2024-05-22 08:10:00 ET
Summary
- W. P. Carey's strategic shift away from office assets signals a focus on high-growth industrial properties.
- Despite a 20% dividend cut, the company's resilient 6.3% yield remains attractive to income investors.
- WPC's robust balance sheet and future investment plans highlight its potential as a value and income investment.
W. P. Carey ( WPC ), a leading net lease real estate investment trust, has been making strategic moves that position it as a compelling investment opportunity. Over the past 6-12 months, the company has undergone significant transformations, including the decision to spin off its office portfolio. This strategic exit from office assets, completed in November 2023, has allowed W. P. Carey to focus on its core industrial, warehouse, and retail properties.
News about that decision sent the stock to a 52-week low of just about $50 and the stock struggled to meaningfully and sustainably recover ever since. That decision and the longer than expected high interest rate environment are the leading factors for W. P. Carey's disappointing stock price development....
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Missed The Bottom? W. P. Carey At $60 Is Still A Goldmine For Investors