Winthrop Realty Trust: Well-Positioned in Commercial RE Downturn
H.J. Huney submits:
It’s been almost a year since I originally wrote about Winthrop Realty Trust (FUR). I knew very little about REITs then and Winthrop was the first one I analyzed. The stock was selling at $6 per share at that time and today it stands at $13.00 and has paid out $0.91 per share in dividends. That’s a total return of around 132% for what was actually a relatively safe bet. Of course, the market did not realize that at the time.
With that in mind, it’s time for me to revisit Winthrop to see if it’s still worthwhile selling near $13 per share. While it is not dirt cheap any more, there are still reasons it might be a good buy. The most important reason is that the company has a very strong balance sheet and is well positioned to potentially grab some real estate assets at distressed prices.
Investing, Long Term Investment, stock market | admin March 15, 2010
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