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W. P. Carey to Release Fourth Quarter and Full Year 2024 Financial Results on Tuesday, February 11, 2025
Prnewswire· 2025-01-28 12:30
Core Points - W. P. Carey Inc. will release its financial results for Q4 and the full year ended December 31, 2024, after market close on February 11, 2025 [1] - A conference call and live audio webcast to discuss these results is scheduled for February 12, 2025, at 11:00 a.m. Eastern Time [2] Company Overview - W. P. Carey ranks among the largest net lease REITs with a diversified portfolio of high-quality commercial real estate, including 1,430 net lease properties covering approximately 172 million square feet and 78 self-storage operating properties as of September 30, 2024 [3] - The company focuses on investing primarily 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]
W. P. Carey: Strong Yield And Growth Is Resuming
Seeking Alpha· 2025-01-22 22:44
The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!W. P. Carey Inc. (NYSE: WPC ) is a real estate investment trust with a solid and low-risk business model. Portfolio restructuring has resulted in lower profits in 2024, b ...
W. P. Carey: Adequate But Not Attractive Dividend
Seeking Alpha· 2025-01-22 20:29
W. P. Carey (NYSE: WPC ) is a REIT historically known for its strategy of running a commercial real estate portfolio diversified across industrial, warehouse, retail, and office properties. With a dividend cut that began in 2023 and continued in 2024, someMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fund ...
W. P. Carey Has Been On The Decline But Shares May Be Bottoming
Seeking Alpha· 2025-01-22 14:10
I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure: I/we have a beneficial long position in the shares of O either th ...
The Ultimate High-Yield REIT Turnaround Stock to Buy With $1,000 Right Now
The Motley Fool· 2025-01-15 14:53
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 ...
Down 42%, Is Ultra-High-Yield W.P. Carey Stock a Buy on the Dip?
The Motley Fool· 2025-01-15 09:39
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 ...
Why W.P. Carey Stock Slumped About 16% in 2024
The Motley Fool· 2025-01-13 14:16
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 ...
This Nearly 6.5%-Yielding Dividend Stock Made $1.6 Billion in Acquisitions in 2024, Setting the Stage for More Dividend Growth in 2025
The Motley Fool· 2025-01-11 10:43
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]
W. P. Carey Announces 2024 Investment Volume of $1.6 Billion
Prnewswire· 2025-01-08 12:30
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: A Beaten Down REIT That Could Rise From The Canvas
Seeking Alpha· 2024-12-27 12:23
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 ...