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Stock impact report

After a Reset and Rebuild, This Ultra-High-Yield Dividend Stock Is Starting to Grow Again [Yahoo! Finance]

W. P. Carey Inc. REIT (WPC) 
Last w. p. carey inc. reit earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: wpcarey.com/investor-relations
Company Research Source: Yahoo! Finance
Thu, February 13, 2025 at 1:31 PM GMT+1 5 min read In This Article WPC Last year was a transitional period for W. P. Carey (NYSE: WPC) . The diversified real estate investment trust (REIT) made a strategic decision to exit the office sector at the end of 2023. It took the company most of last year to complete that initiative. The REIT's office exit acted as a headwind last year. However, it has started to rebuild its portfolio with properties that have better long-term growth fundamentals. Because of that, its earnings and high-yielding dividend (6.1% current yield) have started to rise again. That return to growth positions the company to produce higher total returns for its investors in the future. It's finally turning the corner W. P. Carey sold $1.2 billion of properties last year. Those divestitures included the office properties it didn't sell or spin off at the end of 2023 (by forming office REIT Net Lease Office Properties ), the sale of a portfolio of self-st Show less Read more
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