Investors are staying away from the REIT as it pivots its business, even though it still pays a high-yielding dividend. For the most part, investors prefer for real estate investment trusts (REITs) to operate steadily and predictably. The most popular REITs have been plugging away with business strategies that have remained more or less unchanged for years, even decades. That's not the case with storied REIT W.P. Carey (WPC 2.25%), which is nearing the end of a major transition. The uncertainty created by t ...

Although U.S. stocks closed lower on Tuesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, c ...

Justin Paget The Federal Reserve's efforts to substantially increase interest rates over the last several years caused a major reset for valuations in the REIT industry. This was a logical reaction as increased financing costs can reduce returns and increase the hurdle rate for real estate assets, as investments such as bonds become more attractive at the higher yields. W. P. Carey (NYSE:WPC) is a diversified REIT with a stellar track record that has come under major fire from investors for surprising the m ...

Gift strengthens ongoing partnership with the Foundation and brings lifetime commitment to ASU to more than $100 million TEMPE, Ariz., Aug. 5, 2024 /PRNewswire/ -- The W. P. Carey Foundation (the "Foundation") and Arizona State University's W. P. Carey School of Business are partnering to expand the scope, strength and reach of the school's real estate programs. The Foundation recently committed an additional $25 million to ASU, bringing the W. P. Carey Foundation's lifetime commitment to more than $100 mil ...

NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of W.P. Carey Inc. ("W.P. Carey" or "the Company") (NYSE: WPC). Investors who purchased W.P. Carey securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/WPC. Investigation Details On July 30, 2024, W.P. Carey issued a press release announcing its financial results for the second ...

Core Viewpoint - W.P. Carey is transitioning away from the office market, which is expected to lead to a growing passive income stream as the company focuses on more stable property sectors and rebuilds its portfolio [1][6][9] Group 1: Transition and Strategy - The company made a strategic decision to exit the office market due to ongoing challenges, including higher vacancy rates and necessary capital expenditures [6] - W.P. Carey completed its office sales process in the second quarter, allowing it to focus on growth in the second half of the year [2][9] - The REIT has sold significant assets, including $152.2 million in the second quarter and $889.2 million in the first quarter, to reposition its portfolio [4][5] Group 2: Financial Performance - Adjusted funds from operations (FFO) fell 14% in the second quarter to $1.17 per share, impacted by various factors including property sales and lease restructurings [3] - Despite the sales, the retained portfolio showed solid performance with a 2.9% same-store rent growth, driven by inflation-linked leases [5] Group 3: Future Outlook - W.P. Carey expects to invest between $1.25 billion and $1.75 billion this year, with a strong liquidity position to capitalize on new opportunities [8] - The company anticipates higher AFFO in the second half of the year as it benefits from rent growth and new property additions, which should support dividend rebuilding [9]

W. P. C A R E Y W. P. Carey Inc. Investor Presentation 2Q24 50+ Years of Investing for the Long Run® | --- | --- | --- | --- | --- | |-----------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Table of Contents | | | | | | Overview | 3 | | | | | Real Estate Portfolio | 7 | | | | | Balance Sheet | 19 | | | | | ESG | 23 | | | | Unless otherwise noted, all data in this presentation is as of June 30, 2024. Amounts ma ...

Financial Performance - W P Carey reported quarterly FFO of $1 17 per share, beating the Zacks Consensus Estimate of $1 16 per share [8] - The company posted revenues of $389 67 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2 47% [2] - Over the last four quarters, the company has surpassed consensus FFO estimates just once [9] Market Performance - W P Carey shares have lost about 6% since the beginning of the year versus the S&P 500's gain of 14 5% [3] - The current status of estimate revisions translates into a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [12] Industry Context - The REIT and Equity Trust - Other industry is currently in the bottom 41% of the 250 plus Zacks industries [13] - Host Hotels, another company in the same industry, is expected to report revenues of $1 47 billion, up 5 2% from the year-ago quarter [7] Future Outlook - The current consensus FFO estimate for W P Carey is $1 18 on $409 68 million in revenues for the coming quarter and $4 69 on $1 62 billion in revenues for the current fiscal year [5] - The sustainability of the stock's immediate price movement will depend on management's commentary on the earnings call [10]

Exhibit 99.2 W. P. Carey Inc. Supplemental Information Second Quarter 2024 Terms and Definitions Important Note Regarding Non-GAAP Financial Measures This supplemental package includes certain "non-GAAP" supplemental measures that are not defined by generally accepted accounting principles ("GAAP"), including funds from operations ("FFO"); adjusted funds from operations ("AFFO"); earnings before interest, taxes, depreciation and amortization ("EBITDA"); adjusted EBITDA; pro rata cash net operating income (" ...

Father Time has proven to be one of the few insurmountable forces in life. Companies change as they age, evolve, or progress through the corporate life cycle. Most change for the better, while some change for the worse. Some companies evolve and reshape themselves through innovation, keeping up with the times and profiting as a result. On the other hand, some companies age less gracefully, becoming a victim of their former success. This past week, we wrote an article covering Realty Income Corporation (O), ...