WPC Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

W. P. Carey closed out 2025 on solid footing, reporting fourth-quarter earnings per share of $0.67, matching the consensus estimate precisely, while revenue of $444.55 million, up 10.0% year over year, cleared the $203.85 million consensus by a wide … Read more W. P. Carey closed out 2025 on solid footing, reporting fourth-quarter earnings per share of $0.67, matching the consensus estimate precisely, while revenue of $444.55 million, up 10.0% year over year, cleared the $203.85 million consensus by a wide margin. The headline driver was a sharp recovery in net income, which climbed to $148.32 million from $47.02 million a year earlier, fueled by lower mark-to-market losses on Lineage shares, a higher gain on real estate sales, and the accretive impact of net investment activity. AFFO per diluted share rose 5.0% to $1.27 in the quarter, capping a full-year result of $4.97, a 5.7% increase, anchored by a record $2.10 billion in annual investment volume that included standout deals such as the $321.83 million acquisition of 10 Life Time Fitness properties. The company has since bolstered its capital structure through a roughly $432 million equity raise and nearly €1 billion in Eurobond issuances to fund future industrial-focused acquisitions. Looking ahead, management guided 2026 AFFO of $5.13 to $5.23 per diluted share, implying low-to-mid 4% growth at the midpoint.