Lexington Realty Trust (LXP) Posts Q3 FFO of $0.25, Tops by 1c; Increases Quarterly Dividend 15% to $1.15; Yields 5.8%

Lexington Realty Trust (NYSE: LXP) reports Q3 FFO of $0.25, 1 cent better than the analyst estimate of $0.24. Revenue for the quarter was $87.8 million, which compares to the estimate of $88.71 million. Also declared a quarterly dividend of $0.115 per common unit, $0.46 annualized. The dividend is a 15% increase from the current rate of $0.10. The dividend is payable January 14, 2011, to unitholders of record as of December, 31, 2010. The ex-dividend date is December 29, 2010. Yield on the dividend is 5.8%.... Read more

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