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W. P. Carey Inc. (WPC)

NYSE - NYSE Delayed price. Currency in USD
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75.87-0.06 (-0.08%)
At close: 04:00PM EST
75.85 -0.02 (-0.03%)
After hours: 06:59PM EST
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  • G
    Gino
    Why the huge pre market move up? Any news? Is this for real?
  • B
    Barry
    Looks like if it misses again in feb. on the quarterly would be a good time to buy some
  • B
    Bjarne
    Don’t mind this dropping… and so I can buy more
  • B
    Brent
    In a previous post ( 10 months ago) I looked for 15 to 20 percent total return by year end. As of today I’m at 26 percent. Extremely happy. Living up to it’s rock solid credentials. Not a barn burner but a very good sleep well at night stock. Also I would add that this is a good place to be in a rising inflation environment.
  • H
    Hellrai$er
    So it begins. W.P.Carey finally upping the dividend more than $0.002 a quarter. Now we are up to a cool $0.003 extra. Woo-Hoo..!

    "W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.055 per share, equivalent to an annualized dividend rate of $4.22 per share. The dividend is payable on January 14, 2022 to stockholders of record as of December 31, 2021."

    Well, at least it is up.. sheesh! :-)
  • S
    Sharay
    The div is nice, but I don't see much growth to tie up $75+ per share. I feel like I could those funds on something that could bring me more than $0.35 per month. Or am I looking at this in a negative way?
  • L
    Len
    PLD, a great REIT!
  • B
    Brent
    Patience is a virtue with this company. They have rock solid fundamentals in my view. Much better diversification than O. As the economy recovers this stock will rise. I believe today’s price is a bargain for a safe 6% yield. I expect 15 to 20 percent total return by year end.
  • h
    higbyz
    Sold 4450 shares of ATT today and bought 1750 shares of WPC
  • S
    S
    up 2% in pre market!
    "NEW YORK, April 29, 2021 /PRNewswire/ -- W. P. Carey Inc. (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 two industrial investments totaling $67 million and covering approximately 580,600 square feet. The investments comprise operationally-critical properties triple-net leased to industry-leading tenants with a weighted-average lease term of approximately 13.5 years.
    The investments include:
    $53 million acquisition of a 487,600-square-foot logistics site comprising two high-quality buildings net leased to Comprehensive Logistics Co., LLC, a leading third-party logistics provider for the automotive and other industrial industries. The company serves numerous OEM and Tier I clients, including Ford, General Motors, Paccar and General Electric Appliance. The highly-fungible site is located in a supply-constrained submarket of Detroit in close proximity to both Ford's largest production plant and the I-75 highway. The site comprises two buildings, including a Class-A warehouse that provides "just-in-time" warehouse management services for Ford and a separate warehouse currently housing glass products for a Tier I supplier to Ford. The site is triple-net leased with fixed annual rent escalations and for a remaining term of approximately 10.5 years.
    $14 million follow-on sale-leaseback of a 93,000-square-foot food production and distribution site net leased to one of the largest ice cream and beverage brands in the U.S., which is a current tenant of W. P. Carey. Located in Arkansas, the site will enable the tenant to increase its production volume, in-source previously co-manufactured capacity and offer new novelty products to its customers. The facility was added to the existing triple-net master lease for the tenant's primary production site in the Northeastern U.S., with the lease term extended to 25 years to be coterminous, and with fixed annual rent escalations."
  • J
    Jerry
    I am a bit disappointed in this, I was thinking that when we had good data on the vaccine and folks were getting the shout en masse that this would start a steady climb upward since people would start getting beck to normal, going to stores, offices etc. Is this still to early in the recovery to think like this? I am a long term holder here and think this company is world class.
  • D
    David
    Stock issue to fund growth is not a bad thing. A blended source of funds for growth between debt and equity at a low blended cost of capital used to purchase inflation protected assets that provide a nice return over the cost becomes accretive to AFFO. As AFFO grows so does the dividend. This is the cycle of a growing REIT. The growth has to come from a blend of both equity and debt. So new stock issuance is inevitable and a good thing when done for the right reasons.
  • H
    Hellrai$er
    BMO Capital Stick to Their Buy Rating ($92) for WP Carey & Co

    BMO Capital analyst Jeremy Metz maintained a Buy rating on WP Carey & Co (NYSE:WPC) on Thursday, setting a price target of $92, which is approximately 35.97% above the present share price of $67.66.

    Metz expects WP Carey & Co to post earnings per share (EPS) of $0.61 for the fourth quarter of 2020.
  • T
    TomV
    Our quarterly dividend increase was announced:

    Board of Directors increased its quarterly cash dividend to $1.052 per share, equivalent to an annualized dividend rate of $4.21 per share. The dividend is payable on October 15, 2021 to stockholders of record as of September 30, 2021.
  • D
    David
    Sooner or later; the government will have to stop handing out money,
    the government will have to stop spending billions each month to prop up the stock market,
    investors will have to stop throwing money at momentum stocks,
    investors will care again about high quality dividend aristocrats,
    the power of compound interest will be valued, taught and understood again
    Until that day happens take advantage of this market imbalance and buy WPC, relax and reinvest divvies. Now my largest single stock allocation. GLTA!
  • A
    Anonymous
    WPC has barely any rollover in their portfolio for years, minimal debt maturities, and a solid NNN rent roll of IG credits. The turtle wins the long race...!
  • T
    Tobias
    4.20 dividend a year. Bought at a 6.9 % yield. Nice
  • P
    Petur
    Can someone verify if this is correct? So WPC has rent escalations that are tied to the consumer price index (inflation). Can we expect this to be reflected in the coming ER? Higher rents and profits?
  • r
    robp
    I bought some WPC today as an income investment. Plan on holding for the next 20 years.
  • T
    TedSW
    Fantastic business. Great diverse portfolio of units and a strong dividend, this is my favourite REIT and will be adding more as and when it dips!