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.
- 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”.
See the full article at https://seekingalpha.com/article/4096667-lexington-realty-lost-sizzle-fo-shizzle