Last year was a transitional period for W.P. Carey (WPC -1.64%). The diversified real estate investment trust (REIT) spent the latter part of 2023 and the first few months of last year tearing out parts of its portfolio as it exited the office sector and sold off other non-core properties. It used those proceeds to rebuild its portfolio throughout the year, investing a total of $1.6 billion into new properties. Those deals enabled the REIT to slowly rebuild its dividend (it raised its payout four times last ...