W. P. Carey

W.P. Carey, Inc. operates as a real estate investment trust. It operates through two segment: Real Estate Ownership and Investment Management. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for the real estate investment trusts, and manages portfolios of real estate investments. The company was founded by William Polk Carey in 1973 and is headquartered in New York, NY.

Earnings data Q3 2023

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W.P. Carey, Inc. is an investment trust company, which engages in the commercial real estate business. It operates through the Real Estate and Investment Management segments. The Real Estate segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for real estate investment trusts, and manages portfolios of real estate investments. The company was founded by William Polk Carey in 1973 and is headquartered in New York, NY.

W.P. Carey just announced that it's spinning off its office assets and selling whatever offices remain behind. The net-lease REIT will also be resetting its dividend, so the adjusted FFO payout ratio is between 70% and 75%.

Where Will W.P. Carey Be in 1 Year?

W.P Carey (NYSE: WPC) stock price has been in a strong freefall in the past few months. This sell-off gained steam this month when the company made huge changes to its business and effectively slashed their dividend.

W.P Carey stock price has nosedived: don't buy the dip for now

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Commercial real estate has come under pressure over the last year due to multidecade high interest rates. W.P. Carey recently announced it would exit all of its office properties by the first quarter of next year.

This High-Yield Real Estate Stock Is Eliminating Its Office Exposure. Here's What That Means for Investors.

W. P. Carey is ending its 24-year dividend growth streak, angering income investors and raising doubts about the company's future. The decision to exit office properties, slash the dividend, and reset the payout ratio has shocked the market. Management's explanation for the sudden announcement is baffling and even its own slide presentation proves its logic faulty.

W. P. Carey: I'm No Longer Sleeping Well At Night

Real estate investment trust W. P. Carey is separating itself from its office portfolio through a spin-off and asset sales. The spin-off will result in a more concentrated focus on industrial and warehouse properties. The market's reaction to the spin-off is exaggerated, and W. P. Carey's shares are selling at a low AFFO multiplier factor.

W. P. Carey: I Am Aggressively Buying The Lows, Here's Why

W. P. Carey announces a strategic plan to exit office and cut dividends, causing a negative reaction from shareholders. The plan involves creating a new REIT with excessive debt and expensive interest expenses. The decision is seen as unnecessary and will result in value destruction and a drop in share price.

W. P. Carey Teaches A Class On Value Destruction

W. P. Carey's spinoff of its office assets resulted in a 10% drop in stock price over two days due to poor communication with investors. The spinoff is expected to have a minimal impact on cashflows and growth trajectory, and the discount in stock price is seen as an opportunity. The dividend cut tanked the stock, but is actually a strategic move to retain capital for future growth and maximize total returns.

W. P. Carey's Misunderstood Spinoff

W. P. Carey has underperformed the S&P 500 by almost 40% in the last year, and the new office spin off and dividend cut do not favor the stock. While W. P. Carey's dividend yield is attractive at 7.4%, there are 3 REITs that are likely to outperform based on AFFO and dividend growth. The timing to exit the office properties in a depreciated environment can weigh heavy on the stock, investors should look for better opportunities.

While W. P. Carey Might Look Attractive, These 3 REITs Are Likely To Outperform

W. P. Carey announces spin-off of office real estate portfolio into a separate publicly traded real estate investment trust. The spin-off transaction will result in a less risky investment portfolio, but the dividend is expected to be reduced. W. P. Carey's move to remove struggling office assets from its portfolio may lead to a valuation re-rating and narrowing valuation gap with peers.

W. P. Carey: Spin-Off Is A Game Changer

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W. P. Carey announced a spinoff and sale of its office properties, leading to a dividend cut and a negative market reaction. The company's heavy external growth model and high payout ratio have hindered dividend growth and overall growth per share cash earnings. The spinoff and dividend cut may allow W. P. Carey to use retained earnings for more growth, but the success of the strategy remains uncertain.

A Calm, Quantitative Look At The W. P. Carey Spinoff

W.P. Carey has long worked to include inflation-linked price increases in its leases. Roughly 55% of its portfolio is covered by inflation-linked rent boosts.

The Biggest Number From W.P. Carey's Latest Quarter: 4.3%

We were long W. P. Carey going into the spin-off news. There are three lessons here for investors of all stripes. We tell you how we are adjusting our positions in light of this value destructive news.

W. P. Carey: The Spin-Off And The Spin

W. P. Carey has unveiled a two-part plan to exit the office sector. The REIT believes the move will boost its valuation and growth prospects.

This High-Yield Dividend Stock Is Exiting a Troubled Space (Which Could Lift a Weight From Its Stock)

W.P. Carey (WPC) decides to exit its office properties portfolio via a spinoff and an asset sale program. The move will boost its overall portfolio quality and key portfolio metrics.

W. P. Carey (WPC) to Exit Office Assets, Boost Portfolio Quality

W. P. Carey Inc. announces spinoff, a dividend reset, and sale of noncore assets, leading to a drop in stock price. Investors should diversify their portfolios and not rely solely on one stock for income. Despite the initial market reaction, W. P. Carey's management is still highly regarded, and the stock may present a buying opportunity.

W. P. Carey: What Is An Investor To Do

W. P. Carey Inc. (NYSE:WPC ) Strategic Plan to Exit Office Conference Call September 21, 2023 8:30 AM ET Company Participants Peter Sands - Head, IR Jason Fox - CEO Toni Sanzone - CFO Brooks Gordon - Head, Asset Management Conference Call Participants RJ Milligan - Raymond James Nick Joseph - Citi Jim Kammert - Evercore ISI Eric Borden - BMO Capital Markets Mitchell Germain - JMP Securities Anthony Paolone - JPMorgan Operator Hello, and welcome to this call hosted by W. P. Carey to discuss this morning's announcement.

W. P. Carey Inc. (WPC) Strategic Plan to Exit Office Call (Transcript)

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The collapse in demand for commercial office space after the pandemic-related rise in "work from home" (WFH) has led W.P. Carey (WPC) to exit that business segment.

W.P. Carey Exits Office Market as Demand Sinks Because of 'Work-From-Home' Trend

W. P. Carey just announced that it is exiting its office business via a spinoff and asset sales. WPC also announced that it will be cutting its dividend after the spin-off. The market clearly did not like the announcement, sending WPC stock tumbling in response.

W. P. Carey Spin-Off: Buy, Sell, Or Hold?

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11 Upcoming Dividend Increases Including A Dividend King

W. P. Carey Inc. plans to reposition its portfolio by spinning off some office properties and selling others. The company believes that getting rid of office properties will improve its organic growth and attract higher valuations from investors. The strategic repositioning includes a "dividend reset" that will lower the dividend payout, but the dividend yield will still be attractive.

W. P. Carey: Dividend Gets Whacked

Recently, Zacks.com users have been paying close attention to W.P. Carey (WPC).

Investors Heavily Search W.P. Carey Inc. (WPC): Here is What You Need to Know

Real-estate investment trust W.P. Carey said Thursday its board has approved a plan to exit its office assets by spinning off 59 properties into a separate publicly traded REIT and disposing of another 87 properties.

W.P. Carey to spin off 59 office properties into new publicly traded REIT

Large Majority of Office Portfolio to be Spun-Off into a Separate Publicly-Traded REIT On-Balance Sheet Office Sale Program Implemented to Exit Remaining Office Assets by January 2024 Assets Representing Over Half of Office Sale Program ABR in the Advanced Stages of a Sale or Sold NEW YORK , Sept. 21, 2023 /PRNewswire/ -- W.

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