earnings
confidence high
sentiment positive
materiality 0.80
W.P. Carey Q2 AFFO rises 9.4% to $1.28; raises 2025 guidance to $4.87-$4.95
W. P. Carey Inc.
- Q2 AFFO per share $1.28, up 9.4% YoY; net income $51.2M, down 64.2% on $69M Lineage mark-to-market loss.
- Revenue $430.8M, up 10.5% YoY supported by net investment activity and rent escalations.
- 2025 AFFO guidance raised to $4.87-$4.95 per share; investment volume outlook raised to $1.4B-$1.8B.
- Dividend raised 3.4% to $0.900/quarter; issued $400M of 4.650% Senior Notes due 2030 post-quarter.
- Year-to-date investment volume $1.1B; disposition proceeds $565M including 15 self-storage properties for $175M.