2024-03-25 13:29:44 ET
Summary
- WPC has made significant progress on its Office Sale Program.
- The REIT has close to $1.5 billion to spend on acquisitions in 2024 at great prices (cap rates of 7-8%).
- I present my outlook and upgrade the stock to a BUY.
Dear readers,
W. P. Carey ( WPC ) is a diversified REIT which was on a roller coaster last year as it went from being regarded as one of the highest quality REITs out there with a top notch management team to being hated because of management's poorly communicated decision to spin-off the majority of their office assets....
Read the full article on Seeking Alpha
For further details see:
W. P. Carey: 6.2% Dividend Yield And 30% Potential Upside Once Office Sale Is Finalized