Why W. P. Carey Is a Dividend Investor's Dream
There's no such thing as a perfect stock, but W.P. Carey (NYSE: WPC) is one of those companies that has proven its mettle in good times and bad. If you are a dividend investor looking for a long-term holding, you need to do a deep dive on this real estate investment trust (REIT). Here are a few reasons why this landlord could help your dividend dreams come true.
W.P. Carey is a real estate investment trust, but it specifically invests in net-lease assets. This is a unique niche of the property market in which an REIT owns properties, but its tenants are responsible for most of the upkeep costs. Lease lengths tend to be long, and there are usually automatic rent escalations built into the agreements. It's generally considered a low-risk approach in the broader REIT sector, with W.P. Carey making the difference between its cost of capital and the rents it charges.
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Source Fool.com
