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Last $8.15 USD
Change Today -0.04 / -0.49%
Volume 1.5M
LXP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

lexington realty trust (LXP) Snapshot

Open
$8.24
Previous Close
$8.19
Day High
$8.28
Day Low
$8.11
52 Week High
01/28/15 - $11.75
52 Week Low
08/25/15 - $7.89
Market Cap
1.9B
Average Volume 10 Days
1.5M
EPS TTM
$0.47
Shares Outstanding
236.3M
EX-Date
06/26/15
P/E TM
17.2x
Dividend
$0.68
Dividend Yield
8.34%
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 Declares Dividend on Series C Cumulative Convertible Preferred Stock Payable on August 17, 2015

Lexington Realty Trust declared a dividend of $0.8125 per share on its Series C Cumulative Convertible Preferred Stock which will be paid on August 17, 2015 to Series C Preferred Shareholders of record as of July 31, 2015.

Lexington Realty Trust Reports Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

Lexington Realty Trust reported consolidated unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total gross revenues were $102.440 million, compared with total gross revenues of $97.564 million a year ago. Net income attributable to common shareholders was $47.654 million, or $0.20 per diluted share, compared to $12.742 million, or $0.05 per diluted share a year ago. Income before benefit for income taxes, equity in earnings of non-consolidated entities and discontinued was $49,854,000 against income before provision for income taxes, equity in loss of non-consolidated entities and discontinued of $19,177,000 a year ago. Income from continuing operations was $50,212,000, or $0.20 per diluted share, compared to $18,684,000 or $0.07 per diluted share a year ago. FFO available to common shareholders and unit holders–diluted was $71.028 million or $0.29 per diluted share against $62.135 million or $0.26 per diluted share a year ago. For the six months, the company’s total gross revenues were $202.456 million, compared with total gross revenues of $193.929 million a year ago. Net income attributable to common shareholders was $79.500 million, or $0.34 per diluted share, compared to $11.904 million, or $0.05 per diluted share a year ago. Income before provision for income taxes, equity in earnings of non-consolidated entities and discontinued was $82,613,000 against income before provision for income taxes, equity in earnings of non-consolidated entities and discontinued of $21,140,000 a year ago. Income from continuing operations was $82,896,000, or $0.33 per diluted share, compared to $20,338,000 or $0.07 per diluted share a year ago. FFO available to common shareholders and unit holders–diluted was $145.411 million or $0.60 per diluted share against $124.916 million or $0.52 per diluted share a year ago. The company is raising its company FFO guidance by $0.01 per share to an expected range of $1.02 to $1.06 per diluted share for the year ending December 31, 2015.

Lexington Realty May Sell Assets

Lexington Realty Trust (NYSE:LXP) said, "Our acquisition strategy will continue to focus on properties subject to long-term leases where, one, total rents receivable under the lease generally exceed our purchase price which provides a high degree of downside protection, two, the opportunity to use positive leverage to enhance cash on cash returns, and three, a long period of time to optimize our exit strategy to achieve the highest possible return. About 90% of our revenue comes from office and industrial properties and land subject to net leases. These asset classes will continue to be our main investment focus and the balance of our holdings in retail and multi-tenant properties will shrink over time as these assets are sold off. From time to time the company may invest in other asset types but will generally seek joint venture partners for these non-core investments or plan to sell them well in advance of lease expiration."

 

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LXP Competitors

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Company Last Change
Cousins Properties Inc $9.40 USD +0.05
EastGroup Properties Inc $54.94 USD -0.08
EPR Properties $52.10 USD -0.21
Hersha Hospitality Trust $24.94 USD +0.15
Pennsylvania Real Estate Investment Trust $20.17 USD -0.16
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Industry Analysis

LXP

Industry Average

Valuation LXP Industry Range
Price/Earnings 19.3x
Price/Sales 4.4x
Price/Book 1.4x
Price/Cash Flow 6.0x
TEV/Sales NM Not Meaningful
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