Realty Income's shares have hit a one-year low, but the REIT's strong operating performance, dividend coverage, and diverse real estate portfolio make it an attractive investment with a 5.6% dividend yield.
REIT investors should focus on companies with fortress balance sheets, well-laddered debt maturity profiles, and distant lease terms to protect dividends and ensure stability in a higher interest rate environment.
Real estate investment trust (REIT) W.P. Carey plans to exit the office sector by selling over half of its office properties and spinning off the rest into a separate publicly traded REIT, in a move aimed at improving its growth profile and capital costs amid declining office occupancy rates.
