Earnings summaries and quarterly performance for W. P. Carey.
Executive leadership at W. P. Carey.
Board of directors at W. P. Carey.
Christopher Niehaus
Non-Executive Chair
Constantin Beier
Director
Elisabeth Stheeman
Director
Margaret Lewis
Director
Mark Alexander
Director
Peter Farrell
Director
Rhonda Gass
Director
Robert Flanagan
Director
Tonit Calaway
Director
Research analysts who have asked questions during W. P. Carey earnings calls.
Anthony Paolone
JPMorgan Chase & Co.
10 questions for WPC
Greg McGinniss
Scotiabank
10 questions for WPC
Michael Goldsmith
UBS
8 questions for WPC
Smedes Rose
Citigroup
8 questions for WPC
James Kammert
Evercore ISI
7 questions for WPC
John Kim
BMO Capital Markets
7 questions for WPC
Jana Galan
Bank of America
6 questions for WPC
Brad Heffern
RBC Capital Markets
5 questions for WPC
Jason Wayne
Barclays
5 questions for WPC
John Kilichowski
Wells Fargo & Company
5 questions for WPC
Mitch Germain
Citizens JMP
4 questions for WPC
Ryan Caviola
Green Street
4 questions for WPC
Eric Borden
BMO Capital Markets
3 questions for WPC
Jim Kammert
Evercore
3 questions for WPC
Spenser Allaway
Green Street
3 questions for WPC
Spenser Glimcher
Green Street Advisors, LLC
3 questions for WPC
Daniel Bion
Bank of America
2 questions for WPC
Kathryn Graves
UBS
2 questions for WPC
Barrel Grant
Bank of America
1 question for WPC
Bennett Rose
Citigroup
1 question for WPC
Farrell Granath
Bank of America
1 question for WPC
Nicholas Joseph
Citigroup
1 question for WPC
Rich Hightower
Barclays
1 question for WPC
William John Kilichowski
Wells Fargo
1 question for WPC
Recent press releases and 8-K filings for WPC.
- W. P. Carey Inc. announced that the underwriters of its previously announced public offering fully exercised their option to purchase an additional 900,000 shares of common stock.
- The exercise of the option closed on February 24, 2026, resulting in total gross proceeds from the offering of $496.8 million.
- The company intends to use the net proceeds to fund potential future investments, repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.
- W. P. Carey Inc. completed a public offering of €1.0 billion in senior unsecured notes on February 24, 2026, comprising €500 million of 3.250% Senior Notes due 2031 and €500 million of 3.750% Senior Notes due 2035.
- The net proceeds from the notes offering will be used to repay €500 million of 2.250% Senior Notes due April 2026, fund potential future investments, and repay other indebtedness, including amounts outstanding under its $2.0 billion unsecured revolving credit facility and €215 million unsecured term loan due February 2028.
- Additionally, the underwriters fully exercised an option to purchase an additional 900,000 shares of common stock, generating $64.8 million in gross proceeds and bringing the total gross proceeds from that offering to $496.8 million.
- W. P. Carey Inc. announced and closed an underwritten public offering of an aggregate of 6,000,000 shares of its common stock on a forward basis, generating gross proceeds of $432 million.
- The underwriters were granted a 30-day option to purchase up to an additional 900,000 shares of common stock.
- The company intends to use the net proceeds to fund potential future investments, repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.
- The offering closed on February 19, 2026, with an initial forward sale price of $71.38 per share.
- W. P. Carey Inc. announced the closing of its underwritten public offering of 6,000,000 shares of common stock on February 19, 2026.
- The offering generated gross proceeds of $432 million.
- The underwriters were granted a 30-day option to purchase up to an additional 900,000 shares.
- The company intends to use the net proceeds to fund potential future investments, repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.
- The offering was made on a forward basis, with physical settlement and receipt of proceeds expected within approximately 24 months from the date of the prospectus supplement.
- W. P. Carey Inc. announced the pricing of an underwritten public offering of 6,000,000 shares of its common stock on a forward basis, generating $432 million in gross proceeds.
- The underwriters have a 30-day option to purchase up to an additional 900,000 shares.
- The company intends to use the net proceeds from the settlement of the forward sale agreements to fund potential future investments, repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.
- The forward sale agreements are expected to be physically settled within approximately 24 months from the date of the prospectus supplement.
- W. P. Carey Inc. has commenced an underwritten public offering of 6,000,000 shares of its common stock, with an option for underwriters to purchase up to an additional 900,000 shares.
- The offering is structured on a forward basis through forward sale agreements with Bank of America, N.A. and JPMorgan Chase Bank, National Association (or their affiliates).
- The company plans to use the net proceeds from the settlement of these agreements to fund potential future investments, repay indebtedness, and for general corporate purposes.
- The physical settlement of the forward sale agreements and receipt of proceeds are expected within approximately 24 months from the prospectus supplement date.
- W. P. Carey Inc. priced an underwritten public offering of €1.0 billion in aggregate principal amount of senior unsecured notes on February 12, 2026.
- The offering consists of €500 million of 3.250% Senior Notes due 2031 and €500 million of 3.750% Senior Notes due 2035, with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years.
- The net proceeds are intended to repay €500 million of its 2.250% Senior Notes due April 2026 and for general corporate purposes, including funding future investments and repaying other indebtedness.
- The offering is expected to settle on February 24, 2026.
- W. P. Carey Inc. (WPC) has priced an underwritten public offering of €1.0 billion in senior unsecured notes, featuring a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years.
- The offering comprises two tranches: €500 million of 3.250% Senior Notes due 2031 and €500 million of 3.750% Senior Notes due 2035.
- The company expects the offering to settle on February 24, 2026, and intends to use the net proceeds to repay €500 million of its 2.250% Senior Notes due April 2026, for general corporate purposes, to fund potential future investments, and to repay other indebtedness.
- W. P. Carey (WPC) reported a highly diversified net-lease portfolio as of December 31, 2025, comprising 1,682 properties across 371 tenants, generating an Annualized Base Rent (ABR) of $1.55 billion. The portfolio is geographically balanced with 67% in North America and 33% in Europe, and features a strong occupancy of 98.0% and a Weighted Average Lease Term (WALT) of 12.0 years.
- The company's balance sheet is investment grade, rated Baal by Moody's and BBB+ by S&P, with a total enterprise value of $22.752 billion as of December 31, 2025.
- Leverage metrics include a Net Debt / Adjusted EBITDA (annualized) of 5.9x, and 92% of the company's debt is fixed-rate, with a weighted average interest rate of 3.2% for the three months ended December 31, 2025.
- W. P. Carey maintained $2.2 billion in liquidity at year-end 2025 and executed several debt issuances in 2024 and 2025 to manage its capital structure.
- W. P. Carey reported strong 2025 results, with AFFO per share of $4.97, representing 5.7% year-over-year growth, and a record annual investment volume of $2.1 billion.
- For 2026, the company expects AFFO of $5.13-$5.23 per share, implying 4.2% year-over-year growth at the midpoint, based on anticipated investment volume of $1.25 billion-$1.75 billion and dispositions of $250 million-$750 million.
- The company maintained a healthy balance sheet with net debt to Adjusted EBITDA at 5.6x and plans to refinance two bonds maturing in 2026 while keeping the weighted average interest rate in the low- to mid-3% range.
- Strategic focus includes expanding in U.S. retail, which accounted for 22% of 2025 deal volume, and leveraging its Carey Tenant Solutions platform with $280 million in construction projects to be delivered over the next 12-18 months.
Quarterly earnings call transcripts for W. P. Carey.
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