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W. P. Carey Inc. (WPC)
NYSE:WPC
Earnings Data
Report Date
Jul 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.68Last Year’s EPS
0.65Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 29, 2025
|% Change Since: -1.83%
|Next Earnings Date:Jul 25, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautious optimism with solid investment activity and a strong pipeline offset by challenges related to tariffs and specific tenant credit issues. While there are uncertainties, the company's funding strategy and refinancing efforts are positive signs.Company Guidance
During the W. P. Carey First Quarter 2025 Earnings Conference Call, the company provided detailed guidance on its financial outlook for the year. The company reaffirmed its AFFO guidance range of $4.82 to $4.92 per share, reflecting a 3.6% implied growth, with potential to exceed this as market dynamics unfold. W. P. Carey reported a solid $450 million of investment volume for the year-to-date, with a weighted average cap rate of 7.4%, and expects to close additional deals in the near term, totaling approximately $570 million. The company remains confident in accretively funding new investments, leveraging a solid mix of U.S. dollar and Euro-denominated debt, with a current weighted average cost of debt at 3.2%, and minimal near-term debt maturities. Dispositions are projected between $500 million to $1 billion, with an anticipated 100 basis point spread between asset sales and new investments. Despite external uncertainties, such as tariffs, the company maintains its estimated potential rent loss from tenant credit events and sees a path to the high end of its guidance ranges, driven by strong investment pipeline and strategic capital management.Solid Investment Activity
Closed about $450 million of investments with an initial weighted average cap rate of 7.4%, with rent escalation structures averaging in the mid to high 2% range, resulting in an average yield over the life of the leases exceeding 9%.
Strong Pipeline and Funding Strategy
Visible pipeline of approximately $570 million in deals for 2025 and progress on funding through non-core asset sales, including $130 million sold in the first quarter.
Euro Term Loan Refinancing
Refinanced Euro term loan, fixing its interest rate below 3% through an interest rate swap, demonstrating low cost of debt in the net lease sector.
AFFO Growth and Guidance
AFFO per share of $1.17 for the first quarter, an increase of 2.6% year-over-year, reaffirmed AFFO guidance range of $4.82 to $4.92 per share.
Dividend Increase
Declared a dividend of $0.89 per share, annualized at $3.56, representing a 2.9% increase over the prior year.
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WPC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WPC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2025 | $61.14 | $62.44 | +2.13% |
Feb 11, 2025 | $55.34 | $56.88 | +2.78% |
Oct 29, 2024 | $54.99 | $54.50 | -0.89% |
Jul 30, 2024 | $58.15 | $55.29 | -4.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does W. P. Carey Inc. (WPC) report earnings?
W. P. Carey Inc. (WPC) is schdueled to report earning on Jul 25, 2025, TBA Not Confirmed.
What is W. P. Carey Inc. (WPC) earnings time?
W. P. Carey Inc. (WPC) earnings time is at Jul 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WPC EPS forecast?
WPC EPS forecast for the fiscal quarter 2025 (Q2) is 0.68.
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