Brief Note on W.P. Carey Disclosures

We see some entertaining changes in what is disclosed in the W.P. Carey (WPC) Q3 earnings call.

In my August 2023 analysis, discussed in W.P. Carey: Execution, Worries, & Foolishness, I sharply criticized their disclosures about tenant health. Beyond that, it seemed that they did no know enough to have anticipated substantial trouble with one of their la…