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Lexington Realty Trust (LXP) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Lexington Realty Trust (LXP) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Lexington Realty Trust is a REIT that owns a diversified portfolio of equity and debt investments in single-tenant commercial properties. It has equity ownership interests in over 195 consolidated real estate properties, located in around 40 states. Lexington Realty Trust has a market cap of $2.12 billion; its shares were traded at around $9.03 with a P/E ratio of 9.81 and P/S ratio of 5.28. The dividend yield of Lexington Realty Trust stocks is 7.86%.


For the last quarter Lexington Realty Trust reported a revenue of $87.3 million, compared with the revenue of $102.2 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $395.3 million, an increase of 0.9% from last year. For the last five years Lexington Realty Trust had an average revenue decline of 0.8% a year.

The reported diluted earnings per share was 93 cents for the year, an increase of 181.8% from previous year. The Lexington Realty Trust enjoyed an operating margin of 38.65%, compared with the operating margin of 34.3% a year before. The 10-year historical median operating margin of Lexington Realty Trust is 31.02%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Lexington Realty Trust has the cash and cash equivalents of $168.8 million, compared with $107.8 million in the previous year. The long term debt was $1.4 billion, compared with $1.9 billion in the previous year. The interest coverage to the debt is 1.9, which is not a favorable level. Lexington Realty Trust has a financial strength rank of 4 (out of 10).

At the current stock price of $9.03, Lexington Realty Trust is traded at 10.4% premium to its historical median P/S valuation band of $8.18. The P/S ratio of the stock is 5.28, while the historical median P/S ratio is 4.80. The stock gained 19.95% during the past 12 months.

For the complete 20-year historical financial data of LXP, click here.

This article first appeared on GuruFocus.