The last time I covered W. P. Carey (NYSE: WPC ), I declared that I wasn't adding anything to my stake. For clarity, that hasn't changed. I explained that even though the decision to exit office properties was good, I Welcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I've built a rock-solid pillar in my financial foundation through dividend investing. I believe it's one of the most accessibl ...

Core Points - W. P. Carey Inc. will release its financial results for Q3 2024 on October 29, 2024, after market close [1] - A conference call to discuss these results is scheduled for October 30, 2024, at 11:00 a.m. Eastern Time [2] Company Overview - W. P. Carey is one of the largest net lease REITs, with a diversified portfolio of 1,291 net lease properties covering approximately 170 million square feet and 89 self-storage operating properties as of June 30, 2024 [3] - The company focuses on investing in single-tenant, industrial, warehouse, and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations [3]

Wall Street is waiting for W.P. Carey to prove itself after a dividend reset, but it has already made a huge statement on that front. When many investors look at W.P. Carey (WPC 0.84%), what they see is a company that has let them down. That's understandable, given that the real estate investment trust (REIT) cut its dividend just one year shy of hitting 25 years, a key landmark year for many dividend-focused investors. But while Wall Street waits for W.P. Carey to prove that it hasn't lost its way (it almo ...

Which industrial-focused REIT would be better for your portfolio? It may depend on how you view dividends. There's no correct or incorrect way to invest in dividend stocks, but there are very different approaches that one needs to consider. A comparison between real estate investment trusts (REITs) Rexford Industrial (REXR -0.80%) and W.P. Carey (WPC -1.23%) offers a pretty clear reason why. If you prefer high-yield stocks to maximize your income stream, one will easily win out. But if you prefer dividend g ...

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This hasn't been the best year for W.P. Carey, but there's a good reason to be excited about the future. It is not a good start to a year when one of the first things you hand investors is a dividend cut. That's exactly how W.P. Carey (WPC 0.45%) began 2024, with a 20% dividend cut. But there's an interesting thing about that 20% number and what came after it. Here's why you might want to buy this dividend-cutter while its shares are below $65 and the dividend yield is above 5.5%. The bad news was announced ...

The REIT can produce a lot of passive income. W. P. Carey (WPC -1.14%) has a long history of paying dividends. While the diversified real estate investment trust (REIT) reset its payment level last year after making the strategic decision to exit the troubled office sector, it still offers a high yield. At more than 5.5%, it's significantly above the S&P 500's dividend yield (less than 1.5%). That high dividend yield enables investors to generate more income for every dollar they invest in the REIT's stock. ...

Core Viewpoint - W. P. Carey has strategically exited the office sector and is now focused on rebuilding its portfolio and increasing shareholder payouts, having already raised its dividend three times this year by nearly 2% [1][8]. Group 1: Strategic Decisions - The company made a significant decision to exit the office sector due to various headwinds, which previously accounted for approximately 16.1% of its annual base rent [3]. - A portion of the office portfolio was spun off to shareholders, leading to the creation of Net Lease Office Properties [3]. - Following the exit, W. P. Carey sold all remaining office properties and had a major tenant exercise an option to purchase self-storage properties [3]. Group 2: Financial Adjustments - The company had to reset its dividend, opting for a nearly 20% reduction to lower its payout ratio from around 80% to a range of 70%-75% [4]. - This adjustment allows W. P. Carey to retain more cash for new investments, strengthening its financial position [4]. Group 3: Portfolio Rebuilding - Proceeds from property sales have raised over $1 billion, which the company plans to reinvest into properties with better long-term rent growth potential, such as warehouses and industrial properties [5]. - By the end of July, W. P. Carey had invested $641 million into new properties, including a $190 million acquisition of a 19-property industrial and warehouse portfolio [6]. Group 4: Future Outlook - The company expects its adjusted funds from operations (FFO) to trend higher in the second half of the year, with liquidity at an all-time high and a growing deal pipeline [7]. - W. P. Carey anticipates its 2024 investment volume to be between $1.25 billion and $1.75 billion [7]. - The upward trend in dividends is expected to continue as the company aims to grow its payout alongside its adjusted FFO, potentially at an accelerated rate due to increased investment volume [8][9].

After a reset year, W.P. Carey is primed to start growing its business again. It has already begun bringing investors back to the stock. It would be an understatement to suggest that W.P. Carey (WPC -1.39%) let investors down in 2024. But there was a good reason for the decision that most infuriated Wall Street. And the moves that W.P. Carey made as the year got underway have now set it up for a much brighter future. Here's what you need to know. Close, but not enough: W.P. Carey's big letdown By 2023, W.P. ...

NEW YORK, Sept. 19, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.875 per share, equivalent to an annualized dividend rate of $3.50 per share. The dividend is payable on October 15, 2024 to stockholders of record as of September 30, 2024. W. P. Carey Inc. W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, wh ...