W. P. Carey has faced a 12% decline in value so far this year, but the REIT completed its portfolio restructuring.
I previously recommended WPC as a strong buy due to its successful restructuring, low valuation, and potential for growth in industrial and warehouse properties.
With two consecutive quarters of adjusted FFO and four quarters of dividend growth, the Company is poised for a breakout.
Rental income and adjusted FFO growth, as well as high occupancy, indicate strong portfolio fundamentals.
Despite risks from selling non-core assets, W. P. Carey’s strong dividend coverage and restructured portfolio position it well for future acquisitions and growth.
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