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home / news releases / WPC - Vereit: One Good Capital Allocation Step At A Time

WPC - Vereit: One Good Capital Allocation Step At A Time

W.P. Carey Inc. REIT
  • VER has been frustrating to hold over the past few years, as progress feels glacially slow and the dividend was cut earlier this year.
  • But as I peruse management's strategic and capital allocation decisions this year and specifically in the third quarter, I can't complain.
  • Industrial properties are slowly growing as a share of the portfolio, while restaurants are diminishing.
  • Debt levels are declining, and management is whittling away at VER's 6.7%-yielding preferred equity.
  • VER shares are still cheap.

For further details see:

Vereit: One Good Capital Allocation Step At A Time
Stock Information
Company Name: W.P. Carey Inc. REIT
Stock Symbol: WPC
Market: NYSE
Website: wpcarey.com
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