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Jun 30, 2020
Lexington Realty Q2 2020 Earnings Report
Lexington Realty's portfolio remained strong with high occupancy and rent collection, and the company maintained a solid balance sheet.
Key Takeaways
Lexington Realty Trust reported a strong Q2 2020, maintaining high occupancy rates and rent collection. The company's focus on single-tenant industrial assets and strategic balance sheet management contributed to its stability during the COVID-19 pandemic.
Portfolio operations experienced minimal impact from COVID-19, with over 99.5% cash base rent collections in Q2 2020.
Industrial renewal cash base rents were up 22% in Q2 2020.
The company disposed of $67 million in portfolio assets in July.
Over $627 million of total liquidity was available, with $560M in credit facility availability.
Lexington Realty
Lexington Realty
Forward Guidance
Lexington Realty Trust did not provide specific forward guidance in the provided document.