LXP Industrial Trust (LXP) Balance Sheet
LXP balance sheet, 2025
December 31, 2025 · U.S. dollars$3.54B assets = $1.49B liabilities + $2.05B equity
Both columns are drawn to the same scale: what LXP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LXP financial health
Descriptive bands, not a rating. Fiscal 2025.
LXP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.44B2016 | $3.54B2025 | +0.3%/yr | |
| Total liabilities | $2.03B2016 | $1.49B2025 | −3.4%/yr | |
| Shareholders’ equity | $1.41B2016 | $2.04B2025 | +4.2%/yr | |
| Cash & short-term investments | $86.6M2016 | $170.4M2025 | +7.8%/yr | |
| Total debt | $1.91B2016 | $1.37B2025 | −3.7%/yr | |
| Net cash (debt) | −$1.83B2016 | −$1.20B2025 | +$628.7M | |
| Working capital | $106.4M2016 | $255.4M2025 | +$149.1M | |
| Book value per share | $5.942016 | $34.782025 | +21.7%/yr | |
| Debt / equity | 1.362016 | 0.672025 | −0.68 | |
| Shares outstanding | 237.7M2016 | 58.6M2025 | −14.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LXP assets
LXP liabilities and equity
LXP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LXP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $170.4M | $101.8M | $329.4M | $54.4M | $190.9M | $178.8M | $122.7M | $168.8M | $107.8M | $86.6M |
| Cash & equivalents | $170.4M | $101.8M | $199.2M | $54.4M | $190.9M | $178.8M | $122.7M | $168.8M | $107.8M | $86.6M |
| Short-term investments | — | $0 | $130.1M | $58.2M | $74.6M | — | — | $76,000 | $1.1M | $44,000 |
| Receivables | $88.1M | $87.8M | $85.7M | $74.4M | $66.8M | $69.9M | $69.5M | $62.2M | $58.2M | $133.2M |
| Inventory | $0 | $0 | $424.7M | −$16.3M | $340.5M | $266.4M | $2.8M | −$76,000 | −$1.1M | −$44,000 |
| Other current assets | $0 | $237,000 | $0 | $82.9M | $0 | $0 | $3.8M | $72.4M | $8.3M | $55.0M |
| Total current assets | $258.5M | $189.9M | $424.5M | $195.4M | $340.4M | $265.8M | $198.8M | $303.3M | $173.2M | $274.8M |
| Property, plant & equipment (net) | $8.7M | $16.5M | $19.3M | $24.0M | $28.0M | $31.4M | $38.1M | $2.37B | $3.05B | $2.79B |
| Goodwill & intangible assets | $305.8M | $245.7M | $251.2M | $328.6M | $341.4M | $409.3M | $409.8M | $419.6M | $599.1M | $597.3M |
| Long-term investments | $31.4M | $40.0M | $112.0M | $58.2M | $74.6M | $56.5M | $57.2M | $66.2M | $17.5M | $67.1M |
| Other non-current assets | $2.93B | $3.35B | $3.39B | $3.45B | $3.22B | $2.73B | $2.48B | $0 | $0 | $0 |
| Total assets | $3.54B | $3.84B | $4.19B | $4.05B | $4.01B | $3.49B | $3.18B | $2.95B | $3.55B | $3.44B |
| Liabilities | ||||||||||
| Accounts payable | $54.6M | $57.1M | $58.0M | $74.3M | $77.6M | $55.2M | $29.9M | $30.8M | $38.6M | $59.6M |
| Short-term debt | $0 | $5.6M | $51.0M | $1.09B | $45.9M | $41.7M | $71.1M | $53.3M | $160.0M | $54.0M |
| Deferred revenue | $3.0M | $26.7M | $26.9M | $26.7M | $29.2M | $30.6M | $33.9M | $30.2M | $49.8M | $54.6M |
