Why W.P. Carey Stock Slumped About 16% in 2024

Shares of W.P. Carey (NYSE: WPC) declined 15.9% in 2024, according to data from S&P Global Market Intelligence. That significantly underperformed the S&P 500, which gained 23.3% on the year. Here's a look at what weighed on the diversified REIT last year and whether it can bounce back in 2025.W.P. Carey made a major strategy shift in late 2023. The REIT decided to exit the challenging office sector by spinning off and selling its office portfolio. As a result of that move and a desire to retain additional cash flow for new investments, the company also reset its dividend toward the end of that year. That cut ended a quarter-century of dividend increases. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool