Welcome to our dedicated page for W.P. Carey news (Ticker: WPC), a resource for investors and traders seeking the latest updates and insights on W.P. Carey stock.
W.P. Carey Inc. (NYSE: WPC) maintains this comprehensive news hub for investors tracking this leading net lease REIT's corporate developments. Access verified press releases and analysis covering strategic acquisitions, earnings disclosures, and portfolio updates from the company's global commercial real estate operations.
This centralized resource provides timely updates on WPC's sale-leaseback transactions, build-to-suit financing projects, and dividend declarations. Users will find detailed reporting on property acquisitions across industrial, warehouse, and retail sectors alongside management commentary on market positioning.
Key updates include quarterly financial results, partnership announcements, and operational milestones from WPC's U.S. and European portfolios. All content undergoes strict verification to ensure compliance with financial reporting standards.
Bookmark this page for direct access to W.P. Carey's official communications and third-party analysis of its long-term lease strategies and investment management activities. Check regularly for updates reflecting the company's position in the evolving net lease real estate market.
W. P. Carey (NYSE: WPC) has announced a dividend increase, with its Board of Directors raising the quarterly cash dividend to $0.890 per share, representing an annualized dividend rate of $3.56 per share. The dividend will be paid on April 15, 2025, to stockholders of record as of March 31, 2025.
As one of the largest net lease REITs, WPC maintains a diverse portfolio comprising 1,555 net lease properties spanning approximately 176 million square feet and 78 self-storage operating properties as of December 31, 2024. The company's strategic focus remains on single-tenant industrial, warehouse, and retail properties across the U.S. and Northern and Western Europe, secured by long-term net leases with built-in rent escalations.
W. P. Carey Inc. (NYSE: WPC) reported its Q4 and full-year 2024 financial results. Q4 net income was $47.0 million ($0.21 per share), down 67.4% year-over-year, while full-year net income reached $460.8 million ($2.09 per share). The company achieved record Q4 investment volume of $841.3 million, bringing 2024's total to $1.6 billion.
Q4 AFFO was $1.21 per diluted share, up 1.7% from Q4 2023, while full-year AFFO was $4.70 per share. The company declared a Q4 cash dividend of $0.880 per share. For 2025, WPC provided AFFO guidance of $4.82-$4.92 per share, with planned investment volume of $1.0-$1.5 billion.
The company completed its strategic exit from the office sector and maintains a portfolio of 1,555 net lease properties across 176 million square feet, with a 98.6% occupancy rate and 12.3-year weighted-average lease term. Contractual same-store rent growth was 2.6% year-over-year.
W. P. Carey (NYSE: WPC) has released the tax treatment details for its 2024 dividends. The company distributed four quarterly dividends throughout 2024, showing a gradual increase from $0.86 to $0.875 per share. The distributions were split between ordinary dividends, capital gain distributions, and nondividend distributions.
As of September 30, 2024, W. P. Carey operates as one of the largest net lease REITs, managing 1,430 net lease properties spanning approximately 172 million square feet, along with 78 self-storage operating properties. The company's portfolio focuses on industrial, warehouse, and retail properties across the U.S. and Northern and Western Europe.
W. P. Carey (NYSE: WPC), a leading net lease REIT, announced it will release its Q4 and full-year 2024 financial results after market close on February 11, 2025. The company will host a conference call and webcast to discuss results on February 12, 2025, at 11:00 a.m. ET.
As of September 30, 2024, W. P. Carey's portfolio includes 1,430 net lease properties spanning approximately 172 million square feet and 78 self-storage operating properties. The company focuses on single-tenant industrial, warehouse, and retail properties in the U.S. and Northern and Western Europe under long-term net leases with built-in rent escalations.
W. P. Carey (NYSE: WPC) announced total investment volume of $1.6 billion for 2024, including a record fourth-quarter volume of $845 million. The investments achieved a weighted-average initial cap rate of 7.5% and an average yield of 9%, reflecting contractual rent escalations.
The company's 2024 investments focused primarily on warehouse and industrial properties (60%) and retail properties (30%), with approximately 75% located in North America and 25% in Europe. Notable Q4 investments included: $200 million for 106 Dollar General stores across 21 U.S. states; $100 million for a Canadian Solar industrial facility in Kentucky; $100 million for a manufacturing campus in Monterrey, Mexico; and $100 million for a data center in Weehawken, NJ.
W. P. Carey (NYSE: WPC) announced a dividend increase, with its Board of Directors raising the quarterly cash dividend to $0.880 per share, equivalent to an annualized dividend rate of $3.52 per share. The dividend will be paid on January 15, 2025 to stockholders of record as of December 31, 2024.
The company is among the largest net lease REITs, managing a diversified portfolio of 1,430 net lease properties spanning approximately 172 million square feet and 78 self-storage operating properties as of September 30, 2024. WPC focuses on single-tenant, industrial, warehouse and retail properties in the U.S. and Northern and Western Europe.
W. P. Carey Inc. (NYSE: WPC) has announced the pricing of a €600 million public offering of 3.700% Senior Notes due 2034. The Notes were offered at 98.880% of the principal amount and are expected to settle on November 19, 2024, subject to customary closing conditions. Interest on the Notes will be paid annually starting November 19, 2025. The Company plans to use the net proceeds for general corporate purposes, including funding potential future investments and repaying certain debts. Barclays Bank PLC, BNP PARIBAS, J.P. Morgan Securities plc, and Bank of Montreal, London Branch, acted as joint book-running managers. The Notes will be listed on the Euronext Dublin, pending approval. Investors can access the prospectus on the SEC's website for more details.
W. P. Carey reported Q3 2024 financial results with net income of $111.7 million ($0.51 per share) and AFFO of $259.3 million ($1.18 per diluted share). The company narrowed its 2024 AFFO guidance to $4.65-$4.71 per share. Investment volume reached $971.4 million year-to-date, with $167.0 million during Q3. Gross dispositions totaled $1.2 billion year-to-date. The quarterly dividend was set at $0.875 per share. Revenue decreased 11.4% year-over-year to $397.4 million, primarily due to strategic office asset exits.
W. P. Carey (NYSE: WPC) has been recognized on Fortune's 2024 Best Workplaces lists in multiple categories, including Real Estate and Women. The company was also named a Best Workplace in New York. These recognitions were determined through Great Place to Work's For All™ Methodology, analyzing over 1.3 million survey responses from certified companies.
As one of the largest net lease REITs, W. P. Carey manages a diverse portfolio of 1,291 net lease properties spanning approximately 170 million square feet and 89 self-storage operating properties as of June 30, 2024. The company primarily invests in single-tenant industrial, warehouse, and retail properties across the U.S. and Northern and Western Europe.
W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT, has announced the release of its third quarter 2024 financial results on Tuesday, October 29, 2024, after market close. The company will host a conference call and live audio webcast on Wednesday, October 30, 2024, at 11:00 a.m. Eastern Time to discuss the results.
W. P. Carey ranks among the largest net lease REITs, with a diverse portfolio of 1,291 net lease properties covering approximately 170 million square feet and 89 self-storage operating properties as of June 30, 2024. The company focuses on investing in single-tenant industrial, warehouse, and retail properties in the U.S. and Northern and Western Europe under long-term net leases with built-in rent escalations.
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