1 Reason I'll Never Sell W.P. Carey
It would be easy to point to W.P. Carey's (NYSE: WPC) recent dividend increase as the reason why investors would never want to sell the company. That hike is a sign of strength at a time when many other real estate investment trusts (REITs) are being forced to cut their disbursements. And it adds to an annual streak that's over two decades long.
But that's really just a byproduct of a much more important feature here.
Roughly 60 or so real estate investment trusts have cut their dividends so far in 2020, largely because of COVID-19. The impact of this global pandemic has exposed the inherent weakness in many REIT business models. But at the same time, it is also highlighting the companies that have created better models, ones that are robust to adversity.
Source Fool.com
