -19.8%0.0% -1.8%
52-week high $68.83$61.12 $779.14
52-week low $54.43$45.48 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleFRLXP
P/E now vs peer median 20.1xmedian 27.4x 61.0xmedian 27.4x
P/S now vs peer median 9.6xmedian 4.2x 10.4xmedian 4.2x
EV/EBITDA now vs peer median 15.5xmedian 14.2x 10.4xmedian 14.2x
P/FCF now vs peer median -91.4xmedian 23.2x -231.5xmedian 23.2x
P/B now vs peer median 2.6xmedian 1.3x 1.8xmedian 1.3x
PEG now vs peer median 4.24median 2.11 -524.16median 2.11

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsFRLXP
Revenue $759.61M $347.70M
Gross profit – $283.40M
Operating income – $243.25M
Net income $381.93M $70.75M
Free cash flow -$80.09M -$15.56M
EPS (diluted) $2.74 $1.00
Cash & equivalents $46.05M $17.99M
Total debt $1.44B $953.51M
Shares (diluted) 132.67M 58.09M
Enterprise value $7.13B $3.00B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricFRLXP
P/E 20.1x 61.0x
P/FCF -91.4x -231.5x
P/Operating cash flow 16.3x 18.8x
P/S 9.6x 10.4x
P/B 2.6x 1.8x
P/Tangible book 2.6x 1.8x
EV/EBITDA 15.5x 10.4x
EV/EBIT 24.0x 18.7x
EV/Revenue 11.5x 13.1x
EV/FCF -108.8x -291.7x
EV/Operating cash flow 19.4x 23.7x
PEG (3Y EPS CAGR) 4.24 -524.16

Growth

14 metrics
MetricFRLXP
Revenue growth (1Y) 8.4% -4.2%
Revenue CAGR (3Y) 9.0% 1.4%
Gross profit growth (1Y) – -5.6%
Gross profit CAGR (3Y) – 0.9%
Operating income growth (1Y) – -6.0%
Operating income CAGR (3Y) – 0.6%
Net income growth (1Y) 35.3% -16.9%
Net income CAGR (3Y) 5.2% 1.7%
EPS growth (1Y) 34.3% -27.6%
EPS CAGR (3Y) 4.7% -0.1%
Operating cash flow growth (1Y) 13.3% -11.7%
Operating cash flow CAGR (3Y) 13.4% 0.0%
Free cash flow growth (1Y) -25.1% 11.7%
Free cash flow CAGR (3Y) 38.7% 25.2%

Profitability

14 metrics
MetricFRLXP
Gross margin – 81.5%
EBITDA margin 74.2% 125.1%
Operating margin – 70.0%
Pretax margin 47.7% 22.3%
Net margin 47.9% 16.7%
FCF margin -10.5% -4.5%
Operating cash flow margin 59.2% 55.1%
Return on equity 13.4% 3.6%
Return on assets 6.6% 2.0%
Return on invested capital 8.2% 8.3%
Return on capital employed – –
Asset turnover 0.1x 0.1x
Cash conversion (OCF / net income) 1.2x 2.7x
Stock comp / revenue – –

Financial Health

11 metrics
MetricFRLXP
Debt / assets 24.9% 27.5%
Debt / equity 0.5x 0.5x
Net debt / EBITDA 2.5x 2.2x
Debt / FCF -18.0x -61.3x
Liabilities / assets 50.4% 43.4%
Equity / assets 49.6% 56.6%
Interest coverage 787.6x 4.3x
Current ratio – –
Quick ratio – –
Cash ratio – –
Altman Z-score – –

Shareholder Returns

7 metrics
MetricFRLXP
Dividend yield 3.5% 3.4%
Net buyback yield – 0.4%
Shareholder yield 3.5% 3.9%
Payout ratio (earnings) 65.2% –
Payout ratio (FCF) -311.1% –
Dividend growth (1Y) 18.3% –
Dividend CAGR (3Y) 15.4% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusFRLXP
Forward P/E 20.9xFY2026 1,019xFY2026
EPS, next fiscal year $2.64FY2026 $0.06FY2026
EPS growth, next FY +41.2%FY2026 -96.7%FY2026
EPS growth, the year after -25.8% +816.7%
Revenue, next fiscal year $812.16MFY2026 $322.52MFY2026
Revenue growth, next FY +11.7%FY2026 -6.8%FY2026
Revenue growth, the year after +9.4% +10.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFRLXP
Held by institutions 100.0% 95.2%
Institutions holding 487 317
Change in shares held, QoQ +5.0% +1.6%
Institutions buying 260 152
Institutions selling 145 114
Buyers to sellers 1.79 1.33

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

FRLXP
FR 1.00 0.56
LXP 0.56 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FR and LXP?

First Industrial Realty Trust (FR) is the largest by market capitalisation: First Industrial Realty Trust (FR) $7.32B, LXP Industrial Trust (LXP) $3.55B.

Which stock is cheaper, FR and LXP?

First Industrial Realty Trust (FR) trades on the lowest price-to-earnings ratio (First Industrial Realty Trust (FR) 20.1x, LXP Industrial Trust (LXP) 61.1x). On next year's consensus earnings, First Industrial Realty Trust (FR) is cheapest (First Industrial Realty Trust (FR) 20.9x, LXP Industrial Trust (LXP) 1,019x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

First Industrial Realty Trust (FR) grew revenue fastest over the trailing twelve months: First Industrial Realty Trust (FR) +8.4%, LXP Industrial Trust (LXP) -4.2%.

Which company is more profitable?

First Industrial Realty Trust (FR) has the highest net margin (First Industrial Realty Trust (FR) 47.9%, LXP Industrial Trust (LXP) 16.7%). On return on invested capital, LXP Industrial Trust (LXP) leads (First Industrial Realty Trust (FR) 8.2%, LXP Industrial Trust (LXP) 8.3%).

Which stock has performed better?

Over the past year LXP Industrial Trust (LXP) returned the most: First Industrial Realty Trust (FR) -1.6%, LXP Industrial Trust (LXP) +28.0%. Over five years, First Industrial Realty Trust (FR) compounded fastest (First Industrial Realty Trust (FR) -0.8%/yr, LXP Industrial Trust (LXP) -3.5%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: First Industrial Realty Trust (FR) 0.03%, LXP Industrial Trust (LXP) 0.00%. LXP Industrial Trust (LXP) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, First Industrial Realty Trust (FR) has been the steadiest (First Industrial Realty Trust (FR) 20.1%, LXP Industrial Trust (LXP) 20.4%). Volatility measures how widely the price swings, not the risk of the business.

Do FR and LXP move together?

Their daily returns over the past year have a correlation of 0.56, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, FR and LXP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, First Industrial Realty Trust (FR) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.