WINTHROP REALTY TRUST FUR

February 01, 2016 - 11:52pm EST by

member

						2016	2017
Price:		13.18		EPS		0	0
Shares Out. (in M):		36		P/E		0	0
Market Cap (in $M):		480		P/FCF		0	0
Net Debt (in $M):		166		EBIT		0	0
TEV (in $M):		646		TEV/EBIT		0	0

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#	AUTHOR DATE SUBJECT
27	member 2/21/18 4:45PM 20 Times Square Sold
https://therealdeal.com/2018/02/21/maefield-buying-witkoff-and-winthrop-out-of-701-seventh-avenue-in-1-5b-deal/ Seems like a pretty good price. Would anyone following this care to give a summary of how this has progressed (distributions and liquidation proceeds estimates evolution)? I never pulled trigger on this one, but I came view available tags
25	member 6/16/16 12:37PM Re: One East Erie 21
Yes, I agree that this price represents the high end of the range indicated at the end of 2013. But how do you square that with the liqudation value assumptions implied in their "net assets... login to read the rest view available tags
13	member 2/09/16 5:04PM Re: Re: interim expenses... 12
LuckyDog, Echoing zbeex's comment--The company has already accrued expenses that it anticipates paying during the rest of the liquidation process. If you look at the 9/30/15 balance sheet summary in my writeup, you'll see a liability... login to read the rest view available tags
10	member 2/04/16 3:05PM Re: Re: chuplin1065 8
chuplin, You should assume that there won't be any OTC market in FUR starting in August. I'm familiar with the RESCU units which continue to trade. The FUR situation is akin to MDTH, which was posted... login to read the rest view available tags
7	member 2/04/16 12:21PM chuplin1065
chuplin1065, Following up on your question about trading of FUR beyond August: I spoke with the company today, and they confirmed that there will be no more trading once the remaining assets are transferred to a... login to read the rest view available tags
6	member 2/03/16 1:15PM Re: Re: Re: watching 5
zbeex, Thanks for sharing your thoughts and your breakout of the value of the pieces of Times Square. Needless to say, I hope you're right. Being a cheapskate I have a hard time imagining rents of... login to read the rest view available tags
4	member 2/03/16 1:27AM Re: watching 3
chuplin1065, Thanks for your comments. I agree with your comment about the possibility of a tender. Ashner commented on the last conference call: "Let's assume for the moment that the stock was, say, trading at $12, and... login to read the rest -1 view available tags
2	member 2/02/16 5:36PM Re: FUR 1
Mojoris, Thanks for your comments and questions. First let me address the liquidity issue. The market cap today is only $480 million, and this will shrink further as distributions are made. There is maybe $2 million of... login to read the rest view available tags

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