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Yahoo
5 days ago
- Business
- Yahoo
W. P. Carey Releases 2024 Corporate Responsibility Report
NEW YORK, June 17, 2025 /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, today announced the release of its 2024 Corporate Responsibility Report. Prepared in reference to disclosure standards established by the Task Force on Climate-related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI), the report summarizes W. P. Carey's progress and achievements across corporate responsibility initiatives, focused on the company's environmental, social and governance objectives. It can be viewed and downloaded from W. P. Carey's website at Notable highlights and recognitions: Pursued solar opportunities via CareySolar®, increasing total solar in the portfolio to approximately 30 megawatts (MW). Completed inaugural double materiality assessment. Continued to prioritize green leasing, increasing the percentage of leases with green lease provisions to more than 30% as of year-end 2024. Established first emissions reduction target, for Scope 1 and 2 greenhouse gas emissions. Increased tenant enrollment in electricity usage data reporting to more than 60% as a percentage of portfolio square footage. Completed first carbon-neutral construction project. Certified as a Great Place to Work® in the U.S. for the third consecutive year and in the Netherlands for the first time. Maintained a "1" Governance QualityScore Rating from Institutional Shareholder Services. Jason Fox, Chief Executive Officer and President, W. P. Carey said: "Guided by our commitments to Investing for the Long Run and Doing Good While Doing Well, we've made significant strides in advancing our corporate responsibility goals—efforts that support our core business objectives and future growth. By keeping sustainability, social impact and strong governance at the forefront of our business, we're able to align our actions with our values while continuing to focus on delivering long-term value for our stakeholders." W. P. Carey Inc. W. P. Carey ranks among the largest net lease REITs with a diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,614 net lease properties covering approximately 177 million square feet and a portfolio of 78 self-storage operating properties as of March 31, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations. This press release may contain forward-looking statements within the meaning of U.S. Federal securities laws. The comments of Mr. Fox are examples of forward-looking statements. A number of factors could cause W. P. Carey's actual results, performance or achievement to differ materially from those anticipated. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the Securities and Exchange Commission (SEC), could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Institutional Investors:Peter Sands1 (212) 492-1110institutionalir@ Individual Investors:W. P. Carey Inc.1 (212) 492-8920ir@ Press Contact:Anna McGrath1 (212) 492-1166amcgrath@ View original content to download multimedia: SOURCE W. P. Carey Inc.
Yahoo
05-04-2025
- Business
- Yahoo
Tariffs Got Your Portfolio Down? These High-Yield Dividend Stocks Could Benefit From the Market Turmoil.
The stock market has taken a nasty tumble this week. Stocks have sold off because the tariffs levied by the Trump administration were much higher than the market feared. Many economists worry they could spark a trade war that could ignite a global economic slowdown. However, there is at least one silver lining to all the market turmoil: The yield on U.S. Treasury bonds has declined. The 10-year note's yield has fallen below 4%, well off its peak above 4.75% earlier in the year. The 10-year rate is a key benchmark for the real estate sector. As it falls, the value of commercial real estate tends to rise. It also makes it much cheaper to borrow money to fund new real estate investments and refinance existing debt. Because of that, the market turmoil could give real estate investment trusts (REITs) a big boost. Here are three low-risk REITs to consider buying amid the market turmoil. Realty Income (NYSE: O) owns a globally diversified portfolio of commercial real estate (retail, industrial, gaming, and other properties). It net leases these properties to many of the world's leading companies. Those net leases provide it with very stable income because tenants cover all operating costs, including routine maintenance, real estate taxes, and building insurance. The REIT pays out about 75% of its stable cash flow in dividends (5.7% current yield). It retains the rest to invest in additional income-producing properties. Realty Income also has one of the strongest balance sheets in the sector, giving it additional flexibility to invest in income-generating properties. Despite its financial strength, higher rates have constrained its ability to raise additional capital from investors to fund accretive