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Lexington Realty Trust

DB:LXN
Snowflake Description

Good value with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LXN
DB
$2B
Imp Market Cap
  1. Home
  2. DE
  3. Real Estate
Company description

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 investments in single-tenant net-leased commercial properties across the United States. The last earnings update was 16 days ago. More info.


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LXN Share Price and Events
7 Day Returns
-1.1%
DB:LXN
-1.2%
DE REITs
-3.2%
DE Market
1 Year Returns
11.4%
DB:LXN
-4.3%
DE REITs
-11.6%
DE Market
LXN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lexington Realty Trust (LXN) -1.1% 0.5% -4% 11.4% -2.9% -2.8%
DE REITs -1.2% -0.9% 6.5% -4.3% -1.7% 10.8%
DE Market -3.2% -5.1% 0.3% -11.6% 5.3% 5.9%
1 Year Return vs Industry and Market
  • LXN outperformed the REITs industry which returned -4.3% over the past year.
  • LXN outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
LXN
Industry
5yr Volatility vs Market

LXN Value

 Is Lexington Realty Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Lexington Realty Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Lexington Realty Trust.

DB:LXN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:LXN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.52
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.521 (1 + (1- 21%) (70.24%))
0.873
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.873 * 5.96%)
5.43%

Discounted Cash Flow Calculation for DB:LXN using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Lexington Realty Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Lexington Realty Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

DB:LXN DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 5.43%)
2019 174.11 Analyst x6 165.15
2020 174.40 Analyst x6 156.90
2021 207.10 Analyst x2 176.72
2022 220.14 Est @ 6.29% 178.17
2023 229.99 Est @ 4.47% 176.56
2024 237.35 Est @ 3.2% 172.83
2025 242.83 Est @ 2.31% 167.71
2026 246.92 Est @ 1.68% 161.76
2027 250.00 Est @ 1.25% 155.34
2028 252.36 Est @ 0.94% 148.73
Present value of next 10 years cash flows $1,659.88
DB:LXN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $252.36 × (1 + 0.23%) ÷ (5.43% – 0.23%)
$4,862.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,862.80 ÷ (1 + 5.43%)10
$2,865.97
DB:LXN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,659.88 + $2,865.97
$4,525.85
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,525.85 / 238.42
$18.71
DB:LXN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LXN represents 0.87629x of NYSE:LXP
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87629x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 18.71 x 0.87629
€16.39
Value per share (EUR) From above. €16.39
Current discount Discount to share price of €8.02
= -1 x (€8.02 - €16.39) / €16.39
51.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Lexington Realty Trust is available for.
Intrinsic value
>50%
Share price is €8.02 vs Future cash flow value of €16.39
Current Discount Checks
For Lexington Realty Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Lexington Realty Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Lexington Realty Trust's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lexington Realty Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lexington Realty Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LXN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.12
NYSE:LXP Share Price ** NYSE (2019-05-24) in USD $9.15
Europe REITs Industry PE Ratio Median Figure of 126 Publicly-Listed REITs Companies 12.61x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.22x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lexington Realty Trust.

DB:LXN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:LXP Share Price ÷ EPS (both in USD)

= 9.15 ÷ 1.12

8.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lexington Realty Trust is good value based on earnings compared to the Europe REITs industry average.
  • Lexington Realty Trust is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Lexington Realty Trust's expected growth come at a high price?
Raw Data
DB:LXN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
-69.1%per year
Europe REITs Industry PEG Ratio Median Figure of 62 Publicly-Listed REITs Companies 0.61x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

DB:LXN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.18x ÷ -69.1%

-0.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lexington Realty Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lexington Realty Trust's assets?
Raw Data
DB:LXN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $5.26
NYSE:LXP Share Price * NYSE (2019-05-24) in USD $9.15
Europe REITs Industry PB Ratio Median Figure of 149 Publicly-Listed REITs Companies 1x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:LXN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:LXP Share Price ÷ Book Value per Share (both in USD)

= 9.15 ÷ 5.26

1.74x

* Primary Listing of Lexington Realty Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lexington Realty Trust is overvalued based on assets compared to the Europe REITs industry average.
X
Value checks
We assess Lexington Realty Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Lexington Realty Trust has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LXN Future Performance

