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| | Market Value ($M) | 860.02 | | Stock Quote |
$ 6.43 | | Change |
$ 0.07 
1.1 % | | Volume | 757,527 | | |
As of July 30, 2010
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Lexington Realty Trust Fact Sheet
Lexington Realty Trust is a real estate investment trust that invests in, owns and manages commercial properties net leased to major corporations throughout the United States. In addition, we provide investment advisory and asset management services to investors in the net lease area. Under a net lease, all property operating expenses, such as insurance, real estate taxes, utilities, maintenance and repairs are generally paid by our tenants. Accordingly, our cash flows during the lease term are highly predictable. We encourage investors to view Lexington as an investment which provides an attractive risk-adjusted total return, a significant portion of which is likely to come from quarterly dividends. Lexington currently pays a dividend of $0.40 per share. Our portfolio is well-diversified by property type geographic location, lease term and tenant industry concentration.
Strategy
We implement our business strategies with our primary goal in mind: to provide our shareholders with an attractive and secure dividend. Lexington generates rental revenue and cash available for distribution by acquiring, owning, investing in, and managing properties in which a corporate tenant has made a long-term commitment through a net lease.
We grow our portfolio primarily by executing two basic strategies: buying properties and leasing them back to the sellers under net leases, or by acquiring properties already subject to net leases. Through its acquisitions, Lexington provides funds to corporations seeking to raise capital through the sale of their real estate holdings, and to developers who are engaged in “build-to-suit” projects for corporate users.
Portfolio diversification is central to our investment strategy as we seek to create and maintain an asset base that provides steady growth while being insulated against rising property operating expenses, regional recessions, industry specific downturns and fluctuations in property values and market rent levels. Regardless of capital market and economic conditions, we stay focused on enhancing operating results, improving portfolio quality, mitigating risks relating to interest rates and the real estate cycle, and implementing strategies where our management skills and real estate expertise can add value. Our goal is to provide shareholders with consistent growth and returns throughout any business cycle.
History
Lexington Realty Trust and its predecessor companies have been in the business of investing in single-tenant net-lease properties since 1973. Our predecessor companies sponsored tax-oriented partnerships before we changed our focus in 1986 to forming investment programs that would provide for current income.
Two of these programs, Lepercq Corporate Income Fund L.P. and Lepercq Corporate Income Fund II L.P. were combined when Lexington Corporate Properties Trust was formed in October, 1993. Since our common shares were listed on the New York Stock Exchange our market capitalization and assets under management have grown more than twenty times.
Today, we are fully-integrated self-administered real estate investment trust with a multi-billion dollar nationwide portfolio. For more than three decades our company has been a market leader in net lease investing. Our business experience and knowledge – in the key areas of acquisitions, capital markets, finance, credit analysis, leasing, asset management and dispositions – are the foundation for our future success.
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