Winthrop Realty Trust

There’s an interesting article by H. J. Honeycutt at SeekingAlpha on Winthrop Realty Trust, which owns a few million shares of Lexington Realty Trust (LXP). The company makes me a little nervous because they dabble in many different areas. This requires a good deal of trust from their investors. Despite this, valuing their real estate portfolio at market raises their true book value to about $20 per share. On a market pull back, it may be worth adding some shares.

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