W. P. Carey & Co. LLC (WPC)

[OldAIMGuy]

Careful Share Inventory Management has added nicely to the total return in WPC.



W.P. Carey (WPC) has been in my "Sandbox Stocks" portfolio for several years now. It's a contributor to cash flow via a dividend of around 6%/yr. It was also chosen, being a REIT, as a place to have some anti-inflation hedge and some slow growth. In other words, Total Return. The histogram shows how it's gone so far.

It's not a hyper trader, but as you see, it's opportunistically been traded. Generally the method is trading the appropriate way on the appropriate side of the 26 Week Moving Average. It has done an excellent job of managing Cash Reserves through time while picking off trades at nice inflection points. Yesterday was the first time it's added shares since Fall of 2020. Two subsequent sales kept the Cash Reserve near my ceiling target of 20% of investment +cash value. Note that the dividends are NOT included in the displayed cash level. Those levels are just from the trades.

As of this latest trade, there are more shares in this holding than were purchased at the Start (+16% more shares). Cash Reserve (exclusive of dividends) is 50% higher than the start.

Total Return = Price Appreciation over time + Dividend Capture over time + Profitable Volatility Capture over time.

OAG Tom