Revenue during the quarter went up marginally by 0.85 percent to $106.33 million from $105.44 million in the previous year period.

Operating loss for the quarter was $9.76 million, compared with an operating income of $14.42 million in the previous year period.

Revenue from real estate activities during the quarter went up marginally by 0.85 percent or $0.89 million to $106.33 million.

Income from operating leases during the quarter went up marginally by 0.87 percent or $0.86 million to $98.95 million. Revenue from tenant reimbursements during the quarter was almost stable at $7.38 million, when compared with the previous year period.

T. Wilson Eglin, Chief Executive Officer and President of Lexington Realty Trust, commented, “We substantially completed our $600-$700 million sales program during the quarter and subsequently sold two properties, bringing our total consolidated sales for the year to $616.2 million at average cash and GAAP cap rates of 5.1% and 10.6%, respectively. The $338 million sale of our New York City land investments, which were purchased in late 2013 for $302 million, turned out to be a great success for our investors. These properties generated strong cash flow and capital appreciation and the sale allowed us to reduce leverage considerably while providing cash to retire debt and fund investments.”

Net receivables were at $104.68 million as on Sep. 30, 2016, down 0.96 percent or $1.02 million from year-ago.

Total assets declined 5.55 percent or $202.67 million to $3,449.95 million on Sep. 30, 2016. On the other hand, total liabilities were at $2,033.71 million as on Sep. 30, 2016, down 6.91 percent or $150.85 million from year-ago.

Return on assets was negative at 0.14 percent in the quarter against a positive 0.46 percent in the last year period. Return on equity for the quarter stood at negative 1.88 percent as compared to a negative 0.52 percent for the previous year period.