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W. P. Carey Inc. ( (WPC) ) has shared an update.
On February 11, 2025, W. P. Carey Inc. released its financial results for the fourth quarter and full year of 2024, highlighting a pivotal year marked by a strategic exit from the office sector. The company’s net income for the fourth quarter was $47.0 million, a significant decrease from the previous year, while AFFO per diluted share slightly increased. The total investment volume for 2024 reached $1.6 billion with record investment activity in the fourth quarter. Despite revenue declines, W. P. Carey achieved a $1.21 AFFO per share in Q4, reflecting rent escalations and net investment activity. The company announced a cash dividend of $0.880 per share for the fourth quarter and provided a 2025 AFFO guidance range, suggesting a cautious approach amid economic uncertainties.
More about W. P. Carey Inc.
W. P. Carey Inc. is a net lease real estate investment trust focusing on providing long-term sale-leaseback and build-to-suit financing solutions. The company primarily operates in the commercial real estate market with a diversified portfolio across various sectors.
YTD Price Performance: 2.65%
Average Trading Volume: 1,070,445
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.27B
Find detailed analytics on WPC stock on TipRanks’ Stock Analysis page.
