W. P. Carey Announces Full Exercise of Underwriters' Option to Purchase Additional Shares [Accessibility Statement] Skip NavigationNEW YORK, Feb. 25, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that the underwriters of its previously closed and announced underwritten public offering of an aggregate of 6,000,000 shares of common stock, offered on a forward basis, have exercised in full their option to purchase an additional 900,000 shares of the Company's common stock. Th ...

W. P. Carey Inc. (NYSE:WPC) is included among the 14 Best Real Estate Stocks to Buy According to Hedge Funds. BofA Raises W. P. Carey (WPC) Price Target as Net Lease Investment Activity Remains Strong On February 17, BofA raised its price recommendation on W. P. Carey Inc. (NYSE:WPC) to $72 from $63. It reiterated an Underperform rating on the stock. The analyst said the firm had updated its price targets across the triple-net REIT sector following fourth-quarter results. The firm noted that acquisition ...

Core Insights - W. P. Carey (WPC) completed $2.1 billion in acquisitions during the 2025 fiscal year, indicating strong growth and strategic expansion in its portfolio [1] - The company managed to outperform expectations for its 2026 adjusted funds from operations (FFO), reflecting a rebound in underlying performance metrics [1] Financial Performance - The completion of $2.1 billion in acquisitions suggests a robust investment strategy aimed at enhancing asset value and revenue generation [1] - The positive performance in adjusted FFO indicates a recovery and potential for continued growth in the commercial real estate investment trust (REIT) sector [1]

In this article, we will take a look at the 14 Best Real Estate Stocks to Buy According to Hedge Funds.In its December outlook report, Morgan Stanley said that the balance of risks and opportunities in real estate is moving away from broad macro factors like trade uncertainty, interest rates, and fiscal stimulus. Instead, performance over the next 12 to 24 months is expected to be driven more by sector-specific trends, individual markets, and asset-level fundamentals.The firm noted that fiscal and monetary ...

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Core Viewpoint - W. P. Carey Inc. has successfully closed a public offering of 6,000,000 shares of common stock, generating gross proceeds of $432 million, with plans to utilize the funds for future investments, debt repayment, and general corporate purposes [1] Group 1: Offering Details - The offering included a 30-day option for underwriters to purchase an additional 900,000 shares [1] - The company entered into forward sale agreements with Bank of America and JPMorgan Chase, allowing for the borrowing and selling of shares to underwriters [1] - The expected physical settlement of the forward sale agreements will occur within approximately 24 months from the date of the prospectus supplement [1] Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund potential future investments, repay certain indebtedness, and for general corporate purposes [1] - The company has an unsecured revolving credit facility that may be repaid using the proceeds [1] Group 3: Company Profile - W. P. Carey Inc. is an internally-managed, diversified REIT primarily focused on owning commercial real estate, with a significant portion of revenue derived from lease income [1] - The company's real estate portfolio mainly consists of single-tenant industrial, warehouse, and retail facilities critical to tenant operations [1]

Core Insights - REITs are regaining favor in 2026, leading to renewed equity issuance opportunities for companies like W.P. Carey Inc. (WPC) and Getty Realty Corp. (GTY) [1][2] - Both companies experienced temporary declines in share prices following their equity offerings, presenting potential buying opportunities for investors [1][5] REIT Market Dynamics - Historically, REITs have been hesitant to issue equity due to concerns over dilution affecting AFFO/share and NAV [2] - In 2026, stock prices for WPC and GTY have risen due to strong earnings reports, making equity issuance more viable [2][3] Share Offerings Impact - Share offerings create temporary liquidity events that can significantly alter stock prices [4] - WPC's issuance of 6 million shares at $72 each raised $432 million, resulting in a 4% drop in stock price on the announcement day [6][10] - GTY's offering of 4 million shares at $32.75 led to a larger price drop of about 7% due to its proportionally larger impact on outstanding shares [14][16] Financial Metrics and Projections - WPC's expected AFFO/share for 2026 is $5.17, leading to a cost of equity of 7.18% from the recent issuance [10][12] - The capital raised will fund approximately $864 million in acquisitions, with a projected cash cap rate of around 7.25%, significantly above WPC's cost of capital [10][12] - GTY's expected AFFO/share is $2.51, with a cost of equity of 7.66% from its recent issuance, and a blended cost of capital of 6.71% [16][17] Management and Strategy - Effective REIT management is crucial for determining the success of equity offerings, focusing on cost of capital and cap rates on the use of proceeds [19][20] - Both WPC and GTY strategically chose to issue equity when market conditions were favorable, indicating disciplined management practices [21]

