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Dec 31, 2019
Lexington Realty Q4 2019 Earnings Report
Reported fourth quarter 2019 results, highlighting investment activity and portfolio repositioning.
Key Takeaways
Lexington Realty Trust reported strong fourth-quarter results, with investment activity exceeding $700 million and property sales surpassing $620 million. The company is focused on becoming a single-tenant industrial REIT, with industrial exposure representing nearly 82% of gross book value at year-end.
Total gross revenues were $83.0 million.
Net income attributable to common shareholders was $83.6 million, or $0.33 per diluted share.
Adjusted Company FFO was $52.4 million, or $0.20 per diluted share.
Consolidated 2019 acquisition activity totaled $703.8 million.
Forward Guidance
Lexington estimates that its net income attributable to common shareholders per diluted common share for the year ended December 31, 2020 will be within an expected range of $0.95 to $0.98. Lexington estimates that its Adjusted Company FFO for the year ended December 31, 2020 will be within an expected range of $0.74 to $0.77 per diluted common share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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