Lexington Realty Trust Final Dividend Allocation for 2020

Rhea-AI Summary

Lexington Realty Trust (LXP) announced its final 2020 dividend income allocations for common and preferred shares. The dividend distributions per common share totaled $0.105 for Q4 2019 and repeated through Q3 2020, contributing to a consistent dividend income stream. Preferred shares received a distribution of $0.8125 on January 31, April 30, July 31, and October 30, 2020. Tax reporting requirements were fulfilled with details provided on Form 1099-DIV and Form 8937, accessible on Lexington's website.

Positive

• Regular dividend payments maintained at $0.105 per common share for four quarters, benefiting shareholder income.
• Preferred shares received consistent distributions at $0.8125, indicating stable cash flow.

Negative

• None.

NEW YORK, Jan. 22, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (“Lexington”) (NYSE: LXP), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced its final 2020 dividend income allocations for both its common and preferred shares as they will be reported on Form 1099-DIV. Additionally, the return of capital on the common shares (Nondividend Distributions in the table below) was reported on Internal Revenue Service Form 8937 pursuant to U.S. tax basis reporting as required under Internal Revenue Code 6045B. A copy of the Internal Revenue Service Form 8937 was posted to Lexington’s web site (www.lxp.com) on January 15, 2021.

Common Shares
Record Date	Payable Date	Total Distributions Per Share		Total Ordinary Dividends		Qualified Dividends(1)		Total Capital Gain Distributions		Unrecaptured Section 1250 Gain		Nondividend Distributions(2)	Section 199A Dividends(1)
12/31/2019	01/15/2020	$0.1050		$0.100485		$0.000630		$0.00		$0		$0.004515	$0.099855
03/31/2020	04/15/2020	$0.1050		$0.100485		$0.000630		$0.00		$0		$0.004515	$0.099855
06/30/2020	07/15/2020	$0.1050		$0.100485		$0.000630		$0.00		$0		$0.004515	$0.099855
09/30/2020	10/15/2020	$0.1050		$0.100485		$0.000630		$0.00		$0		$0.004515	$0.099855
Form 1099 - Div Box				1a		1b		2a		2b		3	5

Series C Cumulative Convertible Preferred Stock
Record Date	Payable Date	Total Distributions Per Share		Total Ordinary Dividends		Qualified Dividends (1)		Total Capital Gain Distributions		Unrecaptured Section 1250 Gain		Nondividend Distributions (2)	Section 199A Dividends(1)
01/31/2020	02/18/2020	$0.812500		$0.812500		$0.005070		$0.00		$0		$0	$0.807430
04/30/2020	05/15/2020	$0.812500		$0.812500		$0.005070		$0.00		$0		$0	$0.807430
07/31/2020	08/17/2020	$0.812500		$0.812500		$0.005070		$0.00		$0		$0	$0.807430
10/30/2020	11/16/2020	$0.812500		$0.812500		$0.005070		$0.00		$0		$0	$0.807430
Form 1099 - Div Box				1a		1b		2a		2b		3	5

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(1)   Qualified Dividends (Box 1b) and Section 199A Dividends (Box 5) are a subset of, and are included in, the Total Ordinary Dividends reported in Box 1a.
(2)   Return of Capital.

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. 

Contact:
Investor or Media Inquiries for Lexington Realty Trust:
Heather Gentry, Senior Vice President of Investor Relations
Lexington Realty Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com

FAQ

What is the dividend amount for Lexington Realty Trust (LXP) in 2020?

In 2020, Lexington Realty Trust paid a dividend of $0.105 per common share and $0.8125 per preferred share.

When are the dividend payments for LXP scheduled?

The common shares had quarterly payments on January 15, April 15, July 15, and October 15, 2020, while preferred shares were paid on February 18, May 15, August 17, and November 16, 2020.

How does Lexington Realty Trust report dividends for tax purposes?

Lexington Realty Trust reports dividend income allocations on Form 1099-DIV and outlines capital returns on Form 8937 for tax compliance.

Are the dividends from LXP considered qualified dividends?

Yes, a portion of the dividends is classified as qualified dividends, impacting tax implications for shareholders.