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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.
Lexington Realty
Lexington Realty
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.