Last $10.78 USD
Change Today -0.05 / -0.46%
Volume 1.3M
LXP On Other Exchanges
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Exchange
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As of 8:04 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

lexington realty trust (LXP) Snapshot

Open
$10.83
Previous Close
$10.83
Day High
$11.01
Day Low
$10.71
52 Week High
03/5/14 - $11.81
52 Week Low
10/2/14 - $9.74
Market Cap
2.5B
Average Volume 10 Days
1.6M
EPS TTM
$0.38
Shares Outstanding
234.8M
EX-Date
12/29/14
P/E TM
28.5x
Dividend
$0.68
Dividend Yield
6.26%
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: $600.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $400.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $285.0K
Vice Chairman and Chief Investment Officer
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

lexington realty trust (LXP) Key Developments

Lexington Realty Trust Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year Ending December 31, 2015; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2014

Lexington Realty Trust announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total gross revenues of $107,954,000 against $100,458,000 a year ago. Income from continuing operations was $4,806,000 against loss from continuing operations of $15,187,000 a year ago. Net income attributable to the shareholders was $37,363,000 against net loss of $7,177,000 a year ago. Net income attributable to common shareholders was $35,700,000 against net loss of $8,923,000 a year ago. Diluted income per common share from continuing operations was $0.01 against LPS of $0.08 a year ago. Diluted income per common share was $0.15 against LPS of $0.04 a year ago. Diluted company FFO available to common shareholders and unitholders was $66,262,000 against $65,664,000 a year ago. Diluted FFO was $0.25 per share against $0.21 per share a year ago. Diluted company FFO was $0.27 per share against $0.28 per share a year ago. Diluted FFO available to common shareholders and unitholders was $61,875,000 against $51,160,000 a year ago. Income before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations was $4,588,000 against loss before provision for income taxes, equity in losses of non-consolidated entities and discontinued operations of $15,191,000 a year ago. The increase in revenues is primarily due to property acquisitions. For the year, the company reported total gross revenues of $424,372,000 against $361,910,000 a year ago. Income from continuing operations was $47,842,000 against loss from continuing operations of $21,021,000 a year ago. Net income attributable to the shareholders was $93,104,000 against $1,630,000 a year ago. Net income attributable to common shareholders was $86,324,000 against net loss of $14,089,000 a year ago. Diluted income per common share from continuing operations was $0.17 against LPS of $0.18 a year ago. Diluted income per common share was $0.38 against LPS of $0.07 a year ago. Diluted company FFO available to common shareholders and unitholders was $268,970,000 against $230,112,000 a year ago. Diluted FFO was $1.05 per share against $0.88 per share a year ago. Diluted company FFO was $1.11 per share against $1.02 per share a year ago. Diluted FFO available to common shareholders and unitholders was $254,824,000 against $198,936,000 a year ago. Income before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations was $48,325,000 against loss before provision for income taxes, equity in losses of non-consolidated entities and discontinued operations of $17,687,000 a year ago. The company estimates that its FFO guidance will be an expected range of $1.00 to $1.05 per diluted share for the year ending December 31, 2015. For the quarter, the company reported impairment charges of $2,705,000 against $3,383,000 a year ago.

Lexington Realty Seeks Acquisitions

Lexington Realty Trust (NYSE:LXP) is looking for acquisition. Will Eglin, Chief Executive Officer of Lexington Realty, states, “Our preferred strategy for freeing up capital to put to work in the acquisition pipeline is to utilize cash and disposition proceeds. We have got several multi-tenant buildings that we have now leased up that we can turn into a fair amount of cash during the year so that is what we are focused on right now.”

Lexington Realty Trust to Report Q4, 2014 Results on Feb 19, 2015

Lexington Realty Trust announced that they will report Q4, 2014 results at 11:00 AM, US Eastern Standard Time on Feb 19, 2015

 

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LXP

Industry Average

Valuation LXP Industry Range
Price/Earnings 67.7x
Price/Sales 5.9x
Price/Book 1.8x
Price/Cash Flow 10.3x
TEV/Sales 0.3x
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