Lexington Realty Trust Lifts Adj. FFO Per Share For FY15

(RTTNews) - Lexington Realty Trust (LXP) Thursday raised its adjusted FFO per share guidance for the full year 2015. For the third quarter, the company reported a narrower net loss, on 1.1 percent decline in revenue.

For the full year, the company now expects adjusted FFO in a range of $1.05 to $1.07 per share. On average, 8 analysts polled by Thomson Reuters expect the company to earn $1.07 per share. Analysts estimates usually exclude special items.

For the third quarter, the company reported FFO available to shareholders of $66.095 million, down from $68.033 million a year ago. FFO per share was $0.27, compared to $0.28 last year. Company FAD declined to $0.18 from $0.22 a year ago. Wall Street expected the company to earn $0.26 per share on revenue of $106.60 million.

Net loss attributable to the shareholders was $7.629 million, compared to $38.72 million in the previous year.

Revenue for the quarter declined to $105.4 million from $106.6 million in the previous year.