Lexington has leases with more than 350 tenants, representing the full range of a diverse U.S. economy, including small, medium and large companies operating in more than 20 industries including energy, finance, insurance, technology, automotive, healthcare, telecommunications, retail, media, consumer products, aerospace, and defense.
While Lexington owns 100% of most of these properties, others are owned in joint ventures with institutional partners, with Lexington providing investment advisory and asset management services to such joint ventures.
Lexington believes that its focus on net-leased investments, under which the tenant pays all operating expenses, combined with the diversification in the portfolio by geographical location, tenant industry segment, lease term expirations and property type, creates predictable, stable cash flow that supports a secure, growing dividend.
Lexington has increased its dividend per share for 14 consecutive years. In March of 2007 Lexington increased the quarterly dividend to $0.375 per share, which equates to $1.50 per share on an annualized basis. In January, 2008 Lexington paid a special dividend of $2.10 per share and reset its common dividend to $1.32 per share, to reflect the payment of the special dividend.
