W. P. Carey Increases Quarterly Dividend to $0.875 per Share

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly cash dividend to $0.875 per share, equivalent to an annualized dividend rate of $3.50 per share. The dividend will be payable on October 15, 2024 to stockholders of record as of September 30, 2024.

W. P. Carey is one of 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.

Positive

• Increased quarterly dividend to $0.875 per share
• Annualized dividend rate of $3.50 per share
• Large and diverse portfolio of 1,291 net lease properties
• 89 self-storage operating properties in portfolio
• Focus on long-term net leases with built-in rent escalations

Negative

• None.

NEW YORK, Sept. 19, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.875 per share, equivalent to an annualized dividend rate of $3.50 per share. The dividend is payable on October 15, 2024 to stockholders of record as of September 30, 2024.

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 1,291 net lease properties covering approximately 170 million square feet and a portfolio of 89 self-storage operating properties as of June 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 is W. P. Carey's new quarterly dividend amount?

W. P. Carey (WPC) has increased its quarterly dividend to $0.875 per share.

When will W. P. Carey (WPC) pay its next dividend?

W. P. Carey will pay its next dividend on October 15, 2024 to stockholders of record as of September 30, 2024.

What is W. P. Carey's (WPC) annualized dividend rate?

W. P. Carey's new annualized dividend rate is $3.50 per share.

How many properties does W. P. Carey (WPC) own as of June 30, 2024?

As of June 30, 2024, W. P. Carey owns 1,291 net lease properties and 89 self-storage operating properties.