W. P. Carey has declared a $0.90/share quarterly dividend, in line with previous. The forward yield is 5.56%. The dividend is payable on July 15 for shareholders of record on June 30.
W. P. Carey Inc. (NYSE: WPC) has announced a quarterly cash dividend of $0.90 per share, representing a 3.4% increase compared to the 2024 second quarter. The dividend is payable on July 15, 2025, to shareholders of record as of June 30, 2025 [1]. The forward yield of 5.56% reflects the company's commitment to maintaining a stable and attractive dividend for shareholders.
The company's second-quarter 2025 financial results highlighted a robust investment activity, with net income attributable to W. P. Carey at $51.2 million, down 64.2% from the 2024 second quarter due to a mark-to-market loss on Lineage shares and other factors. However, Adjusted Funds from Operations (AFFO) per diluted share increased to $1.28, up 9.4% year-over-year, driven by net investment activity and rent escalations [1].
W. P. Carey has also raised its full-year AFFO guidance to between $4.87 and $4.95 per diluted share, reflecting anticipated investment volume of between $1.4 billion and $1.8 billion. The company's investment activity for the second quarter totaled $548.6 million, and it has six capital investments and commitments totaling $109.5 million scheduled for completion in 2025 [1].
The company's balance sheet remains strong, with total liquidity of $1.7 billion, including $1.3 billion of available capacity under its Senior Unsecured Credit Facility and $244.8 million of cash and cash equivalents [1]. Furthermore, W. P. Carey has issued $400 million of 4.650% Senior Unsecured Notes due 2030 to support its capital investments [1].
Looking ahead, W. P. Carey is well-positioned for the second half of 2025, with a healthy pipeline of investments, strong internal growth, and continued portfolio performance. The company remains confident in its ability to deliver sustained AFFO growth and attractive total returns, supported by a well-covered, growing dividend [1].
References:
[1] https://www.prnewswire.com/news-releases/w-p-carey-announces-second-quarter-2025-financial-results-302516489.html
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