Lexington Realty Trust Announces Quarterly Common Share Dividend
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Rhea-AI Summary
Lexington Realty Trust (NYSE:LXP) declared a $0.1075 dividend per common share for Q1 2021, payable on April 15, 2021, to shareholders on record as of March 31, 2021. Additionally, a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock will be distributed on May 17, 2021, to shareholders of record by April 30, 2021. The company focuses on single-tenant industrial real estate investments and aims to expand its portfolio through various transactions.
Positive
- Declared a regular common share dividend of $0.1075 per common share for Q1 2021.
- Announced cash dividend of $0.8125 per share of Series C Preferred Stock, indicating strong cash flow.
Negative
- None.
Details
News Market Reaction – LXP
The recorded move for LXP in the trading session of this news was +2.62%.
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NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it declared a regular common share/unit dividend/distribution for the quarter ending March 31, 2021 of
Lexington also declared a cash dividend of
ABOUT LEXINGTON REALTY TRUST
Lexington Realty Trust (NYSE: LXP) is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and other transactions, including acquisitions. For more information or to follow Lexington on social media, visit www.lxp.com.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under Lexington's control which may cause actual results, performance or achievements of Lexington to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, (1) the discretion of Lexington’s Board of Trustees with respect to the authorization of future dividend declarations and (2) those factors and risks detailed in Lexington's periodic filings with the Securities and Exchange Commission. Except as required by law, Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events.
Contact:
Investor or Media Inquiries for Lexington Realty Trust:
Beth Boulerice, Chief Financial Officer
Lexington Realty Trust
Phone: (212) 692-7200 E-mail: bboulerice@lxp.com
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