Lexington Realty Trust (LXP) Tops Q4 FFO by 3c/Share
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Lexington Realty Trust Reports Fourth Quarter 2015 Results
February 23, 2016 7:30 AM ESTNEW YORK, Feb. 23, 2016 (GLOBE NEWSWIRE) -- Lexington Realty Trust (Lexington) (NYSE: LXP), a real estate investment trust focused on single-tenant real estate investments, today announced results for the fourth quarter ended December 31, 2015.
Fourth Quarter 2015 Highlights
Generated Company Funds From Operations (Company FFO) of $69.6 million, or $0.29 per diluted common share.Acquired/completed two build-to-suit properties for an aggregate initial basis of $253.5 million.Invested $45.4 million in on-going build-to-suit projects and commenced funding an office build-to-suit project for $62.4 million.Completed 0.9... More