W.P. Carey: Buy, Sell, or Hold?
W.P. Carey (NYSE: WPC) is one of the largest real estate investment trusts (REITs) focused on owning net lease properties. That lease structure requires that tenants cover all of a building's operating costs, including routine maintenance, real estate taxes, and building insurance. The company has a well-diversified portfolio of operationally critical warehouse, industrial, retail, and other properties across the U.S. and Europe. The REIT's portfolio produces a lot of stable rental income. That enables it to pay a lucrative dividend yielding 6.3%. Here's a look at whether investors should buy, sell, or hold shares of this high-yielding REIT.W.P. Carey has been going through a bit of a transitional period. In late 2023, the REIT made the strategic decision to exit the troubled office sector. It spun off a portion of its office properties to shareholders in late 2023 by forming office REIT Net Lease Office Properties. It subsequently sold the rest of its office portfolio. Continue reading
W.P. Carey (NYSE: WPC) is one of the largest real estate investment trusts (REITs) focused on owning net lease properties. That lease structure requires that tenants cover all of a building's operating costs, including routine maintenance, real estate taxes, and building insurance. The company has a well-diversified portfolio of operationally critical warehouse, industrial, retail, and other properties across the U.S. and Europe.
The REIT's portfolio produces a lot of stable rental income. That enables it to pay a lucrative dividend yielding 6.3%. Here's a look at whether investors should buy, sell, or hold shares of this high-yielding REIT.
W.P. Carey has been going through a bit of a transitional period. In late 2023, the REIT made the strategic decision to exit the troubled office sector. It spun off a portion of its office properties to shareholders in late 2023 by forming office REIT Net Lease Office Properties. It subsequently sold the rest of its office portfolio.
