This 5.5%-Yielding Dividend Stock Is Steadily Rebuilding Its Payout Following a Strategic Reset [Yahoo! Finance]
W. P. Carey Inc. REIT (WPC)
Last w. p. carey inc. reit earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
wpcarey.com/investor-relations
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Source: Yahoo! Finance
The diversified real estate investment trust (REIT) saw a myriad of headwinds facing the office sector, which led it to make the strategic decision to exit that space. As a result of that move and a desire to be more conservative, it also reset its dividend. It has already started to rebuild its portfolio and shareholder payout. With more growth ahead (and an attractive 5.5% yield), the REIT is a great option for those seeking passive income The great reset W. P. Carey unveiled its strategy plan to exit the office sector last September. At the time, offices provided about 16.1% of its annual base rent. It spun off a portion of that portfolio to shareholders by creating office REIT Net Lease Office Properties W. P. Carey has since sold all the properties it didn't spin off. The REIT also had a major tenant exercise its option to purchase a portfolio of self-storage properties it leased. With a big chunk of its portfolio (and rental income) gone, W. P. Carey had to reset its d
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News
- Why W. P. Carey Stock Slumped Nearly 11% in October [Yahoo! Finance]Yahoo! Finance
- From Dividend Reset to Recovery: W.P. Carey's Strategy for Winning Back Wall Street's Trust [Yahoo! Finance]Yahoo! Finance
- Earnings Snapshot: W. P. Carey delivers a beat in Q3, but narrows FY AFFO guidance range Oct. 29, 2024 4:18 PM ET By: Jaskiran Singh , SA News Editor [Seeking Alpha]Seeking Alpha
- W. P. Carey Announces Third Quarter 2024 Financial ResultsPR Newswire
- Is W.P. Carey Stock a Buy? [Yahoo! Finance]Yahoo! Finance
WPC
Earnings
- 10/29/24 - Miss
WPC
Sec Filings
- 11/5/24 - Form 4
- 10/30/24 - Form 10-Q
- 10/29/24 - Form 8-K
- WPC's page on the SEC website