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Lexington Realty Trust Reports Second Quarter 2021 Results

Lexington Realty Trust Reports Second Quarter 2021 Results
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Lexington Realty Trust Reports First Quarter 2021 Results

Lexington Realty Trust Reports First Quarter 2021 Results
NEW YORK, May 07, 2021 (GLOBE NEWSWIRE) Lexington Realty Trust (“Lexington”) (NYSE:LXP), a real estate investment trust focused on single-tenant industrial real estate investments, today announced results for the first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Recorded Net Income attributable to common shareholders of $39.4 million, or $0.14 per diluted common share.
Generated Adjusted Company Funds From Operations available to all equityholders and unitholders – diluted (“Adjusted Company FFO”) of $63.7 million, or $0.22 per diluted common share.
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Completed 1.5 million square feet of new leases and lease extensions, raising industrial renewal Cash Base Rents by 5.4%.
Acquired three industrial properties for an aggregate cost of $50.8 million and completed construction of an industrial property in the Columbus, Ohio market. ....

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