acquisitions. For example, it invested less than $3.9 billion last year and initially only plans to invest $4 billion this year. That's well below its investment level before rising rates took full effect ($6.4 billion in 2021, $9.5 billion in 2022, and $9 billion in 2023). The decline in the 10-year should lower the REIT's cost of capital, allowing it to ramp up its investment volume and grow faster. W. P. Carey (NYSE: WPC) also owns a globally diversified real estate portfolio (industrial, warehouse, retail, self-storage, and other properties) net leased to high-quality tenants. The stable cash flow from those leases supports its high-yielding dividend (5.9%). The REIT grows that payout by investing in additional income-generating properties. However, "Given the uncertainty in the broader over the direction of interest rates and other macroeconomic factors," commented CEO Jason Fox in the REIT's fourth-quarter earnings report, the company offered conservative investment guidance to start the year. It expects to invest between $1 billion and $1.5 billion this year. The CEO noted, "We can fund our investments this year without needing to access the equity market, achieved through accretive sales of noncore assets -- including self-storage operating properties -- which should generate a meaningful spread to our net lease investments." However, with interest rates improving, the REIT should be able to raise additional capital at attractive costs. That would allow it to ramp up its investment volume and grow even faster. EPR Properties (NYSE: EPR) owns a portfolio of experiential real estate (movie theaters, eat-and-play venues, attractions, and other properties). It net leases these properties to companies that operate the experiences. Those leases provide it with very stable income to pay its 7.7%-yielding dividend. The REIT estimates it can self-fund $200 million to $300 million of new property investments this year with post-dividend free cash flow, noncore property sales, and borrowings on its credit facility. At that rate, it can grow its cash flow per share by 3% to 4% per year while delivering a similar dividend growth rate (it recently hiked its payout by 3.5%). Like most REITs, higher interest rates have increased its cost of capital. However, with rates falling, EPR Properties could tap the capital markets to raise additional money to ramp up its investment rate and grow even faster. Realty Income, W.P. Carey, and EPR Properties pay high-yielding dividends supported by their income-generating properties. The REITs produce enough cash after paying dividends to grow their portfolios and dividends, albeit relatively slowly. However, with rates falling, these REITs could ramp up their investment volume this year and grow even faster. That could enable them to produce higher total returns in the future, making them look like compelling dividend stocks to buy amid the current tariff-driven market sell-off. Before you buy stock in Realty Income, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Realty Income wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Matt DiLallo has positions in EPR Properties, Realty Income, and W.P. Carey. The Motley Fool has positions in and recommends Realty Income. The Motley Fool recommends EPR Properties. The Motley Fool has a disclosure policy. Tariffs Got Your Portfolio Down? These High-Yield Dividend Stocks Could Benefit From the Market Turmoil. was originally published by The Motley Fool
Yahoo
28-03-2025
- Business
- Yahoo
W. P. Carey Releases 2024 CEO Letter
NEW YORK, March 28, 2025 /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, today announced the release of its 2024 CEO Letter to shareholders. The letter can be viewed and downloaded from W. P. Carey's website at 2024 highlights include: A new foundation for growth: With the successful completion of W. P. Carey's office exit strategy, the company has established a new baseline for AFFO, setting the foundation for sustainable future growth in earnings and dividends that will drive long-term value for its shareholders. Strong investment activity: W. P. Carey maintained its focus on investing primarily in high-quality, single-tenant industrial, warehouse and retail properties both in the U.S. and Europe, completing $1.6 billion of investments at attractive spreads to its cost of capital and ending the year with a record quarter of activity. Best-in-class rent growth: W. P. Carey continued to achieve best-in-class rent escalations on new investments, resulting from its focus on sale-leasebacks. Despite lower inflation, the strength of the company's fixed rent bumps supported year-over-year contractual same-store rent growth of 2.6%, which remains among the best in the net lease sector. Continued balance sheet strength and successful capital markets execution: W. P. Carey remained committed to maintaining a strong, conservative balance sheet with access to multiple forms of capital. Investment activity continued to be supported by successful execution in the debt capital markets, with bonds issued at attractive pricing relative to the yields achieved on new investments. Jason Fox, Chief Executive Officer and President, W. P. Carey, said: "Following 2024's transitional year, I'm excited as we look to the future. Today, W. P. Carey stands as a simpler, more dynamic business well positioned with a strong balance sheet, access to multiple forms of capital, exceptional rent growth and a proven investment approach—all of which provide a foundation for sustainable growth and long-term value creation." 