Recent Buy: W.P. Carey Inc.

Having taken a sizable loan from the Atypical Fund to finance a second graduate degree, I am very motivated to get the dividend snowball rolling again.  Now that I am in a position to start paying back that loan and channeling more money into this fund, I am eager to start getting my money back to working for me through investing in solid, dividend paying companies that will provide me with passive income, which over time, may help with the costs of raising a child with autism.

While I was considering the instant diversity that an ETF provides, I knew that a higher dividend yield would ultimately help me to get that snowball moving a little quicker.  So, with that being said:
I purchased 39 shares of W.P. Carey Inc. (WPC) on 1/12/17 for $60.67 per share.

W.P. Carey Inc. is a global real estate investment trust that provides services including long-term sale-leaseback and build-to-suit financing solutions.

As of September 2016, the company has 222 tenants across 910 properties in almost 20 countries. The occupancy rate is 99.4%, while the average lease term is 9.1 years.

They operate in two segments: Real Estate Ownership (71% of fiscal year 2014 revenue) and Investment Management (29%).

The companies included in W.P. Carey's portfolio are diversified by geography, property type, and industry so that risk may be mitigated and not impacted by any one industry, tenant, region, or property type.

The outlook across the board is excellent.  Brad Thomas recently analyzed the company's fundamentals here, and Jason Fieber, a dividend-growth investing guru, has both analyzed and written about his purchases of WPC shares here.

This purchase adds $154.44 to my annual dividend income, based on the current dividend of $3.96 per year,  paid at $0.99 per quarter.  That is a huge boost to the relaunched portfolio, and the purchase sets me well ahead of pace on my 2017 goals!

While this purchase adds another REIT to my young fund, the long record of increasing dividends outweighs, for me, my lack of diversification.  That diversification will naturally and organically occur over time and with future purchases.

What do you think of WPC?  Is it something that you hold?

Thank you for reading, and good luck!

Disclosure: Long WPC

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