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Industrial-Logistics-Properties  on September 21, 2023


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W. P. Carey: Dividend Gets Whacked (NYSE:WPC) - Seeking Alpha

W. P. Carey Inc. (NYSE:WPC) is a high-quality real estate investment trust, or REIT, with a positive track record. The company has become a Dividend Aristocrat over the last year, but that status will be pretty short-lived: The company announced a strategic repositioning including the spin-off of some office properties, and in the same presentation/release, the company stated that the dividend would be "reset" to a lower level. While the dividend yield should still be attractive going forward, the dividend growth track record will be destroyed -- investors won't like that.

seekingalpha.com     Sep 21, 2023