WP Carey Inc (WPC)

W. P. Carey Announces Pricing of $350 Million of Senior Unsecured NotesJune 29, 2026 5:23 PM
PR Newswire (US) NEW YORK, June 29, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that it has priced an underwritten public offering of $350 million aggregate principal amount of 5.200% Senior Notes due 2036 (the "Notes"). The Notes were offered at 99.015% of the principal amount.Interest on the Notes will be paid semi-annually on March 15 and September 15 of each year, beginning on March 15, 2027. The offering of the Notes is expected to settle on July 2, 2026, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to repay the $350 million in aggregate principal amount outstanding of its 4.250% Senior Notes due October 2026 and for other general corporate purposes, including to fund potential future investments and to repay certain other indebtedness, including amounts outstanding under its unsecured revolving credit facility.Wells Fargo Securities, LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc. and BBVA Securities Inc. acted as joint book-running managers for the Notes offering.A registration statement relating to the Notes has been filed with the Securities and Exchange Commission (the "SEC") and has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a prospectus supplement and prospectus. Before making an investment in the Notes, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, potential investors may obtain copies, when available, by contacting: Wells Fargo Securities, LLC toll-free at 1-800-645-3751, RBC Capital Markets, LLC toll-free at 1-866-375-6829 or U.S. Bancorp Investments, Inc. toll free at 1-877-558-2607.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.W. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "plan," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties which include, among others, the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises (such as terrorism, military conflict, war or the perception that hostilities may be imminent), political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, as filed with the SEC on April 29, 2026, as well as in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time. Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
212-492-1110
institutionalir @stru be doo-1171
awoodward@wpcarey.com View original content to download multimedia:https://www.prnewswire.com/news-releases/w-p-carey-announces-pricing-of-350-million-of-senior-unsecured-notes-302813751.htmlSOURCE W. P. Carey Inc. Original: W. P. Carey Announces Pricing of $350 Million of Senior Unsecured Notes

W. P. Carey Increases Quarterly Dividend to $0.940 per ShareJune 11, 2026 4:30 PM
PR Newswire (US) NEW YORK, June 11, 2026 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.940 per share, equivalent to an annualized dividend rate of $3.76 per share. The dividend is payable on July 15, 2026 to stockholders of record as of June 30, 2026.W. P. Carey Inc.   W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.comInstitutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.comPress Contact:
Amanda Woodward
1 (212) 492-1171
awoodward@wpcarey.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/w-p-carey-increases-quarterly-dividend-to-0-940-per-share-302798416.htmlSOURCE W. P. Carey Inc. Original: W. P. Carey Increases Quarterly Dividend to $0.940 per Share

W. P. Carey Announces Year-to-Date Investment Volume Totaling $1.1 BillionMay 12, 2026 7:30 AM
PR Newswire (US) Adds $400 Million of Investment Volume Since Announcing First Quarter ResultsNEW YORK, May 12, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced year-to-date investment volume totaling approximately $1.1 billion, including investment volume totaling approximately $400 million completed since the Company reported its first quarter 2026 financial results on April 28, 2026.GardenCore Sale-leasebackOn May 8, 2026, the Company closed the sale-leaseback of a 43-property manufacturing portfolio with newly branded GardenCore (formerly Oldcastle Lawn & Garden), a leading U.S. manufacturer of lawn and garden consumables, offering a broad portfolio of mulch, soil, stone and lime products. GardenCore has deep, long-standing partnerships with major home improvement retailers and garden centers, and delivers consistent, high-quality execution across large-scale private label and branded programs.Located in 24 states across the U.S., the portfolio is triple-net master leased for a term of 20 years with fixed annual rent escalations. It represents the entirety of GardenCore's owned real estate, contributing a significant portion of its overall revenue. Pacific Avenue Capital Partners, a leading private equity firm, recently acquired GardenCore as part of a corporate carve-out from CRH's packaged mulch, soil and stone business.At the time of investment, GardenCore ranked among W. P. Carey's top 10 largest tenants by annualized base rent (ABR).Investment Volume OutlookBased on the investment volume it has completed year-to-date, the capital investments and commitments it has scheduled to deliver over the remainder of 2026, and its investment pipeline, W. P. Carey currently has visibility into investment volume totaling approximately $1.5 billion.W. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.comCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey and can be identified by the use of words such as "may," "will," "should," "would," "will be," "goals," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "maintain" or the negative version of these words and other comparable terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.comPress Contact:
Amanda Woodward
1 (212) 492-1171
awoodward@wpcarey.com  View original content to download multimedia:https://www.prnewswire.com/news-releases/w-p-carey-announces-year-to-date-investment-volume-totaling-1-1-billion-302768818.htmlSOURCE W. P. Carey Inc. Original: W. P. Carey Announces Year-to-Date Investment Volume Totaling $1.1 Billion

