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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.

News
W. P. Carey Announces Unsecured Revolving Credit Facility Extended and Upsized
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%
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none
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News
W. P. Carey Announces Quarterly Dividend of $0.860 per Share
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
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News
W. P. Carey Announces Third Quarter 2023 Financial Results
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
News
W. P. Carey Announces Completion of Spin-Off of Net Lease Office Properties
Rhea-AI Summary
W. P. Carey Inc. has completed the spin-off of 59 office properties into Net Lease Office Properties (NLOP), a publicly-traded real estate investment trust. NLOP will be listed on the NYSE under the symbol 'NLOP'. NLOP common shares will begin 'regular way' trading on November 2, 2023. W. P. Carey stockholders received one NLOP common share for every 15 shares of W. P. Carey common stock held. J.P. Morgan served as exclusive financial advisor in connection with the Spin-Off.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.25%
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none
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News
W. P. Carey to Release Third Quarter 2023 Financial Results on Friday, November 3, 2023
Rhea-AI Summary
W. P. Carey Inc. to release third quarter 2023 financial results on Friday, November 3, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
earnings
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News
W. P. Carey Announces Record and Distribution Dates for Spin-Off of Net Lease Office Properties
Rhea-AI Summary
W. P. Carey announces record and distribution dates for spin-off of Net Lease Office Properties
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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News
W. P. Carey Announces Strategic Plan to Exit Office
Rhea-AI Summary
W. P. Carey plans to spin-off 59 office properties into a separate publicly-traded REIT and implement an asset sale program for 87 office properties. The spin-off is expected to close on or around November 1, 2023, and all sales under the program targeted to be completed by January 2024. The spin-off is expected to provide a clear path to monetizing legacy office assets, enhance growth profile, improve earnings and cash flows, and benefit credit profile. NLOP's portfolio will consist of 62 corporate tenants generating ABR of over $141 million. The Office Sale Program represents approximately 5% of W. P. Carey's total ABR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.99%
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none
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News
W. P. Carey Increases Quarterly Dividend to $1.071 per Share
Rhea-AI Summary
W. P. Carey Inc. increases quarterly dividend to $1.071 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
dividends
-
News
W. P. Carey Announces Second Quarter 2023 Financial Results
Rhea-AI Summary
W. P. Carey Inc. reports Q2 2023 financial results, with net income of $144.6 million and diluted earnings per share of $0.67. AFFO per diluted share is $1.36. Quarterly cash dividend raised to $1.069 per share. The company expects further deal momentum in the second half of the year and elevated rent growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.54%
Tags
earnings
News
W. P. Carey Earns 2023 Great Place To Work Certification™
Rhea-AI Summary
W. P. Carey (WPC) Receives Great Place To Work Certification for Second Consecutive Year, Demonstrating Employee Satisfaction and Retention
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
none
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W. P. Carey Inc

NYSE:WPC

WPC Rankings

#715 Ranked by Market Cap
#3882 Ranked by Stock Gains
#465 Ranked by Dividends

WPC Stock Data

12.03B
217.23M
1.19%
75.11%
3.3%
Other Financial Vehicles
Finance and Insurance
Link
US
New York

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.