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LEXINGTON CP PTY, (LXP) Stock Research Free Stock Rating
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Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). It acquires, owns, and manages a portfolio of net leased office, industrial, and retail properties. The company also provides investment advisory and asset management services to institutional investors in the net lease area. As of June 30, 2004, Lexington had an ownership interest in 130 properties and managed 2 properties. The company qualifies as a REIT under the Internal Revenue Code. As a REIT, the company would not be subject to federal income tax provided that it distributes atleast 90% of its taxable income to its stockholders. The company's predecessor was organized in 1993. Lexington is based in New York City.
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