W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.
IPO Year:
Exchange: NYSE
Website: wpcarey.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/31/2024 | $57.00 | Neutral | UBS |
| 3/27/2024 | $40.00 | Equal Weight | Barclays |
| 2/12/2024 | Outperform → Mkt Perform | Raymond James | |
| 11/13/2023 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 9/26/2023 | $75.00 → $60.00 | Outperform → Market Perform | BMO Capital Markets |
| 9/21/2023 | $66.00 | Equal Weight | Wells Fargo |
| 8/14/2023 | $78.00 → $67.00 | Neutral → Underperform | BofA Securities |
| 6/14/2023 | $74.00 | Underperform | Exane BNP Paribas |
| 6/28/2022 | $88.00 | Peer Perform | Wolfe Research |
| 6/23/2022 | Outperform → In-line | Evercore ISI |
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Brings 30+ Years of Technology Experience to WPC Board NEW YORK, March 18, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a net lease real estate investment trust, today announced the appointment of Rhonda Gass to its Board of Directors, effective immediately. Ms. Gass will serve as a member of the Audit Committee and brings more than 30 years of experience in technological transformation, cybersecurity and digital risk management. Jason Fox, Chief Executive Officer and Board Member at W. P. Carey, said: "We are thrilled to welcome Rhonda to W. P. Carey's Boar
NEW YORK, Nov. 27, 2023 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the open of trading on Thursday, November 30: Carlyle Group Inc. (NASD: CG) will replace ICU Medical Inc. (NASD: ICUI) in the S&P MidCap 400. ICU Medical will replace PacWest Bancorp (NASD: PACW) in the S&P SmallCap 600. Banc of California Inc. (NYSE:BANC) is acquiring PacWest Bancorp in a deal expected to be completed soon, pending final closing conditions. Post-merger, Banc of California will remain in the S&P SmallCap 600. ICU Medical is more representative of the small-cap market space.WP Carey Inc. (NYSE: WPC) will replace Worthingt
Urban Edge Properties (NYSE:UE) announced today the appointment of Catherine D. Rice to the Company's Board of Trustees, effective March 15, 2023. Ms. Rice is a seasoned leader with an extensive background in the real estate and financial industries and on public company boards. Her more than thirty-five years of experience includes key management and CFO roles with public and private real estate companies and deep expertise in the public and private capital markets where she has been involved in over $50 billion of capital-raising and financial advisory transactions. "We are thrilled to welcome Katy to our Board," said Jeff Olson, Chairman and CEO. "She brings valuable expertise across a
Board Member Elisabeth Stheeman Brings 30+ Years of Financial and Real Estate Experience NEW YORK, Dec. 12, 2022 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a net lease real estate investment trust, today announced the appointment of Elisabeth Stheeman to its Board of Directors, effective immediately. Ms. Stheeman will serve as a member of both the Investment and Nominating & Corporate Governance Committees. Jason Fox, Chief Executive Officer and Board Member at W. P. Carey, said: "Elisabeth has unmatched experience in the financial services and real estate industries, having held prominent leadership roles at some of the largest and most impactful global companies in the se
BURLINGTON, Mass., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Progress (NASDAQ:PRGS), the trusted provider of infrastructure software, today announced the appointment of YuFan Stephanie Wang (Stephanie) to the role of Executive Vice President (EVP), Chief Legal Officer (CLO) and Secretary. In this role, Stephanie will oversee all aspects of Progress' legal, compliance and corporate governance efforts. "We are thrilled to have Stephanie in the role of Chief Legal Officer," said Yogesh Gupta, CEO, Progress. "In the short time she's been with Progress, Stephanie has made a significant impact in the areas of corporate governance, M&A efforts related to Total Growth Strategy, our ESG efforts, and more
NEW YORK, March 11, 2022 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a net lease real estate investment trust, today announced the appointment of Constantin H. Beier to its Board of Directors, effective immediately. He will serve as a member of the Audit Committee. Mr. Beier is the Chief Data Officer and a member of the Executive Leadership Team at Aon plc, a global professional services firm providing a broad range of risk, health and wealth solutions. He is based in London. Jason Fox, Chief Executive Officer and Board Member at W. P. Carey, said: "Constantin's
