W. P. Carey Announces Tax Treatment of 2022 Dividends

Rhea-AI Summary

On January 30, 2023, W. P. Carey (NYSE: WPC) disclosed the income tax treatment of its dividends reported on Form 1099-DIV for the year 2022. The company urged stockholders to seek advice from their personal tax advisors for specific tax implications. W. P. Carey has a diverse portfolio, including 1,428 net lease properties and 84 self-storage properties, with an enterprise value of approximately $22 billion as of September 30, 2022. The announcement included various tax classifications for dividends, with ordinary dividends and qualified dividends being significant components.

Positive

• W. P. Carey has a strong enterprise value of approximately $22 billion.
• A diversified portfolio includes 1,428 net lease properties and 84 self-storage properties.

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• None.

NEW YORK, Jan. 30, 2023 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) announced the income tax treatment of dividends reported on Form 1099-DIV for 2022. 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)
12/31/21	1/14/22	$1.0550	$1.0053551	$0.0068056	$0.0428393	$0.0261493	$0.0068056	$0.0068056	$0.9792058	$0.0000000	$0.0000000
3/31/22	4/14/22	$1.0570	$1.0072610	$0.0068185	$0.0429206	$0.0261989	$0.0068185	$0.0068185	$0.9810621	$0.0000000	$0.0000000
6/30/22	7/15/22	$1.0590	$1.0091669	$0.0068314	$0.0430018	$0.0262485	$0.0068314	$0.0068314	$0.9829184	$0.0000000	$0.0000000
9/30/22	10/14/22	$1.0610	$1.0110728	$0.0068443	$0.0430830	$0.0262980	$0.0068443	$0.0068443	$0.9847747	$0.0000000	$0.0000000

(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.

Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $22 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,428 net lease properties covering approximately 175 million square feet and a portfolio of 84 self-storage operating properties, as of September 30, 2022. 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 the tax treatment of W. P. Carey dividends for 2022?

W. P. Carey has provided guidance on the income tax treatment of its dividends as reported on Form 1099-DIV for the year 2022.

When were the dividends for W. P. Carey paid in 2022?

The dividends for W. P. Carey were distributed on various dates throughout 2022, including January 14, April 14, July 15, and October 14.

What was the amount of dividends paid by W. P. Carey in 2022?

W. P. Carey paid a distribution per share amounting to $1.0550, $1.0570, $1.0590, and $1.0610 for the respective quarters in 2022.

Are W. P. Carey dividends qualified dividends?

Yes, a portion of W. P. Carey's dividends is classified as qualified dividends, which may have favorable tax treatment.