W. P. Carey Announces First Quarter 2026 Financial ResultsApril 28, 2026 4:05 PM
PR Newswire (US)

NEW YORK, April 28, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the first quarter ended March 31, 2026.Financial Highlights
2026 First QuarterNet income attributable to W. P. Carey (millions)$176.3Diluted earnings per share$0.80

AFFO (millions)$288.7AFFO per diluted share$1.30Raising 2026 AFFO guidance range to between $5.16 and $5.26 per diluted share, based on higher anticipated full-year investment volume of between $1.5 billion and $2.0 billionFirst quarter cash dividend of $0.930 per share, equivalent to an annualized dividend rate of $3.72 per shareReal Estate Portfolio Investment volume of $682.0 million completed year to date, including $585.3 million during the first quarter and $96.7 million subsequent to quarter endActive capital investments and commitments of $178.8 million scheduled to be completed in the remainder of 2026Gross disposition proceeds of $162.6 million during the first quarter, including $75.2 million from the sale of the Company's 11 remaining self-storage operating propertiesContractual same-store rent growth of 2.4% year over yearBalance Sheet and CapitalizationEquity –
 
Completed an underwritten public offering, selling 6.9 million shares of common stock subject to forward sale agreements, representing total gross proceeds of $496.8 millionSettled a portion of outstanding forward sale agreements for net proceeds totaling $247.1 millionApproximately $653.5 million of equity subject to forward sale agreements remained available for settlement at quarter endDebt –
 
