Lexington Realty Trust's leadership said the real estate investment trust is weighing the possibility of a large office portfolio sale to expedite its transition to a pure-play single-tenant industrial landlord.

On an earnings call, an analyst asked about the desirability, in view of the company's relatively low valuation, of "ripping the band-aid off" and executing a large deal, while simultaneously reviewing the company's dividend.

Citing the company's disclosure policy, President and CEO Will Eglin said the company will be "cautious and conservative" with any guidance on prospective property deals, and would not say whether the company has hired a third party to explore larger transactions. But Eglin said the company is working "very hard" to accelerate the pace of office dispositions.

"Clearly selling out of office and either deleveraging or reinvesting in industrial is dilutive," he said. "So far, by proceeding cautiously, we've been able to manage that dilution. But transitioning more quickly is not just a function of wanting to transition all the way to one asset class. It also recognizes that right now it happens to be a very good seller's market."

Eglin said Lexington Realty has an amount of assets in the market now "well in excess" of previous guidance.

"We want to deal in absolutes," he said. "And as soon as we have transactions that are disclosable, we'll disclose them."