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UBS initiated coverage of W.P. Carey with a rating of Neutral and set a new price target of $57.00
Barclays initiated coverage of W.P. Carey with a rating of Equal Weight and set a new price target of $40.00
Raymond James downgraded W.P. Carey from Outperform to Mkt Perform
JMP Securities downgraded W.P. Carey from Mkt Outperform to Mkt Perform
BMO Capital Markets downgraded W.P. Carey from Outperform to Market Perform and set a new price target of $60.00 from $75.00 previously
Wells Fargo initiated coverage of W.P. Carey with a rating of Equal Weight and set a new price target of $66.00
BofA Securities downgraded W.P. Carey from Neutral to Underperform and set a new price target of $67.00 from $78.00 previously
Exane BNP Paribas initiated coverage of W.P. Carey with a rating of Underperform and set a new price target of $74.00
Wolfe Research initiated coverage of W.P. Carey with a rating of Peer Perform and set a new price target of $88.00
Evercore ISI downgraded W.P. Carey from Outperform to In-line
NEW YORK, Oct. 29, 2024 /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 quarter ended September 30, 2024. Financial Highlights 2024 Third Quarter Net income attributable to W. P. Carey (millions) $111.7 Diluted earnings per share $0.51 AFFO (millions) $259.3 AFFO per diluted share $1.18 2024 AFFO guidance range narrowed to between $4.65 and $4.71 per diluted share based on anticipated full year investment volume of between $1.25 billion and $1.75 billionThird quarter cash dividend of $0.875 per share, equivalent to an annualized dividend rate of $3.50 per shareReal Estate Po
Conference Call Scheduled for Wednesday, October 30, 2024 at 11:00 a.m. Eastern Time NEW YORK, Oct. 15, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a leading net lease REIT, announced today that it will release its financial results for the third quarter ended September 30, 2024 after the market closes on Tuesday, October 29, 2024. The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, October 30, 2024 at 11:00 a.m. Eastern Time, details of which are provided below. Live Conference Call and Audio Webcast Date/Time: Wednesday, October 30, 2024 at 11:00 a.m. Eastern TimeCall-in Number: 1 (877) 465-1289 (U.S.) or +1 (20
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, which includes 1,291 net lease properties covering approximately 170 million square feet and a portfolio of 89 self-storage operating properties as of June 30, 2024. With offices in New York
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. Carey, NYSE:WPC), a leading net lease REIT, announced today that it will release its financial results for the second quarter ended June 30, 2024 after the market closes on Tuesday, July 30, 2024. The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, July 31, 2024 at 11:00 a.m. Eastern Time, details of which are provided below. Live Conference Call and Audio Webcast Date/Time: Wednesday, July 31, 2024 at 11:00 a.m. Eastern TimeCall-in Number: 1 (877) 465-1289 (U.S.) or +1 (201) 689-8762 (int
NEW YORK, June 13, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.870 per share, equivalent to an annualized dividend rate of $3.48 per share. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 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, which includes 1,282 net lease properties covering approximately 168 million square feet and a portfolio of 89 self-storage operating properties as of March 31, 2024. With offices in New York, London
NEW YORK, April 30, 2024 /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 first quarter ended March 31, 2024. Financial Highlights 2024 First Quarter Net income attributable to W. P. Carey (millions) $159.2 Diluted earnings per share $0.72 AFFO (millions) $251.9 AFFO per diluted share $1.14 Affirming 2024 AFFO guidance of between $4.65 and $4.75 per diluted share, based on anticipated full year investment volume of between $1.5 billion and $2.0 billionFirst quarter cash dividend of $0.865 per share, equivalent to an annualized dividend rate of $3.46 per shareReal Estate Portfolio
Conference Call Scheduled for Wednesday, May 1, 2024 at 11:00 a.m. Eastern Time NEW YORK, April 10, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a leading net lease REIT, announced today that it will release its financial results for the first quarter ended March 31, 2024 after the market closes on Tuesday, April 30, 2024. The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, May 1, 2024 at 11:00 a.m. Eastern Time, details of which are provided below. Live Conference Call and Audio WebcastDate/Time: Wednesday, May 1, 2024 at 11:00 a.m. Eastern TimeCall-in Number: 1 (877) 465-1289 (U.S.) or +1 (201) 689-8762 (internat
