8/7/2023 0 Comments Wpc yahoo finance newsWe aim to bring you long-term focused analysis driven by fundamental data. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. This article by Simply Wall St is general in nature. Alternatively, email editorial-team (at). Have feedback on this article? Concerned about the content? Get in touch with us directly. Carey (1 is concerning) you should be aware of. For instance, we've identified 2 warning signs for W. Risk Analysisĭon't forget that there may still be risks. The company's shares are up 1.2% from a week ago. Performance of the American REITs industry. on average during the next 2 years, compared to a 7.7% growth forecast for the REITs industry in the US. Looking ahead, revenue is forecast to grow 11% p.a. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue exceeded analyst estimates by 1.4%. Carey Revenues and Earnings Beat Expectations Carey, currently carrying a Zacks Rank #3 (Hold), have climbed 5.2% in the past six months, outperforming the industry’s growth of 3.5%.W. The company is focused on investing in high-quality single-tenant industrial, warehouse and retail properties located in the United States, and Northern and Western Europe, which it leases on a long-term basis, with built-in rent escalators. Carey, is likely to benefit from the healthy demand for its spaces. With a high-quality portfolio of critical commercial real estate, the diversified net lease REIT, W. dollars and fixed-rent escalations over a 20-year term. It will help the company secure steady rental revenues over the long term, with the sale-leaseback transaction being structured as a triple-net master lease with the rent payable in U.S. Particularly, WPC’s latest move reflects its ability to secure accretive transactions efficiently. Carey too is well-poised to benefit from investments in the industrial real estate space in some attractive markets worldwide. This will offer opportunities to industrial landlords to enjoy a favorable market environment. Apart from the fast adoption of e-commerce, the industrial real estate space is poised to gain traction over the long run from a likely rise in the inventory levels of companies as a precaution for any supply-chain disruption. Carey.Īmid an e-commerce boom, growth in industries and companies making efforts to improve supply-chain efficiencies, the demand for industrial real estate space has been shooting up. The portfolio is spread across four campuses, which are located in attractive industrial submarkets within the Greater Toronto Area, making the investment strategic for W. The portfolio involves a large portion of Apotex's global operations, comprising 11 properties encompassing 2.3 million square feet of space. Apotex is a global pharmaceutical company and the largest generic drug manufacturer in Canada. The latest investments comprised the sale-leaseback of a critical portfolio of four pharmaceutical R&D and manufacturing campuses with Apotex Pharmaceutical Holdings, Inc. So far in the year, the company has completed $650 million in investments, with the majority of these related to industrial properties. The investments are in line with the company’s externally-driven growth strategy, which is focused on high-quality industrial assets. WPC recently announced industrial portfolio investments worth $468 million in Canada.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |