Lexington Realty Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

Lexington Realty Trust (NYSE:LXP) announced a quarterly common share dividend of $0.1075 per share, payable on or about October 15, 2021, to shareholders of record as of September 30, 2021. Additionally, a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock will be paid on or about November 15, 2021, to shareholders of record as of October 29, 2021. Lexington focuses on single-tenant industrial real estate investments across the U.S.

Positive

• Regular dividend of $0.1075 per common share enhances shareholder income.
• Preferred stock dividend of $0.8125 shows commitment to maintaining distributions.

Negative

• None.

NEW YORK, Sept. 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 September 30, 2021 of $0.1075 per common share/unit payable on or about October 15, 2021 to common shareholders/unitholders of record as of September 30, 2021.

Lexington also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending September 30, 2021, which is payable on or about November 15, 2021, to shareholders of record as of October 29, 2021.

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

FAQ

What is the dividend amount declared by Lexington Realty Trust for Q3 2021?

Lexington Realty Trust declared a dividend of $0.1075 per common share for the quarter ending September 30, 2021.

When will the common share dividend be paid to shareholders?

The common share dividend will be payable on or about October 15, 2021.

What is the dividend amount for Series C Cumulative Convertible Preferred Stock?

The cash dividend for Series C Cumulative Convertible Preferred Stock is $0.8125 per share.

When is the payment date for the preferred stock dividend?

The preferred stock dividend is payable on or about November 15, 2021.