NEW YORK, July 30, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the second quarter ended June 30, 2024.Financial Highlights2024 Second Quarter Net income attributable to W. P. Carey (millions) $142.9 Diluted earnings per share $0.65 AFFO (millions) $257.1 AFFO per diluted share $1.17 2024 AFFO guidance revised to between $4.63 and $4.73 per diluted share, based on anticipated full year inves ...

gremlin Father Time has proven to be one of the few insurmountable forces in life. Companies change as they age, evolve, or progress through the corporate life cycle. Most change for the better, while some change for the worse. Some companies evolve and reshape themselves through innovation, keeping up with the times and profiting as a result. On the other hand, some companies age less gracefully, becoming a victim of their former success. This past week, we wrote an article covering Realty Income Corporati ...

Morsa Images/DigitalVision via Getty Images Introduction and Previous Coverage We previously published an article on W. P. Carey Inc. (NYSE:WPC) on September 12th, 2023. This was before they announced the exit of their office assets with the spin-off and the asset sale program. It was also before they reset their dividend policy to 70% to 75% of AFFO. In 2023, their AFFO payout ratio was 78.5%. We issued a hold recommendation on the security and the article can be found here. Source: W. P. Carey Q 4 2023 Ea ...

W.P. Carey can finally start cashing in on its stake in Lineage Logistics.Lineage Logistics, a real estate investment trust (REIT) focused on cold storage facilities, is preparing to go public. It's seeking to raise up to $3.9 billion -- a $19.2 billion valuation -- making it the biggest initial public offering (IPO) of 2024 by a wide margin. It would be more than double the $1.5 billion raised by cruise operator Viking Holdings earlier this year at a $10.4 billion valuation. Lineage Logistics' IPO could be ...

Conference Call Scheduled for Wednesday, July 31, 2024 at 11:00 a.m. Eastern TimeNEW YORK, July 17, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT, announced today that it will release its financial results for the second quarter ended June 30, 2024 after the market closes on Tuesday, July 30, 2024.The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, July 31, 2024 at 11:00 a.m. Eastern Time, details of which a ...

D-Keine Investment Thesis I can't help but respect W. P. Carey's (NYSE:WPC) strong business metrics (high occupancy rate, solid WALT, reasonable tenant diversification) and the quality of its portfolio leaning towards industrial properties. These factors made me invest in the business in the first place. Nevertheless, there are some factors that cannot go unnoticed that made me stop adding since the announcement of the office properties exit plan: low quality of the management communication relatively low ...

Agree is a fast-growing REIT with an attractive yield. This competitor with a higher yield is transitioning its business so it can grow faster.There are a lot of things to like about Agree Realty (ADC 0.63%), but that doesn't make it the perfect selection for all investors. In fact, if you are dividend lover, you might find its generous 4.8% yield just doesn't get your blood running as much as the 6.3% yield from competitor W.P. Carey (WPC 1.34%). Here's why you might want to pick W.P. Carey over Agree Real ...

NEW YORK, July 10, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT, today announced that John Park will step down as President of the company effective September 30, 2024. Mr. Park will serve as Senior Advisor to the company through February 2025 and will continue to serve as a Trustee of Net Lease Office Properties (NYSE: NLOP) and the W. P. Carey Foundation. The separate role of President will be eliminated, and the title will be assumed by Jason Fox, the company's Chief Execut ...

In addition, W. P. Carey was selected as one of this year's Best Small and Medium Workplaces in New York by Fortune magazine. The Best Workplaces in New York™ list is highly competitive and determined by an analysis of over 140,000 survey responses from employees at eligible Great Place to Work Certified™ companies.Jason Fox, Chief Executive Officer, W. P. Carey said: "It's an honor to be certified as a Great Place to Work for the third consecutive year in the U.S. and the first time in the Netherlands, as ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to __________ Commission File Number: 001-13779 W. P. Carey Inc. (Exact name of registrant as specified in its charter) Maryland 45-4549771 (State of incorpora ...