Chairman, President & Chief Executive Officer, Lxp Industrial
Search every verified T. Eglin interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2015 interview with REIT.com, T. Wilson Eglin, then president and CEO of Lexington Realty Trust, discussed the company's financial performance and investment strategy. Eglin stated that following the financial crisis, the company experienced a "strong rebound in cash flow" driven by refinancing savings and a favorable investment environment, particularly in the build-to-suit segment. He attributed the company's 70% dividend increase over four years to this cash flow momentum. Eglin said that Lexington's property investments are driven by corporate space use decisions, focusing on states with "favorable" business environments, such as right-to-work states and those with favorable tax regimes. He expressed optimism about sale-leaseback transactions, noting that low interest rates allow companies to secure attractive long-term occupancy costs, and described the period as "an uncommonly good time for sale-leaseback financing."
“Coming out of the financial crisis, we had a very strong rebound in our cash flow that was driven by refinancing savings and also an uncommonly good investment environment in our business.”
“Yields were very attractive especially in the build-to-suit segment so that helped us going to create a lot of cash flow momentum and dividend growth is followed with that.”
“If you look at where we owned property it tends to track where US corporations want to be located for whichever reason, so it's largely driven by corporate space use decisions.”
“It begins with picking states where the environment for business is favorable: right-to-work states, favorable tax regimes, etc. So that tends to be what drives our investment decisions.”
“Since interest rates are still very low, there's an opportunity for companies to lock in very attractive long-term occupancy costs in connection with the sale leaseback.”
“Right now we think it's an uncommonly good time for sale-leaseback financing and we're hopeful that leads to additional good growth opportunities for us.”
T. Wilson Eglin, president and CEO of Lexington Realty Trust (NYSE: LXP), joined REIT.com for a CEO Spotlight video interview ...
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