 How is Lexington Realty Trust expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-69.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lexington Realty Trust expected to grow at an attractive rate?
  • Lexington Realty Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Lexington Realty Trust's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Lexington Realty Trust's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LXN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LXN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts -69.1%
DB:LXN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts -3.9%
Europe REITs Industry Earnings Growth Rate Market Cap Weighted Average 6%
Europe REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:LXN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LXN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 319 17 1
2020-12-31 315 39 4
2019-12-31 317 52 4
DB:LXN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 374 209 263
2018-12-31 395 218 221
2018-09-30 410 225 226
2018-06-30 408 233 14
2018-03-31 398 227 23
2017-12-31 392 228 79
2017-09-30 385 227 64
2017-06-30 393 224 33
2017-03-31 414 233 82
2016-12-31 429 240 89
2016-09-30 441 244 108
2016-06-30 440 249 127

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lexington Realty Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Lexington Realty Trust's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:LXN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Lexington Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LXN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.10 0.13 0.06 2.00
2020-12-31 0.17 0.20 0.13 3.00
2019-12-31 0.22 0.25 0.21 3.00
DB:LXN Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.12
2018-12-31 0.93
2018-09-30 0.95
2018-06-30 0.06
2018-03-31 0.10
2017-12-31 0.33
2017-09-30 0.27
2017-06-30 0.14
2017-03-31 0.35
2016-12-31 0.38
2016-09-30 0.46
2016-06-30 0.55

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Lexington Realty Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Lexington Realty Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lexington Realty Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LXN Past Performance

  How has Lexington Realty Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lexington Realty Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lexington Realty Trust has delivered over 20% year on year earnings growth in the past 5 years.
  • Lexington Realty Trust's 1-year earnings growth exceeds its 5-year average (1058.8% vs 33.4%)
  • Lexington Realty Trust's earnings growth has exceeded the Europe REITs industry average in the past year (1058.8% vs 7.5%).
Earnings and Revenue History
Lexington Realty Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lexington Realty Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LXN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 373.77 263.20 31.19
2018-12-31 395.34 220.84 31.66
2018-09-30 410.44 226.14 32.50
2018-06-30 408.17 13.87 32.98
2018-03-31 398.36 22.71 33.70
2017-12-31 391.64 79.07 34.16
2017-09-30 384.80 64.22 33.63
2017-06-30 393.09 33.37 33.18
2017-03-31 414.32 81.73 32.79
2016-12-31 429.50 89.11 31.10
2016-09-30 440.80 107.95 29.78
2016-06-30 440.25 127.26 29.01
2016-03-31 433.67 121.06 29.23
2015-12-31 430.84 103.42 29.28
2015-09-30 432.00 72.51 29.75
2015-06-30 433.13 99.38 29.44
2015-03-31 428.12 67.84 28.04
2014-12-31 423.82 36.70 28.26
2014-09-30 400.89 13.65 29.36
2014-06-30 387.37 -2.88 29.29
2014-03-31 374.55 -28.76 29.57
2013-12-31 361.06 -38.97 28.43
2013-09-30 364.36 -25.07 26.67
2013-06-30 355.94 135.92 26.12
2013-03-31 343.45 145.82 25.45
2012-12-31 297.01 156.35 23.69
2012-09-30 321.40 172.35 23.51
2012-06-30 316.60 -13.93 22.78

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Lexington Realty Trust has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Lexington Realty Trust used its assets more efficiently than the DE REITs industry average last year based on Return on Assets.
  • Lexington Realty Trust's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Lexington Realty Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lexington Realty Trust has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LXN Health

 How is Lexington Realty Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lexington Realty Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lexington Realty Trust is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lexington Realty Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Lexington Realty Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lexington Realty Trust Company Filings, last reported 1 month ago.