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 1,555 net lease properties covering approximately 176 million square feet and a portfolio of 78 self-storage operating properties as of December 31, 2024. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations. This press release may contain forward-looking statements within the meaning of U.S. Federal securities laws. The comments of Mr. Fox are examples of forward-looking statements. A number of factors could cause W. P. Carey's actual results, performance or achievement to differ materially from those anticipated. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the Securities and Exchange Commission (SEC), could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2024. Supplemental Information For further information concerning AFFO, which is a non-GAAP supplemental performance metric, including descriptions of non-GAAP financial measures and reconciliations to GAAP measures, please see our Current Report on Form 8-K filed with the SEC on February 11, 2025, and made available on the Company's website at Institutional Investors:Peter Sands1 (212) 492-1110institutionalir@ Individual Investors:W. P. Carey Inc.1 (212) 492-8920ir@ Press Contact:Anna McGrath1 (212) 492-1166amcgrath@ View original content to download multimedia: SOURCE W. P. Carey Inc. Sign in to access your portfolio
Yahoo
10-03-2025
- Business
- Yahoo
If You Invested $10K In W. P. Carey Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. W. P. Carey (NYSE:WPC) ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,430 net lease properties covering approximately 172 million square feet and a portfolio of 78 self-storage operating properties. The company's stock traded at approximately $67.14 per share 10 years ago. If you had invested $10,000, you could have bought roughly 149 shares. Currently, shares trade at $64.46, meaning your investment's value could have declined to $9,601 from stock price depreciation. However, W. P. Carey also paid dividends during these 10 years. Don't Miss: Many don't know there are tax benefits when buying a unit as an investment — CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast — W. P. Carey's dividend yield is currently 5.46%. Over the last 10 years, it has paid about $41.23 in dividends per share, which means you could have made $6,141 from dividends alone. Summing up $9,601 and $6,141, we end up with the final value of your investment, which is $15,742. This is how much you could have made if you had invested $10,000 in W. P. Carey stock 10 years ago. This means a total return of 57.42%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 211.92%. W. P. Carey has a consensus rating of "Equal Weight" and a price target of $67.06 based on the ratings of 19 analysts. The price target implies around 4% potential upside from the current stock price. Trending: This Jeff Bezos-backed startup will allow you to . On Feb. 11, the company announced its Q4 2024 earnings, posting FFO of $1.21, compared to the consensus estimate of $1.19, and revenues of $403.65 million, compared to the consensus of $396.51 million, as reported by Benzinga. 'The fourth quarter concluded a pivotal year for W. P. Carey during which we successfully exited the office sector, setting the foundation for future growth,' said CEO Jason Fox. 'We finished strongly with record investment volume for the quarter, and we're well-positioned to capitalize on opportunities in 2025. We can fund our investments this year without needing to access the equity market, achieved through accretive sales of non-core assets — including self-storage operating properties — which should generate a meaningful spread to our net lease investments."For full-year 2025, the company expects to report AFFO in the range of $4.82 to $4.92 per diluted share. Check out this article by Benzinga for seven analysts' insights on W. P. Carey. Given the expected upside potential of just 4%, growth-focused investors may not find W. P. Carey stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 5.46%. Read Next: If there was a new fund backed by Jeff Bezos offering a ? , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. This article If You Invested $10K In W. P. Carey Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Sign in to access your portfolio
