Another big player in the REIT market is W.P. Carey (WPC), a commercial real estate company that leases its properties for profit and advises a number of REITs through its investment management arm. W. P. Carey's management announced a modest dividend last week, raising its payouts 0.4% to 50.6 cents per share -- a sizable 7.29% dividend yield.
That generous yield should come as little surprise to investors. With net margins deep in the double digits, a healthy balance sheet and industry-leading cash flows, this $1.09 billion company manages to make plenty of money for its owners -- and still deliver growth over the long term.
One of those owners is Tom Gayner, who owns a sizable stake in W. P. Carey through the asset management firm that bares his name. Other holdings of Markel Gayner Asset Management include Citigroup (C) and Anheuser-Busch InBev (BUD).
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