Lexington Realty Trust Lifts 2016 Adj. FFO/shr View

(RTTNews) - Lexington Realty Trust (LXP) said that it increased its 2016 Adjusted Company Funds From Operations available to all equityholders and unitholders to a new range of $1.09-$1.11 per share from the prior estimate of $1.07-$1.10 per share. Analysts polled by Thomson Reuters expect the company to report earnings of $1.09 per share for the quarter. Analysts' estimates typically exclude special items.

Lexington declared a regular quarterly common share/unit dividend/distribution for the quarter ended September 30, 2016 of $0.175 per common share/unit, which represented an increase of approximately 3% over the prior regular quarterly common share/unit dividend/distribution. This equates to an increase of $0.02 per common share/unit to an annual dividend/distribution of $0.70 per common share/unit. The common share/unit dividend/distribution was paid on October 17, 2016 to common shareholders/unitholders of record as of September 30, 2016