Lexington Realty Trust Message Board
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It keeps on ticking to new 52 week highs
If they increase divvy within the next two Quarters we colud see $9.00-$10.00. Agree?
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town-
passed gas maybe. -
What is it that you think they are compelled to sell? They have no significant maturing debt and are now only peddeling non-core assets.
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Eo-
Looking good. Really, really good.
But probably will increase the dividend later rather than sooner. They just went to the mkt to raise cash by selling common. Would seem like a poor use of cash to raise the divy-but who knows. In any event, feels good.- 1 Reply to tcorcoran40
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I agree. There is no chance they will raise the dividend this year. They will probably deploy whatever cash they have to opportunly pick up properties available from distressed sellers.
I would expect we are not going to see a dividend increase for at least 12 and probably 18 months. This will give them a chance to increase ffo and ffo/share and get sufficient visability of earnings and the credit market going into 2012 when more debt will mature.
That will keep a near term cap on the pps but should give us a much more solid long term performance. Since I've been in for well over a decade, I'm more interested in longer term pps than where we are at the end of 2010.
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Yes I think the 9.00 to 10.00 area by end of the year.
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