Accordingly, there is no assurance that our expectations will be realized. In the real estate industry, symbols play a crucial role in establishing a brand’s identity and creating a sense of trust and reliability. A well-designed symbol can help a real estate company stand out in a crowded market and communicate its values and mission in a compelling way. A symbol that reflects a company’s commitment to quality, innovation, and customer service can help build a strong brand that resonates with customers and creates long-term loyalty.

The building in the symbol reflects the company’s focus on single-tenant real estate properties, while the bold letters convey a sense of strength and reliability. Lexington Realty Trust is a real estate investment trust (REIT) that specializes in the acquisition, development, and management of single-tenant real estate properties. The company’s portfolio comprises over 200 properties, with a total of approximately 43 million square feet of space. You may be aware that as of June 30, 2021, Land & Buildings (“L&B”) disclosed a 0.7% ownership position in LXP. Members of the LXP Board and management team have each recently met with representatives of L&B.

  • The company’s branding strategy is focused on delivering a consistent message across all channels and touchpoints.
  • J.P. Morgan Securities LLC, Wells Fargo Securities, LLC, BofA Securities, Inc., KeyBanc Capital Markets Inc., PNC Capital Markets LLC, Regions Securities LLC, TD Securities (USA) LLC and U.S.
  • In short, we are confident that LXP’s transformation will continue to deliver superior value creation.
  • For more information and updates, please visit our website at and follow us on social media.

As we do with all shareholder feedback, we will carefully consider and evaluate L&B’s suggestions, along with any potential trustee candidates. Rest assured that we will remain sharply focused on completing the successful transformation of LXP, building upon our progress, capitalizing on momentum in the industrial real estate market and delivering the best possible results for shareholders. Lexington Realty Trust’s branding strategy is centered around its mission to provide high-quality, single-tenant real estate properties to its customers. The company’s logo is an essential component of its branding strategy, representing its values and mission. Shares of LXP Industrial Trust dropped 6.6% in premarket trading Friday, after the real estate investment trust, focused on single-tenant warehouse and distribution investments, said it has decided to suspend its evaluati… We believe our portfolio is well-positioned to continue driving substantial, sustained value creation.

It is the face of the company and the first impression that customers have of the brand. LXP Industrial Trust is a real estate investment trust, which engages in financing, acquisition, and ownership of portfolio of single-tenant commercial properties. Robert Roskind in October 1993 and is headquartered in New York, NY. In today’s competitive landscape, businesses must find ways to stand out and differentiate themselves from the competition. The symbol of Lexington Realty Trust is an excellent example of how a well-designed symbol can help a company establish a strong brand identity and create a lasting impression on customers’ minds. They can evoke emotions, create associations, and establish a connection with customers.

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The changes to the logo over the years reflect the company’s commitment to staying relevant and up-to-date, while still maintaining its core values and mission. The Lexington Realty Trust logo is a symbol of the company’s strength, reliability, and commitment to excellence in the real estate industry. LXP continues to strengthen its Board composition and governance, with a focus on creating a diverse and experienced Board and tailoring LXP’s Board and governance to align with the Company’s strategic plan. We have a track record of refreshing our Board with diverse candidates who bring the right skills and experience for our Company. Since September 2015, we have added five new independent trustees with expertise in equity REIT investing and analysis, real estate finance and investing, capital markets, investor relations, public accounting, real estate tax law, and public company governance.

In short, we are confident that LXP’s transformation will continue to deliver superior value creation. Our strategy has driven sustained outperformance, as evidenced by LXP’s improved portfolio quality, AFFO multiple expansion, and TSR performance. We are very excited about the Company’s path forward and will, as always, continue to evaluate all opportunities to maximize shareholder value. We also expect to drive incremental returns through prudent investments, efficient allocation, and the opportunistic return of capital. This offering was made pursuant to Lexington’s currently effective shelf registration statement, which was previously filed with the Securities and Exchange Commission.

These factors include, but are not limited to, those factors and risks detailed in Lexington’s periodic filings with the Securities and Exchange Commission. Except as required by law, Lexington undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the occurrence of unanticipated events. These factors include, but are not limited to, those factors and risks detailed in Lexington’s periodic filings with the SEC. As a result of undertaking a transition to industrial, there have been short-term costs, in particular to our earnings and Funds from Operations (FFO) growth, which have been impacted by the sale of non-core assets at higher capitalization rates and the redeployment of proceeds into higher-quality, higher-growth industrial properties. Recent performance has proven that LXP’s leadership made the right call to deliver long-term growth and superior returns for shareholders, despite short-term dilution.

By year-end 2022, we expect to complete the full transition of LXP’s portfolio to 100% industrial assets. This will allow LXP to fully capitalize on increased demand for logistics-focused real estate. We believe the growth in value of well-located, fully modernized warehouse/distribution Best oil stock real estate is just beginning – and LXP is poised to capitalize and benefit from this trend. In 2016, the logo underwent another minor change, with the font of the company’s name being slightly modified to create a more cohesive and balanced design.

Lexington intends to use the net proceeds from the offering for working capital and general corporate purposes, including acquisitions it may identify in the future. Pending the application of such net proceeds, Lexington may use such net proceeds to pay down all or a portion of the outstanding balance under its revolving credit facility. forex trading secrets As of December 31, 2012, the Company had interests in approximately 220 consolidated office, industrial and retail properties containing approximately 41.2 million square feet of rentable space, which were approximately 97.3% leased. In October 2013, Lexington Realty Trust acquired a portfolio of three parcels of land in New York.

Lexington Realty Trust Symbol

We are able to capitalize on exceptionally strong demand for well-located industrial warehouse and distribution facilities and command strong re-leasing rates. Most recently, in the second quarter of 2021, we increased industrial Base and Cash Base rents by 13% and 7%, respectively, as part of four lease extensions. We remain proactive in our portfolio management and seek opportunities to extend best etf to day trade leases or re-lease to new tenants, as we recently did with a 2023 lease expiration, in which we replaced a move-out risk with a new 10.5 year lease term, growing the Base and Cash Base rent by approximately 32% and 27%, respectively. As of June 30, 2021, our industrial portfolio had a weighted average lease term of approximately seven years and was 51% leased by investment grade tenants.

Lexington Realty Trust Sends Letter to Shareholders

Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and include this statement for purposes of complying with these safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “estimates,” “projects,” “may,” “plans,” “predicts,” “will,” “will likely result” or similar expressions. Readers should not rely on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could materially affect actual results, performances or achievements.

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The font used for the company’s name was also different, with a more traditional and formal feel. The design elements of the logo are carefully chosen to create a sense of balance and symmetry. The building in the symbol is designed to be a simple and recognizable shape, with clean lines and minimalistic details. The font used for the company’s name is bold and easy to read, with a modern and professional feel.

In today’s fast-paced world, customers are bombarded with information from all directions. In this highly competitive landscape, businesses must find ways to stand out and differentiate themselves from the competition. Morgan Stanley and BofA Securities acted as underwriters for the offering. The offering is subject to the satisfaction of customary closing conditions and is expected to close on August 30, 2021.

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We have significantly increased the Board’s diversity, adding three female trustees in that time, including the addition of Nancy Elizabeth Noe, a corporate governance expert, in May 2021. LXP’s ISS Governance Quality Score is a 1, the highest possible, and LXP’s average independent trustee tenure of 5.7 years as of June 30, 2021 is well below the S&P average of 7.9 yearsvii. The company’s branding strategy is focused on delivering a consistent message across all channels and touchpoints. From its website to its marketing materials to its physical properties, Lexington Realty Trust strives to create a cohesive and recognizable brand identity that resonates with its customers.