W. P. Carey Boosts Quarterly Dividend to $0.910: Key Insights

W. P. Carey Announces Increased Dividend
W. P. Carey Inc. (NYSE: WPC) has proudly announced a notable increase in its quarterly cash dividend, now set at $0.910 per share. This change marks a significant commitment from the company to its shareholders, representing an annualized dividend rate of $3.64 per share. The upcoming dividend is scheduled for distribution on a future date, ensuring stockholders will benefit from this strategic financial decision.
Company Overview and Portfolio Strength
As one of the most prominent players in the net lease real estate investment trust (REIT) sector, W. P. Carey Inc. operates a diverse portfolio comprising 1,600 net lease properties across approximately 178 million square feet of commercial real estate. Additionally, the company includes 66 self-storage operating properties, highlighting its multifaceted investment approach. This comprehensive portfolio underscores W. P. Carey’s resilience and adaptability in the ever-evolving property market.
Real Estate Focus and Strategy
W. P. Carey is strategically focused on investing primarily in single-tenant, industrial, warehouse, and retail properties. The company’s portfolio is diversified not only geographically but also by the property type, with a significant emphasis on assets that are operationally critical. This focus is supported by long-term net leases that incorporate built-in rent escalations, ensuring a steady revenue stream for the company and its investors.
Commitment to Shareholder Value
By increasing its dividend, W. P. Carey continues to demonstrate its commitment to enhancing shareholder value. This initiative reflects the company’s strong financial health and operational efficiency, positioning itself as a reliable dividend-paying stock. Such decisions are integral in maintaining investor confidence and attracting new shareholders seeking consistent returns on their investments.
Investor Relations and Communication
For institutional investors, W. P. Carey has designated Peter Sands as the contact person, reachable at 1 (212) 492-1110 or via email at institutionalir@wpcarey.com for inquiries. Individual investors can direct their questions to the investor relations team at 1 (212) 492-8920 or through ir@wpcarey.com. The company is dedicated to open communication and transparency with its investor community.
Contact Information and Resources
For more information about W. P. Carey Inc. and its operations, investors are encouraged to visit the company’s official website. This resource provides a wealth of information, including further updates on financial forecasting, reports, and detailed insights into the company’s strategic direction.
Frequently Asked Questions
What is the new dividend amount for W. P. Carey?
The new quarterly cash dividend for W. P. Carey is $0.910 per share.
When will the dividends be paid?
The dividend is scheduled to be payable on a specific date in the future to stockholders of record as of a date later this month.
How many properties does W. P. Carey own?
W. P. Carey owns approximately 1,600 net lease properties encompassing around 178 million square feet.
What types of properties are included in W. P. Carey’s portfolio?
The portfolio includes single-tenant, industrial, warehouse, and retail properties, providing a diverse investment base.
Who can investors contact for more information?
Investors can contact Peter Sands for institutional inquiries or reach out to the investor relations team for individual questions.
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