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Lexington Realty Has Lost Some Sizzle Fo' Shizzle - LXP was founded in 1973 and went public in…

Lexington Realty Has Lost Some Sizzle Fo' Shizzle -

LXP was founded in 1973 and went public in 1993 (24 years ago). While the majority of the company's properties are free-standing buildings, a few of the buildings (3.8% of ABR) are multi-tenant. It owns a diversified portfolio of 188 properties across 43.7 million square feet in 40 U.S. states.

Summary

  • LXP has lost some of the sizzle and the earnings results yesterday suggest that Mr. Market has lost his appetite.
  • If Snoop Dog was writing this article, he would likely title this one, “Lexington Realty Has Lost Some Sizzle Fo' Shizzle”.
  • I wrote the rap review when I was in high school so I can't help it, rapping and REITs are just part of my DNA.

From time to time, I get messages from readers arguing that I never sell anything.

That’s “fake news”, I occasionally hit the sell button – although it’s rare – and today I’m going to tell you about a recent decision to sell a REIT and how the trade has played out since the downgrade.

To be clear, I’m not a market timer and because REITs own real estate, my investment strategy is geared to the mindset of a real estate landlord. In other words, when I buy shares in REITs, I am buying the company for the compounding power and to generate favorable risk-adjusted returns - I frame my decisions around the principles of “investing for the long-haul”.

Lexington Realty Has Lost Some Sizzle Fo' Shizzle

Lexington Realty Has Lost Some Sizzle Fo' Shizzle

by: Brad Thomas

LXP has lost some of the sizzle and the earnings results yesterday suggest that Mr. Market has lost his appetite. If Snoop Dog was writing this article, he woul

Do you think think that LXP will get its steam back any time soon?

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