Research Analyst

Description:

LXP Industrial Trust (NYSE:LXP) is a publicly traded real estate investment trust (REIT) focused on Class A warehouse and distribution investments in 12 target markets across the Sunbelt and lower Midwest. LXP seeks to expand its warehouse and distribution portfolio through acquisitions, build-to-suit transactions, sale-leaseback transactions, development projects, and other transactions with high growth potential.

Why work for us?

With strong leadership built on decades of experience, our in-depth investment and financial expertise is unmatched. Since becoming a public company in 1993, we have grown our business by acquiring, owning, developing, and operating industrial real estate, primarily in the Sunbelt markets. Our team members have been working side by side for many years and we have established a cohesiveness that keeps our business running smoothly. Our operational efficiency and decades of experience in commercial real estate give us the flexibility to move quickly, enabling us to navigate new business lines and trends successfully. As a resourceful, responsible, and reliable partner, we are dedicated to shared success and take pride in our relationships with all our stakeholders.

While industrial real estate is our business, we wouldn’t be successful without our people. We maintain a supportive work atmosphere that values community and promotes professional and personal growth, work autonomy, and health and wellness.

There is a strong focus on communication, and we welcome an “open door” policy across departments and all levels of our organization. Some of the ongoing initiatives that are important to us include building out our corporate responsibility/sustainability platform and maintaining a an equitable workplace, with established recruiting protocols.

Join our team of talented, hard-working professionals in a collaborative environment that values diversity and inclusion, professional and personal growth, open communication, and a work-life balance.

Our comprehensive benefits package factors in the financial, physical, mental, and overall health and well-being of all our employees.

What are we looking for?

This role is a critical position in the NY Office, splitting time between the Asset Management Department and the Accounting Department, combining corporate credit analysis with an industrial real estate market-focused growth strategy. You will be responsible for evaluating tenant health while simultaneously fueling growth through market research and financial modeling support.

Reports to: Director of Asset Management

Location: New York, New York

Full-time

Responsibilities:

Tenant Credit Analysis & Risk Assessment

• Conduct comprehensive reviews of audited and unaudited financial statements for existing and prospective industrial tenants.
• Calculate, monitor and maintain a database of key credit metrics (e.g., Debt Service Coverage Ratio, Leverage Ratios, Liquidity positions).Assist with modeling risk across the portfolio
• Provide management with credit reports for existing and prospective tenants during lease renewals, new leases or acquisitions.
• Maintain a credit watch list to identify "at-risk" tenants before defaults occur.
• Monitor news reports from and about tenant entities
• Track industry news for major tenant industry classifications

Industrial Real Estate Market Research

• Collect, organize and analyze real estate information on target markets and submarkets in the Sunbelt Markets and lower Midwest Markets
• Regularly meet with research departments of major brokerages
• Travel to markets to gain additional knowledge
• Develop research methodologies to be able to communicate market trends to management
• Closely follow and understand real estate market trends and the impact of news events on specific markets and assets
• Seek out sources of information that provide management with an advantage in the markets

Financial Modeling and Valuation

• Serve as the primary backup for the firm’s ARGUS Enterprise operating property models and corporate financial model, ensuring data integrity and version control.
• Audit cash flow projections and valuation assumptions (Exit Caps, Discount Rates) within Argus.
• Lead the preparation of quarterly fair value analysis used for impairment testing in accordance with GAAP standards.

Requirements:

Qualifications:

• Bachelors degree in Business, Finance, Economics or Accounting
• At least two years of experience in real estate or conducting economic research; investment banking experience a plus
• Self-starter
• Experience in underwriting/evaluating credit risk of non-rated companies; experience with S&P Global Credit Analytics platform a plus
• Strong Excel skills
• Team player, motivated, and results-driven with strong work ethic