1 Reason I'll Never Sell W.P. Carey
Never is a very long time, but in the case of real estate investment trust (REIT) W.P. Carey (NYSE: WPC), it's a holding period that makes a lot of sense. In fact, the current financial troubles that have ripped through the REIT sector are clear evidence of why Carey stands out from the pack.
Here's a quick look at what that means and how this net lease REIT is different and why its a stock I'll never sell.
You know that diversification is good for your personal portfolio. Well, W.P. Carey is proof that it's also good for companies to have diversified businesses. And that's the reason to buy and hold this real estate investment trust forever. Diversification, however, is just the foundation here; the really wonderful thing about the company is what diversification allows management to do over time. That includes increasing the dividend for 23 consecutive years, even during the COVID-19 pandemic that has forced dozens of other REITs to cut their dividends.
Source Fool.com
