Lexington Realty Trust Announces Quarterly Common Share Dividend

Rhea-AI Summary

Lexington Realty Trust (NYSE:LXP) declared a $0.1075 dividend for the quarter ending June 30, 2021, payable on July 15, 2021, to shareholders recorded by June 30, 2021. Additionally, a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock was announced for the same period, payable on August 16, 2021, to shareholders of record as of July 30, 2021. Lexington specializes in single-tenant industrial real estate across the U.S. and aims to grow its portfolio through various investment strategies.

Positive

• Regular dividend of $0.1075 reflects ongoing income for common shareholders.
• Cash dividend of $0.8125 for Series C Preferred Stock indicates financial stability.

Negative

• None.

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

Lexington also declared a cash dividend of $0.8125 per share of Series C Cumulative Convertible Preferred Stock for the quarter ending June 30, 2021, which is payable on or about August 16, 2021, to shareholders of record as of July 30, 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 Q2 2021?

Lexington Realty Trust declared a dividend of $0.1075 for common shares and $0.8125 for Series C Preferred Stock for the quarter ending June 30, 2021.

When is the dividend payment date for Lexington Realty Trust?

The dividend payment date for the common share dividend is July 15, 2021, and for Series C Preferred Stock, it is August 16, 2021.

Who is eligible to receive the dividend from Lexington Realty Trust?

Shareholders of record as of June 30, 2021, for common shares and July 30, 2021, for Series C Preferred Stock are eligible to receive the dividends.

How often does Lexington Realty Trust pay dividends?

Lexington Realty Trust typically pays dividends on a quarterly basis.