| Total current liabilities | $3.0M | $135.4M | $136.3M | $149.7M | $156.2M | $128.3M | $104.1M | $114.7M | $303.3M | $168.4M |
| Long-term debt | $1.35B | $1.57B | $1.77B | $1.49B | $1.50B | $1.34B | $815.1M | $1.49B | $1.91B | $1.86B |
| Lease obligations | $9.1M | $17.1M | $20.2M | $25.1M | $29.1M | $32.5M | $39.4M | — | — | — |
| Other long-term liabilities | $134.2M | $17.1M | $20.2M | $25.1M | $29.1M | $32.5M | $536.3M | $0 | $0 | $0 |
| Total liabilities | $1.49B | $1.72B | $1.93B | $1.66B | $1.68B | $1.50B | $1.46B | $1.61B | $2.21B | $2.03B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $6,000 | $29,000 | $29,000 | $29,000 | $28,000 | $28,000 | $25,000 | $24,000 | $2.82B | $2.80B |
| Retained earnings (deficit) | −$1.37B | −$1.32B | −$1.20B | −$1.08B | −$1.05B | −$1.30B | −$1.36B | −$1.54B | −$1.59B | −$1.50B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $427,000 | $6.1M | $9.5M | $17.7M | −$6.3M | −$18.0M | −$1.9M | $76,000 | $1.1M | −$1.0M |
| Minority interest | $11.7M | $22.5M | $33.4M | $38.3M | $32.4M | $20.5M | $19.6M | $16.8M | $16.9M | $19.7M |
| Total shareholders' equity | $2.04B | $2.10B | $2.23B | $2.39B | $2.32B | $1.99B | $1.71B | $1.35B | $1.34B | $1.41B |
| Key figures | ||||||||||
| Total debt | $1.37B | $1.46B | $1.66B | $2.57B | $1.54B | $1.38B | $1.22B | $1.55B | $2.07B | $1.91B |
| Net cash (debt) | −$1.20B | −$1.36B | −$1.33B | −$2.52B | −$1.35B | −$1.20B | −$1.10B | −$1.38B | −$1.96B | −$1.83B |
| Working capital | $255.4M | $54.5M | $288.3M | $45.7M | $184.2M | $137.5M | $94.7M | $188.6M | −$130.1M | $106.4M |
| Tangible book value | $1.73B | $1.85B | $1.98B | $2.06B | $1.98B | $1.58B | $1.30B | $927.1M | $741.7M | $815.2M |
| Book value per share | $34.78 | $35.98 | $38.33 | $8.46 | $8.08 | $7.42 | $35.83 | $5.59 | $5.55 | $5.94 |
| Shares outstanding | 58.6M | 58.3M | 58.2M | 282.5M | 287.4M | 268.2M | 47.6M | 240.8M | 241.5M | 237.7M |
| Current ratio | 85.31 | 1.40 | 3.12 | 1.31 | 2.18 | 2.07 | 1.91 | 2.64 | 0.57 | 1.63 |
| Quick ratio | 85.31 | 1.40 | 3.05 | 0.86 | 1.65 | 1.94 | 1.85 | 2.01 | 0.55 | 1.31 |
| Debt / equity | 0.67 | 0.70 | 0.75 | 1.08 | 0.66 | 0.69 | 0.72 | 1.15 | 1.54 | 1.36 |
| Equity / assets | 57.6% | 54.6% | 53.2% | 59.0% | 58.0% | 57.0% | 53.6% | 45.6% | 37.7% | 41.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $18.0M | $130.1M | $170.4M | $229.7M | $71.0M | $70.9M | $101.8M | $55.0M | $48.7M | $293.8M | $329.4M | $35.4M |
| Cash & equivalents | $18.0M | $130.1M | $170.4M | $229.7M | $71.0M | $70.9M | $101.8M | $55.0M | $48.7M | $163.2M | $199.2M | $35.4M |
| Short-term investments | — | — | — | — | — | — | $0 | $0 | $6.1M | $130.6M | $130.1M | $13.8M |
| Receivables | $86.9M | $89.2M | $88.1M | $89.5M | $88.5M | $85.6M | $87.8M | $86.3M | $87.7M | $87.6M | $85.7M | $85.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $141.5M | −$6.1M | −$8.4M | $424.7M | −$13.8M |
