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2023-11-19 09:38:00 ET For 24 consecutive years, W.P. Carey (NYSE: WPC) increased its dividend annually. The streak went all the way back to the company's IPO. However, in one swift move, management upended the consistency with a major portfolio overhaul and a dividend cut. Wall Str...
2023-11-18 10:00:00 ET Summary Interestingly, the WPC management's de-risking path through asset divestiture, reduced investment target, and deleveraging is one that is drastically different from Realty Income, O. While O's dividends appear to be safe, WPC's strategy may be more p...
2023-11-18 07:43:00 ET W.P. Carey (NYSE: WPC) has been a terrific dividend stock over the years. The real estate investment trust (REIT) had steadily increased its payout each year for nearly a quarter century. However, that streak is ending following the diversi...
2023-11-15 21:33:33 ET Summary W. P. Carey's core real estate business performed well in Q3, indicating the market may be too bearish on the REIT. The spin-off of its office real estate portfolio repelled dividend investors, but it presents a turnaround investment opportunity. ...
2023-11-15 21:07:38 ET Summary W. P. Carey spun off 59 office properties into a new entity called Net Lease Office Properties. NLOP has a well-diversified portfolio with high occupancy rates and the potential for significant upside revaluation. NLOP shares are trading at a hug...
2023-11-15 08:10:00 ET Summary S&P 500 and Dow Jones dropped for the third straight month in October, just before staging a remarkable reversal in November. Interest rates were kept steady again in a range of 5.25% to 5.5%, and it is uncertain if 2023 will see yet another hike...
2023-11-15 08:00:00 ET Summary W. P. Carey Inc. is a REIT with a market capitalization of $12 billion and a diversified portfolio of 1,472 net lease properties comprising ~179 million square feet. Compared to other peers, WPC's total return got really obliterated YTD, already fall...
2023-11-14 18:56:36 ET "It's the economy, stupid," is a maxim of long-standing in the political world. It's also front of mind for many investors in real estate investment trusts (REITs), as evidenced by the dramatic upswings of many stocks in the sector on Tuesday. There was some highly en...
2023-11-14 07:20:22 ET Summary Net Lease Office Properties is a spinoff of office assets from W.P. Carey and now trades under its own ticker symbol. NLOP has $141 million of annual base rent from mostly investment-grade tenants. NLOP has a strong balance sheet with $1.45 billi...
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...
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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...