W. P. Carey

W.P. Carey, Inc. operates as a real estate investment trust. It operates through two segment: Real Estate Ownership and Investment Management. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for the real estate investment trusts, and manages portfolios of real estate investments. The company was founded by William Polk Carey in 1973 and is headquartered in New York, NY.

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W. P. Carey reports robust 2022 performance and eyes growth opportunities

W. P. Carey delivered strong financial performance in 2022, marked by real estate AFFO growth and solid rent increases, positioning the company for continued success.
Despite facing challenges such as historical performance drag on AFFO and maturing mortgages, the company's strong capital position and strategic initiatives mitigate risks.
With opportunities in higher investment volume, robust sale-leaseback market, and favorable leverage levels, W. P. Carey is poised for growth and value creation.

W. P. Carey reports robust Q1 performance amidst market challenges

W. P. Carey's Q1 2023 performance showcased strong investment activity, solid AFFO, and prudent portfolio management amidst market challenges and opportunities.
The company's strengths lie in portfolio resilience, capital raising activities, and effective risk management strategies, positioning it for continued growth.
While facing challenges such as office exposure and tenant-specific issues, W. P. Carey can leverage opportunities in European markets, portfolio expansion, and redevelopment projects for future success.

W. P. Carey excels in Q2 with strong investments and rent growth, eyes Lineage's IPO for growth

W. P. Carey's Q2 performance reflects strength in investments, rent growth, and stable collections. While facing challenges such as lease expirations and market uncertainties, the company is well-positioned to capitalize on opportunities like Lineage's IPO and strategic investments. Overall, W. P. Carey's resilience and strategic focus underpin its growth trajectory in the net lease sector.

W. P. Carey progresses in office exit plan, eyes growth opportunities

W. P. Carey is successfully executing its strategic plan to exit office properties, expecting enhanced cash flows and growth post-exit. Despite challenges from lowered guidance and market volatility, the company sees opportunities in diversification and European deals.

W. P. Carey reports strong earnings, eyes market opportunities in 2024

W. P. Carey's performance in Q4 2023 and full year was impacted by successful office exit strategy and strong balance sheet.
The company is capitalizing on opportunities in the market with a focus on sale-leasebacks and a robust pipeline of potential deals.
Challenges include tenant-specific impacts and industrial downsizing, but proactive measures are being taken to address these issues.
Overall, W. P. Carey is well-positioned to navigate the current market conditions and drive growth through strategic investments and asset management.

W. P. Carey reports Q1 AFFO of $1.14 per share, maintains strong investment activity

W. P. Carey's Q1 performance was impacted by office strategy and lease restructuring. Despite challenges in rent growth, the company maintains a strong investment pipeline and attractive sale leaseback opportunities. Analysts are focused on capital strategy, tenant issues, and credit evaluations.

W. P. Carey posts robust Q3 results, eyes growth opportunities

W. P. Carey's Q3 results reflect financial strength and strategic resilience amidst market challenges.
The company's proactive approach to investments and tenant concerns positions it well for future growth.
Despite challenges like tenant credit risks, W. P. Carey's diversified portfolio and operational efficiency support stability.

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W.P. Carey, Inc. is a real estate investment trust, which engages in the business of investing in a diversified portfolio of high-quality, mission-critical assets subject to long-term net leases with built-in rent escalators for the purpose of generating stable cash flows enabling to grow dividend and increase long-term stockholder value. It operates under the Real Estate and Investment Management segments. The Real Estate segment focuses on owning and investing in commercial real estate properties. The Investment Management segment includes structuring and negotiating investments and debt placement transactions for real estate investment trusts and managing portfolios of real estate investments. The company was founded by William Polk Carey in 1973 and is headquartered in New York, NY.

W. P. Carey has recovered its losses since announcing its office spinoff and dividend reduction. The company has higher exposure to industrial and warehouse properties than peers, leading to stronger same store sales growth. I expect the stock to re-rate higher as management completes the sale of the remaining office properties next year.

W. P. Carey: The Bulls Have Been Validated, But There's More Upside Ahead

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Revolver Maturity Extended to 2029 and Upsized to $2 Billion Existing €215 million and £270 million Term Loan Maturities Also Extended to 2028 NEW YORK , Dec. 14, 2023 /PRNewswire/ -- W. P. Carey Inc. (W.

W. P. Carey Announces Unsecured Revolving Credit Facility Extended and Upsized

W.P. Carey is cutting its dividend by nearly 20%. It needed to reduce the payout after jettisoning its office properties.

This Once Magnificent Dividend Stock Is Still an Attractive Income Investment

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Reflects Company's Strategic Exit from Office NEW YORK , Dec. 7, 2023  /PRNewswire/ -- W. P. Carey Inc. (W.

W. P. Carey Announces Quarterly Dividend of $0.860 per Share

W. P. Carey completed the spin off of its office REIT. The company provided a glimpse into 2024.

Why W. P. Carey Stock Rebounded 16% in November

Lineage Logistics is considering an IPO. The deal would enable its existing shareholders to cash in.

