2023-04-05 06:15:00 ET
Realty Income (NYSE: O) and W.P. Carey (NYSE: WPC) are two real estate investment trusts (REITs) that live in my portfolio. I like them both, but I have a particular fondness for W.P. Carey. In fact, I would suggest that anyone looking at Realty Income buy W.P. Carey first. Here's why.
Both Realty Income and W.P. Carey are what is known as net lease REITs . That means that their tenants are responsible for most of the operating costs of the properties they occupy. Across a large portfolio this is a fairly low-risk investment approach, given that the tenants end up having to deal with inflationary impacts on things like maintenance and taxes. So from a top-level view, both of these REITs are doing very similar things.
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For further details see:
Before You Buy Realty Income, Here's the Net Lease REIT Stock I'd Buy First