Intel surge more than 8% after chipmaker’s profits top expectations
NEW YORK - W. P. Carey Inc. (NYSE:WPC) announced Thursday that its Board of Directors has approved an increase in its quarterly cash dividend to $0.910 per share, representing an annualized dividend rate of $3.64 per share. The REIT, which currently offers a 5.3% dividend yield, has maintained dividend payments for 28 consecutive years, according to InvestingPro data.
The dividend will be payable on October 15, 2025, to stockholders of record as of September 30, 2025, according to a company press release.
W. P. Carey is one of the larger net lease REITs in the market with a portfolio that includes 1,600 net lease properties spanning approximately 178 million square feet, as well as 66 self-storage operating properties as of June 30, 2025.
The company primarily invests in single-tenant industrial, warehouse and retail properties located in the United States and Europe under long-term net leases with built-in rent escalations.
W. P. Carey maintains offices in New York, London, Amsterdam and Dallas to support its operations across these markets.
In other recent news, W. P. Carey Inc. reported its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.23, which fell short of the projected $0.63, marking a significant negative surprise. However, the company surpassed revenue expectations by reporting $430.78 million, compared to the forecasted $401.17 million. Additionally, W. P. Carey announced that it completed further investments totaling $250.8 million, pushing its year-to-date investment volume to approximately $1.3 billion. These investments primarily involve single-tenant industrial properties in North America and Europe. In another development, Wells Fargo upgraded W. P. Carey’s stock rating from Equal Weight to Overweight, citing the company’s successful asset rotation strategy. The firm set a price target of $72.00, reflecting confidence in W. P. Carey’s ability to achieve favorable returns. These developments highlight the company’s strategic initiatives and financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.