DNY59/E+ via Getty Images Shares of W. P. Carey (NY SE:WPC) trade at a very attractive 6% yield, and the REIT seems primed to return to a period of growth in its key metrics after it strategically olatel of 14: 10 cm (17 Dach ar recy classerial corrent The REFT sompleted in Celes, and the best is a portuile of goven in Orgol and ins argentsion in trans, aggession in again, by $0.005/share. While the dividend nise is not that significant in absolute terms, it is good to see that management is applying a grow ...

Core Viewpoint - W.P. Carey is attempting to regain investor confidence after cutting its dividend by approximately 20% at the end of 2023, which has led to a reassessment of its portfolio strategy, particularly in the office sector [2][3][4]. Company Strategy - The dividend cut was a strategic decision to exit the office sector, which represented around 16% of the REIT's rent roll, in response to challenges in the office market post-pandemic [4][5]. - W.P. Carey plans to spin off a significant portion of its office business and sell the remaining assets, aiming to restructure its portfolio effectively [5]. Financial Performance - Following the dividend cut, W.P. Carey has resumed increasing its dividend for two consecutive quarters, indicating a potential reset rather than a sign of weakness [6]. - The current dividend yield stands at approximately 5.8%, which is higher than Realty Income's 5.1% and the average REIT yield of 3.9% [11]. Portfolio Strength - W.P. Carey operates a diverse portfolio with 35% in industrial, 29% in warehouse, and 21% in retail assets, which positions it favorably compared to Realty Income, which focuses predominantly on retail [9]. - The company owns nearly 1,300 properties, making it the second largest net lease REIT by market capitalization [7]. Growth Potential - W.P. Carey has significant liquidity due to its exit from the office real estate sector and recent asset sales, allowing it to pursue acquisition-driven growth [10]. - The company has over two decades of experience in the European market, providing a growth avenue as the net lease model is still emerging in that region [8].

filo W. P. Carey Inc. (NYSE:WPC) is a net-lease real estate investment trust that last year spun off its office properties from its commercial property portfolio. Despite the spinoff and a lower amount of adjusted funds from operations, W. P. Carey managed to cover its dividend with funds of operations easily in the second quarter and the REIT sustained its $0.87 per share per quarter dividend pay-out. In my view, W. P. Carey has a much more streamlined, better-positioned real estate portfolio after the spi ...

This REIT can produce lots of passive income. Investing in real estate can be an excellent way to start generating passive income. There are lots of paths to potentially make passive income from real estate. One of the easiest to take is investing in a real estate investment trust (REIT). W.P. Carey (WPC 1.33%) is a top REIT for those seeking a lucrative passive income stream. The diversified REIT currently has a dividend yield approaching 6%. At that rate, every $1,000 invested into its stock would produce ...

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 ...

Core Insights - U.S. stocks closed lower on Tuesday, but notable insider trades indicate potential investment opportunities [1] Insider Trades Summary - **Bioventus Inc.** - Director John A. Bartholdson purchased 105,500 shares at an average price of $8.55, totaling approximately $901,702 - The company reported better-than-expected Q2 financial results and raised FY24 guidance above estimates [3] - Bioventus is a medical technology company focused on developing treatments that enhance the body's natural healing process [3] - **W. P. Carey Inc.** - Director Mark A. Alexander acquired 2,000 shares at an average price of $57.03, costing around $114,059 - The company posted upbeat quarterly sales on July 30 [4] - W. P. Carey is a real estate investment trust involved in owning properties in the U.S. and Europe [4] - **Global Water Resources Inc.** - COO Christopher D. Krygier bought 1,258 shares at an average price of $11.92, totaling about $15,000 - The company reported downbeat quarterly sales on August 7 [5] - Global Water Resources operates water management utilities in metropolitan Phoenix, Arizona [5]

Core Viewpoint - The Federal Reserve's interest rate hikes have led to a reset in REIT valuations, creating investment opportunities in companies like W. P. Carey (WPC) despite recent challenges such as an office asset divestiture and dividend cut [1] Company Overview - WPC is a diversified REIT with an annual base rent (ABR) of $1.29 billion, with 64% from North America, 35% from Europe, and 1% from other regions [1] - The portfolio consists of 64% industrial/warehouse properties, 21% retail, and 15% in other areas, with 23.1% of tenants being investment-grade [1] Recent Financial Performance - For Q2, WPC reported an AFFO per share of $1.17, with a contractual same-store rent growth of 2.9% year-over-year [1] - Comprehensive same-store rent growth was negative 40 basis points year-over-year, primarily due to lease restructuring [1] - Rent collections were over 99% for Q2 and the first half of the year, with a re-leasing activity generating a rent recapture of 116% [1] Investment Strategy - WPC is investing in properties with cash cap rates in the 7% to 8% range, targeting unlevered IRRs above 9% [1] - The company has invested $641 million year-to-date at a weighted average cash cap rate of 7.7% [2] - WPC's current acquisition pipeline is around $200 million, with expectations for increased activity as interest rates stabilize [1] Debt and Liquidity Position - WPC completed a $650 million Eurobond issuance and a $400 million U.S. dollar bond issuance, maintaining a strong liquidity position of $3.2 billion [2] - The company has repaid $1 billion in maturing bonds and has no further debt maturities in 2024, with only $61 million in mortgage debt due in H2 [2] Market Outlook - The stock has been under pressure due to management decisions, but the potential for rate cuts could create a favorable environment for real estate stocks like WPC [2] - WPC lowered its full-year investment volume expectation to $1.25 billion to $1.75 billion and adjusted its AFFO guidance to between $4.63 and $4.73 per share [2] - At a recent price of $56.88, WPC trades at 12.15 times the midpoint of 2024 AFFO, with a dividend yield of 6.4% [2]

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]