Winthrop Realty Trust Earnings: Here’s Why Shares are Down Now

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Winthrop Realty Trust (NYSE:FUR) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.16%.

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Winthrop Realty Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 71.43% to $0.14 in the quarter versus EPS of $0.49 in the year-earlier quarter.

Revenue: Rose 86.63% to $19.26 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Winthrop Realty Trust reported adjusted EPS income of $0.14 per share. By that measure, the company missed the mean analyst estimate of $0.27. It beat the average revenue estimate of $17.6 million.

Quoting Management: 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.”

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