Business
W. P. Carey Releases 2024 CEO Letter
W. P. Carey (W. P. Carey, 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 the release of its 2024 CEO Letter to shareholders. The letter can be viewed and downloaded from W. P. Carey's website at www.wpcarey.com/CEO-Letter.
About this update from W. P. Carey Inc. Reit
[{"type":"text","content":"NEW YORK, March 28, 2025 /PRNewswire/ -- W. P. Carey (W. P. Carey, 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 the release of its 2024 CEO Letter to shareholders. The letter can be viewed and downloaded from W. P. Carey's website at www.wpcarey.com/CEO-Letter.","length":400,"tagName":"p"},{"type":"image","alt":"W. P. Carey Releases 2024 CEO Letter","displaySize":"","headline":null,"caption":"W. P. Carey Releases 2024 CEO Letter","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":300,"url":"https://media.zenfs.com/en/prnewswire.com/975bd31d8a3ae2c62f529647286a6955"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SoogCzOy9qiXvCYAgt8gyw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTUyOTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/975bd31d8a3ae2c62f529647286a6955","width":400,"height":300}},"href":"https://mma.prnewswire.com/media/2652195/WPC_CEOLetter_PressRelease_72dpi.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"2024 highlights include:","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"A new foundation for growth: With the successful completion of W. P. Carey's office exit strategy, the company has established a new baseline for AFFO, setting the foundation for sustainable future growth in earnings and dividends that will drive long-term value for its shareholders.","length":293,"tagName":"p"}]},{"val":[{"type":"text","content":"Strong investment activity: W. P. Carey maintained its focus on investing primarily in high-quality, single-tenant industrial, warehouse and retail properties both in the U.S. and Europe, completing $1.6 billion of investments at attractive spreads to its cost of capital and ending the year with a record quarter of activity.","length":327,"tagName":"p"}]},{"val":[{"type":"text","content":"Best-in-class rent growth: W. P. Carey continued to achieve best-in-class rent escalations on new investments, resulting from its focus on sale-leasebacks. Despite lower inflation, the strength of the company's fixed rent bumps supported year-over-year contractual same-store rent growth of 2.6%, which remains among the best in the net lease sector.","length":360,"tagN...