Core Viewpoint - W.P. Carey offers a high dividend yield of 6.3%, significantly above the S&P 500's 1.2% and the average REIT's 3.8%, raising questions about the underlying risks associated with this investment opportunity [1] Dividend History - A dividend cut occurred at the start of 2024, which may deter conservative investors, but the dividend was subsequently increased in the following quarter and has continued to rise every quarter since [2][3] Portfolio Strategy - The decision to exit the office sector, which represented 16% of rents, was made to enhance the long-term outlook of the REIT amidst a downturn in that sector [3] - The exit from the office sector has provided W.P. Carey with cash to invest in new opportunities, with a record dollar volume of deals in Q4 2024 setting the stage for growth in 2025 [6] Financial Position - Rising interest rates present a challenge for W.P. Carey, increasing its cost of capital and complicating growth efforts, as REITs typically need to issue debt and equity for acquisitions [4] - Despite these challenges, the REIT's diversified portfolio across industrial (35%), warehouse (28%), and retail (12%) sectors, along with its geographical exposure (64% North America, 36% Europe), positions it favorably [7] Investment Consideration - The dividend reset may exclude W.P. Carey from some investors' portfolios, but the overall strategic decisions have potentially improved its standing as a net lease REIT [8][9] - The combination of diversification, a return to dividend growth, and anticipated financial performance improvements in 2025 may make W.P. Carey an attractive investment while shares are priced below $60 [9]

NEW YORK, Jan. 31, 2025 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) announced the income tax treatment of dividends reported on Form 1099-DIV for 2024. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of W. P. Carey dividends.CUSIP 92936U109 FORM 1099-DIV Box 1a Box 2a Box 3 Box 1b Box 2b Box 2f Box 5 Record Date PaymentDate DistributionPer Share OrdinaryDividends Capital Gain Distributions Nondividend Distributions ...

Core Points - W. P. Carey Inc. will release its financial results for Q4 and the full year ended December 31, 2024, after market close on February 11, 2025 [1] - A conference call and live audio webcast to discuss these results is scheduled for February 12, 2025, at 11:00 a.m. Eastern Time [2] Company Overview - W. P. Carey ranks among the largest net lease REITs with a diversified portfolio of high-quality commercial real estate, including 1,430 net lease properties covering approximately 172 million square feet and 78 self-storage operating properties as of September 30, 2024 [3] - The company focuses 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 [3]

The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. We accomplish this by combining several different income streams to form an attractive, steady portfolio payout. The portfolio's price can fluctuate, but the income stream remains consistent. Start your free two-week trial today!W. P. Carey Inc. (NYSE: WPC ) is a real estate investment trust with a solid and low-risk business model. Portfolio restructuring has resulted in lower profits in 2024, b ...

W. P. Carey (NYSE: WPC ) is a REIT historically known for its strategy of running a commercial real estate portfolio diversified across industrial, warehouse, retail, and office properties. With a dividend cut that began in 2023 and continued in 2024, someMy articles are written with a mind to owning a stock for years, not trying to predict price movements in a few months. I don't do target prices; I do valuations.I first entered investing in 2020 as an individual value investor, keen to understand the fund ...

I am focused on growth and dividend income. My personal strategy revolves around setting myself up for an easy retirement by creating a portfolio which focuses on compounding dividend income and growth. Dividends are an intricate part of my strategy as I have structured my portfolio to have monthly dividend income which grows through dividend reinvestment and yearly increases. Feel free to reach out to me on Seeking AlphaAnalyst’s Disclosure: I/we have a beneficial long position in the shares of O either th ...

After 24 consecutive annual dividend increases, W.P. Carey (WPC 1.81%) did something that seemed unthinkable -- it cut its dividend by 20%. That decision, which was made in 2023 but impacted the first dividend in 2024, has resulted in dividend investors avoiding this net lease real estate investment trust (REIT).That could be a buying opportunity if you have $1,000 or $100,000 to invest right now. Here's what you need to know.What did W.P. Carey do?At its core, W.P. Carey uses the fairly simple net lease ap ...