Issued €500 million of 3.250% Senior Unsecured Notes due 2031Issued €500 million of 3.750% Senior Unsecured Notes due 2035Repaid €500 million of 2.250% Senior Unsecured Notes due 2026Amended senior unsecured credit facility, replacing a €215 million term loan with a new CAD$347 million term loan with an all-in rate of 3.1% at quarter end MANAGEMENT COMMENTARY"We've had a strong start to the year, backed by continued investment momentum and successful execution in the capital markets. Combined with the depth of our pipeline and the performance of our portfolio, this has enabled us to raise our full-year outlook for both investment volume and AFFO per share," said Jason Fox, Chief Executive Officer."With substantial liquidity and our 2026 equity needs already addressed, we're confident in our ability to continue deploying capital accretively. And based on the investments we've completed to date, our current pipeline and capital projects delivering this year, we have visibility into well over a billion dollars of investments at cap rates averaging in the mid-sevens. When coupled with our best-in-class rent escalations, we believe the strength and consistency of that growth will drive long-term shareholder value." QUARTERLY FINANCIAL RESULTSRevenuesRevenues, including reimbursable costs, for the 2026 first quarter totaled $454.5 million, up 10.9% from $409.9 million for the 2025 first quarter.Lease revenues increased due primarily to net investment activity and rent escalations.Income from finance leases and loans receivable increased primarily as a result of net investment activity.Operating property revenues decreased due primarily to the sale of the Company's entire self-storage operating portfolio, comprising 63 properties sold during 2025 and 11 properties sold during the 2026 first quarter.Net Income Attributable to W. P. CareyNet income attributable to W. P. Carey for the 2026 first quarter was $176.3 million, up 40.1% from $125.8 million for the 2025 first quarter, due primarily to higher gains from remeasurement of foreign debt, a lower non-cash allowance for credit loss on finance leases, higher gain on sale of real estate and the accretive impact of net investment activity, partly offset by higher impairment charges.Adjusted Funds from Operations (AFFO)AFFO for the 2026 first quarter was $1.30 per diluted share, up 11.1% from $1.17 per diluted share for the 2025 first quarter, primarily reflecting the accretive impact of net investment activity, rent escalations and higher other lease-related income, partly offset by higher interest expense.Note: Further information concerning AFFO, which is a non-GAAP supplemental performance metric, is presented in the accompanying tables and related notes.DividendOn March 12, 2026, the Company reported that its Board of Directors increased its quarterly cash dividend to $0.930 per share, equivalent to an annualized dividend rate of $3.72 per share, representing a 4.5% increase compared to the 2025 first quarter. The dividend was paid on April 15, 2026 to shareholders of record as of March 31, 2026. AFFO GUIDANCEThe Company has raised its guidance range for the 2026 full year, primarily reflecting higher expected investment volume and lower estimated potential rent loss from tenant credit events, and currently expects to report AFFO of between $5.16 and $5.26 per diluted share, based on the following key assumptions:(i)   investment volume of between $1.5 billion and $2.0 billion, which is revised higher;(ii)  disposition volume of between $250 million and $750 million, which is unchanged;(iii) total general and administrative expenses of between $103 million and $106 million, which is unchanged;(iv) property expenses, excluding reimbursable tenant costs, of between $56 million and $60 million, which is unchanged; and(v)  tax expense (on an AFFO basis) of between $45 million and $49 million, which is unchanged.Note: The Company does not provide guidance on net income. The Company only provides guidance on AFFO and does not provide a reconciliation of this forward-looking non-GAAP guidance to net income due to the inherent difficulty in quantifying certain items necessary to provide such reconciliation as a result of their unknown effect, timing and potential significance. Examples of such items include impairments of assets, gains and losses from sales of assets, and depreciation and amortization from new acquisitions. REAL ESTATEInvestmentsYear to date, the Company completed investments totaling $682.0 million, including $585.3 million during the 2026 first quarter and $96.7 million subsequent to quarter end.The Company currently has nine capital investments and commitments totaling $178.8 million scheduled to be completed during 2026. In addition, the Company has two capital investments and commitments totaling $101.5 million scheduled to be completed during 2027.DispositionsDuring the 2026 first quarter, the Company disposed of 19 properties for gross proceeds totaling $162.6 million, including the sale of the Company's 11 remaining self-storage operating properties for gross proceeds totaling $75.2 million.Contractual Same-Store Rent GrowthAs of March 31, 2026, contractual same-store rent growth was 2.4% year over year, on a constant currency basis.CompositionAs of March 31, 2026, the Company's net lease portfolio consisted of 1,703 properties, comprising 185 million square feet leased to 374 tenants, with a weighted-average lease term of 12.1 years and an occupancy rate of 98.1%. In addition, the Company owned four hotel operating properties and one student housing operating property, totaling approximately 0.5 million square feet.  BALANCE SHEET AND CAPITALIZATIONLiquidityAs of March 31, 2026, the Company had total liquidity of $2.8 billion, primarily comprising $1.9 billion of available capacity under its Senior Unsecured Credit Facility (net of amounts reserved for standby letters of credit), in addition to cash and cash equivalents and available net proceeds under unsettled forward equity sale agreements.Forward EquityAs previously announced, on February 17, 2026, the Company sold 6,000,000 shares of common stock subject to forward sale agreements through an underwritten public offering, and on February 24, 2026 sold an additional 900,000 shares of common stock subject to forward sale agreements through the full exercise of the underwriters' option to purchase additional shares, for aggregate gross proceeds totaling $496.8 million.On March 31, 2026, the Company settled a portion of its outstanding forward sale agreements, issuing 3,450,000 shares of common stock for net proceeds totaling $247.1 million.As of March 31, 2026, in combination with shares of common stock sold during 2025 under its ATM program subject to forward sale agreements, the Company had a total of 9,708,496 shares available for settlement under forward sale agreements, representing anticipated net proceeds totaling approximately $653.5 million.Senior Unsecured NotesAs previously announced, on February 24, 2026, the Company completed an underwritten public offering of €1.0 billion in aggregate principal amount of senior unsecured notes, comprising the following tranches:€500 million aggregate principal amount of 3.250% Senior Unsecured Notes due October 2, 2031; and€500 million aggregate principal amount of 3.750% Senior Unsecured Notes due May 10, 2035.
 On March 13, 2026, the Company used a portion of the net proceeds from the offering to repay €500 million of 2.250% Senior Unsecured Notes.Senior Unsecured Credit Facility AmendmentAs previously announced, on March 11, 2026, the Company amended its senior unsecured credit facility, replacing the €215 million term loan that it repaid in February with a new CAD$347 million term loan of an equivalent notional amount and under the same terms, duration and extension options. Proceeds were used primarily to finance new investment activity in Canada and it has a floating interest rate of Term CORRA + 80 basis points, for an all-in rate of approximately 3.1% as of March 31, 2026.The amendment also improved the Company's revolver pricing grid by 5 basis points across all levels. *     *     *     *     * Supplemental InformationThe Company has provided supplemental unaudited financial and operating information regarding the 2026 first quarter and certain prior quarters, including a description of non-GAAP financial measures and reconciliations to GAAP measures, in a Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on April 28, 2026, and made available on the Company's website at ir.wpcarey.com/investor-relations. *     *     *     *     * Live Conference Call and Audio Webcast Scheduled for Wednesday, April 29, 2026 at 11:00 a.m. Eastern Time
Please dial in at least 10 minutes prior to the start time.Date/Time: Wednesday, April 29, 2026 at 11:00 a.m. Eastern Time
Call-in Number: 1 (877) 465-1289 (U.S.) or +1 (201) 689-8762 (international)Live Audio Webcast and Replay: www.wpcarey.com/earnings  *     *     *     *     * W. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.com  *     *     *     *     * Cautionary Statement Concerning Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey and can be identified by the use of words such as "may," "will," "should," "would," "will be," "goals," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements made by Mr. Jason Fox regarding W. P. Carey's ability to deploy capital, its current pipeline, its visibility into investment volume and cap rates, and statements about long-term shareholder value. These statements are based on the current expectations of our management, and it is important to note that our actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.com Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.com Press Contact:
Anna McGrath
1 (212) 492-1166
amcgrath@wpcarey.com  *     *     *     *     * W. P. CAREY INC.Consolidated Balance Sheets (Unaudited)(in thousands, except share and per share amounts)

