NYSE$LXP

Lexington Realty Trust · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Lexington Realty's portfolio remained strong with high occupancy and rent collection, and the company maintained a solid balance sheet.

Lexington Realty Trust reported a strong Q2 2020, maintaining high occupancy rates and rent collection. The company's focus on single-tenant industrial assets and strategic balance sheet management contributed to its stability during the COVID-19 pandemic.

  • Portfolio operations experienced minimal impact from COVID-19, with over 99.5% cash base rent collections in Q2 2020.
  • Industrial renewal cash base rents were up 22% in Q2 2020.
  • The company disposed of $67 million in portfolio assets in July.
  • Over $627 million of total liquidity was available, with $560M in credit facility availability.

Headline financials

Total Revenue

$81.8M

Previous: $80.1M+2.1%
EPS (adj)

$0.19

Previous: $0.20-5.0%
Portfolio Leased

97.3%

No prior period
Capital Expenditures

-$380M

Previous: -$260M-46.0%
Free Cash Flow

-$361M

Previous: -$237M-52.5%
Net Income

$18.9M

Previous: $23.3M-19.1%
Operating Income

$44M

Previous: $34.9M+26.1%
Gross Profit

$81.8M

Previous: $80.1M+2.1%
Cash & Equivalents

$67M

Previous: $43.8M+53.0%
Total Assets

$4.34B

Previous: $3B+45.0%

Revenue & EPS history

Lexington Realty · Revenue · Quarterly

$81.8M

Q2 2020+2.1%vs Q2 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Lexington Realty Trust did not provide specific forward guidance in the provided document.

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 Q2 2020

Historical avgQ2 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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