trending Market Intelligence /marketintelligence/en/news-insights/trending/r_iv9kzai7tgy045v49cuw2 content esgSubNav
In This List

Lexington Realty Trust reaffirms FY'18 guidance

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Infographic: The Big Picture 2024 – Energy Transition Outlook

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.