DB:LXN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,345.33 1,527.31 170.29
2018-12-31 1,346.68 1,492.48 168.83
2018-09-30 1,397.00 1,655.56 129.10
2018-06-30 1,229.30 2,116.89 76.47
2018-03-31 1,274.38 2,002.58 91.53
2017-12-31 1,340.84 2,068.87 108.83
2017-09-30 1,359.50 2,088.87 141.06
2017-06-30 1,396.13 1,827.53 93.88
2017-03-31 1,429.99 1,853.64 177.85
2016-12-31 1,412.49 1,861.68 86.68
2016-09-30 1,416.24 1,884.66 117.79
2016-06-30 1,471.12 2,102.24 59.78
2016-03-31 1,463.55 2,209.16 80.89
2015-12-31 1,462.53 2,184.31 93.25
2015-09-30 1,468.07 2,027.58 86.27
2015-06-30 1,527.09 2,105.48 64.38
2015-03-31 1,506.48 2,145.04 54.82
2014-12-31 1,508.92 2,093.42 192.23
2014-09-30 1,499.98 2,160.75 112.64
2014-06-30 1,486.06 2,170.21 130.00
2014-03-31 1,508.25 2,094.04 49.98
2013-12-31 1,539.48 2,055.81 81.70
2013-09-30 1,454.74 1,819.97 88.48
2013-06-30 1,475.55 1,778.31 78.19
2013-03-31 1,641.55 1,696.79 111.40
2012-12-31 1,333.17 1,884.76 34.02
2012-09-30 1,175.16 2,001.29 72.42
2012-06-30 1,080.53 1,744.20 50.19
  • Lexington Realty Trust's level of debt (113.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (138.9% vs 113.5% today).
  • Debt is not well covered by operating cash flow (13.7%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Lexington Realty Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lexington Realty Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LXN Dividends

 What is Lexington Realty Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.48%
Current annual income from Lexington Realty Trust dividends. Estimated to be 4.67% next year.
If you bought €2,000 of Lexington Realty Trust shares you are expected to receive €90 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lexington Realty Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Lexington Realty Trust's dividend is above the markets top 25% of dividend payers in Germany (3.93%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:LXN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe REITs Industry Average Dividend Yield Market Cap Weighted Average of 119 Stocks 5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:LXN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.52 1.00
2022-12-31 0.47 1.00
2021-12-31 0.44 2.00
2020-12-31 0.42 6.00
2019-12-31 0.41 6.00
DB:LXN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-08 0.410 4.491
2019-03-13 0.410 4.501
2019-02-27 0.410 4.555
2018-12-17 0.710 7.931
2018-09-13 0.710 8.637
2018-06-15 0.710 8.033
2018-03-06 0.710 8.732
2018-01-09 0.710 8.277
2017-11-07 0.710 7.019
2017-09-15 0.700 6.799
2017-06-15 0.700 7.009
2017-03-15 0.700 7.009
2016-12-14 0.700 6.512
2016-09-16 0.700 6.900
2016-06-15 0.680 6.531
2016-03-15 0.680 7.564
2015-12-15 0.680 8.962
2015-09-16 0.680 8.004
2015-06-16 0.680 7.958
2015-03-16 0.680 7.168
2014-12-11 0.680 6.188
2014-09-15 0.680 6.436
2014-06-16 0.680 6.154
2014-03-18 0.660 5.986
2013-10-09 0.660 6.097
2013-09-13 0.600 5.242
2013-06-17 0.600 4.971
2013-03-18 0.600 4.861
2012-12-17 0.600 5.488
2012-09-06 0.600 6.240
2012-06-15 0.500 5.647
2012-03-15 0.500 5.749
2011-11-03 0.500 6.278
2011-09-15 0.460 6.689
2011-06-16 0.460 5.780
2011-03-16 0.460 4.948
2010-11-04 0.460 5.472
2010-09-16 0.400 5.344
2010-06-15 0.400 6.294
2010-03-15 0.400 6.006
2009-11-18 0.400 6.985
2009-09-15 0.720 15.087
2009-06-16 0.720 17.646

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Lexington Realty Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (421.9x coverage).
X
Income/ dividend checks
We assess Lexington Realty Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lexington Realty Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lexington Realty Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LXN Management

 What is the CEO of Lexington Realty Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Will Eglin
COMPENSATION $5,071,152
AGE 53
TENURE AS CEO 16.3 years
CEO Bio

