Lexington Realty Trust (LXP) Prices 16M Share Common Offering for Approx. Gross Proceeds of $195.2M
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Go back to Lexington Realty Trust (LXP) Prices 16M Share Common Offering for Approx. Gross Proceeds of $195.2M
May 10, 2021 4:06 PM EDT
Lexington Realty Trust (NYSE: LXP) 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 the offering. Lexington expects to enter into forward sale agreements with Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association, or their... More
May 7, 2021 6:11 AM EDT
Lexington Realty Trust (NYSE: LXP) reported Q1 EPS of $0.14, $0.10 better than the analyst estimate of $0.04. Revenue for the quarter came in at $92.6 million versus the consensus estimate of $81.67 million.
T. Wilson Eglin, Chairman and Chief Executive Officer of Lexington Realty Trust, commented, Our... More
