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Lexington Realty Trust (NYSE:LXP) is a real
estate investment trust (REIT) that owns a diversified real estate portfolio of
equity and debt investments in single-tenant commercial properties across the United
States. Our strategy focuses on net-lease assets with long-term leases in well-located
and growing markets or markets which are critical to the tenants business. We intend
to grow our portfolio primarily through acquisitions, sale-leaseback transactions,
and build-to-suit arrangements. Our diversified portfolio consists of 199 properties,
including land, across 42.8 million square feet in 40 U.S. states.(1)
We currently pay an annualized dividend of $0.70 per share, paid quarterly. With one of the most conservative dividend coverage ratios in the industry, our dividend remains secure, and we intend to grow our dividend along with growth in earnings.
(1) As of September 30, 2016.