W. P. Carey invests $250.8mln, disposes of $875mln properties.

• W. P. Carey completes $250.8M in investments since Q2 earnings. • Year-to-date investment volume reaches $1.3B. • Full-year investment volume guidance range is $1.4B to $1.8B. • Gross disposition proceeds total $875M since Q2 earnings. • Includes $310M of new dispositions since Q2 earnings.

W. P. Carey Inc. (NYSE: WPC) has reported significant investment and disposition activity for the year to date. The company announced that it has completed $250.8 million in new investments since its second quarter earnings release, bringing the year-to-date investment volume to approximately $1.3 billion. This places the company within its full-year investment volume guidance range of $1.4 billion to $1.8 billion [1].

The investments, primarily comprising single-tenant industrial properties located in North America and Europe, demonstrate the company's ability to source and close deals in the current environment. The company's funding strategy of using proceeds from non-core asset sales to finance new investments has generated approximately 150 basis points of spread between the average cap rates on dispositions and new investments [2].

Additionally, W. P. Carey reported $875 million in year-to-date disposition proceeds, including $310 million in new dispositions since the second quarter announcement. The dispositions consisted primarily of self-storage operating properties, with gross proceeds from these dispositions totaling $460.8 million for the year. This represents approximately half of the company's self-storage operating portfolio net operating income at the start of 2025 [1].

The company's full-year disposition volume guidance range is currently $900 million to $1.3 billion. Jason Fox, Chief Executive Officer and President of W. P. Carey, stated that the company sees a path towards the high end of its guidance range if it continues executing at the current levels. He also noted that the company will review its guidance assumptions when it reports its third quarter earnings [2].

W. P. Carey operates as a net lease REIT with a portfolio including 1,600 net lease properties covering approximately 178 million square feet and 66 self-storage operating properties as of June 30, 2025. The company focuses on investing in single-tenant industrial, warehouse, and retail properties in the United States and Europe under long-term net leases with built-in rent escalations [2].

References:
[1] https://www.streetinsider.com/Corporate+News/W.+P.+Carey+reports+%241.3+billion+in+year-to-date+investments/25295218.html
[2] https://www.prnewswire.com/news-releases/w-p-carey-announces-year-to-date-investment-volume-totaling-approximately-1-3-billion-302545784.html