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Posted by
Two Blokes April 24, 2025 -
Filed in
Stock
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13 views
W. P. Carey surged 15% post-4Q24 earnings due to a new growth engine, combining organic growth and spread investing, despite modest AFFO/share growth guidance. WPC's historical growth phases included private REIT fee streams, but recent growth is driven by real estate NOI and a shift to pure real estate operations. The new growth engine leverages higher cap rates, reduced debt, and cheap financing, setting up a robust acquisition pipeline and long-term AFFO/share growth.
