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Last $8.46 USD
Change Today -0.13 / -1.51%
Volume 2.3M
LXP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

lexington realty trust (LXP) Snapshot

Open
$8.66
Previous Close
$8.59
Day High
$8.76
Day Low
$8.44
52 Week High
01/28/15 - $11.75
52 Week Low
06/30/15 - $8.42
Market Cap
2.0B
Average Volume 10 Days
2.4M
EPS TTM
$0.38
Shares Outstanding
235.9M
EX-Date
06/26/15
P/E TM
22.5x
Dividend
$0.68
Dividend Yield
8.04%
Current Stock Chart for LEXINGTON REALTY TRUST (LXP)

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lexington realty trust (LXP) Details

Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. It also provides investment advisory and asset management services to institutional investors in the net lease area. As of June 30, 2005, the company operated 185 properties and managed 2 properties. Lexington Corporate Properties Trust has elected to qualify as a REIT for federal income tax purposes. As a REIT, it would not be taxed on the portion of its income, which is distributed to shareholders, provided it distributes at least 90% of its taxable income. The company was founded in 1991 and is based in New York City.

48 Employees
Last Reported Date: 02/26/15
Founded in 1991

lexington realty trust (LXP) Top Compensated Officers

Chief Executive Officer, President, Trustee a...
Total Annual Compensation: $640.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $410.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $305.0K
Vice Chairman and Chief Investment Officer
Total Annual Compensation: $520.0K
Compensation as of Fiscal Year 2014.

lexington realty trust (LXP) Key Developments

Lexington Realty Trust Announces Quarterly Dividend on Common and Preferred Stock Share for the Quarter Ended June 30, 2015, Payable on or About July 15, 2015 and on or About August 17, 2015, Respectively

Lexington Realty Trust announced that it declared a regular common share/unit dividend/distribution for the quarter ending June 30, 2015 of $0.17 per common share/unit payable on or about July 15, 2015 to common shareholders/unit holders of record as of June 30, 2015. The company also announced that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock (“Series C Preferred Shares”) for the quarter ending June 30, 2015. This Series C Preferred Share dividend is payable on or about August 17, 2015, to shareholders of record of Series C Preferred Shares as of July 31, 2015.

Lexington Realty Trust Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Reports Impairment Charges for the First Quarter Ended March 31, 2015; Provides FFO Guidance for the Year Ending December 31, 2015

Lexington Realty Trust reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported company FFO available to common shareholders and unit holders-diluted of $64.5 million, or $0.26 per common share compared to $66.5 million, or $0.28 per share. Total gross revenues were $108.588 million, compared with total gross revenues of $104.138 million for the quarter ended March 31, 2014. The increase is primarily due to property acquisitions. Net income attributable to common shareholders was $31.8 million, or $0.14 per diluted share, compared with a net loss attributable to common shareholders for the quarter ended March 31, 2014 of $0.8 million, or $0 per diluted share. Income before provision for income taxes, equity in earnings of non-consolidated entities and discontinued was $32,759,000 against $1,964,000 a year ago. Income from continuing operations was $32,684,000, or $0.13 per diluted share, compared to $1,654,000 or $0 per diluted share a year ago. FFO available to common shareholders and unit holders–diluted was $74.383 million against $62.781 million a year ago. For the quarter, the company reported impairment charges of $1,139,000 against $16,400,000 a year ago. The company raised the low end of its company FFO guidance by $0.01 per share to an expected range of $1.01 to $1.05 per diluted share for the year ending December 31, 2015.

Lexington Realty Trust Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 01:15 PM

Lexington Realty Trust Presents at REITWEEK 2015: NAREIT's Investor Forum, Jun-10-2015 01:15 PM. Venue: New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY 10019, United States.

 

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LXP Competitors

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Industry Analysis

LXP

Industry Average

Valuation LXP Industry Range
Price/Earnings 28.8x
Price/Sales 4.6x
Price/Book 1.4x
Price/Cash Flow 7.1x
TEV/Sales NM Not Meaningful
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