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What A Fool Believes: Should You Buy This High-Paying Net Lease REIT?

Lexington Realty Trust (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 40 U.S. states.

Summary

  • I am amazed to see so many investors who own shares in a REIT simply because of the enticing yield.
  • These yield chasers are like cowboys slinging high-flyers like the “wild, wild, west.”.
  • Predicting short-term stock market direction is just a fool’s game.
  • I may be “old school” but I’m not buying the high-flyers.

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