Lexington Realty Trust (LXP) Tops Q1 FFO by 3c

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Lexington Realty Trust Reports First Quarter 2016 Results

May 5, 2016 6:00 AM EDT

NEW YORK, May 05, 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 first quarter ended March 31, 2016.

First Quarter 2016 Highlights

Generated Company Funds From Operations (Company FFO) of $72.1 million, or $0.30 per diluted common share.Disposed of three properties and a non-consolidated investment in an office property for aggregate gross disposition proceeds of $64.9 million.Acquired an industrial property in Detroit, Michigan for $29.7... More