NYSE$LXP

Lexington Realty Trust · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported an increase in Adjusted Company FFO and acquired four industrial properties.

Lexington Realty Trust reported first quarter 2020 results, including net income attributable to common shareholders of $16.5 million, or $0.06 per diluted common share, and Adjusted Company Funds From Operations of $49.3 million, or $0.19 per diluted common share. The company acquired four industrial properties for $195.5 million and disposed of two office properties for $29.6 million.

  • Recorded Net Income attributable to common shareholders of $16.5 million, or $0.06 per diluted common share.
  • Generated Adjusted Company Funds From Operations available to all equityholders and unitholders - diluted (“Adjusted Company FFO”) of $49.3 million, or $0.19 per diluted common share.
  • Acquired four industrial properties for an aggregate cost of $195.5 million.
  • Disposed of two office properties for an aggregate gross price of $29.6 million.

Headline financials

Total Revenue

$80.8M

Previous: $81.2M-0.5%
EPS (adj)

$0.19

Previous: $0.20-5.0%
Capital Expenditures

-$203M

Previous: -$58M-249.6%
Free Cash Flow

-$185M

Previous: -$30M-516.1%
Net Income

$18.2M

Previous: $28M-35.2%
Operating Income

$32.5M

Previous: $34.5M-5.9%
Gross Profit

$80.8M

Previous: $81.2M-0.5%
Cash & Equivalents

$83.5M

Previous: $170M-51.0%
Total Assets

$3.29B

Previous: $2.97B+10.9%

Revenue & EPS history

Lexington Realty · Revenue · Quarterly

$80.8M

Q1 2020-0.5%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Lexington estimates that its net income attributable to common shareholders for the year ended December 31, 2020 will be within an expected range of $0.77 to $0.80 per diluted common share. Additionally, Lexington is reaffirming that its Adjusted Company FFO for the year ended December 31, 2020 is expected to be within a range of $0.74 to $0.77 per diluted common share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.5%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+0.8%

Avg return

30 days after

58%

37 / 64 earnings

Positive

+7.8%

Q2 2019

Best reaction

-7.2%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-1.4%+1.2%
Q4 2025-6.4%-6.2%-9.4%
Q3 2025+2.4%+1.1%+1.9%
Q1 2025+1.4%+1.0%+8.7%
Q4 2024+4.7%+4.5%+10.9%
Q3 2024+3.1%+3.8%-1.6%
Q2 2024-3.5%-9.1%-1.0%
Q1 2024+3.2%+3.8%+0.6%
Q4 2023-2.2%-2.0%+1.8%
Q3 2023+1.5%+7.5%+11.8%
Q2 2023-0.9%+0.5%-1.3%
Q1 2023+2.1%+3.9%+13.7%
Q4 2022-1.5%-3.4%-14.1%
Q3 2022+5.4%+6.0%+11.8%
Q2 2022+1.2%+1.3%-5.4%
Q1 2022-7.2%-11.0%-10.5%
Q4 2021+5.4%+4.4%+5.8%
Q3 2021-0.6%+0.0%+2.0%
Q2 2021+1.6%+1.1%+7.0%
Q1 2021+3.1%-2.6%+3.1%
Q4 2020+0.4%+1.6%+1.9%
Q3 2020-4.0%+1.1%+3.4%
Q2 2020+0.4%-1.9%-5.2%
Q1 2020+4.3%-5.8%+7.7%
Q4 2019+2.2%-0.3%-24.5%
Q3 2019+2.1%+4.0%+5.7%
Q2 2019+7.8%+8.0%+4.7%
Q1 2019+0.9%+1.3%+4.1%
Q4 2018-2.3%-5.8%-4.7%
Q3 2018+5.3%+6.1%+11.1%
Q2 2018-0.9%-0.9%-3.8%
Q1 2018-1.7%-1.4%+2.1%
Q4 2017-4.4%-4.7%-5.5%
Q3 2017+1.3%+2.4%+0.0%
Q2 2017-2.2%-3.6%-1.8%
Q1 2017-2.6%-3.8%-0.3%
Q4 2016-3.3%-5.2%-10.6%
Q3 2016-1.4%+2.9%+6.6%
Q2 2016+3.8%+3.5%+4.1%
Q1 2016+2.7%
Q4 2015+4.3%
Q3 2015-2.2%
Q2 2015+0.0%
Q1 2015+2.8%
Q4 2014-2.6%
Q3 2014+0.4%
Q2 2014-1.0%
Q1 2014+1.3%
Q4 2013-0.9%
Q3 2013-3.8%
Q2 2013+2.6%
Q1 2013+3.7%
Q4 2012+1.0%
Q3 2012-3.9%
Q2 2012-1.4%
Q1 2012+0.6%
Q4 2011-3.7%
Q3 2011+1.9%
Q2 2011-0.6%
Q1 2011+2.7%
Q1 2010+2.7%
Q4 2010+2.7%
Q3 2010+6.2%
Q2 2010-1.7%

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