NYSE$LXP

Lexington Realty Trust · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Lexington Realty Trust reported strong fourth quarter results, driven by active acquisition and disposition activities and consistent rental collections.

Lexington Realty Trust announced strong Q4 2020 results, with increased revenues and net income compared to the same period last year. The company's industrial exposure reached 91% of overall gross real estate assets, and rental collections remained consistent at over 99%.

  • Total gross revenues increased to $83.3 million, compared to $83.0 million in Q4 2019.
  • Net income attributable to common shareholders was $102.7 million, or $0.37 per diluted share, compared to $83.6 million, or $0.33 per diluted share in Q4 2019.
  • Adjusted Company FFO was $55.0 million, or $0.19 per diluted share, compared to $52.4 million, or $0.20 per diluted share in Q4 2019.
  • Consolidated 2020 acquisition activity totaled $611.8 million, and property disposition volume totaled $432.8 million.

Headline financials

Total Revenue

$83.3M

Previous: $81.6M+2.1%
EPS (adj)

$0.19

Previous: $0.20-5.0%
Net Income

$103M

Previous: $83.6M+22.8%
Operating Income

$41.4M

No prior period
Gross Profit

$32.6M

Previous: $36M-9.5%
Cash & Equivalents

$179M

Previous: $123M+45.8%
Total Assets

$3.49B

Previous: $3.18B+9.8%

Revenue & EPS history

Lexington Realty · Revenue · Quarterly

$83.3M

Q4 2020+2.1%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Lexington estimates its net income attributable to common shareholders per diluted common share for the year ended December 31, 2021, will be within a range of $0.58 to $0.62. Lexington estimates its Adjusted Company FFO for the year ended December 31, 2021, will be within an expected range of $0.72 to $0.76 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 2020

Historical avgQ4 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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