Press release
Investigation announced for Investors who lost money with shares of W. P. Carey Inc. (NYSE: WPC)
An investigation for investors in W. P. Carey Inc. (NYSE: WPC) shares over potential securities laws violations by W. P. Carey Inc
Investors who purchased shares of W. P. Carey Inc. (NYSE: WPC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by W. P. Carey Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
New York based W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023. W. P. Carey Inc. reported that its annual Total Revenue rose from over $14.7 billion in 2022 to over $1.74 billion in 2023, and that its Net Income increased from $599.13 million in 2022 to $708.33 million in 2023.
On September 26, 2023, W. P. Carey Inc. was downgraded by BMO Capital, with analysts "perplexed" by the Company's plan to spin off most of its office portfolio into a new REIT.
Shares of W. P. Carey Inc. (NYSE: WPC) declined from $64.39 per share on September 01, 2023, to as low as $52.49 per share on September 26, 2023.
Those who purchased shares of W. P. Carey Inc. (NYSE: WPC) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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