Lexington Realty

LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. It also provides investment advisory and asset management services. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.

Earnings data Q1 2021

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Lexington Realty (LXP) excels in Q4 2022, eyes ESG growth

Lexington Realty (LXP) delivered a strong performance in Q4 2022, driven by robust leasing activity, successful dispositions, and prudent balance sheet management.
The focus on ESG initiatives, strategic development spend, and portfolio optimization underscores a commitment to sustainable growth and value creation.
While facing challenges in asset sales and market dynamics, LXP has opportunities to enhance ESG efforts, explore new growth avenues, and optimize capital deployment for future success.

Lexington Realty (LXP) excels in Q1 with strong leasing and sustainability focus

Lexington Realty (LXP) delivered strong Q1 results with notable leasing achievements and a focus on sustainability. While facing challenges in stabilizing developments and managing debt levels, the company is well-positioned to capitalize on opportunities in leasing and asset management.

Lexington Realty excels in Q2 leasing, eyes asset sales

Lexington Realty delivered a robust performance in Q2 2023, marked by strong leasing results and revenue generation in the industrial sector.
While facing challenges in managing leverage and asset sales, the company remains well-positioned to capitalize on market opportunities and drive growth.
By leveraging strengths in leasing, portfolio diversification, and financial flexibility, Lexington Realty aims to navigate challenges and seize growth opportunities.
Investors can monitor the company's progress in optimizing its portfolio, managing leverage, and capitalizing on market dynamics for potential returns.

Lexington Realty (LXP) reports robust Q3 performance and growth opportunities

Lexington Realty (LXP) demonstrated strong performance in leasing, sales, and financial metrics in Q3 2023.
While facing challenges like softening tenant demand and increased interest expenses, the company is poised for growth.
Opportunities in build-to-suit projects, refinancing, and development strategies offer avenues for future success.

Lexington Realty (LXP) excels in Q4 with robust leasing and strategic growth plans

Lexington Realty (LXP) delivered a solid performance in Q4 2023, driven by leasing success and strategic financial decisions. The company's focus on growth through development projects and market opportunities positions it well for continued success in 2024 and beyond.

Lexington Realty (LXP) reports strong Q1 results and eyes growth opportunities

Lexington Realty's Q1 performance reflects a solid operational foundation and growth prospects.
While facing challenges such as slow market dynamics, the company benefits from strong tenant relationships and financial stability.
Opportunities lie in development projects, stable market conditions, and strategic financial management.

Lexington Realty (LXP) excels in Q2 with robust leasing activity and strategic growth initiatives

Lexington Realty's Q2 performance reflects a strong leasing market and strategic focus on growth and efficiency. The company's emphasis on reducing leverage, exploring asset sales, and optimizing rents positions it well for future success amidst market challenges and opportunities.

Lexington Realty (LXP) reports robust Q3 performance and growth strategies

Lexington Realty's Q3 performance reflects strong leasing outcomes and strategic asset management decisions, positioning the company for continued growth.
While challenges such as noncore asset management and market fluctuations exist, opportunities in lease-up activities and market optimization offer avenues for future success.
Investors can be optimistic about Lexington Realty's proactive approach to portfolio management and its commitment to maximizing value for shareholders.

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LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant warehouse and distribution properties. Its properties are located in Ohio, Indiana, South Carolina, Georgia, and Arizona. The company was founded by E. Robert Roskind in October 1993 and is headquartered in New York, NY.

NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its fourth quarter 2020 financial results the morning of Thursday, February 18, 2021. Lexington will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results. Participants may access the call and webcast by the following:

Lexington Realty Trust to Report Fourth Quarter 2020 Results and Host Conference Call on February 18, 2021

NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (“Lexington”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced its final 2020 dividend income allocations for both its common and preferred shares as they will be reported on Form 1099-DIV. Additionally, the return of capital on the common shares (Nondividend Distributions in the table below) was reported on Internal Revenue Service Form 8937 pursuant to U.S. tax basis reporting as required under Internal Revenue Code 6045B. A copy of the Internal Revenue Service Form 8937 was posted to Lexington's web site (www.lxp.com) on January 15, 2021.

Lexington Realty Trust Final Dividend Allocation for 2020

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Lexington Realty Trust has made great progress in recent years in its transition to an industrial-focused REIT. Its strategy of focusing on both Tier-1 and Tier-2 markets enables it to grow opportunistically at attractive cap rates.

Lexington Realty Trust: Transition Is Underappreciated, Shares Are A Buy

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it sold its interest in the Lake Jackson, Texas office property leased to Dow Chemical for $192 million, including the assumption by the buyer of the first mortgage loan secured by the property, which had an unpaid principal balance of $179 million. In connection with the sale, Lexington anticipates it will recognize a $57 million gain on the sale.

Lexington Realty Trust Announces Sale Of Dow Chemical Office Property

Lexington Realty Trust (LXP) CEO Will Eglin on Q3 2020 Results - Earnings Call Transcript

Lexington Realty (LXP) delivered FFO and revenue surprises of 0.00% and 4.34%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Lexington Realty (LXP) Q3 FFO Meet Estimates

NEW YORK, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced results for the third quarter ended September 30, 2020.

