W.P. Carey's Dividend Policy Is Nothing But A Big Hunk O' Love
Published Apr 1, 2013 on Seeking Alpha

As the Triple-Net sector is seeing an abundant supply of low cost debt and equity, the demand for public REITs is at an all-time high. Of course driving the strong demand is a surge in non-traded REIT liquidity events - or planned public mergers - that is leading to a consolidation wave in the predictable cash flow sector. We have witnessed first-hand the recent Triple-Net REIT merger transactions that include the roll-up of American Realty Capital Trust (formerly ARCT) and Realty Income (O), as well as the more recent combination of American Realty Capital Properties (ARCP) and American Realty Capital Trust III (ARCT3). Several other announced mergers include Spirit Realty Capital (SRC) and Cole Credit Property Trust II (CCPT2), as well as the latest proposed merger of Cole Holdings and Cole Credit Property Trust III (CCPT3). I discussed the evolutionary... Read more