Lexington Realty Trust Earnings: Here’s Why Investors Like These Results

Lexington Realty Trust (NYSE:LXP) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.35%.

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Lexington Realty Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.17% to $0.25 in the quarter versus EPS of $0.24 in the year-earlier quarter.

Revenue: Rose 15.95% to $97.06 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lexington Realty Trust reported adjusted EPS income of $0.25 per share. By that measure, the company missed the mean analyst estimate of $0.25. It beat the average revenue estimate of $96.27 million.

Quoting Management: T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “Our operating results continue to be strong in all areas of our business. We have maintained high levels of occupancy, capitalized on opportunities to lower our cost of capital and added long-term net leases to our portfolio. Over the balance of the year, we expect to take advantage of opportunities to extend our debt maturities while interest rates are at attractive levels, add long-term net leases to our portfolio in order to extend our weighted-average lease term and make substantial progress addressing our 2014-2015 lease rollovers. We believe these steps will result in greater cash flow from a higher quality portfolio.”

Key Stats (on next page)…

Revenue increased 10.07% from $88.18 million in the previous quarter. EPS increased 0% from $0.25 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.26 to a profit $0.25. For the current year, the average estimate has moved down from a profit of $1.03 to a profit of $1.01 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)