As noted above, the REIT has a record amount of liquidity (a cool $3.2 billion) including a zero balance on its revolving credit facility. With lower interest rates, that facility is now going to be a cheaper source of instant capital. And when W.P. Carey permanently pays for the deals it makes by selling bonds, those will be cheaper, too.

After years of rate hikes in its effort to tame rising inflation, the central bank has elected to do something it hasn’t done since 2020: make a cut. While on one hand the Feds

The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.