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Stock impact report

Where Will W.P. Carey Be in 1 Year? [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
adjusted funds from operations (FFO). This highlights the fact that 2024 was a reset year for the net lease real estate investment trust (REIT). But the changes aren't quite over yet. Here's why W.P. Carey may not be much bigger in a year, but why it will, likely, be a much better REIT. What happened to W.P. Carey's dividend? In 2024, W.P. Carey paid $3.49 per share in dividends, approximately 15% lower than what it paid in 2023. That's not exactly good news, but there was a very specific reason for the lower dividend. In late 2023, W.P. Carey announced that it would exit the troubled office sector, a process that involved selling properties that accounted for roughly 16% of its rent roll. This effort wasn't completed until early 2024, and, given the size of the office portfolio, it required a dividend reset. Image source: Getty Images. However, W.P. Carey has exited 2024 with a stronger portfolio than when it entered the year. Office properties have continued to struggle with Show less Read more
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