W. P. Carey Increases Quarterly Dividend to $0.865 per Share

Rhea-AI Summary

W. P. Carey Inc. (WPC) announced an increase in its quarterly cash dividend to $0.865 per share, representing an annualized dividend rate of $3.46 per share. The dividend will be paid on April 15, 2024, to stockholders of record as of March 28, 2024. W. P. Carey is a leading net lease REIT with a diverse portfolio of commercial real estate properties in the U.S. and Europe.

Insights

Financial Analyst

The increase in quarterly cash dividend announced by W. P. Carey Inc. indicates a positive cash flow situation, suggesting that the company's net lease property investments are generating reliable income. This is a sign of financial health and stability, which can be attractive to investors looking for steady income streams through dividends. It's important to evaluate the dividend yield, which is the dividend per share divided by the price per share. If the yield is higher than what's available from other investments with similar risk profiles, it could draw more investors to the stock.

However, investors should also consider the payout ratio, which is the proportion of earnings paid out as dividends. A high payout ratio could mean the company is returning most of its profits to shareholders, leaving less capital for growth opportunities. It's essential to balance between rewarding shareholders and reinvesting in the company's expansion.

Real Estate Market Analyst

W. P. Carey's focus on single-tenant, industrial, warehouse and retail properties in geographically diverse and economically stable regions is a strategic choice. These property types tend to offer stable cash flows due to long-term net leases with built-in rent escalations, which can protect against inflation. The company's diversification across property types and regions can reduce risk and enhance the resilience of its portfolio.

Investors should pay attention to the broader market trends in commercial real estate, including shifts in supply and demand, e-commerce growth impacting warehouse and industrial spaces and the health of the retail sector. Understanding these factors can provide insights into the company's potential performance and the sustainability of its dividend payments over the long term.

NEW YORK, March 14, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.865 per share, equivalent to an annualized dividend rate of $3.46 per share. The dividend is payable on April 15, 2024 to stockholders of record as of March 28, 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 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023. 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 new quarterly cash dividend announced by W. P. Carey Inc. (WPC)?

W. P. Carey Inc. (WPC) increased its quarterly cash dividend to $0.865 per share.

What is the annualized dividend rate after the increase announced by W. P. Carey Inc. (WPC)?

The annualized dividend rate after the increase by W. P. Carey Inc. (WPC) is $3.46 per share.

When will the increased dividend be paid to stockholders by W. P. Carey Inc. (WPC)?

The increased dividend will be paid on April 15, 2024, to stockholders of record as of March 28, 2024.

What type of properties does W. P. Carey Inc. (WPC) primarily invest in?

W. P. Carey Inc. (WPC) primarily invests in single-tenant, industrial, warehouse, and retail properties located in the U.S. and Northern and Western Europe.

How many net lease properties does W. P. Carey Inc. (WPC) have in its portfolio?

W. P. Carey Inc. (WPC) has 1,424 net lease properties covering approximately 173 million square feet in its portfolio.

Where are the offices of W. P. Carey Inc. (WPC) located?

W. P. Carey Inc. (WPC) has offices in New York, London, Amsterdam, and Dallas.