Is W.P. Carey Stock a Buy?
Investors who are concerned about the possibility that their investments may be completely depleted before they pass away should consider the income investing strategy. Rather than having to sell your portfolio to fund your lifestyle, income investing can provide you with a steady stream of cash flow to pay your bills.
Having raised its dividend paid to shareholders for 26 consecutive years, the real estate investment trust (REIT) W.P. Carey (NYSE: WPC) has been a reliable investment for yield-focused investors. But should income investors buy the stock and its big dividend yield? Let's dive into W.P. Carey's fundamentals and valuation to get an answer.
W.P. Carey is a net lease REIT that specializes in sale-leaseback transactions. This means that the REIT purchases properties from businesses and releases them to the same businesses on 10-plus-year lease terms with annual rent escalators mostly linked to inflation. W.P. Carey focuses on single-tenant properties with purchase prices in the range of $5 million to $500 million.
Source Fool.com
