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Lexington Realty Trust

NYSE:LXP
Snowflake Description

Solid track record average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LXP
NYSE
$2B
Imp Market Cap
  1. Home
  2. US
  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 75 days ago. More info.


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LXP Share Price and Events
7 Day Returns
2.9%
NYSE:LXP
1.9%
US REITs
2.8%
US Market
1 Year Returns
-2%
NYSE:LXP
1.8%
US REITs
-5.6%
US Market
LXP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lexington Realty Trust (LXP) 2.9% 10.8% 15.8% -2% 26.2% -15.7%
US REITs 1.9% 4.9% 1.7% 1.8% 10.8% 25.3%
US Market 2.8% 9.6% -3.2% -5.6% 40.1% 41%
1 Year Return vs Industry and Market
  • LXP underperformed the REITs industry which returned 1.8% over the past year.
  • LXP outperformed the Market in United States of America which returned -5.6% over the past year.
Price Volatility
LXP
Industry
5yr Volatility vs Market

LXP 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.

NYSE:LXP 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 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NYSE:LXP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.486 (1 + (1- 21%) (76.59%))
0.779
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 7.27%)
8.55%

Discounted Cash Flow Calculation for NYSE:LXP 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 use analyst's estimates of cash flows going forward 5 years for the 1st 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.

NYSE:LXP DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Adjusted Funds From Operations (AFFO) (USD, Millions) 174.57 172.54 179.28 186.27 193.54
Source Analyst x5 Analyst x4 Est @ 3.9% Est @ 3.9% Est @ 3.9%
Present Value
Discounted (@ 8.55%)
160.83 146.44 140.18 134.18 128.44
Present value of next 5 years cash flows $710.07
NYSE:LXP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $193.54 × (1 + 2.73%) ÷ (8.55% – 2.73%)
$3,418.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $3,418.54 ÷ (1 + 8.55%)5
$2,268.67
NYSE:LXP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $710.07 + $2,268.67
$2,978.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,978.74 / 239.90
$12.42
NYSE:LXP Discount to Share Price
Calculation Result
Value per share (USD) From above. $12.42
Current discount Discount to share price of $9.01
= -1 x ($9.01 - $12.42) / $12.42
27.4%

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
27%
Share price is $9.01 vs Future cash flow value of $12.42
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, but not 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
NYSE:LXP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.95
NYSE:LXP Share Price ** NYSE (2019-01-18) in USD $9.01
United States of America REITs Industry PE Ratio Median Figure of 156 Publicly-Listed REITs Companies 29.3x
United States of America Market PE Ratio Median Figure of 3,025 Publicly-Listed Companies 17.12x

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

** Primary Listing of Lexington Realty Trust.

NYSE:LXP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 9.01 ÷ 0.95

9.47x

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 US REITs industry average.
  • Lexington Realty Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Lexington Realty Trust's expected growth come at a high price?
Raw Data
NYSE:LXP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
-39.5%per year
United States of America REITs Industry PEG Ratio Median Figure of 143 Publicly-Listed REITs Companies 1.25x
United States of America Market PEG Ratio Median Figure of 2,108 Publicly-Listed Companies 1.28x

*Line of best fit is calculated by linear regression .

NYSE:LXP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.47x ÷ -39.5%

-0.24x

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
NYSE:LXP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $5.38
NYSE:LXP Share Price * NYSE (2019-01-18) in USD $9.01
United States of America REITs Industry PB Ratio Median Figure of 192 Publicly-Listed REITs Companies 1.65x
United States of America Market PB Ratio Median Figure of 5,100 Publicly-Listed Companies 1.77x
NYSE:LXP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 9.01 ÷ 5.38

1.67x

* 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 US 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 3/6, 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.

LXP Future Performance

 How is Lexington Realty Trust expected to perform in the next 1 to 3 years based on estimates from 3 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
-39.5%
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 2.7%.
Growth vs Market Checks
  • Lexington Realty Trust's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Lexington Realty Trust's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:LXP Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:LXP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts -39.5%
NYSE:LXP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -14.4%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 0.6%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NYSE:LXP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:LXP 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
2020-12-31 316 107 1
2019-12-31 316 59 3
2018-12-31 394 228 3
NYSE:LXP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2016-12-31 429 235 89
2016-09-30 441 244 108
2016-06-30 440 249 127
2016-03-31 434 246 121
2015-12-31 431 245 103

*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
NYSE:LXP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Lexington Realty Trust Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:LXP 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
2020-12-31 0.70 0.70 0.70 1.00
2019-12-31 0.22 0.26 0.18 2.00
2018-12-31 0.91 0.98 0.87 3.00
NYSE:LXP Past Financials Data
Date (Data in USD Millions) EPS *
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
2016-03-31 0.52
2015-12-31 0.44

*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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.

LXP 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 (252.3% vs 32.8%)
  • Lexington Realty Trust's earnings growth has exceeded the US REITs industry average in the past year (252.3% vs 14%).
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 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:LXP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 410.26 226.25 32.50
2018-06-30 407.99 13.87 32.98
2018-03-31 398.18 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
2012-03-31 313.76 -34.86 22.13

*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.
  • Lexington Realty Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Lexington Realty Trust used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Lexington Realty Trust has improved its use of capital last year versus 3 years ago (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 5/6, 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.

LXP 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 0.4x 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 3 months ago.

NYSE:LXP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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
2012-03-31 1,202.91 1,652.41 50.59
  • Lexington Realty Trust's level of debt (118.5%) 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 (125.2% vs 118.5% today).
  • Debt is not well covered by operating cash flow (13.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x 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.

