NYSE$LXP

Lexington Realty Trust · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported fourth quarter 2019 results, highlighting investment activity and portfolio repositioning.

Lexington Realty Trust reported strong fourth-quarter results, with investment activity exceeding $700 million and property sales surpassing $620 million. The company is focused on becoming a single-tenant industrial REIT, with industrial exposure representing nearly 82% of gross book value at year-end.

  • Total gross revenues were $83.0 million.
  • Net income attributable to common shareholders was $83.6 million, or $0.33 per diluted share.
  • Adjusted Company FFO was $52.4 million, or $0.20 per diluted share.
  • Consolidated 2019 acquisition activity totaled $703.8 million.

Headline financials

Total Revenue

$81.6M

Previous: $87.3M-6.5%
EPS (adj)

$0.20

Previous: $0.22-9.1%
Portfolio Leased

97.0%

No prior period
Net Income

$83.6M

Previous: $25.4M+229.0%
Gross Profit

$36M

Previous: $39.1M-8.0%
Cash & Equivalents

$123M

Previous: $169M-27.3%
Total Assets

$3.18B

Previous: $2.95B+7.7%

Revenue & EPS history

Lexington Realty · Revenue · Quarterly

$81.6M

Q4 2019-6.5%vs Q4 2018
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Lexington estimates that its net income attributable to common shareholders per diluted common share for the year ended December 31, 2020 will be within an expected range of $0.95 to $0.98. Lexington estimates that its Adjusted Company FFO for the year ended December 31, 2020 will be within an expected 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 Q4 2019

Historical avgQ4 2019

+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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