W. P. Carey Announces Tax Treatment of 2024 Dividends

Rhea-AI Summary

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.

Positive

• Consistent quarterly dividend increases from $0.86 to $0.875 per share throughout 2024
• Large-scale operations with 1,430 net lease properties and 78 self-storage facilities
• Geographic diversification across U.S. and Northern and Western Europe
• Built-in rent escalations in lease agreements

Negative

• None.

News Market Reaction – WPC

+0.43%

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+0.43% News Effect

On the day this news was published, WPC gained 0.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 31, 2025 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) announced the income tax treatment of dividends reported on Form 1099-DIV for 2024. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of W. P. Carey dividends.

CUSIP 92936U109

FORM 1099-DIV			Box 1a	Box 2a	Box 3	Box 1b	Box 2b	Box 2f	Box 5
Record Date	Payment Date	Distribution Per Share	Ordinary Dividends	Capital Gain Distributions	Nondividend Distributions	Qualified Dividends(1)	Unrecaptured Section 1250 Gain(2)	Section 897 Capital Gain(3)	Section 199A Dividends(4)	Section 1061 One-Year Amounts Disclosure(5)	Section 1061 Three-Year Amounts Disclosure(5)
12/29/2023	1/16/2024	$0.8600000	$0.7610916	$0.0585543	$0.0403541	$0.0010442	$0.0383228	$0.0535645	$0.7600474	$0.0029650	$0.0029650
3/28/2024	4/15/2024	$0.8650000	$0.7655165	$0.0588947	$0.0405888	$0.0010503	$0.0385456	$0.0538759	$0.7644663	$0.0029823	$0.0029823
6/28/2024	7/15/2024	$0.8700000	$0.7699415	$0.0592351	$0.0408234	$0.0010563	$0.0387684	$0.0541873	$0.7688851	$0.0029995	$0.0029995
9/30/2024	10/15/2024	$0.8750000	$0.7743664	$0.0595756	$0.0410580	$0.0010624	$0.0389912	$0.0544987	$0.7733040	$0.0030167	$0.0030167

	(1)	Qualified Dividends is a subset of, and included in, the Taxable Ordinary Dividends amount.
	(2)	Unrecaptured Section 1250 Gain is a subset of, and included in, the Taxable Capital Gain Distributions amount.
	(3)	Section 897 Capital Gain is a subset of, and included in, the Taxable Capital Gain Distributions amount.
	(4)	Section 199A Dividends is a subset of, and included in, the Taxable Ordinary Dividends amount.
	(5)	For the purposes of Section 1061 of the Internal Revenue Code, the "one-year amounts disclosure" and "three-year amounts disclosure" related to the capital gain distributions reported in box 2a are generally applicable to direct and indirect holders of "applicable partnership interests".

W. P. Carey Inc.

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,430 net lease properties covering approximately 172 million square feet and a portfolio of 78 self-storage operating properties as of September 30, 2024. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations.

www.wpcarey.com

Institutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.com

Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.com

Press Contact:
Anna McGrath
1 (212) 492-1166
amcgrath@wpcarey.com

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SOURCE W. P. Carey Inc.

FAQ

What were WPC's dividend payment amounts for each quarter in 2024?

WPC paid increasing quarterly dividends in 2024: $0.86 (January), $0.865 (April), $0.87 (July), and $0.875 (October).

How many properties does W. P. Carey own as of September 2024?

As of September 30, 2024, W. P. Carey owns 1,430 net lease properties totaling 172 million square feet and 78 self-storage operating properties.

What is the tax treatment breakdown of WPC's 2024 dividends?

The dividends were primarily composed of ordinary dividends, with smaller portions allocated to capital gain distributions and nondividend distributions. Each payment included qualified dividends, unrecaptured Section 1250 gain, and Section 897 capital gain components.

What types of properties does WPC primarily invest in?

WPC primarily invests in single-tenant industrial, warehouse, and retail properties located in the U.S. and Northern and Western Europe under long-term net leases.