Lexington Realty Trust Announces Increase in Quarterly Common Share Dividend
September 16 2016 - 9:21AM
Lexington Realty Trust (NYSE:LXP) (“Lexington”), a real estate
investment trust (REIT) focused on single-tenant real estate
investments, today announced that it declared a regular common
share/unit dividend/distribution for the quarter ending September
30, 2016 of $0.175 per common share/unit payable on or about
October 17, 2016 to common shareholders/unitholders of record as of
September 30, 2016. This represents an increase of
approximately 3% from the previous quarterly per common share/unit
dividend and equates to an annualized increase of $0.02 per common
share/unit and an annualized dividend of $0.70 per common
share/unit, subject to future declarations.
Lexington also announced that it declared a cash
dividend of $0.8125 per share of Series C Cumulative Convertible
Preferred Stock (“Series C Preferred Shares”) for the quarter
ending December 31, 2016. This Series C Preferred Share dividend is
payable on or about February 15, 2017, to shareholders of record of
Series C Preferred Shares as of January 31, 2017.
ABOUT LEXINGTON REALTY TRUST
Lexington Realty Trust (NYSE:LXP) is a publicly
traded real estate investment trust (REIT) that owns a diversified
portfolio of real estate assets consisting primarily of equity and
debt investments in single-tenant net-leased commercial properties
and land across the United States. Lexington seeks to expand its
portfolio through build-to-suit transactions, sale-leaseback
transactions and 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:
Heather Gentry, Senior Vice President of Investor Relations
Lexington Realty Trust
Phone: (212) 692-7200 E-mail: hgentry@lxp.com
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