Last $10.90 USD
Change Today -0.02 / -0.18%
Volume 1.3M
LXP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

lexington realty trust (LXP) Snapshot

Open
$10.88
Previous Close
$10.92
Day High
$10.91
Day Low
$10.79
52 Week High
05/22/13 - $13.82
52 Week Low
01/9/14 - $9.94
Market Cap
2.5B
Average Volume 10 Days
2.0M
EPS TTM
$-0.04
Shares Outstanding
229.5M
EX-Date
03/27/14
P/E TM
--
Dividend
$0.66
Dividend Yield
5.78%
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.

47 Employees
Last Reported Date: 02/26/14
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 Enters into Build-to-Suit Arrangement to Acquire Approximately 34 Acres of Land and Construct Four Building, 664,100 Square Foot Campus

On March 28, 2014, Lexington Realty Trust entered into a build-to-suit arrangement to acquire approximately 34 acres of land and construct a four building, 664,100 square foot campus, which will be leased to The Dow Chemical Company in Lake Jackson, Texas (Houston-Sugar Land-Baytown, TX CBSA) for a 20-year term. The campus, to be known as the Texas Innovation Center, will contain an amenities building, a warehouse building and two research and development buildings. The Trust's unreimbursed maximum capital commitment is approximately $166 million. The first year of the lease with The Dow Chemical Company is expected to commence in October 2016 and provide the Trust with an initial cash return of 7.30%. The base rent increases 2% at the end of each year of the lease.

Lexington Realty Trust Announces Executive Changes

Lexington Realty Trust ('Trust')announced that effective March 18, 2014, the board of trustees of Trust increased the size of the board of trustees from six to seven trustees, and elected Richard J. Rouse as a new member of the board of trustees with a term to be until the 2014 Annual Meeting of Shareholders and until his successor, if any, is elected and qualified. Mr. Rouse is a named executive officer of the Trust, serving as Vice Chairman and Chief Investment Officer of the Trust. Mr. Rouse previously served on the Board of Trustees from October 1993 to May 2010.

Lexington Realty Trust Announces Dividend Common and Preferred Shares for the Quarter Ending March 31, 2014

Lexington Realty Trust announced that it declared a regular common share dividend for the quarter ending March 31, 2014 of $0.165 per common share payable on or about April 15, 2014 to common shareholders of record as of March 31, 2014. The trust also announced that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending March 31, 2014. This Series C Preferred Share dividend is payable on or about May 15, 2014, to shareholders of record of Series C Preferred Shares as of April 30, 2014.

 

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LXP

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Valuation LXP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.1x
Price/Book 1.8x
Price/Cash Flow 14.2x
TEV/Sales 0.6x
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