W. P. Carey Inc. announced on March 13, 2025, that its Board of Directors increased the quarterly cash dividend to $0.890 per share. This new dividend rate is equivalent to an annualized dividend rate of $3.56 per share. The dividend is payable on April 15, 2025, to stockholders of record as of March 31, 2025.
This increase represents a 2.9% rise compared to the first quarter of 2024, demonstrating the company's continued commitment to dividend growth. Such consistent increases reflect the stability of W. P. Carey's net lease portfolio and its predictable revenue streams. The company's focus on operationally critical industrial, warehouse, and retail properties supports these distributions.
The company's portfolio included 1,555 net lease properties covering approximately 176 million square feet and 78 self-storage operating properties as of December 31, 2024. These assets, primarily located in the U.S. and Northern and Western Europe, are leased under long-term agreements with built-in rent escalations, providing a solid foundation for shareholder returns.
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