Lexington Realty Trust (LXP) Tops Q4 EPS by 30c

Lexington Realty Trust (NYSE: LXP) reported Q4 EPS of $0.33, $0.30 better than the analyst estimate of $0.03.

• Generated Net Income attributable to common shareholders of $83.6 million, or $0.33 per diluted common share.
• Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $52.4 million, or $0.20 per diluted common share.
• Raised net proceeds of approximately $71.0 million by issuing approximately 6.6 million common shares through the ATM program.
• Disposed of 10 properties for an aggregate gross sale price of $172.7 million.
• Acquired six industrial properties for an aggregate cost of $264.1 million.
• Invested an aggregate of approximately $15.0 million in three new industrial development projects.
• Completed 2.2 million square feet of new leases and lease extensions.
• Declared a quarterly common share/unit dividend/distribution of $0.105 per share/unit, an increase of 2.4%.
• Increased industrial portfolio to 81.5% of gross real estate assets.

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

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