W. P. Carey Boosts Quarterly Dividend to $0.900 Per Share

W. P. Carey Inc. reported its Board of Directors increased the quarterly cash dividend to $0.900 per share, equivalent to an annualized dividend rate of $3.60 per share. The dividend is payable on July 15, 2025 to stockholders of record as of June 30, 2025. The company ranks among the largest net lease REITs with a diversified portfolio of commercial real estate.

W. P. Carey Inc. (WPC) has announced that its Board of Directors has increased the quarterly cash dividend to $0.900 per share, equivalent to an annualized dividend rate of $3.60 per share. The dividend will be payable on July 15, 2025, to stockholders of record as of June 30, 2025 [1].

W. P. Carey Inc. is a leading net lease Real Estate Investment Trust (REIT) with a diversified portfolio of high-quality, operationally critical commercial real estate. As of March 31, 2025, the company owned 1,614 net lease properties covering approximately 177 million square feet, including 78 self-storage operating properties [1]. The company's investment focus is primarily on 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 [1].

Analysts have recently shown a more optimistic outlook on W. P. Carey Inc. Nate Crossett, an analyst at BNP Paribas Exane, upgraded his rating on WPC from Underperform to Neutral, setting a price target of $66. This positive outlook is based on the company's strong acquisition prospects and improved portfolio quality, particularly following the resolution of challenges linked to Do it Best and Hearthside [3]. The average target price for WPC, based on 10 analysts, is $64.00, with a high estimate of $70.00 and a low estimate of $60.00 [3].

The company reported approximately $450 million in investments year-to-date with a 7.4% initial weighted average cap rate and expects the average yield over the life of the leases to exceed 9% [3]. W. P. Carey Inc. has a solid pipeline of deals with visibility into approximately $570 million of transactions for 2025 [3]. The company also reaffirmed its AFFO guidance range of $4.82 to $4.92 per share, with confidence in potentially exceeding the 3.6% growth implied in the guidance due to strong deal momentum and strategic asset sales [3].

Despite these positive developments, the company is cautious about potential risks such as uncertainty surrounding tariffs, which could impact tenant margins and the broader economy. Additionally, the company is actively managing exposure to tenants facing credit difficulties, such as Hellweg, and anticipates potential rent loss from tenant credit events, estimating $15 million to $20 million in potential rent loss [3].

In summary, W. P. Carey Inc.'s dividend increase reflects its commitment to shareholder value and strong financial performance. However, investors should remain aware of potential risks and uncertainties in the market.

References:
[1] https://www.prnewswire.com/news-releases/w-p-carey-increases-quarterly-dividend-to-0-900-per-share-302480568.html
[3] https://www.gurufocus.com/news/2915676/wp-carey-wpc-upgraded-to-neutral-with-positive-outlook-wpc-stock-news