Last $10.94 USD
Change Today -0.14 / -1.26%
Volume 1.4M
LXP On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

lexington realty trust (LXP) Snapshot

Open
$11.00
Previous Close
$11.08
Day High
$11.07
Day Low
$10.94
52 Week High
08/5/13 - $12.70
52 Week Low
01/9/14 - $9.94
Market Cap
2.5B
Average Volume 10 Days
984.1K
EPS TTM
$0.20
Shares Outstanding
230.3M
EX-Date
06/26/14
P/E TM
54.2x
Dividend
$0.68
Dividend Yield
5.94%
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 Announces Increased Quarterly Common Share Dividend for the Quarter Ending June 30, 2014, Payable on or About July 15, 2014 and Dividend on Series C Cumulative Convertible Preferred Stock for the Quarter Ending June 30, 2014, Payable on or About August 15, 2014

Lexington Realty Trust announced that it declared a regular common share/unit dividend/distribution for the quarter ending June 30, 2014 of $0.17 per common share/unit payable on or about July 15, 2014 to common shareholders/unitholders of record as of June 30, 2014. The dividend/distribution equates to an annualized dividend level of $0.68 per common share/unit. The company also announced that it declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending June 30, 2014. This Series C Preferred Share dividend is payable on or about August 15, 2014, to shareholders of record of Series C Preferred Shares as of July 31, 2014.

Lexington Realty Trust Declares Dividend on its Preferred Stock Payable on May 15, 2014

Lexington Realty Trust declared a regular quarterly common share/unit dividend/distribution for the quarter ended March 31, 2014 of $0.165 per common share/unit, which was paid on April 15, 2014 to common shareholders/unitholders of record as of March 31, 2014, and a dividend of $0.8125 per share on its Series C Cumulative Convertible Preferred Stock, which will be paid on May 15, 2014 to Series C Preferred Shareholders of record as of April 30, 2014.

Lexington Realty Trust Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Impairment Charges for the First Quarter of 2014; Reaffirms Earnings Guidance for the Year Ending December 31, 2014

Lexington Realty Trust reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total gross revenues of $112,199,000 against $92,679,000 for the same period in the last year. The increase is primarily due to property acquisitions. Income before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations was $4,206,000 against loss before provision for income taxes, equity in earnings of non-consolidated entities and discontinued operations of $5,896,000 for the same period in the last year. Income from continuing operations was $3,897,000 against loss from continuing operations of $6,158,000 for the same period in the last year. Net income attributable to the company shareholders was $886,000 against net loss attributable to the company shareholders of $2,620,000 for the same period in the last year. Income from continuing operations was $0.01 per diluted share against loss from continuing operations of $0.06 per diluted share for the same period in the last year. Reported Company FFO was $62,781,000 or $0.26 per diluted share against $51,382,000 or $0.25 per diluted share for the same period in the last year. Company FFO, as adjusted was $66,397,000 or $0.28 per diluted share against $51,948,000 or $0.25 per diluted share for the same period in the last year. The company reported impairment charges of $16,400,000 for the first quarter of 2014 against $2,413,000 for the same period in the last year. The company affirmed its estimate that its Company FFO, as adjusted, guidance will be an expected range of $1.11 to $1.15 per diluted share for the year ending December 31, 2014. This guidance is forward looking, excludes the impact of certain items and is based on current expectations.

 

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LXP

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Valuation LXP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 6.0x
Price/Book 1.8x
Price/Cash Flow 14.3x
TEV/Sales 0.7x
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