Back to top

Analyst Blog

Mass.-based real estate investment trust (REIT), Winthrop Realty Trust (FUR - Snapshot Report), disclosed the disposition of its medical office building property in Deer Valley, Ariz. The move has helped the company rope in $20.0 million as net proceeds.

The sell off clearly depicts a gain as the property was acquired as part of a foreclosure by Winthrop on a loan receivable purchased in Jun 2010 for an original purchase price of around $10.6 million.

Winthrop Realty engages in the ownership and management of real estate and real estate-related financial instruments such as CMBS, bonds, REIT preferred and common stock. The company reported a FFO (funds from operations) of 48 cents a share in the first quarter of 2013, substantially beating the Zacks Consensus Estimate of 21 cents. Notably, this REIT stock has beaten the Zacks Consensus Estimate in 2 of the last 4 quarters with an average surprise of 22.9%.

As a matter of fact, Winthrop is focused on riding the growth trajectory by capitalizing on opportunistic investments. The company, which had cash and cash equivalents worth $131.4 million at the end of the first quarter 2013, is improving its liquidity level through dispositions in order to capitalize on the favorable investment opportunities the market is currently offering.

Winthrop Realty carries a short-term Zacks Rank #2 (Buy). A number of other REITs that are also performing well and deserve look include CommonWealth REIT (CWH - Snapshot Report), which carries a Zacks Rank #1 (Strong Buy), while DCT Industrial Trust Inc. (DCT - Snapshot Report) and CubeSmart (CUBE - Snapshot Report) have a Zacks Rank #2.


Note: FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
 

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SYNAPTICS I… SYNA 78.11 +8.14%
GREEN PLAIN… GPRE 39.41 +5.12%
PILGRIM'S P… PPC 28.82 +3.08%
SKYWORKS SO… SWKS 52.07 +2.58%
CLAYTON WIL… CWEI 109.08 +2.51%