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

W. P. Carey Inc. (WPC) reported a total investment volume of $1.42 billion for 2022, primarily in high-quality, single-tenant warehouse and industrial properties. Approximately two-thirds of investments were located in North America, with the remainder in Europe. The fourth quarter showed a weighted-average cap rate of 6.8%, indicating a favorable environment for future investments. The company has a robust pipeline, with over $500 million in opportunities under letters of intent. WPC maintains a diversified portfolio valued at approximately $22 billion.

W. P. Carey Inc. (NYSE: WPC) announced the appointment of Elisabeth Stheeman to its Board of Directors, effective immediately. With over 30 years of experience in financial services and real estate, Ms. Stheeman will enhance the company's strategic oversight, especially in European markets. She previously held prominent roles at top global firms and serves on various financial committees. This appointment increases the board's diversity, with 36% female representation. W. P. Carey operates a diversified portfolio valued at approximately $22 billion, emphasizing long-term net leases.

W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly cash dividend to $1.065 per share, marking an annualized rate of $4.26. This dividend will be payable on January 13, 2023 to shareholders of record as of December 30, 2022. The company, a significant player among net lease REITs with an enterprise value of approximately $22 billion, holds a diversified portfolio comprising 1,428 net lease properties and 84 self-storage properties.

W. P. Carey reported its Q3 2022 financial results, highlighting a net income of $104.9 million and diluted earnings per share of $0.51. Despite a 17.7% revenue increase to $383.6 million, net income fell 24.3% year-over-year due to a prior year gain. Adjusted funds from operations (AFFO) rose to $1.36 per share, with full-year AFFO guidance now between $5.25 and $5.31. The quarterly dividend was raised to $1.061 per share. The merger with CPA:18 added $2.2 billion in assets, while same-store rent growth was strong, benefiting from inflation.

W. P. Carey Inc. (WPC) will release its third quarter 2022 financial results on November 4, 2022, before market opening. The company, a leading net lease REIT with an enterprise value of approximately $25 billion, will host a conference call at 10:00 a.m. Eastern Time to discuss the results. Following its merger with CPA:18 on August 1, 2022, W. P. Carey’s portfolio now includes 1,390 net lease properties and 84 self-storage properties, covering about 170 million square feet. The company’s diversified real estate assets are primarily located in the U.S. and Europe.

W. P. Carey has been upgraded to a Baa1 rating by Moody's Investors Service, reflecting a stable outlook. This upgrade highlights the company’s diversified net lease portfolio, strong capital management, and good liquidity. WPC's properties predominantly comprise industrial, warehouse, and self-storage assets, benefiting from CPI-linked rent escalators that ensure revenue stability. The firm boasts an enterprise value of approximately $25 billion, with a portfolio of 1,390 net lease properties covering around 170 million square feet. This rating improvement underscores WPC's positive trajectory since achieving investment grade in 2014.

W. P. Carey Inc. (NYSE: WPC) announced an increase in its quarterly cash dividend to $1.061 per share, marking an annualized rate of $4.24. This dividend will be paid on October 14, 2022, to stockholders on record as of September 30, 2022. Following the merger with CPA:18 on August 1, 2022, W. P. Carey now boasts a diversified portfolio of 1,390 net lease properties and 84 self-storage properties, covering approximately 170 million square feet. The company’s enterprise value is around $25 billion, bolstering its standing as a major player in the net lease REIT sector.

Rockwell Medical, Inc. (NASDAQ: RMTI) has appointed Heather Hunter as Senior Vice President and Chief Corporate Affairs Officer. Heather brings over 20 years of experience in executive leadership and investor relations, aiming to enhance the company's communications and branding strategies. CEO Mark Strobeck expressed confidence in Heather's capability to drive shareholder value and facilitate profitability as the company expands its product offerings in the healthcare market. Rockwell Medical focuses on products for patients with blood disorders and kidney diseases, including the development of its proprietary Ferric Pyrophosphate Citrate technology.

W. P. Carey Inc. (NYSE: WPC) announced a note purchase agreement to issue a total of €350 million in fixed rate senior unsecured notes. This includes €150 million maturing on September 28, 2029, with an interest rate of 3.41%, and €200 million maturing on September 28, 2032, with an interest rate of 3.70%. The net proceeds will primarily be used to reduce outstanding amounts under its revolving credit facility and may also fund acquisitions and general corporate purposes. The notes are sold under the exemption from registration provided by the Securities Act.