| Other current assets | $0 | $168,000 | $0 | $252,000 | $247,000 | $8.3M | $237,000 | $0 | $22.3M | $33.7M | $0 | $25.7M |
| Total current assets | $104.9M | $219.5M | $258.5M | $319.4M | $159.7M | $164.8M | $189.9M | $256.2M | $152.6M | $406.7M | $424.5M | $132.6M |
| Property, plant & equipment (net) | $6.7M | $7.6M | $8.7M | $13.1M | $14.2M | $15.4M | $16.5M | $16.1M | $17.3M | $18.3M | $19.3M | $20.4M |
| Goodwill & intangible assets | $336.9M | $221.7M | $305.8M | $233.4M | $237.7M | $314.4M | $245.7M | $298.8M | $311.0M | $311.0M | $123.2M | $318.5M |
| Long-term investments | $29.2M | $29.3M | $31.4M | $33.4M | $38.4M | $39.3M | $40.0M | $111.1M | $111.8M | $111.1M | $112.0M | $115.2M |
| Other non-current assets | $2.99B | $2.99B | $2.93B | $3.11B | $3.27B | $3.23B | $3.35B | $3.17B | $3.29B | $3.31B | $3.51B | $3.34B |
| Total assets | $3.46B | $3.47B | $3.54B | $3.71B | $3.72B | $3.76B | $3.84B | $3.85B | $3.89B | $4.16B | $4.19B | $3.93B |
| Liabilities | ||||||||||||
| Accounts payable | $61.8M | $38.5M | $54.6M | $53.0M | $53.7M | $46.2M | $57.1M | $60.0M | $63.7M | $61.3M | $58.0M | $57.3M |
| Short-term debt | $2.0M | — | $0 | $0 | $0 | $0 | $5.6M | $0 | −$8.5M | $198.9M | $51.0M | $49.0M |
| Deferred revenue | $2.5M | $17.2M | $3.0M | $21.1M | $19.3M | $23.8M | $26.7M | $25.6M | $22.2M | $26.7M | $26.9M | $25.4M |
| Total current liabilities | $2.5M | $110.7M | $3.0M | $131.1M | $124.9M | $127.0M | $135.4M | $141.0M | $136.4M | $146.5M | $136.3M | $132.8M |
| Long-term debt | $1.25B | $1.25B | $1.35B | $1.49B | $1.49B | $1.52B | $1.57B | $1.57B | $1.44B | $1.64B | $1.64B | $1.48B |
| Lease obligations | $7.0M | $7.9M | $9.1M | $13.6M | $14.7M | $15.9M | $17.1M | $16.8M | $17.9M | $19.0M | $20.2M | $21.3M |
| Other long-term liabilities | $252.9M | $108.0M | $134.2M | $13.6M | $14.7M | $15.9M | $17.1M | $16.8M | $145.8M | $146.8M | $148.0M | $21.3M |
| Total liabilities | $1.50B | $1.47B | $1.49B | $1.64B | $1.63B | $1.66B | $1.72B | $1.73B | $1.73B | $1.94B | $1.93B | $1.63B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6,000 | $6,000 | $6,000 | $30,000 | $30,000 | $30,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 |
| Retained earnings (deficit) | −$1.46B | −$1.41B | −$1.37B | −$1.36B | −$1.35B | −$1.34B | −$1.32B | −$1.31B | −$1.28B | −$1.24B | −$1.20B | −$1.18B |
| Accumulated other comprehensive income | $1.8M | $1.4M | $427,000 | $1.0M | $1.6M | $2.9M | $6.1M | $2.5M | $6.2M | $8.4M | $9.5M | $14.4M |
| Minority interest | $12.6M | $11.7M | $11.7M | $12.2M | $21.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.95B | $1.99B | $2.04B | $2.06B | $2.06B | $2.07B | $2.10B | $2.10B | $2.13B | $2.19B | $2.23B | $2.26B |
| Key figures | ||||||||||||
