W. P. Carey: Adequate But Not Attractive Dividend

Company Overview - W. P. Carey (NYSE: WPC) is a Real Estate Investment Trust (REIT) known for its diversified commercial real estate portfolio, which includes industrial, warehouse, retail, and office properties [1]. Dividend Strategy - The company has implemented a dividend cut that began in 2023 and continued into 2024, indicating a shift in its financial strategy [1]. Investment Philosophy - The investment approach emphasizes long-term ownership of stocks rather than short-term price predictions, focusing on valuations rather than target prices [1]. - The company has transitioned from issuing many Sell recommendations to a simplified approach of "Buy or Don't Buy," with future articles likely to be categorized as Buy or Hold [1].