W. P. Carey Inc. ( (WPC) ) has shared an announcement.
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W. P. Carey Inc. announced a total investment volume of $1.6 billion for 2024, with a record fourth-quarter investment volume of $845 million. The company focused on acquiring high-quality warehouse and industrial properties, with a significant portion of investments located in North America. The fourth quarter saw major investments in discount retail stores, an industrial facility for Canadian Solar, a manufacturing campus in Mexico, and a data center in New Jersey. This strategic acquisition approach positions the company to benefit from rent escalations and strengthens its financial base for future growth, without needing to issue equity.
More about W. P. Carey Inc.
W. P. Carey Inc. is a leading net lease Real Estate Investment Trust (REIT) that specializes in corporate sale-leasebacks, build-to-suits, and the acquisition of single-tenant net lease properties. The company has a diversified portfolio of high-quality, operationally critical commercial real estate, including 1,430 net lease properties and 78 self-storage operating properties. W. P. Carey focuses on industrial, warehouse, and retail properties primarily located in the U.S. and Northern and Western Europe.
YTD Price Performance: 1.29%
Average Trading Volume: 1,164,476
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.02B
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