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 ...

Core Viewpoint - W. P. Carey (NYSE: WPC) has experienced a decline of 12% in value in 2024, indicating a challenging year for the company [1]. Group 1 - The investment in W. P. Carey has not performed well, with a significant loss as the year approaches its end [1]. - The focus of the investment strategy includes high-risk, high-reward situations, particularly in technology markets, with notable holdings in Bitcoin, Tesla, Google, Amazon, and Nvidia [1].

Core Viewpoint - W. P. Carey has successfully transitioned its portfolio and financial profile, leading to a stronger foundation for future growth and dividend increases after a challenging period in the office sector [1][3][10] Portfolio Restructuring - The company has sold or spun off its entire office portfolio and several other properties, including self-storage assets, to focus on a more conservative investment strategy [3][6] - As of mid-2023, the portfolio mix included 29% industrial, 24% warehouse, 16% office, 17% retail, and 4% self-storage, which has since shifted to 35% industrial, 28% warehouse, 22% retail, and 15% in other categories [3][4] Financial Metrics - The dividend payout ratio has been reduced from over 80% to a target range of 70%-75%, allowing for greater cash retention for new investments [3] - The leverage ratio has improved from 5.7x to 5.4x, providing additional investment capacity [3] Dividend Growth - W. P. Carey has increased its dividend every quarter in 2024, raising the quarterly rate from $0.86 per share to $0.88 per share, marking a 2.3% year-over-year increase [5] - The company anticipates continued dividend increases supported by a stronger financial profile and portfolio [9][10] Investment Activity - The company sold $1.2 billion in assets over the past year, with expectations to increase this to $1.3 billion-$1.5 billion by year-end through additional noncore property sales [6] - By the end of October, W. P. Carey had made $971.4 million in investments, including significant acquisitions in the industrial and warehouse sectors [7] Future Outlook - W. P. Carey expects to continue growing its portfolio next year, leveraging post-dividend free cash flow and debt capacity to make accretive acquisitions without needing to sell stock [9] - The company is projected to close around $1.5 billion in new investments this year, with over $500 million in additional deals in the pipeline [8]

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Group 1 - The analysis is intended solely for informational purposes and should not be interpreted as professional investment advice [3]. - There is a clear disclaimer regarding the lack of any stock, option, or derivative positions in the companies mentioned, indicating a neutral stance [2]. - The article expresses that past performance does not guarantee future results, underscoring the unpredictability of investments [4].

Group 1 - W. P. Carey Inc. has increased its quarterly cash dividend to $0.880 per share, which translates to an annualized dividend rate of $3.52 per share [1] - The dividend is scheduled to be paid on January 15, 2025, to stockholders of record as of December 31, 2024 [1] Group 2 - W. P. Carey Inc. is one of the largest net lease REITs, with a diversified portfolio consisting of 1,430 net lease properties covering approximately 172 million square feet and 78 self-storage operating properties as of September 30, 2024 [2] - 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 [2]

Sometimes you just have to call it like you see it: 2024 was a terrible year for W.P. Carey (WPC -1.20%). But it's important to understand what that bad year was really about. For this real estate investment trust (REIT), it was about setting the stage for a brighter future. Indeed, that bad 2024 should make you want to buy W.P. Carey stock even more.Getting off on the wrong foot at W.P. CareyEssentially, the first thing that greeted W.P. Carey investors in 2024 was a dividend cut. Not only that, but the cu ...

Group 1 - The article discusses the analysis of oil and gas companies, focusing on identifying undervalued names in the sector, including balance sheet evaluation, competitive positioning, and development prospects [1] - W. P. Carey has disposed of its office segment, which may lead to accelerated growth as this part of the business was previously seen as a hindrance [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector that requires patience and experience for successful investment [2] Group 2 - The analyst has a beneficial long position in W. P. Carey shares, indicating confidence in the company's future performance [3] - The article emphasizes the importance of reviewing company documents and press releases for investors to determine if a company aligns with their investment qualifications [4]

One thing that I really appreciate about REITs is that they offer all sorts of opportunities for investors who have different interests. You can find some dedicated to casinos. You can find some dedicated to telecommunications assets. You can findCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, ...