Lexington Realty Trust Reports Third Quarter 2020 Results and Announces Dividend Increase

NEW YORK, Oct. 12, 2020 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its third quarter 2020 financial results the morning of Thursday, November 5, 2020. Lexington will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results. Participants may access the call and webcast by the following:

Lexington Realty Trust to Report Third Quarter 2020 Financial Results and Host Conference Call on November 5, 2020

NEW YORK, Sept.  14, 2020  (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE: LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced the expiration and final results of its previously announced cash tender offers (the “Tender Offers”) to purchase up to $300.0 million combined aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 4.25% Senior Notes due 2023 (the “2023 Notes”) and 4.40% Senior Notes due 2024 (the “2024 Notes,” and together with the 2023 Notes, the “Notes”). The Tender Offers expired at 11:59 p.m., New York City time, at the end of the day on September 11, 2020 (the “Expiration Time”).

Lexington Realty Trust Announces Expiration and Final Results of Cash Tender Offers for up to $300.0 Million Combined Aggregate Principal Amount of its 4.25% Senior Notes due 2023 and 4.40% Senior Notes due 2024

NEW YORK, Aug.  28, 2020  (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE: LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced the early tender results for its previously announced cash tender offers (the “Tender Offers”) to purchase up to $300.0 million combined aggregate principal amount (the “Maximum Tender Amount”) of its outstanding 4.25% Senior Notes due 2023 (the “2023 Notes”) and 4.40% Senior Notes due 2024 (the “2024 Notes,” and together with the 2023 Notes, the “Notes”) and its election, with respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time (as defined below), to make payment for such Notes on August 31, 2020 (the “Early Settlement Date”), the second business day following the Early Tender Time.

Lexington Realty Trust Announces Early Tender Results of Cash Tender Offers for Up to $300.0 Million Combined Aggregate Principal Amount of Its 4.25% Senior Notes Due 2023 and 4.40% Senior Notes Due 2024

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Lexington Realty (LXP) to boost liquidity and address near-term debt maturities with a senior unsecured notes offering.

Lexington Realty Prices $400M of Senior Notes at 99.233%

NEW YORK, Aug. 14, 2020 /PRNewswire/ -- Lexington Realty Trust (NYSE: LXP) ("Lexington"), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it is commencing cash tender offers (the "Tender Offers") to purchase up to.

Lexington Realty Trust Announces Commencement Of Cash Tender Offers For Up To $300.0 Million Of Its 4.25% Senior Notes Due 2023 And 4.40% Senior Notes Due 2024

Lexington Realty Trust (LXP) CEO Wil Eglin on Q2 2020 Results - Earnings Call Transcript

Lexington Realty (LXP) delivered FFO and revenue surprises of 0.00% and 3.19%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Lexington Realty (LXP) Q2 FFO Meet Estimates

Collected 99.5% of Second Quarter Cash Base Rents and    Increased Industrial Renewal Cash Base Rents by 21.6%

Lexington Realty Trust Reports Second Quarter 2020 Results

NEW YORK, July  16, 2020  (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its second quarter 2020 financial results the morning of Thursday, August 6, 2020. Lexington will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results.  Participants may access the call and webcast by the following:

Lexington Realty Trust to Report Second Quarter 2020 Financial Results and Host Conference Call on August 6, 2020

Lexington Realty Trust: Resilient

NEW YORK, June  03, 2020  (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it in connection with Lexington’s underwritten public offering of common shares the underwriters have exercised in full their option to purchase an additional 2,250,000 common shares.  The issuance of the additional 2,250,000 common shares closed on June 3, 2020.  The full exercise of the option to purchase the additional shares brings the total number of shares sold in the offering to 17,250,000.  Aggregate net proceeds to Lexington from the offering, after deducting offering expenses, were approximately $164.3 million.

Lexington Realty Trust Announces Full Exercise of Option by Underwriters and Closing of Public Offering of Common Shares

NEW YORK, May  26, 2020  (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that Joe Bonventre has been appointed as Lexington’s Chief Operating Officer, in addition to continuing his roles as Executive Vice President, General Counsel and Secretary, and Brendan Mullinix has been appointed as Lexington’s Chief Investment Officer, in addition to continuing his role as Executive Vice President. 

Lexington Realty Trust Announces Appointment of Joe Bonventre as Chief Operating Officer and Brendan Mullinix as Chief Investment Officer

Lexington Realty (LXP) delivered FFO and revenue surprises of 0.00% and 1.20%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Lexington Realty (LXP) Q1 FFO Meet Estimates

Lexington Realty Trust (LXP) CEO Wil Eglin on Q1 2020 Results - Earnings Call Transcript

Although Lexington Realty (LXP) has received some rent relief request, the company seems well-poised to sail with focus on warehouse and distribution industrial properties and diversified tenant base.

Lexington Realty Issues Business Update Amid Coronavirus Crisis

NEW YORK, April  14, 2020  (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, provided an update on its business in light of the market volatility related to the global COVID-19 pandemic.  Lexington efficiently executed its business continuity plan and quickly transitioned to a work-from-home arrangement for all employees.  Lexington’s executive management team remains healthy and continues to manage operations.

News for Lexington Realty Stock (LXP)