W. P. Carey Increases Quarterly Dividend to $0.880 per Share

Rhea-AI Summary

W. P. Carey (NYSE: WPC) announced a dividend increase, with its Board of Directors raising the quarterly cash dividend to $0.880 per share, equivalent to an annualized dividend rate of $3.52 per share. The dividend will be paid on January 15, 2025 to stockholders of record as of December 31, 2024.

The company is among the largest net lease REITs, managing a diversified portfolio of 1,430 net lease properties spanning approximately 172 million square feet and 78 self-storage operating properties as of September 30, 2024. WPC focuses on single-tenant, industrial, warehouse and retail properties in the U.S. and Northern and Western Europe.

Positive

• Increased quarterly dividend to $0.880 per share
• Large diversified portfolio of 1,430 net lease properties
• Significant footprint with 172 million square feet of commercial real estate
• Geographic diversification across U.S. and Northern and Western Europe
• Built-in rent escalations in lease agreements

Negative

• None.

NEW YORK, Dec. 12, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.880 per share, equivalent to an annualized dividend rate of $3.52 per share. The dividend is payable on January 15, 2025 to stockholders of record as of December 31, 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 1,430 net lease properties covering approximately 172 million square feet and a portfolio of 78 self-storage operating properties as of September 30, 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 W. P. Carey's new quarterly dividend amount for 2025?

W. P. Carey's new quarterly dividend is $0.880 per share, equivalent to an annualized dividend rate of $3.52 per share.

When will WPC pay its next dividend?

WPC will pay its next dividend on January 15, 2025, to stockholders of record as of December 31, 2024.

How many properties does WPC currently manage in its portfolio?

As of September 30, 2024, WPC manages 1,430 net lease properties and 78 self-storage operating properties.

What is the total square footage of WPC's net lease portfolio?

WPC's net lease portfolio covers approximately 172 million square feet.

What types of properties does WPC primarily invest in?

WPC primarily invests in single-tenant, industrial, warehouse and retail properties under long-term net leases with built-in rent escalations.