Q3 2026 Revenue up 4% year over year to $90.8M · 101¢ of every $1 of revenue kept as net profit · operating margin 101.5%
LXP Industrial Trust made $90.8M in Q3 2026 (+4% Y/Y). Operating margin 101.5%, net earnings $92.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 27, 2026.
Revenue$90.8M
Year over year+4%
Operating margin101.5%
Net earnings$92.1M
Operating cash flow$58.7M
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $90.8M in Q3 2026, up 4% year over year and up 3% from the previous quarter.
Operating profit was $92.2M, a 101.5% margin (up 52.6 points year over year). Of the extra revenue versus Q3 2025, 1279% reached operating profit, above the 49% margin then. Net earnings were $92.1M, up 154% year over year. The effective tax rate was 0.1%.
Operating cash flow was $58.7M (down 8% year over year), 64% of net earnings. Non-cash charges added back $48.2M of depreciation and amortization. Working capital and other items used $81.5M. Capital expenditures of $40.7M left free cash flow of $18.0M.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 2026
10-Q
Oct 27, 2026
$90.8M
+4%
101.5%
$92.1M
$58.7M
Q2 2026
10-Q
Jul 29, 2026
$88.1M
+0.4%
0.2%
−$8K
$48.7M
Q1 2026
10-Q
Apr 29, 2026
$85.9M
-3%
-0.2%
−$291K
$37.5M
Q4 2025
10-K
Feb 12, 2026
$86.7M
-14%
32.6%
$28.8M
$41.9M
Q3 2025
10-Q
Oct 30, 2025
$86.9M
+2%
49.0%
$36.3M
$63.5M
Q2 2025
10-Q
Jul 30, 2025
$87.7M
+2%
32.6%
$29.1M
$44.3M
Q1 2025
10-Q
May 1, 2025
$88.9M
+3%
20.7%
$19.0M
$39.0M
Charts
Latest (Q3 2026): Y/Y +4%, Q/Q +3%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 2026): Net income $92.1M, Operating cash flow $58.7M.-78.2% since FY2020: buybacks shrank the count.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
We are a Maryland real estate investment trust, qualified as a REIT for federal income tax purposes, focused on Class A warehouse and distribution real estate investments in target markets in the Sunbelt and lower Midwest. Class A real estate encompasses attractive and efficient buildings of high quality that are well-designed and constructed with above-average material, workmanship and finishes and are well-maintained and managed. A majority of our properties are subject to net or similar leases, where the tenant bears all or substantially all of the costs, including cost increases, for real estate taxes, utilities, insurance and ordinary repairs. However, certain leases provide that the landlord is responsible for certain operating expenses.
In its own words, from its 10-K, filed Feb 12, 2026.
LXP Industrial Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +11%. Operating margin: 101.5% against the peers' median 20.6%.