Welcome to our dedicated page for W.P. Carey (REIT) news (Ticker: WPC), a resource for investors and traders seeking the latest updates and insights on W.P. Carey (REIT) stock.
W.P. Carey Inc. (NYSE: WPC) is a leading global net-lease real estate investment trust (REIT) specializing in long-term sale-leaseback and build-to-suit financing solutions. With an enterprise value of approximately $10.4 billion as of September 30, 2015, W.P. Carey boasts a diverse portfolio encompassing single-tenant office, industrial, warehouse, and retail properties predominantly located in the U.S., Western Europe, and Northern Europe. Celebrating its 50th anniversary, the company manages a series of non-traded publicly registered investment programs with assets under management of about $10.5 billion.
W.P. Carey organizes its operations into two main segments: Real Estate and Investment Management. The Real Estate segment, generating the majority of the company's income, derives lease revenue from long-term agreements with creditworthy tenants, thereby ensuring stable cash flows. The company's real estate portfolio includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023.
The company's Investment Management unit offers real estate advisory and portfolio management services to other REITs, contributing significantly to its revenue.
W.P. Carey is known for its disciplined corporate finance and real estate underwriting process, which has been successfully applied across various industries and property types. This strategy has enabled the company to deliver consistent and increasing dividend income to investors for over four decades.
In recent developments, W.P. Carey completed the spin-off of 59 office properties into Net Lease Office Properties (NLOP), a separate publicly traded REIT, on November 1, 2023. This strategic move is part of W.P. Carey's plan to exit the office sector, focusing more on high-quality, operationally critical commercial real estate including industrial, warehouse, and retail properties with long-term leases.
The company continues to make significant strides in its growth strategy. For instance, W.P. Carey reported a productive start to 2024 with $375 million in closed investments and a robust deal pipeline. The company's focus remains on leveraging its liquidity and strong rent escalations to generate future growth and maintain a diversified portfolio.
With offices in New York, London, Amsterdam, and Dallas, W.P. Carey is well-positioned to capitalize on opportunities in the global real estate market. Visit www.wpcarey.com for more information.
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.
W. P. Carey Inc. (WPC) announced its merger with Corporate Property Associates 18 – Global Incorporated (CPA:18) on August 1, 2022, valued at approximately $2.7 billion. This merger is expected to add $2 billion in real estate assets and is immediately accretive to Real Estate AFFO per share. The merger simplifies WPC by concluding its exit from the non-traded REIT business and enhances its portfolio, including 1,390 net lease properties and 84 self-storage facilities. The company maintains a strong investment-grade balance sheet with no material integration risks.
W. P. Carey reported strong financial results for Q2 2022, with net income of $127.7 million and diluted EPS of $0.66. The company raised its AFFO guidance to between $5.22 and $5.30 per diluted share, supported by a projected investment volume increase to $1.75 billion to $2.25 billion. Revenues rose 7.7% to $344.4 million due to higher lease revenues. A quarterly dividend of $1.059 was declared. The company also announced a merger with CPA®:18, improving its market position amidst inflationary pressures.
W. P. Carey Inc. (NYSE: WPC) announced the approval of its merger with Corporate Property Associates 18 – Global Incorporated (CPA:18) by CPA:18 stockholders. This merger, which does not require approval from W. P. Carey stockholders, is expected to close on August 1, 2022. W. P. Carey is one of the largest net lease REITs, boasting an enterprise value of approximately $22 billion and a portfolio of 1,336 properties across 157 million square feet as of March 31, 2022, primarily located in the U.S. and Europe.
W. P. Carey Inc. (NYSE: WPC) received stockholder approval for its merger with Corporate Property Associates 18 – Global. The merger is expected to close on August 1, 2022. CPA:18 – Global is a non-traded real estate investment trust with a diverse portfolio of commercial properties leased to businesses globally, including self-storage and student housing assets.
W. P. Carey Inc. (NYSE: WPC) will release its Q2 2022 financial results on July 29, 2022, before market opening. The enterprise value of the company is approximately $22 billion, with a diversified portfolio of 1,336 net lease properties spanning 157 million square feet. A conference call will occur the same day at 10:00 a.m. Eastern Time to discuss the results, promoting transparency to investors.
W. P. Carey (NYSE: WPC), a prominent net lease REIT, has achieved Great Place to Work Certification for 2022, with a remarkable 96% of employees affirming it as a great workplace, surpassing the U.S. average by 39 points. The certification reflects employee feedback on company culture and workplace satisfaction. Highlights include 95% of employees feeling proud to work there and 98% believing in management's honesty. The REIT has invested in employee benefits, including hybrid work schedules and enhanced caregiver leave. W. P. Carey ranks among the largest net lease REITs with a $22 billion enterprise value.
W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly cash dividend to $1.059 per share, translating to an annualized rate of $4.24. This dividend will be payable on July 15, 2022, to stockholders of record by June 30, 2022. The company, a leader among net lease REITs, holds an enterprise value of approximately $22 billion and boasts a diversified portfolio of 1,336 net lease properties across 157 million square feet as of March 31, 2022.
On June 7, 2022, W. P. Carey Inc. (NYSE: WPC) announced investments totaling around $400 million since the end of Q1. This includes approximately $168 million under binding agreements expected to close by the end of July 2022. The investments align with the company's strategy and encompass industrial, grocery, and lab properties in the US and Europe. With an enterprise value of around $22 billion, WPC maintains a diversified portfolio of 1,336 properties across 157 million square feet as of March 31, 2022.
W. P. Carey Inc. (NYSE: WPC), a prominent net lease real estate investment trust, announced that CEO Jason Fox will present at Nareit's REITweek: 2022 Investor Conference on June 8, 2022, from 8:45 a.m. to 9:15 a.m. Eastern Time. The presentation will be available via live webcast and a replay will be accessible on the company's website. Additionally, W. P. Carey will hold meetings with institutional investors during the conference, which runs from June 7 to June 9, 2022. As of March 31, 2022, the company boasts an enterprise value of approximately $22 billion and a diversified portfolio of 1,336 net lease properties covering around 157 million square feet.
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