LXP (LXP Industrial Trust) Scaled Net Operating Assets: 0.88 (As of Mar. 2026)


LXP LXP Industrial Trust LXP
75 GF Score
Price $53.78
GF Value $45.75
Valuation Modestly Overvalued
! 11 Warning Signs
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What is LXP Industrial Trust Scaled Net Operating Assets?

LXP Industrial Trust LXP -0.94% 75 Scaled Net Operating Assets is 0.88 as of Mar. 2026. GuruFocus rates LXP with a GF Score™ of 75/100 and a GF Value™ of $45.75 (Modestly Overvalued). The stock has 11 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LXP Industrial Trust's operating assets for the quarter that ended in Mar. 2026 was $3,336.6 Mil. LXP Industrial Trust's operating liabilities for the quarter that ended in Mar. 2026 was $210.8 Mil. LXP Industrial Trust's Total Assets for the quarter that ended in Dec. 2025 was $3,537.0 Mil. Therefore, LXP Industrial Trust's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.88.


LXP Industrial Trust Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for LXP Industrial Trust's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

LXP Industrial Trust Scaled Net Operating Assets Chart

LXP Industrial Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.93 0.89 0.83 0.82

LXP Industrial Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.89 0.91 0.87 0.85 0.88

LXP vs NSA, SMA, IIPR: Scaled Net Operating Assets Comparison

For the REIT - Industrial subindustry, LXP Industrial Trust's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LXP Industrial Trust Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, LXP Industrial Trust's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where LXP Industrial Trust's Scaled Net Operating Assets falls into.


LXP
75GF Score
LXP Industrial Trust LXP
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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LXP Industrial Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

LXP Industrial Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(3366.628-228.223)/3843.312
=0.82

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3537.022 - 170.394
=3366.628

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1488.644 - 1260.421 - 0
=228.223

LXP Industrial Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(3336.589-210.819)/3537.022
=0.88

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3466.701 - 130.112
=3336.589

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1467.531 - 1256.712 - 0
=210.819

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.88 mean?
LXP Industrial Trust (LXP) has a Scaled Net Operating Assets of 0.88 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on LXP Industrial Trust and its competitors.
Is LXP Industrial Trust's Scaled Net Operating Assets too high?
LXP Industrial Trust's current Scaled Net Operating Assets is 0.88. Overall, LXP Industrial Trust has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LXP Industrial Trust's Scaled Net Operating Assets compare to NSA and SMA?
LXP Industrial Trust's Scaled Net Operating Assets of 0.88 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on LXP Industrial Trust and its competitors. LXP Industrial Trust's current Scaled Net Operating Assets is 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LXP Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, LXP Industrial Trust (LXP) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.75, compared to a current price of $53.78 — trading 17.6% above its estimated fair value. The current Scaled Net Operating Assets is 0.88. LXP Industrial Trust's overall GF Score™ is 75/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For LXP Industrial Trust (LXP), the current Scaled Net Operating Assets is 0.88 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is LXP Industrial Trust (LXP) Overvalued in 2026?

Based on GuruFocus' analysis, LXP Industrial Trust stock appears to be overvalued. The current stock price of $53.78 is trading 17.6% above its estimated GF Value™ of $45.75. GuruFocus considers LXP Industrial Trust to be Modestly Overvalued.

Key valuation signals for LXP:

  • Scaled Net Operating Assets: 0.88
  • GF Value™: $45.75 vs. price of $53.78 (17.6% above fair value)
  • GF Score™: 75/100 with 11 warning signs

No single metric tells the full story. See the LXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


LXP Industrial Trust Business Description

Industry Real EstateREITs
Other Exchanges LXPpC.PFD:USALXN0:Germany
Address 515 North Flagler Drive, Suite 408, West Palm Beach, FL, USA, 33401
LXP Industrial Trust is a real estate investment trust principally involved in the ownership of equity and debt investments in single-tenant properties and land throughout the United States. The majority of the revenue is earned through rental revenue.
75GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$53.78
Price
$45.75
GF Value