W. P. Carey Increases Quarterly Dividend to $0.890 per Share

Rhea-AI Summary

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.

Positive

• Dividend increase demonstrates company's financial strength
• Large diversified portfolio of 1,555 net lease properties and 78 self-storage properties
• Built-in rent escalations provide growing income stream
• Strong geographic diversification across U.S. and Europe

Negative

• None.

NEW YORK, March 13, 2025 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.890 per share, equivalent to an annualized dividend rate of $3.56 per share. The dividend is payable on April 15, 2025 to stockholders of record as of March 31, 2025.

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 1,555 net lease properties covering approximately 176 million square feet and a portfolio of 78 self-storage operating properties as of December 31, 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 payment for 2025?

W. P. Carey's new quarterly dividend is $0.890 per share, payable on April 15, 2025.

When is the record date for WPC's increased dividend payment?

The record date for WPC's dividend payment is March 31, 2025.

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

As of December 31, 2024, WPC owns 1,555 net lease properties and 78 self-storage operating properties.

What is W. P. Carey's annual dividend rate following the increase?

Following the increase, WPC's annualized dividend rate is $3.56 per share.

What types of properties does WPC primarily invest in?

WPC primarily invests in single-tenant industrial, warehouse, and retail properties in the U.S. and Northern and Western Europe.