WPC - 2 REITs Attractively Priced With Well-Covered Growing Dividends Not Named Realty Income
2024-07-06 07:30:00 ET
Summary
- NNN REIT offers a well-covered dividend with potential for growth, outperforming Realty Income in total returns over the past 5 years.
- W.P. Carey, despite a reduction in dividend, remains solid with strong fundamentals and potential for growth, offering an attractive entry point.
- Both NNN REIT and W.P. Carey trade at attractive valuations with strong upside potential and well-covered dividends for passive income investors.
- NNN REIT has a similar net debt to EBITDA of 5.5x to Realty Income, while WPC's ls slightly lower than both at 5.3x.
- Both REITs also offer strong upside over the next year and a half at 31% and 28.52% respectively.
Introduction
As a longtime reader, and analyst here on Seeking Alpha, I can relate to readers when they mention the abundance of articles praising fan favorite, Realty Income ( O ). The stock is one of the most popular REITs here on the platform and for good reason....
2 REITs Attractively Priced With Well-Covered, Growing Dividends Not Named Realty Income