NEW YORK CITY-Lexington Realty Trust said Tuesday it generated funds from operations of $45.5 million during the third quarter, up about 10% year over year. The REIT, which focuses on single-tenant investments, also brought its net income from a loss of $37 million in Q3 2011 to a gain of $169 million in the most recent quarter, due mainly to acquiring Inland American (Net Lease) Sub LLC’s share of the Net Lease Strategic Assets Fund joint venture.

That deal, announced just after Labor Day, consolidated LXP’s ownership of a 98.7% leased portfolio that it had owned and/or managed since before NLS was formed.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.