Why Is W. P. Carey's Dividend So High?

W. P. Carey (NYSE: WPC) is one of the largest net lease real estate investment trusts (REITs) around, second only to industry giant Realty Income (NYSE: O) in market cap. And yet W. P. Carey doesn't get nearly the same investor respect (as measured by stock price performance).

W. P. Carey's 5.7% dividend yield is materially above the 4.9% on offer from Realty Income, and both companies have decades of annual dividend increases under their belts. But year-to-date, Realty Income stock is down 1.7% compared to W. P. Carey's 7% drop. The market seems to be missing the fact that W. P. Carey is executing incredibly well right now.

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Source Fool.com