W. P. Carey: The Good And The Bad Still Equal A 'Buy'

  • W. P. Carey's strengths include a high occupancy rate of 98.6%, long weighted average lease terms, and diversified portfolio mitigating operating risks. Key risks involve tenant issues, significant European exposure, and upcoming debt maturities, likely leading to higher refinancing costs. Despite these risks, WPC's total return potential remains attractive, with a wide margin of safety, though expect some volatility ahead.