Lexington Realty Trust (LXP) Tops Q1 EPS by 11c, AFFO of $0.23

Lexington Realty Trust (NYSE: LXP) reported Q1 EPS of $0.17, $0.11 better than the analyst estimate of $0.06.

• Generated Net Income attributable to common shareholders of $40.4 million, or $0.17 per diluted common share.
• Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $57.8 million, or $0.23 per diluted common share.
• Acquired two industrial properties for an aggregated cost of $48.3 million and completed the last building of the Lake Jackson, TX build-to-suit project for $70.4 million.
• Invested $17.8 million in on-going build-to-suit projects.
• Sold seven properties for $92.8 million.
• Sold a non-consolidated interest for $6.2 million and collected $8.5 million in full satisfaction of a loan receivable.
• Sold the Kennewick, Washington loan receivable for $80.4 million.
• Completed 207,000 square feet of new leases and lease extensions with overall portfolio 96.2% leased at quarter end.
• Issued 1.6 million common shares at an average gross price of $10.89 per share under its ATM offering program.

For earnings history and earnings-related data on Lexington Realty Trust (LXP) click here.

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