W. P. Carey Inc. ( (WPC) ) has released its Q3 earnings. Here is a breakdown of the information W. P. Carey Inc. presented to its investors.
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W. P. Carey Inc. is a leading net lease real estate investment trust (REIT) with a diversified portfolio of high-quality commercial properties, primarily focusing on single-tenant, industrial, warehouse, and retail properties in the U.S. and Europe. The company recently announced its financial results for the third quarter of 2025, highlighting strong investment activity and strategic asset management.
In the third quarter of 2025, W. P. Carey reported a net income of $141.0 million, marking a 26.2% increase compared to the same period in 2024. The company’s diluted earnings per share stood at $0.64, while its Adjusted Funds from Operations (AFFO) reached $276.6 million, or $1.25 per diluted share, reflecting a 5.9% increase from the previous year. The company also declared a quarterly cash dividend of $0.910 per share, representing a 4.0% increase from the prior year.
Key performance metrics for the quarter include a total revenue of $431.3 million, an 8.5% increase from the previous year, driven by net investment activity and rent escalations. The company completed investments totaling $656.4 million during the quarter and disposed of properties for gross proceeds of $495.2 million. Additionally, W. P. Carey issued $400 million of Senior Unsecured Notes and sold $230 million of equity under its ATM program, enhancing its financial flexibility.
Looking forward, W. P. Carey has raised its full-year AFFO guidance to between $4.93 and $4.99 per diluted share, supported by higher anticipated investment volumes and lower expected rent losses. The company remains optimistic about its portfolio performance, sector-leading rent growth, and strong investment pipeline, positioning it for continued AFFO growth into 2026.