W.P. Carey Inc. Stock Price, News & Analysis

W. P. Carey reported its Q4 and full-year financial results for 2020, reflecting resilience amid the pandemic. Fourth-quarter net income was $134.6 million, a 4% increase, while full-year net income reached $455.4 million, a 49.2% rise. The company achieved total 2020 revenues of $1.21 billion, a slight decline of 1.9%. Adjusted Funds from Operations (AFFO) for Q4 was $1.20 per share, down 6.3%. A quarterly cash dividend was raised to $1.046 per share. For 2021, W. P. Carey expects AFFO guidance of $4.79 to $4.93 per share, supported by strong investment and occupancy rates.

W. P. Carey Inc. (NYSE: WPC) announced three significant investments totaling $149 million, encompassing approximately 1.5 million square feet in operationally-critical properties. These include a $75 million sale-leaseback of facilities in California, a $55 million acquisition of auto dealerships in New Jersey and Pennsylvania, and a $19 million sale-leaseback of distribution facilities for a plastics distributor. The weighted-average lease term across these investments is about 24 years, contributing to a year-to-date investment volume of $203 million.

W. P. Carey Inc. (NYSE: WPC) will announce its financial results for Q4 and full-year 2020 on February 12, 2021, before the market opens. The company will host a conference call at 10:00 a.m. ET the same day. As of September 30, 2020, WPC holds an enterprise value of approximately $18 billion with a diverse portfolio of 1,215 net lease properties, spanning 142 million square feet. The portfolio includes properties across various sectors, primarily in the U.S. and Europe, supporting a long-term business strategy focused on operationally-critical commercial real estate.

W. P. Carey Inc. (NYSE: WPC) announced the income tax treatment of its 2020 dividends on Form 1099-DIV. Shareholders are advised to consult their tax advisors regarding the specifics of their tax implications. The report details various categories of dividends along with their amounts and related tax classifications for the year ended December 31, 2020. Notably, the ordinary dividend distribution per share was reported at $1.0380, with a payment date of January 15, 2020. W. P. Carey is recognized as a major player in net lease REITs with a portfolio of significant commercial properties.

W. P. Carey Inc. (NYSE: WPC) has completed four significant industrial investments in December 2020, totaling approximately $121 million and encompassing over 1.5 million square feet. The investments, which are triple-net leased to reputable tenants, conclude a total investment volume of around $826 million for 2020. The properties include manufacturing facilities, food production sites, and a distribution center, all with long lease terms and built-in rent escalations. The company is poised for continued growth in 2021, backed by a robust pipeline of new transactions.

W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly cash dividend to $1.046 per share, translating to an annualized rate of $4.18. This dividend will be payable on January 15, 2021, to stockholders of record by December 31, 2020. The company holds an enterprise value of approximately $18 billion with a diversified portfolio of 1,215 net lease properties covering around 142 million square feet. W. P. Carey focuses on investing in operationally-critical commercial real estate across the U.S. and Europe.

W. P. Carey Inc. (NYSE: WPC) announced that CEO Jason Fox will participate in a Q&A session at the Nareit’s REITworld: 2020 Virtual Annual Conference on November 18, 2020, from 1:45 p.m. to 2:15 p.m. Eastern Time. The session will be available via webcast at www.wpcarey.com/Nareit. The conference runs from November 17 to November 19, 2020, during which W. P. Carey will also hold virtual meetings with institutional investors and analysts.

W. P. Carey Inc. (NYSE: WPC) has announced a $102 million (€87 million) sale-leaseback of a 27-property supermarket portfolio in Northern Spain and the Balearic Islands. This transaction brings the total investment volume for 2020 to approximately $700 million. The portfolio spans 481,000 square feet and is leased under three 20-year agreements to Eroski, a major food retailer in Spain. The deal highlights Eroski's market dominance, the portfolio's strategic locations, and long-term leases with CPI-based rent escalations, contributing positively to WPC's investment growth.

W. P. Carey Inc. (NYSE:WPC) announced the completion of two significant investments in October 2020, totaling approximately $85 million and encompassing over 1.2 million square feet. These include a $51 million sale-leaseback of three manufacturing facilities and a $34 million sale-leaseback of a refrigerated food processing facility. With these transactions, the company's year-to-date investment volume reaches approximately $600 million. The new properties are triple-net leased to leading tenants with a weighted average lease term of 20 years, indicating a stable revenue outlook.