WP Carey A1J5SB eine Gute Anlage
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W.P. Carey: Buy This 5.9%-Yielding REIT In 2019
https://seekingalpha.com/article/...percent-yielding-reit-2019?page=2
Summary
- W.P. Carey is an excellent income vehicle for long-term dividend investors.
- The commercial property REIT is an attractive "Buy" for investors that value principal safety and dividend growth.
- W.P. Carey has heaps of room to grow its dividend payout going forward.
- I discuss 3 specific reasons why investors may want to consider WPC for a high-quality income portfolio.
- An investment in WPC yields 5.9 percent.
W. P. Carey Inc. Announces Fourth Quarter and Full Year 2018 Financial Results
https://www.bloomberg.com/press-releases/...ar-2018-financial-results
QUARTERLY FINANCIAL RESULTS
Revenues
o Total Company: Revenues excluding reimbursable costs (net revenues) for
the 2018 fourth quarter totaled $258.2 million, up 39.3% from $185.3
million for the 2017 fourth quarter.
o Real Estate: Real Estate net revenues for the 2018 fourth quarter were
$238.1 million, up 46.7% from $162.3 million for the 2017 fourth quarter,
due primarily to additional lease revenues from properties acquired in the
CPA:17 Merger.
o Investment Management: Investment Management net revenues for the 2018
fourth quarter were $20.1 million, down 13.0% from $23.1 million for the
2017 fourth quarter, due primarily to the cessation of asset management
revenue previously earned from CPA:17.
Net Income Attributable to W. P. Carey
o Net income attributable to W. P. Carey for the 2018 fourth quarter was
$193.3 million, up 157.0% from $75.2 million for the 2017 fourth quarter,
due primarily to a higher aggregate gain on sale of real estate and a gain
on change in control of interests recognized in connection with the CPA:17
Merger, which more than offset higher interest expense related to mortgage
loans on properties acquired in the CPA:17 Merger.
https://seekingalpha.com/article/...-results-earnings-call-transcript
W. P. Carey Inc. Increases Quarterly Dividend to $1.032 per Share
https://www.bloomberg.com/press-releases/...vidend-to-1-032-per-share
W. P. Carey Inc. (NYSE: WPC) reported
today that its Board of Directors increased its quarterly cash dividend to
$1.032 per share, equivalent to an annualized dividend rate of $4.13 per
share. The dividend is payable on April 15, 2019 to stockholders of record as
of March 29, 2019.
W. P. Carey Announces Investments Totaling $188 Million
https://www.bloomberg.com/press-releases/...ents-totaling-188-million
W. P. Carey Inc. (NYSE: WPC), a
leading net lease REIT specializing in corporate sale-leasebacks,
build-to-suits and the acquisition of single-tenant net lease properties,
today announced recent investments totaling approximately $188 million, all of
which were completed during the first quarter of 2019. The investments
comprise mission-critical properties triple-net leased to industry-leading
tenants with a weighted-average lease term of more than 15 years.
- $38 million investment in a 763,000 square foot distribution center in Inwood, WV
...
- $36 million investment in a 153,000 square foot office/educational facility located in Portland, OR
...
- $17 million investment in a 54,000 square foot headquarters and tractor/trailers hub in Bensenville, IL
...
- Two investments totaling $97 million comprising a 268,000 square foot food production facility in western U.S. and a 220,000 square foot office in Morrisville, NC
...
W. P. Carey Inc. Announces First Quarter 2019 Financial Results
https://www.bloomberg.com/press-releases/...er-2019-financial-results
Total Company
o Net income attributable to W. P. Carey of $68.5 million, or $0.41 per
diluted share
o AFFO of $201.8 million, or $1.21 per diluted share
o Quarterly cash dividend raised to $1.032 per share, equivalent to an
annualized dividend rate of $4.128 per share
o Affirm 2019 AFFO guidance range of $4.95 to $5.15 per diluted share,
including Real Estate AFFO of between $4.70 and $4.90 per diluted share
Business Segments
Real Estate
o Segment net income attributable to W. P. Carey of $53.4 million
o Segment AFFO of $188.3 million, or $1.13 per diluted share
o Investment volume of $239.6 million
o Active capital investment projects totaling $196.5 million at quarter end,
including $103.3 million expected to be completed in 2019
o Gross disposition proceeds of $5.0 million
o Portfolio occupancy of 98.2%
o Weighted-average lease term of 10.2 years
Investment Management
o Segment net income attributable to W. P. Carey of $15.1 million
o Segment AFFO of $13.4 million, or $0.08 per diluted share
Balance Sheet and Capitalization
o Utilized ATM program to raise $303.8 million in net proceeds during the
first quarter and, in addition, approximately $59 million subsequent to
quarter end
o Prepaid mortgage debt totaling $199.6 million during the first quarter and
an additional $185.0 million subsequent to quarter end
QUARTERLY FINANCIAL RESULTS
Revenues
o Total Company: Revenues, including reimbursable costs, for the 2019 first
quarter totaled $298.3 million, up 47.8% from $201.8 million for the 2018
first quarter.
