doubled

Lexington Realty Trust: High-Yield Opportunity, Ready for 2009

I agree with this analysis but of more interest is the fact that LXP has 3 seperate preferred issues, series B, C, and D. All are cumulative preferred and the C has a convertible option. All of these preferreds are publically traded and listed on NYSE. They currently have dividend yields which are above the level of the common yet are in front of the common in terms of payment preference. They also have a $25 par value and based on their current prices there is as much upside in these preferreds as there is in the common. Investors interested in LXP should look at the preferreds as the market is currently giving them away and they are a better deal.