Lexington Realty Trust Earnings: Here’s Why the Stock is Down Now

Lexington Realty Trust (NYSE:LXP) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.27%.

Lexington Realty Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $0.25 in the quarter as EPS of $0.25 in the year-earlier quarter.

Revenue: Rose 7.61% to $95.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Lexington Realty Trust reported adjusted EPS income of $0.25 per share. By that measure, the company met the mean analyst estimate of $0.25. It missed the average revenue estimate of $97.44 million.

Quoting Management: T. Wilson Eglin, President and Chief Executive Officer of Lexington, stated, “We are very excited about our growth prospects for 2013. We have positioned Lexington to pursue growth opportunities in the coming year, having significantly reduced our debt levels both by accessing the capital markets and the timely and accretive disposition of non-core assets. After completing $247.0 million in new investments in 2012, we believe that investment volume this year will substantially increase. With just 3.0% of single-tenant revenue currently expiring this year and a strong pipeline of accretive investment opportunities, we expect to generate strong growth in our cash flow and funds from operations per share.”

Key Stats (on next page)…