2024-02-21 07:23:37 ET
Summary
- W. P. Carey is making progress in repositioning its real estate portfolio, despite the impact of higher interest rates on its adjusted funds from operations.
- Passive income investors are holding a grudge against W. P. Carey's management due to a dividend cut and office divestment program announced last year.
- W. P. Carey's office disposition program is progressing, and the trust is looking to buy up to $2 billion in properties this year.
Earnings for W. P. Carey Inc. (WPC) last week showed that the real estate investment trust is making progress repositioning its real estate portfolio....
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W. P. Carey: Don't Hold A Grudge, Buy The Drop And Lock In A 6% Yield