Here's Why W.P. Carey Can Pay You for Years
If there is one thing that companies are always looking for, it is a reliable source of capital. Real estate investment trust (REIT) W.P. Carey (NYSE: WPC) has long focused on being just that to its tenants. Indeed, the company is really much more than a landlord, which is why investors can expect it to pay a handsome dividend for years and years to come.
W.P. Carey is a net lease REIT. This means that it owns single-tenant properties and that its tenants are responsible for most property-level operating costs. Although any single property is high risk because there's just one tenant, across a large portfolio the risk of this approach is fairly low. W.P. Carey owns over 1,440 properties, making it one of the biggest players in the net lease space.
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Source Fool.com
