Net Lease Office Properties - Special Situation [Seeking Alpha]
W. P. Carey Inc. REIT (WPC)
Last w. p. carey inc. reit earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
wpcarey.com/investor-relations
Company Research
Source: Seeking Alpha
NLOP is a special situation where they are liquidating a pool of spun off office properties from W. P. Carey. The Company has shown good progress on liquidating the office properties by selling seven properties at an average cap. rate of 10%. We believe that the implied cap. rate of 18% in the stock price is unfair and presents a compelling opportunity. Investment Thesis “Office properties”, the name in itself is enough to scare investors these days. We completely share the fear based on the long-term outlook of office properties, but NYSE: NLOP is a special scenario. We don't have to hold these properties as a going concern. NLOP's sole objective is to liquidate these office properties while leveraging the asset management expertise of WPC as its advisor. Therefore, we don't have to worry about the long-term earnings potential and only focus on the liquidation value of these properties. Looking at the previous sales and the implied cap. rate in the stock, we believe the
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WPC
News
- INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against W. P. Carey Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- Why I Keep Loading Up on These 2 Passive Income Machines [Yahoo! Finance]Yahoo! Finance
- Missed The Bottom? W. P. Carey At $60 Is Still A Goldmine For Investors [Seeking Alpha]Seeking Alpha
- DEADLINE ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against W. P. Carey Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against W. P. Carey Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
WPC
Earnings
- 4/30/24 - Beat
WPC
Sec Filings
- 5/16/24 - Form 8-K
- 5/9/24 - Form 424B5
- 5/8/24 - Form 305B2
- WPC's page on the SEC website