Lexington Realty Trust Q3 Adj. FFO Tops View - Quick Facts

(RTTNews) - Lexington Realty Trust (LXP) posted third-quarter Funds From Operations or FFO of $68.0 million or $0.28 per share, compared to $53.0 million or $0.23 per share in the comparable quarter last year.

Adjusted Funds From Operations or AFFO rose to $68.7 million or $0.28 per share from $56.1 million or $0.25 per share in the year-ago period. On average, 8 analysts polled by Thomson Reuters expected the company to earn $0.27 per share. Analysts' estimates typically exclude special items.

For the latest third quarter, net income attributable to common shareholders was $38.7 million or $0.17 per share, compared to $3.0 million or $0.01 per share in the prior year period.

Total gross revenues for the quarter were $109.51 million, up from $93.05 million in the year-ago period, primarily due to property acquisitions. Analysts expected revenues of $109.91 million for the quarter.