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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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