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

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.

W. P. Carey Inc. (NYSE: WPC) reported third-quarter 2020 financial results, revealing a net income of $149.4 million or $0.85 per diluted share, marking a significant increase from $41.3 million in Q3 2019. Adjusted Funds from Operations (AFFO) were $1.15 per diluted share, down 11.5% year-over-year. The company reinstated its AFFO guidance for 2020, projecting between $4.65 and $4.75 per diluted share. A cash dividend of $1.044 per share was declared. The rent collection rate stood at 98% for the quarter, showcasing robust portfolio resilience amid the pandemic.

W. P. Carey Inc. (NYSE: WPC) will release its third-quarter financial results on October 30, 2020, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Eastern Time. As of June 30, 2020, the company boasts an enterprise value of approximately $18 billion and a diversified portfolio of 1,216 net lease properties covering about 142 million square feet. W. P. Carey has focused on high-quality single-tenant properties under long-term net leases, primarily located in the U.S. and Europe.

W. P. Carey Inc. (NYSE: WPC) has priced a public offering of $500 million of 2.400% Senior Notes due 2031. The Notes are offered at 99.099% of the principal amount, with interest paid semi-annually starting February 1, 2021. Expected settlement date is October 14, 2020. Proceeds will be used to repay debt, fund future acquisitions, and for general corporate purposes. This offering is led by Wells Fargo Securities, J.P. Morgan, and U.S. Bancorp.

Investors should read the prospectus supplement for comprehensive details.

W. P. Carey (NYSE: WPC) has announced a $40 million sale-leaseback deal for a 622,000-square-foot light manufacturing facility near Chicago's O'Hare Airport, leased to Weber-Stephen Products LLC for 15 years. Weber-Stephen, a leading global manufacturer of grills, has invested over $28 million in the facility since 2014, emphasizing its strategic importance. The lease includes built-in annual rent escalations, supporting W. P. Carey's financial stability and growth strategy. The company, valued at about $18 billion, boasts a diversified portfolio of over 1,200 properties.