Lexington Realty Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

Lexington Realty Trust (NYSE:LXP) declared a quarterly common share/unit dividend of $0.105 per share, payable on or about July 15, 2020, to shareholders of record as of June 30, 2020. Additionally, it announced a cash dividend of $0.8125 per share for its Series C Cumulative Convertible Preferred Stock, payable on or about August 17, 2020, to shareholders of record as of July 31, 2020. Lexington aims to expand its industrial real estate portfolio through various investment strategies.

Positive

• Regular common share/unit dividend of $0.105 indicates consistent income for shareholders.
• Cash dividend of $0.8125 on Series C preferred stock reflects company confidence in maintaining returns.

Negative

• None.

NEW YORK, June 15, 2020 (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 June 30, 2020 of $0.105 per common share/unit payable on or about July 15, 2020 to common shareholders/unitholders of record as of June 30, 2020. 

Lexington also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending June 30, 2020, which is payable on or about August 17, 2020, to shareholders of record as of July 31, 2020.

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 (LXP) for June 2020?

Lexington Realty Trust declared a common share/unit dividend of $0.105 for the quarter ending June 30, 2020.

When will the dividends be paid for Lexington Realty Trust (LXP)?

The common share/unit dividend will be paid on or about July 15, 2020, and the Series C preferred stock dividend on or about August 17, 2020.

What is the record date for the dividends declared by Lexington Realty Trust (LXP)?

The record date for the common share/unit dividend is June 30, 2020, and for the Series C preferred stock dividend is July 31, 2020.