W. P. Carey Inc. Increases Quarterly Dividend to $1.059 per Share

Rhea-AI Summary

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.

Positive

• Increase in quarterly dividend to $1.059 per share, reflecting company confidence.
• Diversified portfolio of 1,336 net lease properties, enhancing revenue stability.

Negative

• None.

NEW YORK, June 16, 2022 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.059 per share, equivalent to an annualized dividend rate of $4.24 per share. The dividend is payable on July 15, 2022 to stockholders of record as of June 30, 2022.

W. P. Carey Inc.

W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $22 billion and a diversified portfolio of operationally critical commercial real estate that includes 1,336 net lease properties covering approximately 157 million square feet as of March 31, 2022. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry. 
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 new quarterly dividend amount for WPC?

W. P. Carey Inc. has increased its quarterly cash dividend to $1.059 per share.

When will the dividend be paid to shareholders of WPC?

The dividend will be payable on July 15, 2022, to stockholders of record as of June 30, 2022.

What is the annualized dividend rate for WPC after the increase?

The annualized dividend rate for W. P. Carey Inc. is now $4.24 per share.

How many properties does WPC own?

W. P. Carey Inc. owns 1,336 net lease properties covering approximately 157 million square feet.

What is the enterprise value of W. P. Carey Inc.?

The enterprise value of W. P. Carey Inc. is approximately $22 billion.