LXP Industrial Trust (LXP) vs Terreno Realty Corporation (TRNO)

LXP Industrial Trust and Terreno Realty Corporation are both Reit Industrial companies. Terreno Realty Corporation is the larger, with a market value of $7.2B against $3.6B — 2.0× the size. Terreno Realty Corporation trades at the lower P/E: 17.7× against 60.9×. Terreno Realty Corporation grew revenue faster over the last twelve months: 18.1% against −4.21%. Terreno Realty Corporation has the higher net margin (76.9% vs 16.7%) and the higher return on invested capital (2.42% vs 1.39%). Both pay a dividend; LXP Industrial Trust yields more (5.61% vs 2.67%). Across the 22 metrics below, Terreno Realty Corporation leads on 13 and LXP Industrial Trust on 9.

Valuation

Metric LXP TRNO Reit Industrial median
P/E 60.88 17.71 28.30
P/S 10.17 14.00 8.16
P/B 1.89 1.59 1.89
Price to free cash flow 10.30 n/m 21.44
EV/EBITDA 75.48 25.97 17.97
EV/Sales 11.21 15.87 11.71
Earnings yield 1.64% 5.65% 3.38%
Free cash flow yield 9.71% (9.75%) 2.71%

Profitability

Metric LXP TRNO Reit Industrial median
Gross margin 81.51% 76.17% 73.76%
Operating margin 14.85% 41.39% 39.85%
Net margin 16.73% 76.92% 28.04%
Free cash flow margin 98.79% (136.53%) 13.63%
Return on equity 3.01% 9.24% 6.83%
Return on assets 1.62% 7.23% 3.45%
Return on invested capital 1.39% 2.42% 2.92%

Growth

Metric LXP TRNO Reit Industrial median
Revenue growth (TTM) (4.21%) 18.05% 3.86%
EPS growth (last fiscal year) 180.00% 103.65% —
Revenue growth, 5-year CAGR 1.17% 20.58% 13.33%
Net income growth, 5-year CAGR (9.64%) 38.26% 9.91%

Health

Metric LXP TRNO Reit Industrial median
Debt to equity 0.19 0.22 0.84
Current ratio 0.10 0.43 0.78
Net debt to EBITDA 0.70 3.36 4.76

Dividend

Metric LXP TRNO Reit Industrial median
Dividend yield 5.61% 2.67% 3.14%
Payout ratio 2.36 0.87 1.14

Size

Metric LXP TRNO Reit Industrial median
Market cap 3.59b 7.24b 8.24b

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