W. P. Carey: Adequate But Not Attractive Dividend
Portfolio Pulse from
W. P. Carey (WPC) offers a 6% yield after a dividend cut in 2023 and lower distributions in 2024, following a spin-off of a weak office portfolio. The current portfolio provides attractive income with a payout ratio on AFFO around 75%.
January 22, 2025 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
W. P. Carey has a 6% yield after a dividend cut in 2023 and lower distributions in 2024, due to a spin-off of a weak office portfolio. The current portfolio offers attractive income with a 75% AFFO payout ratio.
The dividend cut and lower distributions in 2024 suggest potential investor concern, likely leading to short-term negative sentiment. However, the attractive income from the current portfolio may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100