other material
confidence high
sentiment neutral
materiality 0.60
W. P. Carey YTD investment volume ~$1.3B, dispositions $875M; sees path to high end of guidance
W. P. Carey Inc.
- YTD investment volume ~$1.3B, including $250.8M closed since Q2 earnings.
- Full-year investment guidance reaffirmed at $1.4B–$1.8B.
- YTD gross disposition proceeds $875.0M, including $310.0M since Q2.
- Self-storage operating dispositions total $460.8M, ~half of self-storage portfolio NOI.
- CEO reports ~150 bps spread between disposition cap rates and new investment cap rates.