o Real Estate: Real Estate revenues, including reimbursable costs, for the
2019 first quarter were $282.2 million, up 58.9% from $177.6 million for
the 2018 first quarter, due primarily to additional lease revenues from
properties acquired in the Company's merger with CPA:17 on October 31,
2018 (the CPA:17 Merger).
Is W.P. Carey a Buy?
https://www.fool.com/investing/2019/05/10/is-wp-carey-a-buy.aspx
Any kind of real estate you want
Another key characteristic of W.P. Carey is that it's a triple net lease company. Basically, this means that its tenants, in addition to rent, have to cough up for other expenses like taxes and maintenance.
There are many triple net lease operators in the REIT world. Arguably the most famous one is Realty Income (NYSE:O), the big specialty retail REIT famed for its longstanding monthly dividend payout.
But Realty Income is hyper-focused W.P. Carey is a much different beast -- it has quite the mix of property types, with no single category dominating its portfolio. In the company's recently reported first quarter, the composition broke down like so:
Office: 26%
Industrial: 23%
Warehouse: 21%
Retail: 18%
Other: 12%
The company is also more geographically diverse than Realty Income and most other U.S. REITs, which focus almost exclusively -- or 100% -- on our markets. In W.P. Carey's first quarter, nearly 36% of its portfolio consisted of assets overseas, mainly in Europe. This makes the REIT sound quite diffuse, but this wide diversification strategy hedges the company against potential collapse in any one category (or even geography, to some extent).
letzten Hoch. wirklich stark.
more money
W. P. Carey Inc. Increases Quarterly Dividend to $1.034 per Share
https://www.bloomberg.com/press-releases/...vidend-to-1-034-per-share
W. P. Carey Inc. (NYSE: WPC) reported
today that its Board of Directors increased its quarterly cash dividend to
$1.034 per share, equivalent to an annualized dividend rate of $4.14 per
share. The dividend is payable on July 15, 2019 to stockholders of record as
of June 28, 2019.
W. P. Carey Announces Industrial Investments Totaling $53 Million
https://www.bloomberg.com/press-releases/...ments-totaling-53-million
W. P. Carey Inc. (NYSE:WPC), a leading
net lease REIT specializing in corporate sale-leasebacks, build-to-suits and
the acquisition of single-tenant net lease properties, today announced recent
investments totaling approximately $53 million. The investments comprise
mission-critical industrial properties triple-net leased to industry-leading
tenants with strong private equity sponsorship and a weighted average lease
term of 20 years.
The transactions include:
o $19 million sale-leaseback of a 301,000 square foot warehouse and
light-manufacturing facility in Statesville, NC, net leased to Founder
Sport Group, a leading manufacturer and supplier of stock and sublimated
team uniforms, performance athletic wear and fan wear under the Badger
Sport and Alleson brands. The property operates as Founder Sport Group's
primary fulfillment center in the U.S. as well as its corporate
headquarters, underscoring its criticality. The facility is triple-net
leased for a period of 20 years with annual uncapped CPI rent increases.
o $24 million sale-leaseback of eight production facilities totaling 525,000
square feet located across the U.S. and Mexico and net leased to a leading
global manufacturer of electrical wire harnesses, control boxes and other
value-added components for a diverse customer base. The mission-critical
portfolio represents a significant portion of the company's North American
manufacturing footprint. The properties are triple-net leased for a period
of 20 years under USD-denominated master leases by country, with annual
rent escalations based on U.S. CPI.
o $10 million sale-leaseback of two manufacturing and distribution
facilities totaling 147,000 square feet in Westerville, OH and North
Wales, PA, net leased to Integrated Warehouse Solutions ("IWS"), a
manufacturer of specialty heavy-duty industrial material handling
equipment and a provider of warehouse safety solutions. The
mission-critical facilities serve as the key production centers for two of
IWS' subsidiaries. The properties are triple-net leased for 20 years with
fixed annual rent escalations.
