Lexington Realty Trust (LXP) Tops Q1 EPS by 10c, Revenues Beat

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Lexington Realty Trust (LXP) Prices 16M Share Common Offering for Approx. Gross Proceeds of $195.2M

May 11, 2021 7:30 AM EDT

Lexington Realty Trust (NYSE: LXP) today announced that it has priced its underwritten public offering of 16,000,000 common shares for expected gross proceeds of approximately $195.2 million, before applicable expenses and before giving effect to the underwriters option, if exercised, all of which are being offered in connection with the forward sale agreements described below. As part of the offering, Lexington has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 common shares.

Wells Fargo Securities, J.P. Morgan and KeyBanc Capital Markets are acting as underwriters for the offering.... More