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W. P. Carey Inc - WPC STOCK NEWS

Welcome to our dedicated news page for W. P. Carey (Ticker: WPC), a resource for investors and traders seeking the latest updates and insights on W. P. Carey.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect W. P. Carey's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of W. P. Carey's position in the market.

Rhea-AI Summary
W. P. Carey Inc. appoints Rhonda Gass, bringing over 30 years of technology experience, to its Board of Directors. Ms. Gass, currently the Global Chief Information Officer at Stanley Black & Decker, will enhance the Board's digital expertise. With a diverse background in cybersecurity and technological transformation, she aims to contribute to the company's long-term growth and strategic vision.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
management
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Rhea-AI Summary
W. P. Carey Inc. (WPC) announced an increase in its quarterly cash dividend to $0.865 per share, representing an annualized dividend rate of $3.46 per share. The dividend will be paid on April 15, 2024, to stockholders of record as of March 28, 2024. W. P. Carey is a leading net lease REIT with a diverse portfolio of commercial real estate properties in the U.S. and Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
dividends
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Rhea-AI Summary
W. P. Carey Inc. reports strong financial results for Q4 and full year 2023, with net income of $708.3 million for the year, AFFO per diluted share of $5.18, and a narrowed 2024 AFFO guidance range of $4.65 to $4.75 per diluted share. The company strategically exits office assets, completes spin-off of NLOP, and focuses on real estate portfolio investment volume.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.47%
Tags
earnings
Rhea-AI Summary
W. P. Carey Inc. (WPC) announced the income tax treatment of dividends reported on Form 1099-DIV for 2023. The company distributed dividends of $1.065000 to $1.071000 per share, with various components such as ordinary dividends, capital gain distributions, and nondividend distributions. The PR also mentions specific tax treatments, record dates, and payment dates. W. P. Carey Inc. is a net lease REIT with a portfolio of high-quality commercial real estate properties in the U.S. and Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.36%
Tags
dividends
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Rhea-AI Summary
W. P. Carey Inc. (WPC) will release its financial results for the fourth quarter and full year ended December 31, 2023, before the market opens on Friday, February 9, 2024. The company will host a conference call and live audio webcast to discuss its financial results on the same day at 10:00 a.m. Eastern Time. W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality commercial real estate properties. The company remains focused 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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.99%
Tags
earnings
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Rhea-AI Summary
W. P. Carey Inc. (WPC) has announced the sale of a portfolio of 70 office properties net leased to the State of Andalusia for approximately $359 million. This sale reduces the company's office exposure to less than 3% of its total annualized base rent (ABR) and is part of the company's strategic plan to exit office assets within its portfolio. The CEO expects over 60% of the company's ABR to come from industrial and warehouse assets, with a well-diversified portfolio and strong rent growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.22%
Tags
none
Rhea-AI Summary
W. P. Carey Inc. (WPC) announced a fourth-quarter investment volume of $320 million at a weighted-average cap rate of 7.7%. An additional $180 million of investments is scheduled to close in January 2024. The company's 2023 full-year investment volume was approximately $1.3 billion, with 75% of investments in single-tenant warehouse and industrial assets. Approximately 80% of the volume was in North America and 20% in Europe.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
none
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Rhea-AI Summary
W. P. Carey Inc. (WPC) extended its revolver maturity to 2029 and upsized it to $2 billion, while also extending its existing term loan maturities to 2028. The facilities include various improvements to terms and an accordion feature allowing for an increase to $4.35 billion. The company's current BBB+/Baa1 ratings provide for an interest rate on borrowings of 77.5 basis points over the adjusted SOFR rate, enhancing liquidity and external growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
none
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Rhea-AI Summary
W. P. Carey Inc. (WPC) declared a quarterly cash dividend of $0.860 per share, reflecting the company's strategic plan to exit office assets within its portfolio and a lower payout ratio. The dividend is payable on January 16, 2024, to stockholders of record as of December 29, 2023. W. P. Carey, celebrating its 50th anniversary, ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
dividends
Rhea-AI Summary
W. P. Carey Inc. (NYSE: WPC), a net lease real estate investment trust, reported its financial results for Q3 2023. Net income was $125.0 million, diluted earnings per share were $0.58, AFFO was $284.4 million, and AFFO per diluted share was $1.32. The company lowered its 2023 AFFO guidance range to between $5.17 and $5.23 per diluted share and announced preliminary 2024 AFFO guidance of between $4.60 and $4.80 per diluted share. W. P. Carey also announced a strategic plan to exit office assets, completed the spin-off of NLOP, and sold four properties under the Office Sale Program for gross proceeds of $142.5 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
Tags
earnings
W. P. Carey Inc

NYSE:WPC

WPC Rankings

WPC Stock Data

12.34B
215.93M
1.2%
75.21%
2.58%
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About WPC

w. p. carey inc. is a leading global net-lease reit that provides long-term sale-leaseback and build-to-suit financing solutions for companies worldwide. at september 30, 2015, the company had an enterprise value of approximately $10.4 billion. in addition to its owned portfolio of diversified global real estate, w. p. carey manages a series of non-traded publicly registered investment programs with assets under management of approximately $10.5 billion. its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades. visit us: www.wpcarey.com.