LXP Industrial Trust is set to be taken private after Brookfield Asset Management and Canada Pension Plan Investment Board agreed to acquire the company in an all-cash deal that values LXP at $5.2 billion. The agreed price is US$61.20 per share, following a period of strong price action that saw a 1-year total shareholder return of 62.36%. The most followed narrative pegs LXP's fair value at $60.20, just below the last close of $60.81, while a Simply Wall St discounted cash flow model suggests the stock is about 21.5% undervalued with an estimated value of $77.46. Analysts' consensus price target stands at $60.20, based on expectations that by 2029 revenues will reach $401.3 million and earnings will be $14.0 million, implying a PE ratio of 326.0x at a 9.0% discount rate.
Brookfield Asset Management Ltd.Brookfield is acquiring LXP Industrial Trust in a $5.2B all-cash deal, expanding its industrial real estate portfolio.
LXP Industrial Trust