W. P. Carey Increases Quarterly Dividend to $0.870 per Share

Rhea-AI Summary

W. P. Carey (NYSE: WPC) announced an increase in its quarterly cash dividend to $0.870 per share, equating to an annualized rate of $3.48 per share. This new dividend will be payable on July 15, 2024, to stockholders recorded by June 28, 2024. As of March 31, 2024, W. P. Carey is one of the largest net lease REITs, owning 1,282 net lease properties totaling around 168 million square feet and 89 self-storage properties. With offices in New York, London, Amsterdam, and Dallas, the company focuses on single-tenant, industrial, warehouse, and retail properties in the U.S. and Northern and Western Europe.

Positive

• Quarterly dividend increased to $0.870 per share.
• Annualized dividend rate now $3.48 per share.
• W. P. Carey is one of the largest net lease REITs.
• Owns 1,282 net lease properties totaling approximately 168 million square feet.
• Portfolio includes 89 self-storage properties.
• Long-term net leases with built-in rent escalations.

Negative

• No negative business aspects were reported in this press release.

NEW YORK, June 13, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.870 per share, equivalent to an annualized dividend rate of $3.48 per share. The dividend is payable on July 15, 2024 to stockholders of record as of June 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 1,282 net lease properties covering approximately 168 million square feet and a portfolio of 89 self-storage operating properties as of March 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 the new quarterly dividend for W. P. Carey (WPC)?

The new quarterly dividend for W. P. Carey (WPC) is $0.870 per share.

When is the dividend payable date for W. P. Carey (WPC)?

The dividend payable date for W. P. Carey (WPC) is July 15, 2024.

What is the annualized dividend rate for W. P. Carey (WPC)?

The annualized dividend rate for W. P. Carey (WPC) is $3.48 per share.

How many properties does W. P. Carey (WPC) own?

W. P. Carey (WPC) owns 1,282 net lease properties and 89 self-storage properties.

What regions does W. P. Carey (WPC) invest in?

W. P. Carey (WPC) invests primarily in the U.S. and Northern and Western Europe.

What types of properties does W. P. Carey (WPC) focus on?

W. P. Carey (WPC) focuses on single-tenant, industrial, warehouse, and retail properties.