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2023-11-13 12:30:52 ET Summary W. P. Carey's spin-off of Net Lease Office Properties has destroyed shareholder value for WPC and left long-term investors scarred. WPC shareholders are now proud recipients of a bouncing baby called NLOP. We examine the setup for NLOP and estima...
2023-11-13 09:00:00 ET Summary Following the best week of the year, U.S. equity markets were mixed this week as interest rates rebounded from the prior week's plunge after Fed officials pushed back on market optimism. Posting gains in nine out of ten sessions since dipping into "c...
2023-11-12 14:00:00 ET Summary W. P. Carey plans to spin off its office real estate portfolio, leading to a lower AFFO outlook for 2024. The updated dividend policy will pay out 70-75% of pro forma AFFO, resulting in a leading dividend yield of 6.0-6.5%. Despite the lower divi...
2023-11-07 07:35:00 ET Summary WPC previously enjoyed a reputation as a very stable, defensive, and slightly growing high yield stock. However, investors have been let down by management in the form of an impending 20% dividend cut. We look at two other ways in which WPC manag...
2023-11-06 12:52:15 ET Summary W. P. Carey Inc. stock fell to lows last seen in May 2020, as investors worry about higher execution risks, given its recent office assets' spinoff. The market wants to know whether W. P. Carey can recover its AFFO per share in time, given the uncert...
2023-11-05 15:38:36 ET Summary We were short the REIT space for many months, and recently started warming up to select names. A questionable spinoff of WPC's office assets into Net Lease Office Properties and sales of the remaining office properties will provide a cash influx. ...
2023-11-03 13:18:14 ET W. P. Carey Inc. (WPC) Q3 2023 Earnings Conference Call November 3, 2023, 10:00 AM ET Company Participants Peter Sands - Head, Investor Relations Jason Fox - Chief Executive Officer Toni Sanzone - Chief Financial Officer John Park - Pre...
2023-11-03 08:10:57 ET More on W. P. Carey W. P. Carey Will Still Yield 7% After The Dividend Cut Buy The Dip In High Yield REITs: Essential Properties Stock Vs. W. P. Carey Stock Forget The Hype, W. P. Carey Is An Absolute Bargain W. P. Carey reports mixed Q...
2023-11-03 07:33:03 ET W. P. Carey press release ( NYSE: WPC ): Q3 FFO of $1.32 in-line. Revenue of $448.6M (+16.9% Y/Y) misses by $1.43M . Outlook: 2023 AFFO guidance range lowered and narrowed to between $5.17 and $5.23 per diluted share vs. consensus of $5.1...
W. P. Carey Announces Third Quarter 2023 Financial Results PR Newswire NEW YORK , Nov. 3, 2023 /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 third qua...
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2024-07-23 07:13:00 ET 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 ...
W. P. Carey to Release Second Quarter 2024 Financial Results on Tuesday, July 30, 2024 PR Newswire Conference Call Scheduled for Wednesday, July 31, 2024 at 11:00 a.m. Eastern Time NEW YORK , July 17, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. ...
2024-07-13 11:37:00 ET There are a lot of things to like about Agree Realty (NYSE: ADC) , 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...