Benzinga | May 11, 2021 07:52AM EDT

Lexington Realty Trust Prices 16M Share Common Stock Offering For Gross Proceeds Of ~$195.2M

NEW YORK, May 11, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) ("Lexington"), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced that it has priced its underwritten public offering of 16,000,000 common shares for expected gross proceeds of approximately $195.2 million, before applicable expenses and before giving effect to the underwriters' option, if exercised, all of which are being offered in connection with the forward sale agreements described below. As part of the offering, Lexington has granted the underwriters a 30-day option to purchase up to an additional 2,400,000 common shares.