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Lexington Realty registers $100M shares for sale

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Lexington Realty registers $100M shares for sale

Lexington Realty Trust filed a prospectus supplement for the sale of up to $100.0 million of common shares.

The amount comprises roughly $60.3 million previously covered by a prior registration statement and a newly authorized $39.7 million. The diversified real estate investment trust has sold roughly $64.7 million of its common shares through its at-the-market program under a prior registration statement.

Additionally, the company signed amended and restated equity distribution agreements with Jefferies LLC and KeyBanc Capital Markets Inc. in connection with its at-the-market program to sell its common shares.