After 24 consecutive annual dividend increases, W.P. Carey (WPC 1.81%) did something that seemed unthinkable -- it cut its dividend by 20%. That decision, which was made in 2023 but impacted the first dividend in 2024, has resulted in dividend investors avoiding this net lease real estate investment trust (REIT).That could be a buying opportunity if you have $1,000 or $100,000 to invest right now. Here's what you need to know.What did W.P. Carey do?At its core, W.P. Carey uses the fairly simple net lease ap ...

If you're looking for a way to quickly boost the amount of passive income flowing into your accounts, I have great news. there's a highly reliable dividend payer that's being treated as if it's having trouble making ends meet.Shares of W.P. Carey (WPC 1.36%) have fallen about 40% from the peak it reached in 2019. At its beaten-down price, the real estate investment trust offers investors a 6.6% yield.Let's weigh some reasons it's getting beaten down against its strong points to see if it's a smart stock to ...

Shares of W.P. Carey (WPC -1.64%) declined 15.9% in 2024, according to data from S&P Global Market Intelligence. That significantly underperformed the S&P 500, which gained 23.3% on the year. Here's a look at what weighed on the diversified REIT last year and whether it can bounce back in 2025.Tearing down to build back betterW.P. Carey made a major strategy shift in late 2023. The REIT decided to exit the challenging office sector by spinning off and selling its office portfolio. As a result of that move a ...

Portfolio Acquisitions and Investments - The company spent $200 million to acquire 106 discount retail properties across 21 states, leased to Dollar General, with a weighted-average remaining lease term of 14.3 years and built-in rent escalation [1] - It plans to purchase nine additional stores in Q1 2024 for around $20 million [1] - The company acquired a 1.1 million-square-foot U.S. battery factory leased to Canadian Solar for $100 million, with a 12.4-year NNN lease and rent escalation clause [1] - It completed a $100 million sale-leaseback of a five-building manufacturing and industrial campus in Mexico, totaling 1.1 million square feet, with a 25-year NNN lease and rent escalators [1] - The company purchased a 209,000-square-foot U.S. data center leased to a Brookfield Infrastructure subsidiary for $100 million, with an 11.1-year NNN lease and rent escalators [1] Portfolio Restructuring and Strategy - The company spent much of 2023 remodeling its portfolio by removing offices and non-core properties, allowing it to upgrade to higher-quality properties with better long-term prospects [3] - It exited the office sector and sold off other non-core properties, using the proceeds to invest $1.6 billion in new properties [5] - The company focused on industrial real estate (60% of investment volume) and retail properties (30%), with 75% of investments in North America and 25% in Europe [8] - It achieved a strong initial real estate cap rate of 7.5%, with an average yield of around 9% when factoring in rent growth over the lease terms [8] Financial Performance and Dividend Growth - The company raised its dividend four times in 2023, with a current yield of nearly 6.5%, and is poised for further growth in 2025 due to new investments and growth drivers [6] - It ended 2024 with a total investment volume of $1.6 billion, within its guidance range of $1.25 billion to $1.75 billion, and a record Q4 investment volume of $845 million [7] - The company's strong finish in 2024 positions it to grow its adjusted funds from operations (FFO) and dividend in 2025, supported by best-in-class rent escalation [9] Liquidity and Future Investment Potential - The company has substantial liquidity from selling off its office portfolio and other non-core properties, enabling it to continue making accretive acquisitions without issuing additional stock [2][10] - It holds other non-core properties, including 78 self-storage centers, four hotels, and two student housing properties, as well as a stake in cold storage REIT Lineage Logistics, which could be liquidated [11] - The company is well-positioned to continue making investments in 2025, leveraging its strong liquidity and portfolio restructuring efforts [10]

Includes Record Fourth-Quarter Investment Volume of $845 Million NEW YORK, Jan. 8, 2025 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced investment volume for the 2024 full year of approximately $1.6 billion at a weighted-average initial cap rate of approximately 7.5% and an average yield of approximately 9% (which reflects contractual rent e ...

W. P. Carey (NYSE: WPC ) is likely a REIT that needs no introduction. The company angered many investors when they raised and quickly cut the dividend in late 2023 from $1.07 to $0.86.Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran w ...

Founded in 1973, W. P. Carey (NYSE: WPC ) is one of the largest net lease REITs that focuses on investing for the long run , as stated on the front page of its own website. The companyI'm Luuk Wierenga, an economics teacher from the Netherlands with a strong focus on income investing. My investment journey began during COVID-19, and since then, I've specialized in identifying high-yield Real Estate Investment Trusts (REITS) that provide stable passive income. As an educator, I apply fundamental economic ins ...

Shares of W. P. Carey (NYSE: WPC ) have not had a great year in 2024: with the year coming to a close and only about two weeks left to go, an investment in W. P. Carey lost 12% in valueI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitcoin, Tesla, Google, Amazon and Nvidia.Analyst’s Disclosure: I/we have a beneficial long position in the shar ...

W. P. Carey (WPC 2.10%) has an interesting dividend track record. The real estate investment trust (REIT) had delivered a quarter-century of steady dividend growth until last year. However, that streak abruptly ended when the REIT made the difficult decision to exit the troubled office sector and reset its payment in the process. The company has spent the past year rebuilding its portfolio and shareholder payout. It has gotten back on a growth trajectory, having increased its dividend every quarter in 2024 ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...