Lexington Realty Trust Reports Third Quarter 2019 Results and Announces Dividend Increase

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Go back to Lexington Realty Trust Reports Third Quarter 2019 Results and Announces Dividend Increase

Lexington Realty Trust (LXP) Reports Q3 EPS of $0.59, Revenues Beat

November 6, 2019 6:40 AM EST

Lexington Realty Trust (NYSE: LXP) reported Q3 EPS of $0.59, versus $0.90 reported last year. Revenue for the quarter came in at $81.6 million versus the consensus estimate of $79.69 million.

Third Quarter 2019 Highlights

Recorded Net Income attributable to common shareholders of $141.6 million, or $0.59 per diluted common share.Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (Adjusted Company FFO) of $48.7 million, or $0.20 per diluted common share.Acquired three industrial properties for an aggregate cost of $179.8 million.Disposed of six properties for an aggregate gross sales price of $328.6... More