W.P. Carey, Inc. (WPC) - NYSE
  • Thu, Feb. 25, 11:41 AM
    • Q4 adjusted FFO of $135.6M or $1.27 per share vs. $1.19 one year ago. Full-year AFFO per share of $4.99 vs. $4.81 in 2014. Total dividends of $3.83.
    • Owned Real Estate: Q4 acquisitions of three properties for $145.4M, bringing 2015 purchases to $688.7M. Two properties sold for $6.7M during quarter, brining 2015 sales to $38.5M. Net lease portfolio occupancy of 98.8%.
    • Investment Management: Structured $636.9M of investments for managed REITs during quarter, bringing 2015 total to $2.5B. AUM of $11B.
    • The company continues to review a range of strategic alternatives.
    • Previously: W. P. Carey reports Q4 results (Feb. 25)
    • WPC +3%
    | Thu, Feb. 25, 11:41 AM
  • Nov. 27, 2015, 2:39 PM
    • Top gainers, as of 2.15 p.m.: HSC +49.7%. WPC +46.3%. ELGX +19.2%. OA +12.4%. HOS +12.3%.
    • Top losers, as of 2.15p.m.: HMSY -27.4%. EXPR -20.7%. PE -12.2%. NKTR -11.1%. SAP -10.4%.
    | Nov. 27, 2015, 2:39 PM | 21 Comments
  • Jun. 22, 2015, 3:31 PM
    • The major averages are having a solid day, with nearly all S&P sectors lit up green, but the REITs - eyeing a ten basis point pop higher in the 10-year Treasury yield - are lower across the board. Boosting rates is good news on Greek debt negotiations and a 4% rally in European stocks.
    • The IYR is down 0.6%, bringing its  loss YTD to 3%, about 600 basis points worse than the S&P 500.
    • National Retail Properties (NNN -1.5%), Omega Healthcare (OHI -1.2%), Healthcare Trust of America (HTA -1.6%), Gramercy Property Trust (GPT -1.9%), W.P. Carey (WPC -1.4%), Simon Property (SPG -1%), Retail Properties of America (RPAI -1%), Public Storage (PSA -1%), Equity Commonwealth (EQC -1.6%), Strategic Hotels (BEE -1.4%), STAG Industrial (STAG -1.4%), Education Realty Trust (EDR -1.5%).
    • ETFs: IYR, VNQ, DRN, URE, RQI, SCHH, ICF, SRS, RWR, RNP, JRS, KBWY, RFI, NRO, DRV, RIT, REK, RIF, FRI, FTY, PSR, DRA, FREL, WREI, IARAX
    | Jun. 22, 2015, 3:31 PM | 16 Comments
  • Apr. 9, 2015, 3:24 PM
    • A weak 30-year bond auction has long-term Treasury yields on the move higher, with the 10-year up five basis points to 1.96%. One also can't help but notice a recent uptick in capital raising among the equity REITs.
    • Realty Income (O -2.2%), Agree Realty (ADC -2.2%), Omega Healthcare (OHI -4%), Medical Properties Trust (MPW -2.5%), W.P. Carey (WPC -2.2%), Duke Realty (DRE -2.5%), Essex Property (ESS -2.9%), Aimco (AIV -3%), Simon Property (SPG -2.4%), Kimco (KIM -2.9%), Inland Real Estate (IRC -3%), DDR Corp (DDR -2.3%), Sovran Self Storage (SSS -2.2%), Washington Real Estate (WRE -4%), Digital Realty Trust (DLR -2%), Hospitality Properties (HPT -2.6%), Ashford Hospitality (AHT -2.4%), Stag Industrial (STAG -4.6%), American Campus (ACC -2.3%).
    • ETFs: IYR, VNQ, DRN, URE, SRS, ICF, SCHH, RWR, KBWY, DRV, REK, FRI, FTY, PSR, WREI, FREL
    • Previously: Treasury yields on the rise after weak 30-year auction (April 9)
    | Apr. 9, 2015, 3:24 PM | 37 Comments
  • Dec. 24, 2014, 2:40 PM
    | Dec. 24, 2014, 2:40 PM | 6 Comments
  • Sep. 25, 2014, 9:09 AM
    • The 4M share secondary offering priced at $64 each. The underwriters have an option to purchase another 600K shares at that price.
    • WPC -1% premarket to $64.42.
    • Previously: W. P. Carey launches secondary offering
    | Sep. 25, 2014, 9:09 AM
  • Sep. 22, 2014, 4:06 PM
    • W.P. Carey (NYSE:WPC) is selling 4M shares with an underwriter greenshoe of another 600K.
    • Shares -1.2% AH
    | Sep. 22, 2014, 4:06 PM
  • Aug. 5, 2014, 12:10 PM
    • Q2 adjusted FFO of $122.2M or $1.21 per share vs. $118.2M and $1.31 in Q1, and $72.6M and $1.05 a year ago. Dividend is $0.90.
    • Full-year AFFO guidance is raised to $4.62-$4.82 per share vs. $4.40-$4.65 previously. CEO Trevor Bond: "We have better clarity on our earnings capacity now that we have completed our first full quarter following the merger with CPA®:16 Global."
    • WPC +1.1%
    • Previously: W. P. Carey EPS in-line, beats on revenue
    | Aug. 5, 2014, 12:10 PM
  • Oct. 23, 2013, 11:45 AM
    • "This is taking the number two and number three net-lease REITs and creating kind of a game-over, category-killer in the sector," says Cole Real Estate (COLE +8.7%) CEO Marc Nemer of the deal to sell itself to American Realty Capital Properties (ARCP -1.5%) for $11.2B in cash and stock. The combined company will push into first place in size in the popular triple-net-lease sector, surpassing Realty Income (O +0.7%).
    • ARCP's acquisition-happy chief Nicholas Schorsch in the past has typically raised private money for non-traded REITs and then sold the portfolios to ARCP in order to cash out his investors, but this is a massive public deal. "How many REITs have the ability to raise both public and private capital," he says. "The ability for us to acquire non-traded REITs, either whole or in part, is only increased" by this Cole deal.
    • S&P 500 inclusion next? The investor presentation (slide 8) notes the combined company's market cap will be larger than index constituents Kimco Realty and Macerich.
    • Under the impression the CEOs of the two companies hated each other, SNL Financial's Jake Mooney wants the backstory. Earlier this year: Still a non-traded REIT, Cole rebuffs ARCP's buyout attempt for $9.7B.
    • Earlier today: The deal announcement.
    • Other triple-net players: National Retail (NNN +1.2%), W.P. Carey (WPC +1%), Spirit Realty (SRC +3.2%), EPR Properties (EPR +0.8%).
    | Oct. 23, 2013, 11:45 AM | 1 Comment
  • May 7, 2013, 3:25 PM

    Gramercy Property Trust (GPT +1%) moves about 3% off the session low as the earnings call/business plan update reveals a management focused and executing on its plan to turn the company into a pure play equity REIT. The implied cap rate (pg. 27-31) of net lease companies (O, WPC, NNN, LXP, EPR, SRC, ARCP,GTY) of 5%-6.5% is far below the 7.5%-8.5% Gramercy is closing deals at - "(the) widest arbitrage in our experience."

    | May 7, 2013, 3:25 PM | 1 Comment
Company Description
W.P. Carey, Inc. operates as a real estate investment trust. It operates through the Real Estate Ownership and Investment Management segments. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates... More
Sector: Financial
Industry: Property Management
Country: United States