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LXP Lexington Realty Trust

Lexington Realty Trust is a publicly traded real estate investment trust (REIT) focused on single-tenant industrial real estate investments across the United States. Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and other transactions, including acquisitions.

Company profile

Ticker
LXP, LXP+C
Exchange
Website
CEO
T. Wilson Eglin
Employees
Incorporated
Location
Fiscal year end
Former names
LEXINGTON CORPORATE PROPERTIES INC, LEXINGTON CORPORATE PROPERTIES TRUST
SEC CIK
IRS number
133717318

LXP stock data

(
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Calendar

7 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 170.18M 170.18M 170.18M 170.18M 170.18M 170.18M
Cash burn (monthly) 3.08M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 11.97M n/a n/a n/a n/a n/a
Cash remaining 158.2M n/a n/a n/a n/a n/a
Runway (months of cash) 51.3 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Frary Richard Common Shares Grant Aquire A No No 12.17 2,054 25K 106,827.498
1 Jul 21 Gray Lawrence L Common Shares Grant Aquire A No No 12.17 2,054 25K 2,054
1 Jul 21 Koeneman Claire A Common Shares Grant Aquire A No No 12.17 2,054 25K 74,720.27
1 Jul 21 Handwerker Jamie Common Shares Grant Aquire A No No 12.17 2,054 25K 57,392
1 Jul 21 Roth Howard Stewart Common Shares Grant Aquire A No No 12.17 2,054 25K 44,262

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

94.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 264 255 +3.5%
Opened positions 39 37 +5.4%
Closed positions 30 34 -11.8%
Increased positions 90 86 +4.7%
Reduced positions 90 87 +3.4%
13F shares
Current Prev Q Change
Total value 2.91B 2.78B +4.8%
Total shares 262.19M 261.8M +0.1%
Total puts 0 0
Total calls 15.4K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 52.77M $586.33M +3.3%
Vanguard 45.29M $503.14M +2.3%
FMR 38.51M $427.8M +14.9%
STT State Street 14.04M $157.48M +2.1%
MCQEF Macquarie 11.8M $131.05M -4.0%
Massachusetts Financial Services 5.58M $61.99M -6.2%
Dimensional Fund Advisors 5.18M $57.53M -3.6%
Geode Capital Management 5.13M $57M +5.3%
NTRS Northern Trust 5.06M $56.26M -14.2%
Charles Schwab Investment Management 3.69M $41.04M +3.5%
Largest transactions
Shares Bought/sold Change
FMR 38.51M +4.98M +14.9%
Norges Bank 0 -3.91M EXIT
Nuveen Asset Management 3.49M -1.78M -33.7%
BLK Blackrock 52.77M +1.67M +3.3%
Vanguard 45.29M +1.01M +2.3%
NTRS Northern Trust 5.06M -835.93K -14.2%
JPM JPMorgan Chase & Co. 2.82M +673.17K +31.4%
Renaissance Technologies 907.08K +667.7K +278.9%
Rothschild & Co Asset Management Us 0 -601.32K EXIT
LSV Asset Management 0 -540.32K EXIT

Financial report summary

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Management Discussion
  • Three months ended March 31, 2021 compared with three months ended March 31, 2020. The increase in net income attributable to common shareholders of $22.9 million was primarily due to the items discussed below.
  • The increase in total gross revenues of $11.7 million was primarily a result of an increase in rental revenue. Rental revenue increased primarily due to acquisitions and an increase of $10.8 million in termination income recognized during the three months ended March 31, 2021. The increase was partially offset by a $1.1 million decrease in other revenue primarily due to an incentive fee earned upon the sale of a property that we managed for a third-party real estate owner in 2020 with no comparable revenue earned in 2021.
  • The increase in depreciation and amortization expense of $1.7 million was primarily due to acquisition activity.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
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