Financial StabilityW.P. Carey completed a €600M notes offering, improving the liquidity and duration of its balance sheet, and addressing a scheduled February 2025 maturity, while cementing the company’s reputation as an adept balance sheet manager.
Investment PerformanceW.P. Carey had an active fourth quarter on the investment front, with full-year volumes aligned with management’s outlook, with increased allocation toward the retail sector, consistent with recent messaging.
Portfolio GrowthThe quality of cash flows and growth prospects of the portfolio have improved with the exit from office assets.