JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

This hasn't been the best year for W.P. Carey, but there's a good reason to be excited about the future. It is not a good start to a year when one of the first things you hand investors is a dividend cut. That's exactly how W.P. Carey (WPC 0.45%) began 2024, with a 20% dividend cut. But there's an interesting thing about that 20% number and what came after it. Here's why you might want to buy this dividend-cutter while its shares are below $65 and the dividend yield is above 5.5%. The bad news was announced ...

The REIT can produce a lot of passive income. W. P. Carey (WPC -1.14%) has a long history of paying dividends. While the diversified real estate investment trust (REIT) reset its payment level last year after making the strategic decision to exit the troubled office sector, it still offers a high yield. At more than 5.5%, it's significantly above the S&P 500's dividend yield (less than 1.5%). That high dividend yield enables investors to generate more income for every dollar they invest in the REIT's stock. ...

W. P. Carey has delivered its third dividend increase since resetting the level last year. W. P. Carey (WPC 1.78%) made a difficult decision last year. The diversified real estate investment trust (REIT) saw a myriad of headwinds facing the office sector, which led it to make the strategic decision to exit that space. As a result of that move and a desire to be more conservative, it also reset its dividend. It has already started to rebuild its portfolio and shareholder payout. With more growth ahead (and a ...

After a reset year, W.P. Carey is primed to start growing its business again. It has already begun bringing investors back to the stock. It would be an understatement to suggest that W.P. Carey (WPC -1.39%) let investors down in 2024. But there was a good reason for the decision that most infuriated Wall Street. And the moves that W.P. Carey made as the year got underway have now set it up for a much brighter future. Here's what you need to know. Close, but not enough: W.P. Carey's big letdown By 2023, W.P. ...

NEW YORK, Sept. 19, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.875 per share, equivalent to an annualized dividend rate of $3.50 per share. The dividend is payable on October 15, 2024 to stockholders of record as of September 30, 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, wh ...

Last fall, W.P. Carey (NYSE: WPC ) announced two steps to move forward. They decided to sell or spin off all their office assets and they decided to reduce their dividend payout ratio (on AFFO – Adjusted Funds From Operations). An unpopular dividend cut was the If you want to access my entire Portfolio and all my current Top Picks, feel free to join 'High Yield Landlord' for a 2-week free trial. We are the largest and best-rated community of real estate investors on Seeking Alpha with 2,500+ members on boar ...

This REIT can generate a steadily rising stream of passive dividend income. The old saying that it takes money to make money is true, at least when it comes to generating passive income. You need to make up-front investments, and those will eventually start throwing off income. On the plus side, it can be easy to get started. For example, anyone can open a brokerage account and buy dividend-paying stocks. One great option today for income-seeking investors is W.P. Carey (WPC 1.07%). That real estate investm ...

Core Thesis - W P Carey Inc (WPC) is undervalued with a P/FFO of 12 2x compared to the net lease retail REIT sector average of 13 5x and diversified REIT sector average [3] - The company's AFFO generation is primarily from industrial and warehouse properties which typically command higher multiples [3] - WPC has an investment grade balance sheet robust cash generation and a conservative AFFO payout ratio supporting growth [3] Valuation and Market Position - WPC's FWD P/FFO multiple is 13 1x lower than Realty Income (14 9x) and STAG Industrial (16 5x) [4] - The company should theoretically trade between Realty Income and STAG Industrial due to its heavy bias towards industrial/warehouse properties [4] Q2 2024 Performance - AFFO per share increased to $1 17 up $0 03 from the prior quarter driven by organic same store rent growth of 2 9% [5] - Positive rent recapture of 116% added 6 5 years of incremental weighted average leases with 50 basis points of incremental ABR [5] - Occupancy reached 98 8% [6] Asset Recycling and Growth Strategy - WPC has divested most office buildings reducing top-line generation but the asset recycling process is nearly complete [7] - The company has invested $641 million YTD at an initial weighted average cash cap rate of 7 7% focusing on industrial and warehouse properties [7] - 60% of investments are tied to CPI-linked rent escalators with an average cap of ~4 5% [7] Debt and Financing - WPC retired most of its 2024 debt reducing outstanding debt to $61 million with $700 million due in 2025 at a blended average interest rate of 4 2% [7] - The company issued $1 1 billion in unsecured notes with coupon rates of 4 25% and 5 375% minimizing future AFFO pressure [7] Future Outlook - WPC is expected to register continued AFFO growth as the asset recycling program concludes and liquidity is deployed at attractive cap rates [9] - Refinancing risk has been neutralized with future interest rate cuts likely to provide additional boosts to AFFO growth [9] - The company's P/FFO multiple remains below sector average despite its strong position in the industrial and warehouse segment [9]

In the middle of a transition year, W.P. Carey has a 5.7% dividend yield backed by a strong business and a cash pile that needs to be invested. Investors' first reaction to a dividend cut is often to hit the sell button. After that point, many on Wall Street won't even consider the dividend cutter again for years. That's the position that W.P. Carey (WPC 1.20%) finds itself in today as it looks to regain investor trust after a dividend cut. But there are some very good reasons to consider buying the net lea ...