- Q2 adjusted FFO of $71.8M or $0.29 per share vs. $67M and $0.27 one year ago. Dividend is $0.17.
- Sold six properties, including a land investment in NYC, for $107.2M. Property dispositions to date are $171M at a 5.9% weighted average cap rate, putting company on target to complete $600M-$700M in sales at a better than expected cap rate range of 5.5-6.25%.
- Full-year AFFO guidance is lifted to $1.07-$1.10 per share vs. $1.03-$1.08 previously.
- CC at 8:30 ET
- Previously: Lexington Realty Trust beats by $0.02, beats on revenue (Aug. 9)
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LXP flat premarket