Justin Paget The Federal Reserve's efforts to substantially increase interest rates over the last several years caused a major reset for valuations in the REIT industry. This was a logical reaction as increased financing costs can reduce returns and increase the hurdle rate for real estate assets, as investments such as bonds become more attractive at the higher yields. W. P. Carey (NYSE:WPC) is a diversified REIT with a stellar track record that has come under major fire from investors for surprising the m ...