W. P. Carey Inc. Stock News

W.P. Carey has adjusted well to the shrunken need for office space following the pandemic. AT&T is adding heaps of broadband subscribers and retaining its mobile internet subscribers.

Bank of Nova Scotia is a North American banking giant that's just expanded its reach in a very important market. W.P. Carey disappointed investors with a dividend cut, but it was really more of a rest when you take a closer look.

After a dividend cut, net lease REIT W.P. Carey has already started increasing its dividend again.

I discuss which areas of the market are most opportunistic for generating high yield income right now. I share some of my top picks within those sectors. I also share how I would deploy $100,000 of new money across those opportunities in September 2024.

Although inflation in the United States seems to be cooling, the rate remains stubbornly high, still above the Federal Reserve's target of below 2%.

W. P. Carey Inc. spun off its office properties, resulting in a streamlined portfolio with a safe 6% dividend yield. The REIT covered its $0.87 per share dividend with funds from operations, boasting a lower dividend pay-out ratio post-spinoff. Despite a YoY decline in AFFO, W. P. Carey is positioned for future growth, with a well-leased portfolio and moderate AFFO multiple.

W.P. Carey offers a dividend yield of nearly 6%. The REIT owns a high-quality portfolio of income-producing real estate.

The global net lease sector's total addressable market opportunity is estimated around $14 trillion. Net lease real estate produces very stable rental income.