Jason Fox
the title will be assumed by Jason Fox, the Company’s Chief Executive Officer, effective October 1, 2024.
Highest-materiality recent filing
W. P. Carey issues $350M 5.200% Senior Notes due 2036 to refinance existing debt
$350M aggregate principal of 5.200% Senior Notes due 2036 issued on July 2, 2026.
W. P. Carey prices $350M of 5.200% Senior Notes due 2036 to refinance 2026 notes
$350M aggregate principal, 5.200% coupon, due 2036, priced at 99.015% of par.
Hellweg filed for insolvency under self-administration on June 16, 2026.
W. P. Carey shareholders elect all director nominees, approve advisory say-on-pay
All nine directors elected; votes for ranged 141.2M-152.9M; 30.6M broker non-votes.
W. P. Carey reports YTD investment volume of $1.1B, closes GardenCore sale-leaseback
YTD investment volume totals ~$1.1B; $400M added since Q1 2026 results on April 28.
W. P. Carey Q1 AFFO $1.30 vs $1.17; raises 2026 AFFO guidance to $5.16-$5.26
Net income $176.3M ($0.80 EPS) up 40.1% YoY; AFFO $288.7M ($1.30/share) up 11.1% YoY.
W. P. Carey Q1 investment volume $580M, amends credit agreement with CAD$347M term loan
Completed $580M in Q1 investments; warehouse/industrial 60%, retail 40%; Europe 45%, Canada 35%, US 20%.
W. P. Carey issues €1.0B senior notes, exercises full equity option for $64.8M
Issued €500M 3.250% notes due 2031 and €500M 3.750% notes due 2035; proceeds to repay €500M 2.250% notes due April 2026.
W. P. Carey closes public offering of 6M shares at $71.38/share for $432M gross proceeds
6,000,000 shares offered via forward sale agreements at $71.38 per share; gross proceeds $432M.
W. P. Carey prices €1.0B senior notes in two tranches at 3.250% and 3.750%
€500M 3.250% Senior Notes due 2031 and €500M 3.750% Senior Notes due 2035 priced; weighted-average coupon 3.500%.
W. P. Carey Q4 AFFO $1.27 (+5% YoY); 2026 guidance $5.13-$5.23; dividend raised 4.5%
Net income $148.3M in Q4, up 215.5% YoY; full year $466.4M, up 1.2%.
W. P. Carey reports record $2.1B full-year investment volume; $1.5B in dispositions
Record $2.1B full-year investment volume at 7.6% initial cash cap rate and ~9.2% estimated average yield.
Director Mark A. Alexander resigns from W. P. Carey board for health reasons
Mark A. Alexander resigned from the board and Audit/Compensation Committees effective December 12, 2025.
W. P. Carey Q3 AFFO per share $1.25 (+5.9% YoY); raises 2025 AFFO guidance
Net income attributable to WPC of $141.0M (EPS $0.64); AFFO per share $1.25, up from $1.18 in Q3 2024.
W. P. Carey YTD investment volume ~$1.3B, dispositions $875M; sees path to high end of guidance
YTD investment volume ~$1.3B, including $250.8M closed since Q2 earnings.
W.P. Carey Q2 AFFO rises 9.4% to $1.28; raises 2025 guidance to $4.87-$4.95
Q2 AFFO per share $1.28, up 9.4% YoY; net income $51.2M, down 64.2% on $69M Lineage mark-to-market loss.
W. P. Carey issues $400M of 4.650% Senior Notes due 2030
$400M aggregate principal, 4.650% rate, mature July 15, 2030.
W. P. Carey prices $400M of 4.650% senior notes due 2030
$400M aggregate principal of 4.650% Senior Notes due 2030 priced at 99.088% of par.
W. P. Carey shareholders elect all 10 director nominees at annual meeting
All 10 director nominees elected; votes for ranged from 134.5M to 144.6M shares.
W.P. Carey enters $1.25B at-the-market equity program, replacing prior $1B facility
New ATM program allows up to $1.25B of common stock sales through multiple agents, effective May 1, 2025.
W. P. Carey Q1 2025 AFFO $1.17, up 2.6% YoY; reaffirms FY AFFO guidance $4.82-$4.92
Net income $125.8M ($0.57 diluted EPS); AFFO $257.8M ($1.17/diluted share, +2.6% YoY).
W. P. Carey extends €500M term loan maturity to 2029, adds lower pricing tier
Extended €500M Euro Tranche 2 Term Loan maturity by 3 years to April 24, 2029, with optional extension options.
W. P. Carey Q4 net income $47M (-67% YoY); AFFO $1.21/sh (+1.7%); 2025 guide $4.82-$4.92
Q4 net income $47.0M, down 67.4% YoY; diluted EPS $0.21.
W. P. Carey reports 2024 investment volume of $1.6B including record Q4 of $845M
Full-year 2024 investment volume ~$1.6B at 7.5% initial cap rate, average yield ~9%.
W. P. Carey issues €600M 3.700% Senior Notes due 2034
Issued €600M aggregate principal of 3.700% Senior Notes due Nov 19, 2034.
W. P. Carey prices €600M 3.700% Senior Notes due 2034, proceeds for corp purposes & debt repayment
€600M aggregate principal at 98.880% of face, 3.700% interest, maturing 2034.
W. P. Carey Q3 AFFO $1.18, down 10.6% YoY; narrows FY guidance to $4.65-$4.71
Net income $111.7M ($0.51 EPS), down 10.6% YoY; AFFO per share $1.18, down from $1.32.
