Lexington Realty Trust (LXP) Misses Q4 EPS by 2c
Get Alerts LXP Hot Sheet
Price: $8.45 -1.05%
Revenue Growth %: -8.1%
Financial Fact:
Gains on sales of properties: 0
Today's EPS Names:
FRSB, DGICA, UXIN, More
Revenue Growth %: -8.1%
Financial Fact:
Gains on sales of properties: 0
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
Lexington Realty Trust (NYSE: LXP) reported Q4 EPS of $0.06, $0.02 worse than the analyst estimate of $0.08.
Fourth Quarter 2016 Highlights
- Generated Net Income attributable to common shareholders of $14.4 million, or $0.06 per diluted common share.
- Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $59.7 million, or $0.24 per diluted common share.
- Acquired two industrial properties for an aggregate cost of $97.5 million and completed three of the four buildings of the Lake Jackson, TX build-to-suit project at an estimated cost of $78.5 million.
- Disposed of nine office properties for $87.1 million.
- Invested $25.4 million in on-going build-to-suit projects.
- Committed to acquire two industrial properties in 2017 for an aggregate cost of $71.7 million.
- Completed 658,000 square feet of new leases and lease extensions with overall portfolio 96.0% leased at quarter end.
For earnings history and earnings-related data on Lexington Realty Trust (LXP) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- COPT Defense Properties (CDP) Reports In-Line Q1 EPS; offers guidance
- L3Harris Technologies (LHX) Tops Q1 EPS by 15c; raises guidance
Create E-mail Alert Related Categories
Earnings, GuidanceRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!