Last $9.84 USD
Change Today +0.05 / 0.51%
Volume 1.9M
LXP On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

lexington realty trust (LXP) Snapshot

Open
$9.81
Previous Close
$9.79
Day High
$9.91
Day Low
$9.76
52 Week High
10/23/13 - $11.98
52 Week Low
10/1/14 - $9.76
Market Cap
2.3B
Average Volume 10 Days
1.9M
EPS TTM
$0.28
Shares Outstanding
231.3M
EX-Date
09/26/14
P/E TM
35.0x
Dividend
$0.68
Dividend Yield
6.81%
Current Stock Chart for LEXINGTON REALTY TRUST (LXP)

Related News

No related news articles were found.

lexington realty trust (LXP) Related Businessweek News

No Related Businessweek News Found

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 Quarterly Dividend on Common and Preferred Stock Share, Payable on or About November 17, 2014

Lexington Realty Trust announced that it declared a regular common share/unit dividend/distribution for the quarter ending September 30, 2014 of $0.17 per common share/unit payable on or about October 15, 2014 to common shareholders/unit holders of record as of September 30, 2014. 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 September 30, 2014. This Series C Preferred Share dividend is payable on or about November 17, 2014, to shareholders of record of Series C Preferred Shares as of October 31, 2014.

Lexington Realty Trust Presents at 3rd Annual Wells Fargo Net Lease REIT Forum, Sep-09-2014

Lexington Realty Trust Presents at 3rd Annual Wells Fargo Net Lease REIT Forum, Sep-09-2014 . Venue: JW Marriott Essex House, 160 Central Park, South, New York, NY 10019, New York, United States.

Lexington Realty Trust Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year 2014; Reports Impairment Charges for the Second Quarter of 2014

Lexington Realty Trust reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total gross revenues of $109,756,000 compared to $94,731,000 a year ago. The increase is primarily due to property acquisitions. Income from continuing operations was $19,446,000 compared to loss from continuing operations of $307,000 a year ago. Net income attributable to common shareholders was $12,742,000 or $0.05 per share compared to net loss attributable to common shareholders of $849,000 or $0.00 per share a year ago. Company FFO, as adjusted was $67,566,000 or $0.28 per basic and diluted share compared to $56,528,000 or $0.25 per basic and diluted share a year ago. Funds from operations, as adjusted, were increased 12% compared to the second quarter of 2013, primarily driven by investment activity and refinancing savings. For the six months period, the company reported total gross revenues of $219,942,000 compared to $186,231,000 a year ago. Income from continuing operations was $22,434,000 compared to loss from continuing operations of $6,346,000 a year ago. Net income attributable to common shareholders was $11,904,000 or $0.05 per share compared to net loss attributable to common shareholders of $8,144,000 or $0.04 per share a year ago. Company FFO, as adjusted was $133,963,000 or $0.56 per basic and diluted share compared to $108,744,000 or $0.50 per basic and diluted share a year ago. The company is revising its expectations for company FFO, as adjusted, to an expected range of $1.08 to $1.11 per diluted share for the year ended December 31, 2014, as compared to prior guidance of $1.11 to $1.15 per diluted share. The company is adjusting its FFO per share guidance by $0.04 per share at the top end of its prior range. This is due to its decision to not pursue a $100 million ground sale leaseback transaction that would have contributed $0.04 per share to GAAP rent and $0.01 per share to cash rent for the year, have it closed at the end of the second quarter. At the midpoint of its revised guidance, FFO per share would grow by about 7% in 2014. For the second quarter of 2014, the company reported impairment charges of $8,382,000 compared to $1,391,000 a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LXP:US $9.84 USD +0.05

LXP Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CubeSmart $18.01 USD +0.03
EPR Properties $50.61 USD -0.07
Hersha Hospitality Trust $6.29 USD -0.08
Pebblebrook Hotel Trust $36.81 USD -0.53
Pennsylvania Real Estate Investment Trust $19.88 USD -0.06
View Industry Companies
 

Industry Analysis

LXP

Industry Average

Valuation LXP Industry Range
Price/Earnings 100.0x
Price/Sales 5.2x
Price/Book 1.6x
Price/Cash Flow 12.3x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LEXINGTON REALTY TRUST, please visit www.lxp.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.