Lexington Realty Trust (LXP) Tops Q3 FFO by 1c, Raises Quarterly Dividend By 8.7%

Lexington Realty Trust (NYSE: LXP) reported Q3 FFO of $0.23, $0.01 better than the analyst estimate of $0.22. Revenue for the quarter came in at $84 million versus the consensus estimate of $85.81 million.

Lexington Realty Trust sees FY2011 FFO of $0.91-$0.93, versus prior guidance of $0.90-$0.93 and the consensus of $0.92.

On November 1, 2011, Lexington declared a regular quarterly dividend/distribution for the quarter ended December 31, 2011 of $0.125 per common share/unit, which will be paid on or about January 17, 2012 to common shareholders/unitholders of record as of December 30, 2011. This quarterly dividend of $0.125 per common share/unit represents an 8.7% increase and, subject to the Board of Trustees' authorization, an expected annualized dividend of $0.50 per common share/unit

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