Key Developments: W. P. Carey Inc (WPC.N)

WPC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

W. P. Carey Inc reaffirms FY 2014 AFFO guidance
Monday, 3 Mar 2014 08:30am EST 

W. P. Carey Inc:Maintains its previously announced AFFO guidance of between $4.40 to $4.65 per diluted share for FY 2014.FY 2014 FFO of $4.47 - Thomson Reuters I/B/E/S.  Full Article

W. P. Carey Inc announces $90 mln acquisition of siemens headquarters in Oslo, Norway
Friday, 28 Feb 2014 07:30am EST 

W. P. Carey Inc:Acquires new headquarters of Siemens AS in Oslo, Norway from the developer of the facility, Oslo Business Park AS.  Full Article

W. P. Carey Inc completes merger with Corporate Property Associates 16 - Global and announces new credit facility
Monday, 3 Feb 2014 05:59am EST 

W. P. Carey Inc:Says its merger with its publicly held, non-traded REIT affiliate, Corporate Property Associates 16 - Global Incorporated.Says merger was closed on Jan. 31, 2014.Says it has issued about 30.7 mln shares Corporate Property Associates :16 - Global stockholders, with an exchange rate of 0.1830 shares of W. P. Carey common stock for each Corporate Property Associates :16 - Global share held at closing.Says it has obtained a senior unsecured credit facility totaling $1.25 bln.Says the facility is composed of a $1.0 bln revolving line of credit and a $250 mln term loan as well as a $500 mln accordion feature.Says Bank of America, N.A. and JPMorgan Chase Bank, N.A. acted as Joint Bookrunners and Joint Lead Arrangers.Says the revolving line of credit will mature in four years with an option to extend for one year.Says the term loan component has a two-year maturity with two separate one-year extension options.Says expects to use the new facility primarily for potential new investments and general corporate purposes.  Full Article

W. P. Carey Inc gives FY 2014 AFFO outlook in line with analysts' estimates
Monday, 27 Jan 2014 05:55am EST 

W. P. Carey Inc:Sees FY 2014 adjusted funds from operations (AFFO) between $4.40 to $4.65 per diluted share.FY 2014 AFFO of $4.45 - Thomson Reuters I/B/E/S.  Full Article

W. P. Carey Inc Joint Venture Undertaking Carey Watermark Investors Acquires Hawks Cay Resort
Thursday, 24 Oct 2013 07:00am EDT 

W. P. Carey Inc's Joint Venture Undertaking Carey Watermark Investors Incorporated (CWI) announced that it has acquired the Hawks Cay Resort, the destination resort in the Florida Keys. Located on Duck Key-approximately 100 miles south of Miami and 60 miles northeast of Key West-Hawks Cay includes 177 resort guestrooms and a resort residential management program that includes over 250 two-three-and four-bedroom villas. CWI's total investment in the property is approximately $149.4 million, including a $133.8 million purchase price and $15.6 million of planned capital improvements and other acquisition-related costs. The acquisition was financed with $79.0 million of debt. The property will be managed by Pyramid Hotel Group.  Full Article

W. P. Carey Inc Announces 50th Consecutive Dividend Increase
Thursday, 19 Sep 2013 04:15pm EDT 

W. P. Carey Inc announced that its Board of Directors had increased its quarterly cash dividend to $0.86 per share, which equates to an annualized rate of $3.44. Payable on October 15, 2013 to stockholders of record as of September 30, 2013, this marks the Company's 50th consecutive dividend increase.  Full Article

W. P. Carey Inc Announces £40 Million Acquisition of UK Government Office Facility
Tuesday, 10 Sep 2013 02:00am EDT 

W. P. Carey Inc. announced that it has acquired an office facility of the Department of State for Communities and Local Government (DCLG), a department of the UK Government, located in Manchester, UK. The total acquisition cost of the facility was approximately £40 million (EUR55 million). The facility is leased to the DCLG on a 15-year, triple-net lease and is currently occupied by the UK's tax department, Her Majesty's Revenue & Customs.  Full Article

W. P. Carey Inc's Affiliate Announces Acquisition of H&M Distribution Center In Poland
Wednesday, 17 Jul 2013 07:00am EDT 

W. P. Carey Inc announced that CPA:17 - Global, one of its publicly held non-traded REIT affiliates, has acquired a logistics center of H&M Hennes & Mauritz AB (H&M) in Poznan, Poland from a fund managed by Invesco Real Estate. The total acquisition cost for the 896,911 sq ft (83,325 sq m) facility was approximately $85 million (EUR64 million). Invesco Real Estate was represented by Colliers International in the transaction, who was retained to market the property for sale. Property agent Victorios acted on behalf of CPA:17 - Global.  Full Article

W. P. Carey Inc Announces EUR31 Million Acquisition Of Innovation Centre In Netherlands
Monday, 15 Jul 2013 02:00am EDT 

W. P. Carey Inc. announced that CPA:17 - Global, one of its publicly held non-traded REIT affiliates, has acquired the new European Innovation Centre of Royal FrieslandCampina in the Netherlands. The total acquisition cost of the facility was approximately EUR31 million.  Full Article

W. P. Carey Inc Announces Second Quarter 2013 Dividend
Thursday, 20 Jun 2013 04:15pm EDT 

W. P. Carey Inc announced that its Board of Directors had increased its second quarter 2013 cash dividend to $0.84 per share, which equates to an annualized rate of $3.36. Payable on July 15, 2013 to shareholders of record as of July 1, 2013.  Full Article

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