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Lexington Realty Trust Buys $302M Manhattan Land Portfolio
Wednesday, October 9, 2013 - 3:47pm | 212Lexington Realty Trust ("Lexington") (NYSE: LXP), a real estate investment trust focused on single-tenant real estate investments, announced today that it acquired a portfolio of three parcels of land in New York, New York consisting of an aggregate of 0.6 acres, which are net leased to tenants...
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Lexington Realty Trust Declares $0.15 Dividend
Thursday, December 13, 2012 - 4:35pm | 128Lexington Realty Trust (NYSE: LXP) ("Lexington") today announced that it declared a regular common share dividend for the quarter ending December 31, 2012 of $0.15 per common share payable on or about January 15, 2013 to common shareholders of record on December 31, 2012. Lexington also declared...
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Lexington Realty Trust Announces 15M Share Sale
Tuesday, October 9, 2012 - 3:03pm | 69Lexington Realty Trust (NYSE: LXP) ("Lexington"), a self-managed and self-diversified real estate investment trust focused on single-tenant real estate investments, today announced that it has commenced an underwritten registered public offering of 15,000,000 common shares. In connection with the...
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Lexington Acquires Net Lease Strategic Assets Fund for $480M
Thursday, September 6, 2012 - 3:32pm | 127Lexington Realty Trust (NYSE: LXP), a real estate investment trust focused on single-tenant real estate investments, announced today that it has entered into a definitive agreement to acquire, from Inland American (Net Lease) Sub, LLC ("Inland"), Inland's interest in Net Lease Strategic Assets Fund...
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Lexington Realty Trust Sells Multi-Tenant Property in Long Beach, California for $69M
Tuesday, June 5, 2012 - 7:34am | 70Lexington Realty Trust ("Lexington") (NYSE: LXP), a real estate investment trust (REIT), announced today that one of its joint venture subsidiaries closed on the disposition of an unleveraged multi-tenant property located at 1500 Hughes Way, Long Beach, California for gross proceeds of $69.0...
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Lexington Realty Trust Announces Joint Venture Investment in Humble, Texas
Monday, May 7, 2012 - 4:55pm | 135Lexington Realty Trust (NYSE: LXP), a real estate investment trust, announced Monday that a joint venture with an 85% equity partner closed on the acquisition of an inpatient rehabilitation hospital in Humble, Texas for $27.8 million. The hospital contains approximately 55,650 square feet and is...
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Lexington Realty Trust to Redeem All Outstanding Shares of Its 8.05% Series B Cumulative Redeemable Preferred Stock
Monday, April 30, 2012 - 3:19pm | 126Lexington Realty Trust (NYSE: LXP) today announced that it intends to redeem all of the outstanding 2,740,874 shares of its 8.05% Series B Cumulative Redeemable Preferred Stock on May 31, 2012 . Shares of 8.05% Series B Cumulative Redeemable Preferred Stock will be redeemed at a redemption price...
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Lexington Realty Trust Acquires Industrial Property for $23M
Tuesday, April 24, 2012 - 3:20pm | 120Lexington Realty Trust (NYSE: LXP), a real estate investment trust (REIT), announced today that one of its subsidiaries closed on the acquisition of an industrial property for $23.0 million. The property is a 152.25-acre parcel abutting a Union Pacific Railroad Line in Missouri City, Texas (Houston...
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Lexington Realty Trust Announces $215.0 Million Secured Term Loan
Tuesday, January 17, 2012 - 4:21pm | 194Lexington Realty Trust (NYSE: LXP) announced that it procured a $215.0 million term loan from Wells Fargo Bank, National Association, as agent. The term loan is secured by ownership interest pledges by certain subsidiaries that collectively own a borrowing base of properties. The term loan...
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Lexington Realty Trust Announces Repurchase Option Notification for 5.45% Exchangeable Guaranteed Notes
Friday, December 16, 2011 - 8:31am | 99Lexington Realty Trust (NYSE: LXP) today announced that it is notifying holders of its outstanding 5.45% Exchangeable Guaranteed Notes due 2027 that, pursuant to the terms of the Notes and the indenture governing the Notes, they have the option to require Lexington to purchase, on January 20, 2012...
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Morgan Keegan Reiterates Outperform on Lexington Realty Trust
Tuesday, September 20, 2011 - 7:04am | 71Morgan Keegan is out with its report today on Lexington Realty Trust (NYSE: LXP), reiterating Outperform. In its report, Morgan Keegan writes, "We reiterate our Outperform rating on LXP. Valuation remains attractive, and we look for significant (8-10%) annual dividend increases over the next...
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UPDATE: J.P. Morgan Lowers Price Target On Kilroy Realty To $41
Wednesday, August 31, 2011 - 7:47am | 81According to J.P. Morgan, Kilroy Realty (NYSE: KRC) price target is lowered to $41. J.P. Morgan said that it is publishing its updated KRC model and lowering the 2011 FFO/share estimate by $0.06 to $2.22 and lowering its 2012 FFO/share estimate a penny to $2.49. “We continue to rate shares of KRC...
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JP Morgan Lowers PT On Kilroy Realty To $41
Wednesday, August 31, 2011 - 6:20am | 27JP Morgan has lowered the price target on Kilroy Realty (NYSE: KRC) from $42 to $41 and maintains its Overweight rating.
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BioMed Realty Announces Repurchase at Option of Holders and Redemption of 4.50% Exchangeable Senior Notes Due 2026
Wednesday, August 31, 2011 - 6:01am | 134BioMed Realty Trust, Inc. (NYSE: BMR) announced today that holders of the 4.50% Exchangeable Senior Notes due 2026 of its operating partnership, BioMed Realty, L.P., which are fully and unconditionally guaranteed by the Company, have the right to surrender their Notes for purchase by the Operating...
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Benzinga's Top ETF Gainers, August 29th (TNA, FAS, SOXL, DRN)
Monday, August 29, 2011 - 7:02pm | 226Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA) spiked 14.32% on Monday, and it closed at $48.55. This was the second trading session in a row that TNA closed higher. Direxion Daily Financial Bull 3X Shares(ETF) (NYSE: FAS) gained 11.79% as Bank of America Corp (NYSE: BAC) jumped 8.12%,...