Loading...
•
Dec 31, 2020
Lexington Realty Q4 2020 Earnings Report
Lexington Realty Trust reported strong fourth quarter results, driven by active acquisition and disposition activities and consistent rental collections.
Key Takeaways
Lexington Realty Trust announced strong Q4 2020 results, with increased revenues and net income compared to the same period last year. The company's industrial exposure reached 91% of overall gross real estate assets, and rental collections remained consistent at over 99%.
Total gross revenues increased to $83.3 million, compared to $83.0 million in Q4 2019.
Net income attributable to common shareholders was $102.7 million, or $0.37 per diluted share, compared to $83.6 million, or $0.33 per diluted share in Q4 2019.
Adjusted Company FFO was $55.0 million, or $0.19 per diluted share, compared to $52.4 million, or $0.20 per diluted share in Q4 2019.
Consolidated 2020 acquisition activity totaled $611.8 million, and property disposition volume totaled $432.8 million.
Forward Guidance
Lexington estimates its net income attributable to common shareholders per diluted common share for the year ended December 31, 2021, will be within a range of $0.58 to $0.62. Lexington estimates its Adjusted Company FFO for the year ended December 31, 2021, will be within an expected range of $0.72 to $0.76 per diluted common share.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...