Core Insights - W.P. Carey (WPC) shares have increased by 12.1% over the past three months, outperforming the industry growth of 7.4% [1][7] - The company benefits from a high-quality, diversified portfolio of single-tenant, net-lease commercial real estate, with strategic portfolio-repositioning efforts showing promise [1][4] - A solid balance sheet supports future growth, with total liquidity of $2.2 billion as of December 31, 2025 [8] Financial Performance - In Q4 2025, WPC reported adjusted funds from operations (AFFO) per share of $1.27, exceeding the Zacks Consensus Estimate of $1.26, and reflecting a 5% increase from the previous year [2][7] - The Zacks Consensus Estimate for WPC's 2026 AFFO per share has been revised upward by 2 cents to $5.12 over the past two months [2] Portfolio and Operations - W.P. Carey has one of the largest portfolios of single-tenant net lease commercial real estate in the U.S. and Northern and Western Europe, with an occupancy rate of 98% as of December 31, 2025 [4][5] - The company specializes in sale-leaseback transactions, which contribute to higher occupancy and better risk-adjusted returns [4] - The portfolio is well-diversified by tenant, industry, property type, and geography, with the top 10 tenants accounting for 18.8% of annualized base rent [5] Growth Strategy - W.P. Carey capitalized on growth opportunities with a total investment value of $2.1 billion in 2025 and a disposition volume of approximately $1.5 billion [6] - The gross sale proceeds from non-core asset sales are intended for funding value-accretive investments, indicating prudent capital management [6] Balance Sheet Strength - As of December 31, 2025, W.P. Carey had a net debt to adjusted EBITDA ratio of 5.9X and holds investment-grade ratings of BBB+ from S&P Global Ratings and Baa1 from Moody's [8]

Core Viewpoint - W. P. Carey Inc. has announced the pricing of a public offering of 6,000,000 shares of common stock, aiming for gross proceeds of $432 million, with an option for underwriters to purchase an additional 900,000 shares [1] Group 1: Offering Details - The offering is structured as a forward sale agreement, with proceeds intended for future investments, debt repayment, and general corporate purposes [1] - The company has engaged BofA Securities and J.P. Morgan as joint book-running managers for the offering [1] - The forward sale agreements involve the forward purchasers borrowing shares to sell to underwriters, totaling 6,000,000 shares, or 6,900,000 if the underwriters' option is fully exercised [1] Group 2: Settlement and Use of Proceeds - The company is obligated to issue shares upon physical settlement of the forward sale agreements within approximately 24 months from the prospectus supplement date [1] - Proceeds from the offering will be used to fund potential future investments, repay certain debts, and for general corporate purposes [1] Group 3: Company Profile - W. P. Carey Inc. is an internally-managed, diversified REIT, primarily owning commercial real estate leased to companies in the U.S. and Europe [1] - The majority of the company's revenue comes from lease income generated by its real estate portfolio, which includes single-tenant industrial, warehouse, and retail facilities [1]

Core Viewpoint - W. P. Carey Inc. has announced a public offering of 6,000,000 shares of common stock, with an option for underwriters to purchase an additional 900,000 shares, aimed at funding future investments, repaying debt, and general corporate purposes [1]. Group 1: Offering Details - The offering consists of 6,000,000 shares of common stock, with a potential total of 6,900,000 shares if the underwriters' option is fully exercised [1]. - BofA Securities and J.P. Morgan are acting as joint book-running managers for the offering [1]. - The company plans to enter into forward sale agreements with Bank of America and JPMorgan Chase Bank, where the forward purchasers will borrow shares to sell to the underwriters [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for potential future investments, repayment of certain indebtedness, and general corporate purposes [1]. - The company expects to physically settle the forward sale agreements within approximately 24 months from the date of the prospectus supplement [1]. Group 3: Company Overview - W. P. Carey Inc. is an internally-managed, diversified REIT, primarily owning commercial real estate leased to companies in the U.S. and Europe [1]. - The majority of the company's revenue comes from lease revenue generated by its real estate portfolio, which includes single-tenant industrial, warehouse, and retail facilities [1].