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Sep 30, 2020
Lexington Realty Q3 2020 Earnings Report
Reported strong results driven by near-complete cash base rent collection and increased leased percentage.
Key Takeaways
Lexington Realty Trust announced strong third-quarter results, with nearly 100% cash base rent collection and an increase in the percentage leased to 98.9%. The company added $429.8 million of high-quality industrial assets to its portfolio and increased the annualized common share dividend by 2.4% to $0.43 per common share.
Collected nearly 100% of Cash Base Rent during the third quarter.
Increased the percentage leased to 98.9%.
Added $429.8 million of high-quality industrial assets to the portfolio year-to-date.
Increased annualized common share dividend by 2.4% to $0.43 per common share.
Lexington Realty
Lexington Realty
Forward Guidance
Lexington estimates net income attributable to common shareholders for the year ended December 31, 2020, will be within an expected range of $0.62 to $0.64 per diluted common share and affirms its Adjusted Company FFO guidance for the year ended December 31, 2020, to be within a range of $0.74 to $0.76 per diluted common share.