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Lexington Realty Trust reaffirms FY'18 guidance

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Lexington Realty Trust reaffirms FY'18 guidance

Lexington Realty Trust reaffirmed its full-year 2018 guidance for adjusted company funds from operations per share at a range of 95 cents to 98 cents.

In its earnings release, the diversified real estate investment trust said it acquired three industrial properties for a total of $136.8 million during the second quarter. It also sold three non-industrial assets for $65.6 million during the period. Since July 1, the REIT sold three non-industrial assets for $46.6 million.

Lexington Realty borrowed $95.0 million under its revolving credit facility during the quarter and obtained a $25.9 million loan for an industrial property in Warren, Mich. The loan will mature in November 2032 and carries a 5.4% fixed interest rate.