NEW YORK, March 14, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.865 per share, equivalent to an annualized dividend rate of $3.46 per share. The dividend is payable on April 15, 2024 to stockholders of record as of March 28, 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, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023. With offices in New York,
NEW YORK, Feb. 9, 2024 /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 fourth quarter and full year ended December 31, 2023. Financial Highlights 2023 Fourth Quarter Full Year Net income attributable to W. P. Carey (millions) $144.3 $708.3 Diluted earnings per share $0.66 $3.28 AFFO (millions) $261.4 $1,118.3 AFFO per diluted share $1.19 $5.18 2024 AFFO guidance range narrowed to between $4.65 and $4.75 per diluted share, based on anticipated full year investment volume of between $1.5 billion and $2.0 billionFourth quarter cash dividend of $0.860 per share, equivalent to an annua
NEW YORK, Jan. 29, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC) announced the income tax treatment of dividends reported on Form 1099-DIV for 2023. 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 2e Box 2f Box 5 Record Date Payment Date Distribution Per Share Ordinary Dividends Capital Gain Distributions Nondividend Distributions Qualified Dividends(1) Unrecaptured Section 1250 Gain(2) Section 897 Ordinary Dividends(3) Section 897 Capital Gain(4) Section 199A Dividends(5) Section 1061 One-Year Amounts Disclosure(6) Section
NEW YORK, Oct. 29, 2024 /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 quarter ended September 30, 2024. Financial Highlights 2024 Third Quarter Net income attributable to W. P. Carey (millions) $111.7 Diluted earnings per share $0.51 AFFO (millions) $259.3 AFFO per diluted share $1.18 2024 AFFO guidance range narrowed to between $4.65 and $4.71 per diluted share based on anticipated full year investment volume of between $1.25 billion and $1.75 billionThird quarter cash dividend of $0.875 per share, equivalent to an annualized dividend rate of $3.50 per shareReal Estate Po
Prestigious recognitions highlight W. P. Carey's inclusive and positive workplace culture NEW YORK, Oct. 24, 2024 /PRNewswire/ -- W. P. Carey (W. P. Carey, NYSE: WPC), a leading net lease REIT, is proud to announce it has been selected as one of the 2024 Best Workplaces in Real Estate™ and Best Workplaces for Women™ by Fortune. The Best Workplaces lists are based on an analysis of survey responses from Great Place to Work Certified™ companies. "We are incredibly honored that W. P. Carey has been recognized as a top workplace in real estate and a top workplace for women," said
Conference Call Scheduled for Wednesday, October 30, 2024 at 11:00 a.m. Eastern Time NEW YORK, Oct. 15, 2024 /PRNewswire/ -- W. P. Carey Inc. ((W. P. Carey, NYSE:WPC), a leading net lease REIT, announced today that it will release its financial results for the third quarter ended September 30, 2024 after the market closes on Tuesday, October 29, 2024. The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, October 30, 2024 at 11:00 a.m. Eastern Time, details of which are provided below. Live Conference Call and Audio Webcast Date/Time: Wednesday, October 30, 2024 at 11:00 a.m. Eastern TimeCall-in Number: 1 (877) 465-1289 (U.S.) or +1 (20
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, which includes 1,291 net lease properties covering approximately 170 million square feet and a portfolio of 89 self-storage operating properties as of June 30, 2024. With offices in New York
Gift strengthens ongoing partnership with the Foundation and brings lifetime commitment to ASU to more than $100 million TEMPE, Ariz., Aug. 5, 2024 /PRNewswire/ -- The W. P. Carey Foundation (the "Foundation") and Arizona State University's W. P. Carey School of Business are partnering to expand the scope, strength and reach of the school's real estate programs. The Foundation recently committed an additional $25 million to ASU, bringing the W. P. Carey Foundation's lifetime commitment to more than $100 million. "A true partnership goes beyond just a monetary transaction, as i