| Total debt | $1.38B | $1.26B | $1.37B | $1.40B | $1.41B | $1.41B | $1.46B | $1.46B | $1.46B | $1.66B | $1.66B | $1.53B |
| Net cash (debt) | −$1.36B | −$1.13B | −$1.20B | −$1.17B | −$1.34B | −$1.34B | −$1.36B | −$1.40B | −$1.41B | −$1.37B | −$1.33B | −$1.49B |
| Working capital | $102.4M | $108.8M | $255.4M | $188.3M | $34.8M | $37.8M | $54.5M | $115.2M | $16.2M | $260.2M | $288.3M | −$160,000 |
| Tangible book value | $1.61B | $1.77B | $1.73B | $1.83B | $1.83B | $1.76B | $1.85B | $1.80B | $1.82B | $1.88B | $2.11B | $1.94B |
| Book value per share | $33.53 | $34.17 | $34.64 | $35.21 | $35.32 | $35.49 | $35.96 | $36.01 | $36.59 | $37.57 | $7.67 | $7.75 |
| Shares outstanding | 58.1M | 58.2M | 58.8M | 58.5M | 58.4M | 58.5M | 58.3M | 58.3M | 58.3M | 58.3M | 291.2M | 291.3M |
| Current ratio | 42.58 | 1.98 | 85.31 | 2.44 | 1.28 | 1.30 | 1.40 | 1.82 | 1.12 | 2.78 | 3.12 | 1.00 |
| Quick ratio | 42.58 | 1.98 | 85.31 | 2.43 | 1.28 | 1.23 | 1.40 | 1.00 | 1.00 | 2.60 | 3.05 | 0.91 |
| Debt / equity | 0.71 | 0.63 | 0.67 | 0.68 | 0.68 | 0.68 | 0.70 | 0.70 | 0.68 | 0.76 | 0.75 | 0.68 |
| Equity / assets | 56.2% | 57.3% | 57.6% | 55.6% | 55.5% | 55.2% | 54.6% | 54.5% | 54.9% | 52.7% | 53.2% | 57.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 12, 2026); data from EODHD.
LXP financial position
At the end of fiscal 2025 (December 31, 2025), LXP Industrial had total assets of $3.5 billion (down 8.0% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $2.0 billion. It held $170.4 million in cash and short-term investments against $1.4 billion of debt, net debt of $1.2 billion. Its current ratio was 85.31. In the latest quarter (ended June 30, 2026) total assets were $3.5 billion and equity $1.9 billion.
Related: LXP income statement, LXP cash flow statement, LXP key metrics. See the LXP stock overview for the latest quote and news.
LXP balance sheet FAQ
What are LXP Industrial's total assets?
LXP Industrial reported total assets of $3.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.8 billion a year earlier.
How much debt does LXP Industrial have?
LXP Industrial had $1.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.67.
How much cash does LXP Industrial have?
LXP Industrial held $170.4 million in cash and short-term investments at the end of fiscal 2025; with $1.4 billion of debt that is net debt of $1.2 billion.
What is LXP Industrial's book value?
LXP Industrial's shareholders' equity (book value) was $2.0 billion at the end of fiscal 2025, or $34.78 per share.
What is LXP Industrial's current ratio?
LXP Industrial had current assets of $258.5 million and current liabilities of $3.0 million, a current ratio of 85.31 (it can cover its short-term obligations).
How much goodwill does LXP Industrial have?
LXP Industrial carried $305.8 million of goodwill and intangible assets, 8.6% of total assets, at the end of fiscal 2025.