Real estate investment trust (REIT) W.P. Carey (NYSE: WPC) welcomed 2024 with a dividend cut. The big problem with W.P. Carey today for most investors is the dividend cut at the start of 2024. Although it was driven by the decision to sell its office property holdings (16% of rents at the time), a move that left the REIT with little choice but to reset the dividend lower, it was something of a surprise to investors.
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