LXP has taken care of that problem they give the property back to the lender. LXP doesn't have the expertise to re-let anything. Its a scam waiting for the bubble to burst. Lately most properties up for renewal have been leased for lesser amounts than prior rents. Examples are in every supplement for the past few years. Speaking of light street how is that 2 cap property doing.
Don't know for sure but IRS gives extensions for 6 months,your Oct 8th date is getting a little late. As per the conference call,the divs will be about 30% regular and 70% return of capital. They also stated that the div policy will remain the same,I take that to say,1.60 plus a 5% stock div. I will wait till the last minute to file and if need be I will file an ext
It should get there and at the same time the brokerage won't bother posting another correction until they believe they have all of them. I get 12+pages mailed,they don't want to do it every week
Maybe the 100 shares won't, but since FAD is being paid out at close to 100% shove your divy increase down the drain.
Same goes with any share price increase for years.
I doubt its the bottom because estimates have it earning less next year. With zero chance of a increase in the div and FFO flat or falling everyone is at the mercy of the direction of the general market. CLI looks to be dead money for quite a while,take your gain or loss and buy elsewhere
SIR has been up most of the day,most went EX so the declines aren't any bigger than a lot of other REITS. You never where very bright
Your the sheep herder out in CA,bet they like you more than me pervert.
Your LXP isn't looking very good,its been in a downtrend for a while now and it isn't about macro events.
I like the way LXP just gives away shares and bonuses(cash)reminds me of RMR but WORSE
I agree that preferreds are bond type investments but isn't an over 9% yield a little much. The issue is cumulative so they have to make good on the div,the common pays 84 cents per share that div would have to be eliminated before they stop paying on the preferred. I would call the NRF preferreds a very safe investment for people looking for only income 3% gov paper VS 9% safe preferred is way too much of a spread
bubbles the press release states rental income of 4.93%,the words cap rate aren't in the article. My guess is they receive 4.93% minus some small expenses.
There is also substantial costs involved with buying almost any property,stands to reason that LXP invested 302m without any return for at least 6 years.
You aren't the sharpest tool in the shed,even though you think you are