2023-05-03 06:06:12 ET
- Lexington Realty Trust press release ( NYSE: LXP ): Q1 FFO of $0.17 in-line.
- Revenue of $85.1M (+6.0% Y/Y) beats by $3.76M .
- The increase is primarily attributable to revenue from acquisitions and stabilized development projects, which was partially offset by sales.
- Increased Industrial Same-Store NOI to 5.0% in the first quarter compared to the same time period in 2022.
- LXP now estimates that its net income attributable to common shareholders for the year ended December 31, 2023 will be within an expected range of $0.18 to $0.22 per diluted common share.
- LXP reaffirms that its estimated Adjusted Company FFO for the year ended December 31, 2023, will be within an expected range of $0.66 and $0.70 per diluted common share vs $0.69 consensus
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Lexington Realty Trust FFO of $0.17 in-line, revenue of $85.1M beats by $3.76M