W. P. Carey Announces $70 Million Investment in Clean-Energy Food-Production Site
https://www.bloomberg.com/press-releases/...ergy-food-production-site
NEW YORK, July 8, 2019 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC), a leading
net lease REIT specializing in corporate sale-leasebacks, build-to-suits and
the acquisition of single-tenant net lease properties, today announced that on
June 27 it completed a $70 million sale-leaseback of a mission-critical food
production and distribution site in the Northeastern U.S. The site consists of
six buildings totaling more than 400,000 square feet, which are triple-net
leased under a master lease for a period of 25 years to an industry-leading
supplier of ice cream and beverages.
Key Facts:
o Industry-leading supplier: The tenant is a leader in ice cream and
beverage products, with strong brand value and recognition.
o Mission-critical properties: The multi-property site has served as the
company's headquarters and primary production facility since its founding.
The company has consistently invested in the properties to improve
operations and accommodate future growth, including a recent expansion to
its refrigerated warehouse.
o Environmentally responsible tenant: The site is powered entirely by
renewable, clean energy sources through a combination of wind turbines and
hydroelectric energy. The company has also implemented green initiatives
to eliminate waste, optimize packaging and minimize its environmental
impact.
o Long-term net lease with built-in rent growth: The assets are master
leased on a triple-net basis for 25 years, with fixed annual rent
escalations.
W. P. Carey Inc. Announces Second Quarter 2019 Financial Results
https://www.bloomberg.com/press-releases/...er-2019-financial-results
Total Company
o Net income attributable to W. P. Carey of $66.0 million, or $0.38 per
diluted share
o AFFO of $208.5 million, or $1.22 per diluted share
o 2019 AFFO guidance range narrowed to $4.95 to $5.05 per diluted share,
including Real Estate AFFO of $4.70 to $4.80 per diluted share
o Quarterly cash dividend raised to $1.034 per share, equivalent to an
annualized dividend rate of $4.136 per share
Business Segments
Real Estate
o Segment net income attributable to W. P. Carey of $60.8 million
o Segment AFFO of $199.8 million, or $1.17 per diluted share
o Investment volume of $439.9 million year to date, including $394.7 million
completed during the first half of 2019 and $45.2 million subsequent to
quarter end
o Active capital investment projects totaling $183.7 million at quarter end,
including $95.9 million expected to be completed in 2019
o Entered into agreements to convert 36 existing self-storage operating
properties to net leases
o Gross disposition proceeds of $21.9 million during the first half of 2019
o Portfolio occupancy of 98.2%
o Weighted-average lease term increased to 10.4 years
Investment Management
o Segment net income attributable to W. P. Carey of $5.3 million
o Segment AFFO of $8.6 million, or $0.05 per diluted share
Balance Sheet and Capitalization
o Issued $325 million of 3.850% Senior Unsecured Notes due 2029
o Utilized ATM program to raise $88.3 million in net proceeds during the
second quarter, bringing net proceeds raised during the first half of 2019
to $392.1 million
o Prepaid mortgage debt totaling $293.7 million during the second quarter,
bringing mortgage debt prepaid during the first half of 2019 to $493.3
million
...
QUARTERLY FINANCIAL RESULTS
Revenues
o Total Company: Revenues, including reimbursable costs, for the 2019 second
quarter totaled $305.2 million, up 51.8% from $201.1 million for the 2018
second quarter.
o Real Estate: Real Estate revenues, including reimbursable costs, for the
2019 second quarter were $291.5 million, up 67.6% from $173.9 million for
the 2018 second quarter, due primarily to additional lease revenues from
properties acquired in the Company's merger with CPA:17 on October 31,
2018 (the CPA:17 Merger) and net acquisitions.
Note: While it has no impact on net income or AFFO, in accordance with
Accounting Standards Update 2016-02, Leases (Topic 842), which the Company
has adopted effective as of January 1, 2019, operating expenses reimbursed
by tenants are included within lease revenues on the consolidated
statements of income (for both current and prior year periods). Prior to
that date the Company presented revenues excluding reimbursable costs.
o Investment Management: Investment Management revenues, including
reimbursable costs, for the 2019 second quarter were $13.7 million, down
49.6% from $27.2 million for the 2018 second quarter, due primarily to the
cessation of asset management revenue previously earned from CPA:17.
Net Income Attributable to W. P. Carey
o Net income attributable to W. P. Carey for the 2019 second quarter was
$66.0 million, down 12.8% from $75.7 million for the 2018 second quarter.
Net income from Investment Management attributable to W. P. Carey
decreased, due primarily to the cessation of Investment Management
revenues and distributions previously earned from CPA:17. Net income from
Real Estate attributable to W. P. Carey increased, due primarily to
properties acquired in the CPA:17 Merger and net acquisitions. The
increase in revenues from properties acquired in the CPA:17 Merger and
acquisitions was partly offset by corresponding increases in depreciation
and amortization, interest expense and property expenses.
