Worried About Another Market Crash? Buy W.P. Carey
The market crash in the first half of 2020, driven by fears surrounding COVID-19, was shockingly fast, as was the recovery. Now, with the market up near all-time highs again, investors would do well to prepare for the next downturn before it hits.
A good way to start is by considering real estate investment trust W.P. Carey (NYSE: WPC) for your portfolio. Here's why.
The most interesting thing about W.P. Carey's operating performance so far in 2020 is its resiliency. While many real estate investment trust peers were reporting that rent collection rates had tumbled, Carey was basically explaining to investors how strong its collections were. To put some numbers on that, at the worst of the COVID-19 hit in April, peer National Retail Properties (NYSE: NNN) collected just 52% of its rents. At the same time, W.P. Carey was collecting around 97% of its rents.
Source Fool.com
