W. P. Carey reports $1.3 billion in year-to-date investments

NEW YORK - W. P. Carey Inc. (NYSE:WPC), a $14.5 billion market cap REIT currently trading near its 52-week high at $66.74, announced Thursday it has completed additional investments totaling $250.8 million since its second quarter earnings release, bringing its year-to-date investment volume to approximately $1.3 billion. According to InvestingPro data, the company maintains impressive gross profit margins of 92.9% and has demonstrated strong financial health.

The recent investments primarily comprise single-tenant industrial properties located in North America and Europe, according to the company’s press release statement.

The net lease REIT also reported additional dispositions with gross proceeds totaling $310 million since its second quarter earnings announcement, primarily from self-storage operating properties. This activity brings the company’s year-to-date disposition volume to $875 million.

Dispositions of self-storage operating properties now total $460.8 million for the year, representing approximately half of the company’s self-storage operating portfolio NOI at the start of 2025.

"We continue to demonstrate our ability to source and close deals in the current environment, at cap rates, lease terms, and rent escalations in-line with where we’ve been investing throughout this year," said Jason Fox, Chief Executive Officer and President of W. P. Carey.

Fox noted that the company’s strategy of funding investments primarily through sales of non-core assets has generated approximately 150 basis points of spread between the average cap rates on dispositions and new investments.

W. P. Carey maintains its full-year investment volume guidance range of $1.4 billion to $1.8 billion and its disposition volume guidance range of $900 million to $1.3 billion.

The company will review its guidance assumptions when it reports third quarter earnings.

In other recent news, W.P. Carey Inc. announced its second-quarter 2025 earnings, revealing an earnings per share (EPS) of $0.23, which fell short of the projected $0.63, resulting in a 63.49% negative surprise. Despite this shortfall, the company surpassed revenue expectations, reporting $430.78 million compared to the anticipated $401.17 million, marking a 7.38% positive surprise. These results highlight a mixed performance for the company, with revenue growth offsetting the disappointment in earnings per share. The earnings report has drawn attention from investors and analysts, focusing on the implications of the revenue beat despite the EPS miss. Such developments are crucial for stakeholders assessing the company’s financial health and future prospects. As analysts and investors digest these figures, the company’s strategic moves and future guidance will likely be under scrutiny.

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