Adjusted Funds from Operations (AFFO)
o AFFO for the 2019 second quarter was $1.22 per diluted share, down 7.6%
from $1.32 per diluted share for the 2018 second quarter. AFFO from the
Company's Real Estate segment (Real Estate AFFO) increased, due primarily
to the accretive impact of properties acquired in the CPA:17 Merger and
net acquisitions. AFFO from the Company's Investment Management segment
declined, due primarily to the cessation of Investment Management revenues
and distributions previously earned from CPA:17.
Note: Further information concerning AFFO and Real Estate AFFO, which are
both non-GAAP supplemental performance metrics, is presented in the
accompanying tables and related notes.
Dividend
o As previously announced, on June 13, 2019 the Company's Board of Directors
declared a quarterly cash dividend of $1.034 per share, equivalent to an
annualized dividend rate of $4.136 per share. The dividend was paid on
July 15, 2019 to stockholders of record as of June 28, 2019.
AFFO GUIDANCE
o For the 2019 full year, the Company has narrowed its AFFO guidance range
and currently expects to report total AFFO of between $4.95 and $5.05 per
diluted share, including Real Estate AFFO of between $4.70 and $4.80 per
diluted share, based on the following key assumptions, which are
unchanged:
W. P. Carey Inc. 2019 Q2 - Results - Earnings Call Slides
https://seekingalpha.com/article/...9-q2-results-earnings-call-slides
W. P. Carey Inc. (WPC) CEO Jason Fox on Q2 2019 Results - Earnings Call Transcript
https://seekingalpha.com/article/...-results-earnings-call-transcript
W. P. Carey Inc. Increases Quarterly Dividend to $1.036 per Share
https://www.bloomberg.com/press-releases/...vidend-to-1-036-per-share
W. P. Carey Inc. (NYSE: WPC) reported
today that its Board of Directors increased its quarterly cash dividend to
$1.036 per share, equivalent to an annualized dividend rate of $4.14 per
share.
W. P. Carey Announces Investments Totalling €113 Million ($124 Million)
https://www.bloomberg.com/press-releases/...g-113-million-124-million
W. P. Carey Inc. (NYSE: WPC), a leading
net lease REIT specialising in corporate sale-leasebacks, build-to-suits and
the acquisition of single-tenant net lease properties, today announced three
investments totalling approximately €113 million ($124 million). The
investments comprise industrial facilities in the U.S., Mexico and the
Netherlands and a build-to-suit commitment for an industrial R&D facility in
Germany. The properties are triple-net leased to industry-leading tenants with
a weighted-average lease term of approximately 22 years.
https://www.bloomberg.com/press-releases/...er-2019-financial-results
QUARTERLY FINANCIAL RESULTS
Revenues
o Total Company: Revenues, including reimbursable costs, for the 2019 third
quarter totaled $318.0 million, up 51.9% from $209.4 million for the 2018
third quarter.
o Real Estate: Real Estate revenues, including reimbursable costs, for the
2019 third quarter were $302.8 million, up 68.9% from $179.3 million for
the 2018 third quarter, due primarily to additional lease revenues from
properties acquired in the Company's merger with CPA:17 on October 31,
2018 (the CPA:17 Merger) and net acquisitions. Lease termination income
and other revenue for the 2019 third quarter included $8.3 million in
proceeds from a bankruptcy claim on a prior tenant and the collection of
$3.3 million in past-due rents resulting from the restructuring of certain
leases on properties acquired in the CPA:17 Merger.
Note: While it has no impact on net income or AFFO, in accordance with
Accounting Standards Update 2016-02, Leases (Topic 842), which the Company
has adopted effective as of January 1, 2019, operating expenses reimbursed
by tenants are included within lease revenues on the consolidated
statements of income (for both current and prior year periods). Prior to
that date the Company presented revenues excluding reimbursable costs.
o Investment Management: Investment Management revenues, including
reimbursable costs, for the 2019 third quarter were $15.3 million, down
49.2% from $30.1 million for the 2018 third quarter, due primarily to the
cessation of asset management revenue previously earned from CPA:17, as
well as lower structuring and other advisory revenues.
https://www.fool.com/earnings/call-transcripts/...all-transcript.aspx
Ist entweder allgemein dem Sektor geschuldet,
und/oder einige Fonds, deren Wirtschaftsjahr im Dezember endet, wollen noch ihre Bilanzen fürs Jahresende "auf hübschen" und son verkauf von sonem gut gelaufenem Ding könnt natürlich gut ausschauen.