Lexington Realty Trust (LXP) Raises Quarterly Dividend 20% to $0.15; Yields 6.1%

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Go back to Lexington Realty Trust (LXP) Raises Quarterly Dividend 20% to $0.15; Yields 6.1%

Lexington Realty Trust (LXP) to Acquire Inland American Joint Venture; Boosts FY12 FFO Outlook

September 6, 2012 4:33 PM EDT

Lexington Realty Trust (NYSE: LXP) has entered into a definitive agreement to acquire, from Inland American (Net Lease) Sub, LLC ("Inland"), Inland's interest in Net Lease Strategic Assets Fund L.P. ("NLS"), an existing joint venture between Inland and Lexington formed in 2007, in a transaction valued at approximately $480.0 million. This transaction expands Lexington's asset base and consolidates... More