This $30 Billion IPO Could Provide a Big Boost to This High-Yield Dividend Stock

W. P. Carey irked income investors with a spinoff and a lower dividend percentage, causing the stock price to decline. Despite the decline, the company has investment grade rated debt and better prospects after the spinoff. Management needs to fulfill promises with business growth and market revaluation. If that happens, the stock has the potential for a bigger total return.

W. P. Carey: What Happens After Stock Decline

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Carlyle Group and WP Carey Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

Agree Realty

REITs are priced at their lowest valuations in years. Net lease REITs are particularly cheap, despite enjoying steady growth. We highlight three of our Top Picks for 2024.

3 Top REIT Picks For 2024

REIT W.P. Carey owns a globally diversified collection of net lease properties. Management just decided to make a dramatic exit from the office property sector.

3 Things You Need to Know if You Buy W.P. Carey Today

Interestingly, the WPC management's de-risking path through asset divestiture, reduced investment target, and deleveraging is one that is drastically different from Realty Income, O. While O's dividends appear to be safe, WPC's strategy may be more prudent during this uncertain macroeconomic condition, especially since it is unknown when the Fed may pivot. The combination of the divestiture net proceeds and the reduced dividend payouts may allow WPC to pay down its debts, with $1.47B maturing over the next two years.

W. P. Carey: The Prudent REIT In An Elevated Interest Rate Environment

W.P. Carey's accelerated exit from the office sector will have a meaningful near-term impact on its earnings and dividend. The REIT believes the decision will pay off over the long run.

Despite an Upcoming Payout Reset, This High-Yielding Dividend Stock Is a Top Buy for Income and Upside

W.P. Carey's core real estate business performed well in Q3, indicating the market may be too bearish on the REIT. The spin-off of its office real estate portfolio repelled dividend investors, but it presents a turnaround investment opportunity. W.P. Carey's estimated new AFFO guidance suggests undervaluation and rebound potential for its shares.

W.P. Carey: Deep Value Despite Dividend Reset

W. P. Carey Inc. is a REIT with a market capitalization of $12 billion and a diversified portfolio of 1,472 net lease properties comprising ~179 million square feet. Compared to other peers, WPC's total return got really obliterated YTD, already falling by more than -28%. Should investors buy the dip? Read on. I think WPC's actions to divest office assets seem justified, albeit too radical, which has had a big impact on shareholder value in recent months.

W. P. Carey May Go Even Lower

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Inflation appears to be cooling; it came in lower than what was expected by many economists. This lifts the chances of the Federal Reserve curbing its recent habit of raising key interest rates.

Why REITs Like Realty Income and American Tower Blasted Higher Today

Net Lease Office Properties is a spinoff of office assets from W.P. Carey and now trades under its own ticker symbol. NLOP has $141 million of annual base rent from mostly investment-grade tenants. NLOP has a strong balance sheet with $1.45 billion in properties and $624 million in debt, and its properties are fully occupied with a weighted average remaining lease term of 5.7 years.

W.P. Carey's Spinoff Net Lease Office Properties: The Deepest Of Deep Value

W. P. Carey's spin-off of Net Lease Office Properties has destroyed shareholder value for WPC and left long-term investors scarred. WPC shareholders are now proud recipients of a bouncing baby called NLOP. We examine the setup for NLOP and estimate a starting FFO multiple.

Net Lease Office Properties: A First Look At The W. P. Carey Spin-Off

W. P. Carey plans to spin off its office real estate portfolio, leading to a lower AFFO outlook for 2024. The updated dividend policy will pay out 70-75% of pro forma AFFO, resulting in a leading dividend yield of 6.0-6.5%. Despite the lower dividend, W. P. Carey remains an attractive investment with a cheap valuation based on 2024 AFFO.

W. P. Carey: Great Value Even After Dividend Cut

WPC previously enjoyed a reputation as a very stable, defensive, and slightly growing high yield stock. However, investors have been let down by management in the form of an impending 20% dividend cut. We look at two other ways in which WPC management is mistreating shareholders through its accelerated exit from office.

20% Dividend Cut Alert: W. P. Carey Is Putting Lipstick On A Pig

W. P. Carey Inc. stock fell to lows last seen in May 2020, as investors worry about higher execution risks, given its recent office assets' spinoff. The market wants to know whether W. P. Carey can recover its AFFO per share in time, given the uncertain macroeconomic headwinds as it looks to reinvest its proceeds. Management adjusted its FY24 AFFO guidance, and investors must manage potential dilution from divestments through 2024. WPC also recalibrated its dividend payout ratio.

W. P. Carey: Shares Plunge To A Three-Year Low, Unveiling My 'Strong Buy'

W.P. Carey's acquisition pace slowed during the third quarter due to higher interest rates. The company's accelerated exit from the office sector and other asset sales will weigh on its earnings next year.

This High-Yield Dividend Stock Has Hit a Speed Bump -- but Sees Better Days Ahead

We were short the REIT space for many months, and recently started warming up to select names. A questionable spinoff of WPC's office assets into Net Lease Office Properties and sales of the remaining office properties will provide a cash influx. There is no evidence of how this spinoff really benefits shareholders.

W.P. Carey Absolutely Clobbers Investors

W. P. Carey Inc. (WPC) Q3 2023 Earnings Call Transcript

News for W. P. Carey Stock (WPC)