W.P. Carey made $1.6 billion in acquisitions in 2024, leading to dividend growth in 2025.

From Nasdaq: 2025-01-11 05:43:00

Last year, W.P. Carey (NYSE: WPC) focused on rebuilding its portfolio by investing $1.6 billion into new properties, leading to a dividend increase and a current yield of nearly 6.5%. In 2024, the company had a strong finish, with a record fourth-quarter investment volume of $845 million, acquiring properties like discount-retail portfolios, a Class A industrial facility, a manufacturing and industrial campus, and a data center. The REIT is set for growth in 2025, with a strong position to continue making investments and benefiting from rent escalation clauses.

W.P. Carey’s strategic portfolio remodeling removed noncore properties and offices, allowing for upgrades to higher-quality properties with better long-term prospects and built-in rental escalation clauses. This strategy positions the company for faster income growth, supporting a growing dividend and making it an attractive REIT for passive income investors. The company also has a strong outlook for continued growth in 2025, with substantial liquidity from property sales and the potential to make more accretive acquisitions without needing to sell additional stock.



Read more at Nasdaq: This Nearly 6.5%-Yielding Dividend Stock Made $1.6 Billion in Acquisitions in 2024, Setting the Stage for More Dividend Growth in 2025