This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Winthrop Realty Trust Announces Results For Fourth Quarter And Full Year 2012

Declares First Quarter 2013 Cash Dividend Reports Fourth Quarter Investments of $144.5 Million

BOSTON, March 7, 2013 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR), a leading real estate value investor, announced today financial and operating results for the fourth quarter and full year ended December 31, 2012. All per share amounts are on a fully diluted basis.

Financial Results

Year Ended December 31, 2012

Net income applicable to common shares for the year ended December 31, 2012 was $15.3 million or $0.46 per common share as compared with net income of $10.0 million or $0.32 per common share for the year ended December 31, 2011.

For the year ended December 31, 2012, Winthrop reported FFO applicable to common shares of $46.2 million or $1.40 per common share as compared with FFO of $58.2 million or $1.85 per common share for the year ended December 31, 2011.

Three Months Ended December 31, 2012

Net loss applicable to common shares for the quarter ended December 31, 2012 was ($4.9) million or ($0.15) per common share as compared with net loss of ($10.6) million or ($0.32) per common share for the quarter ended December 31, 2011.

For the quarter ended December 31, 2012, Winthrop reported FFO applicable to common shares of $4.7 million or $0.14 per common share as compared with FFO of $16.2 million or $0.49 per common share for the quarter ended December 31, 2011.

Carolyn B. Tiffany, Winthrop's President, commented, "2012 was both a pivotal and successful year for Winthrop. We invested $295 million in new investments, negotiated long term leases at two of our large single tenant properties, leased up properties that had been acquired with significant vacancy and harvested value through the sale of certain assets. We look forward to 2013 as we continue to realize gains through select asset sales and redeploy that capital, along with $97 million in existing cash reserves, to new investment opportunities which we expect will continue through 2013."

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,655.59 -27.99 -0.16%
S&P 500 2,067.13 -1.63 -0.08%
NASDAQ 4,963.9850 -27.9550 -0.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs