There's no question that Agree has rewarded investors well over the past decade or so. The net lease real estate investment trust (REIT) has increased its portfolio from 130 properties at the end of 2013 to over 2,100 at the end of the first quarter of 2024. Gearing up for growth at W.P. Carey That said, the portfolio overhaul (including some other asset sales) will leave W.P. Carey with around $2.8 billion worth of investment capacity. That will allow the REIT to start growing again. That external growth w ...