Will Eglin, chairman and CEO of LXP Industrial Trust (NYSE: LXP), sat down for a video interview during Nareit’s REITworld: 2025 Annual Conference in Dallas, Dec. 8-11.
Eglin noted that a surge in tenant interest in large logistics facilities “bodes very well for our business.”
When the year began, LXP had a few million-foot buildings that were vacant. One was leased in the second quarter, and two were sold in the third quarter at a large premium to construction costs. “That really drove our occupancy up and our net debt to EBITDA down, which were really important in the context of producing great shareholder return this year and positions us well for earnings growth going forward,” Eglin said.
As for domestic reshoring trends, Eglin pointed out that LXP is already well positioned, given its focus on markets that are attracting manufacturing investment. LXP’s priorities for 2026 include keeping occupancy high, continuing to raise rents, grow earnings, and “look for ways in our development business where we can deploy capital to create premium yield opportunities for shareholders,” Eglin said.