W.P. Carey: Buy, Sell, or Hold?
It's been a tough couple of years for companies owning and operating commercial real estate properties. Rising interest rates have led to growing refinancing costs for those in the industry, with specific property types under intense pressure.
One commercial real estate investment trust (REIT) navigating these challenging times is W.P. Carey (NYSE: WPC). W.P. Carey is one of the largest REITs in the U.S. and is known for its long history of growing its dividend payout. However, that 26-year streak recently ended as the company strategically decided to shore up its balance sheet and look toward a better future.
While investors don't like to see a dividend payment cut, in W.P. Carey's case, the move could be the best for its long-term growth prospects. Here's what you need to know.
Source Fool.com
