W.P. Carey: Buy, Sell, or Hold?
Real estate investment trust (REIT) W.P. Carey (NYSE: WPC) welcomed 2024 with a dividend cut. Definitely not the most auspicious start. It started 2025 by announcing that it had achieved record transaction volumes in the final quarter of 2024, effectively ending that year on a solid note and starting the new year in a much more positive way. But is this turnaround story worth buying today, or should investors wait for more improvement before stepping aboard?
The big problem with W.P. Carey today for most investors is the dividend cut at the start of 2024. Although it was driven by the decision to sell its office property holdings (16% of rents at the time), a move that left the REIT with little choice but to reset the dividend lower, it was something of a surprise to investors. Understandably, many dividend investors see a dividend cut and put a company into the "un-investable" category. If that's your position, you won't want to own W.P. Carey.
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Source Fool.com
