W.P. Carey Inc. Stock Price, News & Analysis

W. P. Carey (NYSE: WPC), a leading diversified REIT, has announced the pricing of $400 million in Senior Notes due 2030 with a 4.650% interest rate. The notes were priced at 99.088% of principal value, with interest payments scheduled semi-annually starting January 15, 2026.

The offering is expected to settle on July 10, 2025. The company plans to use the proceeds to repay existing debt, including a portion of its $2.0 billion unsecured revolving credit facility, and for general corporate purposes. Wells Fargo Securities, BofA Securities, Scotia Capital, and Mizuho Securities USA served as joint book-running managers for the offering.

W. P. Carey (NYSE: WPC), a leading net lease REIT, has achieved Great Place to Work Certification™ in both the U.S. and the Netherlands, with 95% of global employees rating it as a great workplace. The company also ranked fourth on Fortune's Best Small and Medium Workplaces in New York™ list for 2025.

The certification highlights exceptional employee feedback, with 95-97% of respondents positively rating the company's inclusive environment, community contribution, management ethics, and employee dedication. As of March 31, 2025, WPC's portfolio includes 1,614 net lease properties covering approximately 177 million square feet and 78 self-storage operating properties.

W. P. Carey (NYSE: WPC), a leading net lease REIT, has released its 2024 Corporate Responsibility Report highlighting significant ESG achievements. The company increased its solar portfolio to 30 megawatts through CareySolar®, expanded green lease provisions to over 30% of leases, and achieved over 60% tenant enrollment in electricity usage reporting. Notable accomplishments include completing their first carbon-neutral construction project, establishing initial emissions reduction targets, and maintaining a top governance rating. The company manages 1,614 net lease properties spanning 177 million square feet and 78 self-storage facilities, focusing on industrial, warehouse, and retail properties in the U.S. and Northern and Western Europe.

W. P. Carey (NYSE: WPC), one of the largest net lease REITs, announced a dividend increase to $0.900 per share for the quarter, representing an annualized dividend rate of $3.60 per share. The dividend will be paid on July 15, 2025, to stockholders of record as of June 30, 2025. The company maintains a diverse portfolio comprising 1,614 net lease properties spanning approximately 177 million square feet and 78 self-storage operating properties as of March 31, 2025. W. P. Carey focuses on investing in single-tenant industrial, warehouse, and retail properties across the U.S. and Northern and Western Europe, with built-in rent escalations under long-term net leases.

W. P. Carey reported strong Q1 2025 financial results with net income of $125.8 million and AFFO of $1.17 per share. The company completed $448.6 million in investments year-to-date, including $275.1 million in Q1.

Key highlights:

• Reaffirmed 2025 AFFO guidance of $4.82-$4.92 per share
• Increased quarterly dividend to $0.890 per share
• Achieved 2.4% contractual same-store rent growth
• Portfolio includes 1,614 net lease properties across 177 million square feet
• Maintained strong 98.3% occupancy rate

The company strengthened its balance sheet by repaying $450 million in Senior Notes and refinancing a €500 million term loan. With $2.0 billion in total liquidity and a well-diversified portfolio of industrial, warehouse, and retail properties, W. P. Carey remains positioned for continued growth despite market uncertainty.

W. P. Carey (NYSE: WPC), a major net lease REIT, has scheduled the release of its Q1 2025 financial results for Tuesday, April 29, 2025, after market close. The company will host a conference call and webcast to discuss the results on Wednesday, April 30, 2025, at 11:00 a.m. ET.

As of December 31, 2024, W. P. Carey's portfolio includes 1,555 net lease properties spanning approximately 176 million square feet and 78 self-storage operating properties. The company specializes in single-tenant industrial, warehouse, and retail properties across the U.S. and Northern and Western Europe, operating from offices in New York, London, Amsterdam, and Dallas.

W. P. Carey (NYSE: WPC) has completed Q1 2025 investments of $275 million, primarily in industrial property sale-leasebacks. The company maintains its 2025 investment volume forecast of $1.0-1.5 billion and expects disposition proceeds of $500 million to $1.0 billion.

Key tenant updates include:

• Hellweg: Agreement to terminate leases on 12 stores by 2026, with active negotiations to lease 8 stores at current rent levels
• Do it Best (formerly True Value): Executed lease amendments for six facilities, while three assets will be vacated and sold
• Hearthside: Successfully emerged from Chapter 11 with leases maintained at existing terms

The company refinanced its €500 million term loan, extending maturity to 2029, and affirmed its 2025 AFFO guidance of $4.82-$4.92 per diluted share. Expected rent loss from tenant credit events remains projected at $15-20 million for 2025.

W. P. Carey (NYSE: WPC), a leading net lease REIT, has released its 2024 CEO Letter highlighting key achievements. The company completed its office exit strategy and established a new AFFO baseline for future growth. In 2024, WPC completed $1.6 billion of investments in industrial, warehouse, and retail properties across the U.S. and Europe.

The company achieved 2.6% year-over-year contractual same-store rent growth, maintaining best-in-class rent escalations on new investments. As of December 31, 2024, WPC's portfolio includes 1,555 net lease properties covering approximately 176 million square feet and 78 self-storage operating properties.

CEO Jason Fox emphasized the company's transformation into a simpler, more dynamic business with a strong balance sheet, access to multiple capital forms, exceptional rent growth, and a proven investment approach positioned for sustainable growth.

W. P. Carey (NYSE: WPC) has announced a dividend increase, with its Board of Directors raising the quarterly cash dividend to $0.890 per share, representing an annualized dividend rate of $3.56 per share. The dividend will be paid on April 15, 2025, to stockholders of record as of March 31, 2025.

As one of the largest net lease REITs, WPC maintains a diverse portfolio comprising 1,555 net lease properties spanning approximately 176 million square feet and 78 self-storage operating properties as of December 31, 2024. The company's strategic focus remains on single-tenant industrial, warehouse, and retail properties across the U.S. and Northern and Western Europe, secured by long-term net leases with built-in rent escalations.