W. P. Carey's second quarter earnings call reflected strong financial performance and strategic execution, with significant achievements in investment volume, asset dispositions, and balance sheet management. While the company faces some tenant-specific risks and economic uncertainties, the positive outlook and increased guidance underpin a solid position moving forward.

Company Guidance -

Q3 2025

In the second quarter of 2025 earnings call, W. P. Carey announced robust performance and increased guidance for the year. The company raised its full-year AFFO growth outlook to 4.5% at the midpoint, with AFFO per share for the quarter at $1.28, marking a 9.4% increase year-over-year. They completed over $1 billion in new investments, with cap rates averaging in the mid-7% range and lease terms averaging 19 years. Investment yields are expected to reach the mid-9% range, aided by rent escalations averaging 2.8%. The company also executed $175 million in asset sales, including self-storage properties, at sub-6% cap rates and issued $400 million in bonds at a 4.65% coupon rate, enhancing liquidity. Furthermore, W. P. Carey reduced its reserve for potential rent loss by $5 million, indicating improved tenant credit quality, and raised its full-year disposition guidance, projecting sales between $900 million and $1.3 billion.

Record Investment Volume

W. P. Carey completed over $1 billion of investments year-to-date, surpassing initial expectations. The second quarter alone saw $550 million in deals at a 7.5% weighted average cap rate and a 19-year lease term.

Increased Guidance for AFFO Growth

The company raised its full-year AFFO guidance to 4.5% growth at the midpoint, driven by strong first-half results and a robust pipeline.

Successful Asset Dispositions

W. P. Carey sold an initial tranche of 15 self-storage properties for $175 million at a sub-6% cap rate, exceeding expectations and providing a significant spread for reinvestment.

Strong Balance Sheet Management

The company issued $400 million in bonds with a 4.65% coupon rate, maintaining a low weighted average cost of debt at 3.1%.

Stable Tenant Credit and Portfolio Performance

The company has not experienced unforeseen disruptions due to tenant credit events or tariffs, leading to a $5 million reduction in the estimated potential rent loss reserve.

Dividend Growth

The company declared a dividend of $0.90 per share, representing a 3.4% increase over the prior year, supported by earnings growth.

W. P. Carey Inc. (WPC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WPC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	0.63 / -	0.51	―	―	―
Jul 30, 2025	2025 (Q2)	0.63 / 0.25	0.65	-61.54% (-0.40)
Apr 29, 2025	2025 (Q1)	0.64 / 0.60	0.72	-16.53% (-0.12)
Feb 11, 2025	2024 (Q4)	0.59 / 0.34	0.985	-65.89% (-0.65)
Oct 29, 2024	2024 (Q3)	0.54 / 0.51	0.58	-12.07% (-0.07)
Jul 30, 2024	2024 (Q2)	0.58 / 0.65	0.656	-0.91% (>-0.01)
Apr 30, 2024	2024 (Q1)	0.53 / 0.72	1.361	-47.10% (-0.64)
Feb 09, 2024	2023 (Q4)	0.53 / 0.98	1.038	-5.11% (-0.05)
Nov 03, 2023	2023 (Q3)	0.66 / 0.58	0.522	11.11% (+0.06)
Jul 28, 2023	2023 (Q2)	- / 0.66	0.677	-3.10% (-0.02)

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

WPC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$63.67	$64.16	+0.77%
Apr 29, 2025	$60.26	$61.55	+2.14%
Feb 11, 2025	$54.55	$56.07	+2.79%
Oct 29, 2024	$54.21	$53.72	-0.90%

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.

FAQ

When does W. P. Carey Inc. (WPC) report earnings?

W. P. Carey Inc. (WPC) is schdueled to report earning on Oct 31, 2025, Before Open (Confirmed).

What is W. P. Carey Inc. (WPC) earnings time?

W. P. Carey Inc. (WPC) earnings time is at Oct 31, 2025, Before Open (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 (Q3) is 0.63.

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