Core Viewpoint - W.P. Carey is currently undervalued, offering a 6.6% yield despite a 40% decline in share price since 2019, making it an attractive option for passive income seekers [1][3]. Group 1: Stock Price Pressure - W.P. Carey faced stock price pressure due to its decision to spin off its office segment in late 2023, which led to a reduction in dividend payouts [3][4]. - The company’s dividend was lowered by 19.7% to $0.86 per share in 2023, contributing to investor caution [9]. - Rising Treasury yields, which increased by 27.9% since mid-September 2023, have made reliable dividend stocks like W.P. Carey less attractive [5][6]. Group 2: Financial Performance - In Q3 2024, W.P. Carey reported adjusted funds from operations (FFO) of $1.18 per share, only 12% lower than the previous year [8]. - The REIT raised its dividend payout four times in 2024 to $0.88 per share, indicating a recovery and potential for future increases [9][10]. - The company invested $1.6 billion in 2024 into single-tenant warehouse and industrial properties, which is expected to enhance future FFO [10][11]. Group 3: Investment Outlook - W.P. Carey is positioned to support future dividend increases due to sufficient earnings and a growing portfolio [11]. - The current high yield makes it a compelling option for income-seeking investors, even with a slower growth rate [12].

Shares of W.P. Carey (WPC -1.64%) declined 15.9% in 2024, according to data from S&P Global Market Intelligence. That significantly underperformed the S&P 500, which gained 23.3% on the year. Here's a look at what weighed on the diversified REIT last year and whether it can bounce back in 2025.Tearing down to build back betterW.P. Carey made a major strategy shift in late 2023. The REIT decided to exit the challenging office sector by spinning off and selling its office portfolio. As a result of that move a ...

Portfolio Acquisitions and Investments - The company spent $200 million to acquire 106 discount retail properties across 21 states, leased to Dollar General, with a weighted-average remaining lease term of 14.3 years and built-in rent escalation [1] - It plans to purchase nine additional stores in Q1 2024 for around $20 million [1] - The company acquired a 1.1 million-square-foot U.S. battery factory leased to Canadian Solar for $100 million, with a 12.4-year NNN lease and rent escalation clause [1] - It completed a $100 million sale-leaseback of a five-building manufacturing and industrial campus in Mexico, totaling 1.1 million square feet, with a 25-year NNN lease and rent escalators [1] - The company purchased a 209,000-square-foot U.S. data center leased to a Brookfield Infrastructure subsidiary for $100 million, with an 11.1-year NNN lease and rent escalators [1] Portfolio Restructuring and Strategy - The company spent much of 2023 remodeling its portfolio by removing offices and non-core properties, allowing it to upgrade to higher-quality properties with better long-term prospects [3] - It exited the office sector and sold off other non-core properties, using the proceeds to invest $1.6 billion in new properties [5] - The company focused on industrial real estate (60% of investment volume) and retail properties (30%), with 75% of investments in North America and 25% in Europe [8] - It achieved a strong initial real estate cap rate of 7.5%, with an average yield of around 9% when factoring in rent growth over the lease terms [8] Financial Performance and Dividend Growth - The company raised its dividend four times in 2023, with a current yield of nearly 6.5%, and is poised for further growth in 2025 due to new investments and growth drivers [6] - It ended 2024 with a total investment volume of $1.6 billion, within its guidance range of $1.25 billion to $1.75 billion, and a record Q4 investment volume of $845 million [7] - The company's strong finish in 2024 positions it to grow its adjusted funds from operations (FFO) and dividend in 2025, supported by best-in-class rent escalation [9] Liquidity and Future Investment Potential - The company has substantial liquidity from selling off its office portfolio and other non-core properties, enabling it to continue making accretive acquisitions without issuing additional stock [2][10] - It holds other non-core properties, including 78 self-storage centers, four hotels, and two student housing properties, as well as a stake in cold storage REIT Lineage Logistics, which could be liquidated [11] - The company is well-positioned to continue making investments in 2025, leveraging its strong liquidity and portfolio restructuring efforts [10]