Lexington Realty Trust (LXP) Tops Q4 EPS by 6c; AFFO of $0.26

Lexington Realty Trust (NYSE: LXP) reported Q4 EPS of $0.12, $0.06 better than the analyst estimate of $0.06. The company posted adjusted FFO of $0.26.

• Generated Net Income attributable to common shareholders of $29.2 million, or $0.12 per diluted common share.
• Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $63.1 million, or $0.26 per diluted common share.
• Acquired four industrial properties for an aggregate cost of $140.0 million.
• Formed a joint venture which acquired a 151-acre parcel of developable land to pursue industrial build-to-suit opportunities.
• Disposed of eight properties for an aggregate of $47.9 million.
• Completed one million square feet of new leases and lease extensions with portfolio 98.9% leased at quarter end.
• Collected $49.1 million in full satisfaction of a loan to a joint venture.
• Financed an office property generating initial gross proceeds of $45.4 million.
• Repaid $40.0 million on the revolving credit facility and retired an aggregate of $18.4 million of secured debt.
• Increased the quarterly common share/unit dividend/distribution to $0.1775 per common share/unit.

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

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