W.P. Carey: A 6%-Yielding REIT Growth Play
WPCW. P. Carey(WPC) Seeking Alpha·2024-09-10 22:03
DNY59/E+ via Getty Images Shares of W. P. Carey (NYSE:WPC) trade at a very attractive 6% yield, and the REIT seems primed to return to a period of growth in its key metrics after it strategically repositioned its portfolio in the last several quarters. The REIT completed its office divestment program in Q2'24 and is, at the same time, aggressively investing in replacement properties that generate rental income for W. P. Carey. The REIT supported its dividend with funds from operations in Q2’24 and raise ...