2024-03-11 08:30:00 ET
Summary
- LXP Industrial is an undervalued REIT with strong operating fundamentals and has transformed its portfolio to full industrial.
- The company has a diverse portfolio of Class A, single-tenant properties in secondary markets, attracting premier tenants.
- LXP has demonstrated fundamental growth, with positive Same-Store NOI growth and a 100% occupancy rate, and recently raised its dividend.
It pays to be patient and have a basket of stocks that can stand the test of time, particularly one that pays you income to hold on to it. That’s why I maintain significant exposure to dividend stocks in an environment when the market is chasing growth at all costs....
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LXP Industrial: Dividends Raised, Transformation Complete