Q1 25 EPS
$1.17
BEAT +95.55%
Est. $0.60
Q1 25 Revenue
$409.9M
MISS 0.70%
Est. $412.7M
vs S&P Since Q1 25
-2.7%
TRAILING MARKET
WPC +27.3% vs S&P +30.0%
Market Reaction
Did WPC Beat Earnings? Q1 2025 Results
W. P. Carey delivered a sharply mixed first quarter for 2025, posting AFFO per diluted share of $1.17, a 95.55% beat against the $0.60 consensus estimate, even as total revenues of $409.86 million came in just 0.70% below expectations while still gro… Read more W. P. Carey delivered a sharply mixed first quarter for 2025, posting AFFO per diluted share of $1.17, a 95.55% beat against the $0.60 consensus estimate, even as total revenues of $409.86 million came in just 0.70% below expectations while still growing 4.7% year over year. The standout non-GAAP result was powered by net investment activity, rent escalations, and leasing momentum, with contractual same-store rent growing 2.4% on a constant currency basis across a 1,614-property portfolio running at 98.3% occupancy. On a GAAP basis, however, net income attributable to the company fell 21.0% to $125.82 million, weighed down by $27.90 million in foreign exchange losses and a $12.30 million non-cash credit loss allowance, underscoring the European exposure that some analysts view as an ongoing risk factor. The company reaffirmed its full-year 2025 AFFO guidance of $4.82 to $4.92 per diluted share, based on investment volume of $1.00 billion to $1.50 billion, and noted it could fund external growth through the top end of that range without issuing new equity.
Key Takeaways
- • Net investment activity driving lease revenue growth
- • Built-in contractual rent escalations with 2.4% same-store rent growth on constant currency basis
- • Comprehensive same-store rental income growth of 4.5%
- • Active leasing activity with 103.4% rent recapture on renewals and extensions
- • 98.3% occupancy rate across net lease portfolio
WPC YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
WPC Revenue by Segment
Business unit performance breakdown
“We've had a strong start to the year, closing approximately $450 million of investments to date, with an additional $120 million of projects scheduled to complete this year and several hundred million dollars of deals in our pipeline at advanced stages.”
— Jason Fox, Q1 2025 Earnings Press Release
WPC Earnings Trends
WPC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
WPC EPS Trend
Earnings per share: estimate vs actual
WPC Revenue Trend
Quarterly revenue: estimate vs actual
WPC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 BEAT FY | $0.67 | $0.67 | +0.00% | $444.5M | +118.08% |
| FY Full Year | $1.62 | $2.11 | +30.64% | $1.72B | +0.84% |
| Q3 25 MISS | $0.64 | $0.64 | -0.59% | $431.3M | +1.53% |
| Q2 25 BEAT | $0.64 | $1.28 | +100.44% | $430.8M | +3.49% |
| Q1 25 BEAT | $0.60 | $1.17 | +95.55% | $409.9M | -0.70% |