Want to Make Some More Money? This 5.5%-Yielding Dividend Stock Could Provide You With Lots Of Passive Income.

Core Viewpoint - W.P. Carey is positioned as an attractive option for generating passive income through its robust real estate portfolio and consistent dividend growth [2][10]. Company Overview - W.P. Carey is one of the largest net lease REITs, focusing on long-term leases that require tenants to cover all operating costs [3]. - The company owns nearly 1,300 high-quality properties across North America and Europe, including warehouses, industrial, and retail spaces, as well as 89 self-storage properties [4]. Financial Performance - The REIT expects to generate adjusted funds from operations (FFO) between $4.63 and $4.73 per share this year, which comfortably covers its quarterly dividend payment of $0.87 per share [5]. - The dividend payout ratio is less than 75% of adjusted FFO, providing financial flexibility for new investments [6]. Growth Strategy - W.P. Carey plans to invest between $1.25 billion and $1.75 billion in new properties this year, having already secured $641 million in new investments by the end of July [8]. - The company is also involved in redevelopment and expansion projects, with $38 million in active capital investments scheduled for completion this year [8]. Dividend Outlook - The REIT has raised its dividend payout twice this year and expects to continue increasing it in line with adjusted FFO growth [9].