NEW YORK, July 30, 2024 /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 second quarter ended June 30, 2024. Financial Highlights 2024 Second Quarter Net income attributable to W. P. Carey (millions) $142.9 Diluted earnings per share $0.65 AFFO (millions) $257.1 AFFO per diluted share $1.17 2024 AFFO guidance revised to between $4.63 and $4.73 per diluted share, based on anticipated full year investment volume of between $1.25 billion and $1.75 billion Second quarter cash dividend of $0.870 per share, equivalent to an annualized dividend rate of $3.48 per shareReal Estate Portfol
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. Carey, NYSE:WPC), a leading net lease REIT, announced today that it will release its financial results for the second quarter ended June 30, 2024 after the market closes on Tuesday, July 30, 2024. The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, July 31, 2024 at 11:00 a.m. Eastern Time, details of which are provided below. Live Conference Call and Audio Webcast Date/Time: Wednesday, July 31, 2024 at 11:00 a.m. Eastern TimeCall-in Number: 1 (877) 465-1289 (U.S.) or +1 (201) 689-8762 (int
NEW YORK, July 10, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT, today announced that John Park will step down as President of the company effective September 30, 2024. Mr. Park will serve as Senior Advisor to the company through February 2025 and will continue to serve as a Trustee of Net Lease Office Properties (NYSE:NLOP) and the W. P. Carey Foundation. The separate role of President will be eliminated, and the title will be assumed by Jason Fox, the company's Chief Executive Officer. Mr. Park joined W. P. Carey in 1987, working alongside Founder Wm. Polk Carey in various roles of increasing responsibility. He led many of W. P. Carey's transformative transac
Also Named One of the 2024 Fortune Best Workplaces in New York™ NEW YORK, July 8, 2024 /PRNewswire/ -- W. P. Carey ((W. P. Carey, NYSE:WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, is proud to announce it has been Certified™ by Great Place to Work® in both the U.S. and the Netherlands. The prestigious award is based entirely on what current employees say about their experience working at W. P. Carey. This year, 100% of U.S. respondents and 98% of European respondents, which include employees in our Amsterdam and London offices, said W. P. Carey is a great place to work – significantly higher
NEW YORK, June 18, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE:WPC, the ", Company", ))) announced today that it has priced an underwritten public offering of $400 million aggregate principal amount of 5.375% Senior Notes due 2034 (the "Notes"). The Notes were offered at 98.843% of the principal amount. Interest on the Notes will be paid semi-annually on June 30 and December 30 of each year, beginning on December 30, 2024. The offering of the Notes is expected to settle on June 28, 2024, subject to customary closing conditions. The Company intends to use the net proceeds from this offering for general corporate purposes, including to fund potential future investments (including acquisitions
UBS analyst Michael Goldsmith maintains W.P. Carey (NYSE:WPC) with a Neutral and raises the price target from $57 to $63.
In the last three months, 5 analysts have published ratings on W.P. Carey (NYSE:WPC), offering a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 3 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $61.6, a high estimate of $68.00, and a low estimate of $57.00. Experiencing a 1.83% decline, the current
JP Morgan analyst Anthony Paolone maintains W.P. Carey (NYSE:WPC) with a Overweight and lowers the price target from $70 to $68.
The separate role of President will be eliminated, and the title will be assumed by Jason Fox, the company's Chief Executive Officer.
JMP Securities analyst Mitch Germain reiterates W.P. Carey (NYSE:WPC) with a Market Perform.
JMP Securities analyst Mitch Germain reiterates W.P. Carey (NYSE:WPC) with a Market Perform.
W.P. Carey's (NYSE:WPC) short percent of float has fallen 8.47% since its last report. The company recently reported that it has 5.50 million shares sold short, which is 3.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.07 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
W. P. Carey Inc. ((W. P. Carey, NYSE:WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.870 per share, equivalent to an annualized dividend rate of $3.48 per share. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 2024.
Separately, W. P. Carey acquired three properties located in Arizona, comprising a newly-built, Class-A distribution center covering approximately 300,000 square feet for $40 million and two fitness facilities leased to an existing tenant for $28 million.