11 Best REIT Stocks To Buy Under $10

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1. LXP Industrial Trust (NYSE:LXP)

Share Price as of October 26: $9.42

Number of Hedge Fund Holders: 24

LXP Industrial Trust (NYSE:LXP) is an active acquirer, owner, developer, and operator of premium industrial real estate in key US logistics markets with high growth potential. While LXP became a public company in 1993, it has grown over the years and has built an unmatched in-depth investment and financial expertise.

LXP boasts a high-quality portfolio of primarily Class A, single-tenant assets. The firm’s focus on single-tenant, warehouse/distribution properties with strong income and growth characteristics and attractive net lease qualities presents it with a desirable combination of income and growth. Additionally, strong tenant relationships drive high occupancy and tenant retention rates. LXP is pursuing a multi-channel industrial growth strategy which includes development, acquisitions, sale/leaseback transactions, and build-to-suits.

LXP Industrial Trust (NYSE:LXP) recorded a good second quarter as it completed new leases and lease extensions totaling 2.7 million square feet and achieved same-store NOI growth of 5% year-over-year. Net income attributable to common shareholders was $3.8 million. The REIT also invested an aggregate of $34.7 million in development activities.

With decades of experience in commercial real estate and a leading industrial portfolio, LXP Industrial Trust (NYSE:LXP) is a promising real estate investment trust. The firm’s target industrial markets experience strong growth characteristics, demographic trends, and user demand.

While we acknowledge the potential of LXP as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a deeply undervalued AI stock that is more promising than LXP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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