W. P. Carey tenant True Value files Chapter 11; $18.7M ABR at risk
True Value initiated voluntary Chapter 11 proceedings on Oct 14, 2024, and agreed to sell business to Do it Best Corp.
W.P. Carey Q2 AFFO $1.17 (-14% YoY); lowers 2024 guidance to $4.63-$4.73
Net income $142.9M, EPS $0.65; revenue $389.7M, down 13.9% YoY.
W. P. Carey President John Park to step down; role eliminated; CEO Fox to assume title
John Park will step down as President effective Sept. 30, 2024; remains Senior Advisor through Feb. 2025.
W. P. Carey issues $400M of 5.375% Senior Notes due 2034
$400M aggregate principal amount, 5.375% interest, matures June 30, 2034.
W. P. Carey issues $400M of 5.375% Senior Notes due 2034
$400M aggregate principal of 5.375% Senior Notes due 2034 issued via underwritten public offering.
Mark A. Alexander, Peter J. Farrell, Robert J. Flanagan, and others re-elected to Board; each received over 132M votes for.
Issued €650M aggregate principal of 4.250% Senior Notes due 2032.
€650M aggregate principal of 4.250% Senior Notes due 2032, priced at 99.526% of par.
W. P. Carey Q1 AFFO $1.14, down 13% YoY; net income $159M; affirms FY guidance
Net income $159.2M (diluted EPS $0.72); AFFO $251.9M ($1.14/diluted share), down 13.0% YoY.
W. P. Carey appoints Rhonda Gass to Board; 30+ years tech/cyber experience
Rhonda Gass, Global CIO at Stanley Black & Decker and ex-Dell VP, elected to WPC Board effective March 14, 2024.
W. P. Carey posts investor presentation for upcoming conferences; no material new info
Company posted investor presentation on its website for use at upcoming conferences.
W.P. Carey Q4 AFFO $1.19/sh (-7.8% YoY); guides FY2024 AFFO $4.65-$4.75; cuts dividend to $0.86
Q4 AFFO $1.19 per diluted share, down from $1.29 in Q4 2022; full-year AFFO $5.18 vs $5.29 prior year.
W. P. Carey reports 2023 investment volume of $1.3B; Q4 volume $320M at 7.7% cap rate
2023 investment volume approximately $1.3B, with $320M in Q4 at weighted-average cap rate of 7.7%.
W.P. Carey upsizes revolver to $2.0B, extends maturities to 2028-2029
Revolver upsized from $1.8B to $2.0B; maturity extended four years to Feb 14, 2029.
W.P. Carey subsidiaries enter advisory agreements with NLOP; $625K monthly fee, $7.5M annual cap
Management fee of $625,000 per month, reduced proportionally after property sales, capped at $7.5M per fiscal year.
W. P. Carey Q3 AFFO $1.32, lowers 2023 guidance to $5.17-5.23, completes NLOP office spin-off
Q3 net income $125.0M ($0.58 EPS); AFFO $284.4M ($1.32/share, -2.9% YoY).
W. P. Carey completes spin-off of 59 office properties into NLOP; distribution ratio 1:15
Spin-off completed Nov 1; stockholders received 1 NLOP share per 15 WPC shares held as of Oct 19 record date.
W. P. Carey sets record date Oct 19, distribution date Nov 1 for NLOP spin-off at 1:15 ratio
Registration statement for spin-off of 59 office properties into NLOP deemed effective Oct 6, 2023.
WPC updates 2023 AFFO guidance to $5.18-$5.26; reaffirms Nov 1 spin-off of office into NLOP
Corrected 2023 AFFO guidance range to $5.18-$5.26 per share for both Total Company and Real Estate AFFO.
W. P. Carey to spin off 59 office properties into NLOP, sell 87 more by Jan 2024
Spin-off of 59 office properties into Net Lease Office Properties (NLOP) expected to close ~Nov 1, 2023.
Net income $144.6M, diluted EPS $0.67; AFFO per share $1.36 up 3.8% YoY.
W. P. Carey annual meeting results: all 11 directors elected, say-on-pay and auditor ratified
All 11 director nominees elected with >95% support among votes cast; broker non-votes 40.2M.
W. P. Carey Q1 net income $294.4M, AFFO $1.31/sh; guidance reaffirmed, dividend raised
Net income $294.4M ($1.39 EPS), up 87.5% YoY; included $176.2M gain from U-Haul repurchase option.
the title will be assumed by Jason Fox, the Company’s Chief Executive Officer, effective October 1, 2024.
John J. Park will step down as President of the Company effective September 30, 2024.
Effective as of March 14, 2024, Rhonda O. Gass, age 60, was elected to the Board of Directors of W. P. Carey Inc.
Jean Hoysradt notified the board of directors of the Company (the “ WPC Board ”) on October 31,2023 of her decision to resign as a member of the WPC Board, effective as of November 1, 2023
Effective as of December 8, 2022, Elisabeth Stheeman, age 58, was elected to the Board of Directors of W. P. Carey Inc.
announced the appointment of Mr. Brian Zander as Chief Accounting Officer of the Company, effective November 5, 2022
Mr. Arjun Mahalingam, who is resigning from his position as Chief Accounting Officer of the Company as of November 4, 2022 to pursue a new opportunity.
Effective as of March 10, 2022, Constantin H. Beier, age 50, was elected to the Board of Directors of W. P. Carey Inc.
Max materiality 0.85 · Median 0.62 · Most common event other_material