Lexington Realty Trust (LXP) to Offer 16M Common Shares
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Lexington Realty Trust Announces Public Offering of Common Shares
May 10, 2021 4:05 PM EDTNEW YORK, May 10, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE: LXP) (Lexington), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it has commenced an underwritten public offering of 16,000,000 common shares in connection with the forward sale agreements described below. In connection with the offering, Lexington intends to grant the underwriters a 30-day option to purchase up to an additional 2,400,000 common shares to cover over-allotments, if any.
Wells Fargo Securities, J.P. Morgan and KeyBanc Capital Markets are acting as underwriters for... More
