W. P. Carey Inc.
WPC
WPC Fair Price
My Notes
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I have and will continue to hold the shares, I sold the NLOP ones right away. The offices are passé for me. Otherwise the outlook is not too glorious but it will take a while to stabilize. I'm not buying any more now and as Mark writes, I'm also watching it though and would possibly overbought, we'll see. 😊
Investors, which REITs are included in your portfolio?
REITs are down quite a bit this year, so I've been adding shares of $O and $VICI and plan to take a closer look at $WPC. Shares of $O even got below $50 last month so I overbought, but the price is still great for me so I'll be overbought some more this month.
$WPC is down more than 7% today on news that the board has approved a plan to exit office assets within its portfolio.
This plan includes:
1) Spin-off into a separate publicly traded REIT, with 59 office properties to be transferred to Net Lease Office Properties (NLOP).
2) Sale of office assets: 87 office properties will remain owned by $WPC and will be sold by January 2024.
The...
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I was very interested in WPC. However, I have mixed feelings about this news and will wait a while to buy.
I came across a REIT that I found very interesting. REIT $WPC is currently at a very low price and the stock is very undervalued for me, as I see the fair price of the stock somewhere between $85-$90 and a very similar fair price for the stock is shown by the Bulios indicator. I see potential in this company and I believe the stock will start to grow and as a bonus there is a...
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The companies you listed have been on sale for a long time. I guess I'm fine with this situation, I'll just keep shopping cheap. I bought another $PFE today. Thanks for the recap!
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I've been adding more recently, but only a little to dilute it. Now I'm waiting too because as you say as long as rates keep going up, it's just bad for the reit industry there's probably still room for a fall. Otherwise $O is such a classic I have and it will definitely be the biggest position still in that sector for me. And then $WPC I also have and I'll be adding there too, but I'm watching for now.
Hi, I have exactly these three companies as well and buy relatively regularly. 😊