Lexington Realty Trust Reports Second Quarter 2021 Results apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
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.