LXP 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
7.88%
Current annual income from Lexington Realty Trust dividends. Estimated to be 5.21% next year.
If you bought $2,000 of Lexington Realty Trust shares you are expected to receive $158 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 United States of America (1.46%).
  • Lexington Realty Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
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
NYSE:LXP 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 3 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 4.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.6%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NYSE:LXP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.51 1.00
2022-12-31 0.48 1.00
2021-12-31 0.45 1.00
2020-12-31 0.48 4.00
2019-12-31 0.46 5.00
2018-12-31 0.71 5.00
NYSE:LXP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-17 0.710 8.395
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
2009-03-16 0.720 20.445
2009-01-21 0.720 20.907

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 (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (409.8x 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 0.9%) - 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.

LXP 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 $3,254,315
AGE 53
TENURE AS CEO 16 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 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. He has been Trustee of Lexington Realty Trust since May 1994. 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.
  • Will's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

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

15.5
Average Tenure
51
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
President
COMPENSATION
$3M
AGE
53
TENURE
16 yrs

Pat Carroll

TITLE
Executive VP
COMPENSATION
$2M
AGE
54
TENURE
20.7 yrs

Joseph Bonventre

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

Beth Boulerice

TITLE
Executive VP & Chief Accounting Officer
AGE
53
TENURE
8 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

Lara Johnson

TITLE
Executive VP & Executive Officer
AGE
45

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:

3.1
Average Tenure
57
Average Age
  • The tenure for the Lexington Realty Trust board of directors is about average.
Board of Directors

E. Roskind

TITLE
Chairman of the Board
COMPENSATION
$1M
AGE
73
TENURE
10.8 yrs

Will Eglin

TITLE
President
COMPENSATION
$3M
AGE
53
TENURE
24.7 yrs

Richard Frary

TITLE
Lead Trustee
COMPENSATION
$157K
AGE
70
TENURE
2 yrs

Claire Koeneman

TITLE
COMPENSATION
$142K
AGE
48
TENURE
3.3 yrs

Lawrence Gray

TITLE
COMPENSATION
$138K
AGE
54
TENURE
3.1 yrs

Howard Roth

TITLE
COMPENSATION
$66K
AGE
61
TENURE
1.2 yrs

Jamie Handwerker

TITLE
COMPENSATION
$125K
AGE
57
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Mar 18 Buy Richard Frary Individual 11. Sep 13 11. May 15 7,500 $11.14 $80,558
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.

LXP News

External News
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Simply Wall St News

Have Insiders Been Buying Lexington Realty Trust (NYSE:LXP) Shares This Year?

So before you buy or sell Lexington Realty Trust (NYSE:LXP), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Lexington Realty Trust Insider Transactions Over The Last Year.

Simply Wall St -

Do Institutions Own Shares In Lexington Realty Trust (NYSE:LXP)?

Every investor in Lexington Realty Trust (NYSE:LXP) should be aware of the most powerful shareholder groups. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Should You Invest In Lexington Realty Trust (NYSE:LXP)?

Lexington Realty Trust is a US$2.0b. … real estate investment trust (REIT) based in New York, United States. … This term is very common in the REIT investing world as it provides a cleaner look at its cash flow from daily operations by excluding impact of one-off activities or non-cash items such as depreciation

Simply Wall St -

Is Lexington Realty Trust (NYSE:LXP) Overpaying Its CEO?

Will Eglin has been the CEO of Lexington Realty Trust (NYSE:LXP) since 2003. … View our latest analysis for Lexington Realty Trust? … According to our data, Lexington Realty Trust has a market capitalization of US$2.1b, and pays its CEO total annual compensation worth US$3.3m.

Simply Wall St -

Why Lexington Realty Trust (NYSE:LXP) Is An Attractive Investment To Consider

I've been keeping an eye on Lexington Realty Trust (NYSE:LXP) because I'm attracted to its fundamentals. … Looking at the company as a whole, as a potential stock investment, I believe LXP has a lot to offer. … dividend-paying company

Simply Wall St -

Should You Think About Buying Lexington Realty Trust (NYSE:LXP) Now?

Lexington Realty Trust (NYSE:LXP), which is in the reits business, and is based in United States,. … A question to answer is whether Lexington Realty Trust's current trading price of $7.78 reflective of the actual value of the? … Let’s take a look at Lexington Realty Trust’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why Lexington Realty Trust's (NYSE:LXP) ROE Of 1.7% Does Not Tell The Whole Story

To keep the lesson grounded in practicality, we'll use ROE to better understand Lexington Realty Trust (NYSE:LXP). … Our data shows Lexington Realty Trust has a return on equity of 1.7% for the last year. … View our latest analysis for Lexington Realty Trust?

Simply Wall St -

Investing In Property Through Lexington Realty Trust (NYSE:LXP)

Lexington Realty Trust is a US$2.28b. … View our latest analysis for Lexington Realty Trust … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St -

What Did Lexington Realty Trust's (NYSE:LXP) CEO Take Home Last Year?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

Should You Buy Lexington Realty Trust (NYSE:LXP) At US$8.78?

Lexington Realty Trust (NYSE:LXP), a reits company based in United States,. … With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Lexington Realty Trust’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

LXP Company Info

Map
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 portfolio through build-to-suit transactions, sale-leaseback transactions and other transactions, including acquisitions.

Details
Name: Lexington Realty Trust
LXP
Exchange: NYSE
Founded: 1986
$2,161,473,033
$2,128,831,785
239,897,118
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
59
Lexington Realty Trust employees.
Industry
Diversified REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/20 23:40
End of day share price update: 2019/01/18 00:00
Last estimates confirmation: 2019/01/18
Last earnings filing: 2018/11/06
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.