Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Lexington Realty Trust Prices Public Offering Of 10.00 Mln Shares At $11.17/shr

RELATED NEWS
Trade LXP now with 

Lexington Realty Trust (LXP: Quote), a real estate investment trust focused on single-tenant real estate investments, announced Friday that it priced an underwritten public offering of 10.00 million common shares at a public offering price of $11.17 per share.

It expects that the gross proceeds from the offering will be $111.7 million before underwriting discounts and commissions and estimated offering expenses.

The company also granted the underwriters of the offering a 30-day option to purchase up to an additional 1.50 million common shares. The offering is expected to close on or about October 17, 2013, subject to customary closing conditions.

The firm expects to use all of the net proceeds of the offering to pay down amounts outstanding under its unsecured revolving credit facility, a portion of which was used to fund the previously announced acquisition of the three long-term leased land parcels in New York, New York.

Click here to receive FREE breaking news email alerts for Lexington Realty Trust and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
LinkedIn Corp., the world's largest online professional network, said Thursday after the markets closed that it swung to a second quarter loss, hurt by higher costs and expenses even as revenue surged 47%. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Kraton Performance Polymers, Inc. (KRA), Wednesday reported second-quarter net income of $11.1 million or $0.33 per share, up from $3.8 million or $0.12 per share last year. Adjusted earnings improved to $0.46 per share from $0.15 per share last year. Revenues for the quarter dropped to $323.8... Organic grocer Whole Foods Market, Inc. said Wednesday after the markets closed that its third quarter profit rose 6.3% from last year, as same-store sales increased 3.9%. The company's quarterly earnings per share also came in above analysts' expectations, but its quarterly sales fell shy of analyst' forecast.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.