Lexington Realty Trust (LXP) Misses Q4 EPS by 2c

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.

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