W.P. Carey sells office properties, focuses on industrial/warehouse assets, and targets a 70%-75% AFFO payout ratio.

W.P. Carey, a real estate investment trust, has restructured its portfolio for resilience by selling office properties and focusing on industrial and warehouse assets in the U.S. and Europe. Despite ending its 26-year dividend growth streak, the company now targets a 70%-75% AFFO payout ratio and offers a 5.5% dividend yield. With over $3.2 billion in liquidity and favorable market conditions, W.P. Carey is well-positioned for growth amid rising e-commerce demand.

September 21, 2024
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