$LXP Industrial Trust (LXP.US)$It leases property and land t...
$LXP Industrial Trust(LXP.US$It leases property and land to single tenants. Revenue has fluctuated and declined over the past 5 years, and operating profit has continued to decline in the past 4 years. Net profit is mainly affected by income from asset sales. However, operating profit is not that important. The average net profit for 5 years was 240 million yuan.
In the first half of 2023, revenue increased by 7.5% and operating profit increased sharply by 41.7%, but net profit shrunk sharply by 94% due to too few asset sales.
Currently, the price-earnings ratio is 25.5, and the price-earnings ratio TTM has reached 46.3. If calculated based on the 5-year average net profit, the price-earnings ratio is 11.8. Overall, it's not very attractive.
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