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bar1080

09/22/23 6:15 AM

#15 RE: OldAIMGuy #14

"Careful Share Inventory Management has added nicely to the total return." No comment on the severe meltdown amid higher inflation?

Interesting changes going on at troubled WPC.

bar1080

09/22/23 6:31 AM

#16 RE: OldAIMGuy #14

WPC cuts dividend and dumps office holdings.

"Getting Rid Of Office Properties
W. P. Carey is a real estate investment trust that invests in triple-net leased properties. These are oftentimes acquired in sale-leaseback transactions and have oftentimes very long lease terms and attractive escalators, in many cases inflation-linked (sometimes with a cap). Long lease terms and locked-in escalators are attractive, and the triple-net lease business model is attractive as well, as the tenant is responsible for higher expenses when it comes to taxes, insurance, and so on. These expenses have been rising due to inflation and other factors, but W. P. Carey was insulated from these headwinds."

https://seekingalpha.com/article/4636561-w-p-carey-dividend-gets-whacked