earnings
confidence high
sentiment positive
materiality 0.75
W. P. Carey Q1 2025 AFFO $1.17, up 2.6% YoY; reaffirms FY AFFO guidance $4.82-$4.92
W. P. Carey Inc.
- Net income $125.8M ($0.57 diluted EPS); AFFO $257.8M ($1.17/diluted share, +2.6% YoY).
- Investment volume $448.6M YTD ($275.1M Q1 + $173.5M post-quarter); reaffirms $1.0-$1.5B FY target.
- Raised quarterly dividend to $0.890 ($3.56 annualized, +2.9% vs. Q1 2024); paid April 15, 2025.
- Contractual same-store rent growth 2.4% YoY (constant currency); occupancy 98.3%.
- Repaid $450M 4.0% notes due Feb 2025; refinanced €500M term loan to 2029 at fixed 2.80% all-in rate.