W. P. Carey: Office Market Exit Creates Growth Potential [Seeking Alpha]
Net Lease Office Properties Common Shares of Beneficial Interest (NLOP)
Company Research
Source: Seeking Alpha
The company's exit plan from the office market is expected to rekindle growth and strengthen its balance sheet. In the meantime, its valuation metrics suggest an attractive buying opportunity with a potential discount. The current high dividend yield (7%+) adds the icing on the cake. Looking for a helping hand in the market? Members of Envision Early Retirement get exclusive ideas and guidance to navigate any climate. Learn More » WPC has disappointed investors It is an understatement to say that W. P. Carey NYSE: WPC ) has been disappointed in recent years. The chart below shows the total return on WPC stock over the past 5 years. As seen, the total return has been a negative 7.67%. To add insult to injury, the overall equity market had some of the best total returns during this period. The key issues in my mind are twofold. First, the macroeconomic conditions have not been the best for REIT over the past few years, especially the sharp increase in borrowing rates (more on
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Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 10-Q
- 4/5/24 - Form SC
- NLOP's page on the SEC website