Mr. T. Wilson Eglin, also known as Will, has been the Chief Executive Officer at Lexington Realty Trust since January 2003 and President since April 1996. Mr. Eglin has been the Chairman of the Board at Lexington Realty Trust since March 31, 2019 and has been its Trustee since May 1, 1994. He serves as President of Lex GP-1 Trust at Lepercq Corporate Income Fund L.P. He served as the Chief Operating Officer at Lexington Realty Trust from October 1993 to December 31, 2010. Mr. Eglin served as the Chief Executive Officer, President and Chief Operating Officer at Lexington Strategic Asset Corp. He served as the Chief Executive Officer at LEX-GP-1 Trust, General Partner of The Lexington Master Limited Partnership. Mr. Eglin served as an Executive Vice President at Lexington Realty Trust from October 1993 to April 1996. Mr. Eglin serves as Director of Lex GP-1 Trust. He served as a Director of Lexington Strategic Asset Corp. Mr. Eglin holds a B.A. Degree from Connecticut College in 1986.

CEO Compensation
  • Will's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Will's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Lexington Realty Trust management team in years:

15.3
Average Tenure
48
Average Age
  • The average tenure for the Lexington Realty Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Will Eglin

TITLE
Chairman
COMPENSATION
$5M
AGE
53
TENURE
16.3 yrs

Joseph Bonventre

TITLE
Executive VP
COMPENSATION
$1M
AGE
42
TENURE
15.3 yrs

Pat Carroll

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$2M
AGE
54
TENURE
16.3 yrs

Lara Johnson

TITLE
Executive VP & Executive Officer
COMPENSATION
$1M
AGE
45

Beth Boulerice

TITLE
Executive VP
AGE
53
TENURE
0.2 yrs

Mark Cherone

TITLE
Chief Accounting Officer
AGE
36
TENURE
0.2 yrs

Heather Gentry

TITLE
Senior Vice President of Investor Relations

Natasha Roberts

TITLE
Executive VP & Director of Acquisitions
AGE
51

Brendan Mullinix

TITLE
Executive VP & Executive Officer
AGE
43

Nabil Andrawis

TITLE
Executive VP & Director of Taxation
Board of Directors Tenure

Average tenure and age of the Lexington Realty Trust board of directors in years:

2.3
Average Tenure
55.5
Average Age
  • The average tenure for the Lexington Realty Trust board of directors is less than 3 years, this suggests a new board.
Board of Directors

Will Eglin

TITLE
Chairman
COMPENSATION
$5M
AGE
53
TENURE
0.2 yrs

Richard Frary

TITLE
Lead Trustee
COMPENSATION
$160K
AGE
70
TENURE
2.3 yrs

Claire Koeneman

TITLE
COMPENSATION
$146K
AGE
48
TENURE
3.7 yrs

Lawrence Gray

TITLE
COMPENSATION
$148K
AGE
54
TENURE
3.4 yrs

Howard Roth

TITLE
COMPENSATION
$152K
AGE
61
TENURE
1.5 yrs

Jamie Handwerker

TITLE
COMPENSATION
$141K
AGE
57
TENURE
2.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Mar 19 Sell Vornado Realty L.P. Company 28. Feb 19 28. Feb 19 -18,468,969 €7.97 €-147,255,823
X
Management checks
We assess Lexington Realty Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lexington Realty Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LXN News

Simply Wall St News

LXN Company Info

Description

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 investments in single-tenant net-leased commercial properties across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Details
Name: Lexington Realty Trust
LXN
Exchange: DB
Founded: 1986
$1,939,963,701
$1,911,092,480
238,416,631
Website: http://www.lxp.com
Address: Lexington Realty Trust
One Penn Plaza,
Suite 4015,
New York,
New York, 10119,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE LXP Common Shares New York Stock Exchange US USD 22. Oct 1993
DB LXN Common Shares Deutsche Boerse AG DE EUR 22. Oct 1993
NYSE LXP.PRC PFD CONV SER C New York Stock Exchange US USD 06. Dec 2004
Number of employees
Current staff
Staff numbers
60
Lexington Realty Trust employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 21:29
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.