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Mar 31, 2020
Lexington Realty Q1 2020 Earnings Report
Reported an increase in Adjusted Company FFO and acquired four industrial properties.
Key Takeaways
Lexington Realty Trust reported first quarter 2020 results, including net income attributable to common shareholders of $16.5 million, or $0.06 per diluted common share, and Adjusted Company Funds From Operations of $49.3 million, or $0.19 per diluted common share. The company acquired four industrial properties for $195.5 million and disposed of two office properties for $29.6 million.
Recorded Net Income attributable to common shareholders of $16.5 million, or $0.06 per diluted common share.
Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $49.3 million, or $0.19 per diluted common share.
Acquired four industrial properties for an aggregate cost of $195.5 million.
Disposed of two office properties for an aggregate gross price of $29.6 million.
Lexington Realty
Lexington Realty
Forward Guidance
Lexington estimates that its net income attributable to common shareholders for the year ended December 31, 2020 will be within an expected range of $0.77 to $0.80 per diluted common share. Additionally, Lexington is reaffirming that its Adjusted Company FFO for the year ended December 31, 2020 is expected to be within a range of $0.74 to $0.77 per diluted common share.