W. P. Carey Stock: Has The Market Lost Its Mind? No, The Market Is Right (NYSE:WPC)

The recent collapse in W. P. Carey Inc. (NYSE:WPC) stock has led to a downward de-rating due to concerns about the company's growth prospects, debt maturity profile, and rising yields, although it may present an attractive entry level for investors.

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9/21/2023

W.P. Carey to Spin Off Office Assets into New REIT and Sell Other Properties

W. P. Carey Inc. has announced plans to spin off 59 office properties into a separate publicly-traded REIT called Net Lease Office Properties (NLOP) and implement an asset sale program to dispose of the remaining 87 office properties by January 2024. These strategic moves are expected to enhance W. P. Carey's growth profile, improve its earnings and cash flows, and increase its overall portfolio quality.

9/21/2023

W.P. Carey Sells Office Assets, Reduces Debt and Dividend to Refocus on Faster-Growing Industrial Properties

Real estate investment trust W. P. Carey Inc. plans to spin-off its office properties and "reset" the dividend to a lower level, damaging its dividend growth track record but still offering a attractive dividend yield and potential for improved growth in the future.