March 31, 2026
December 31, 2025Assets


Investments in real estate:


Land, buildings and improvements — net lease and other$         14,624,466
$         14,451,306Land, buildings and improvements — operating properties228,074
286,079Net investments in finance leases and loans receivable1,199,048
1,171,886In-place lease intangible assets and other2,467,240
2,466,199Above-market rent intangible assets658,128
668,707Investments in real estate19,176,956
19,044,177Accumulated depreciation and amortization (a)(3,573,321)
(3,578,330)Assets held for sale, net10,536
3,327Net investments in real estate15,614,171
15,469,174Equity method investments309,337
310,178Cash and cash equivalents239,266
155,329Other assets, net1,053,277
1,068,480Goodwill983,970
987,071Total assets$         18,200,021
$         17,990,232



Liabilities and Equity


Debt:


Senior unsecured notes, net$          7,415,872
$          6,950,261Unsecured term loans, net1,174,835
1,196,366Unsecured revolving credit facility61,968
435,417Non-recourse mortgages, net101,074
140,646Debt, net8,753,749
8,722,690Accounts payable, accrued expenses and other liabilities624,424
670,038Below-market rent and other intangible liabilities, net98,329
104,055Deferred income taxes151,742
151,820Dividends payable211,084
207,487Total liabilities9,839,328
9,856,090



Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued—
—Common stock, $0.001 par value, 450,000,000 shares authorized; 222,738,368 and 219,145,876 shares, respectively, issued and outstanding223
219Additional paid-in capital12,059,559
11,830,737Distributions in excess of accumulated earnings(3,574,363)
(3,539,592)Deferred compensation obligation100,549
80,239Accumulated other comprehensive loss(241,286)
(253,346)Total stockholders' equity8,344,682
8,118,257Noncontrolling interests16,011
15,885Total equity8,360,693
8,134,142Total liabilities and equity$         18,200,021
$         17,990,232________(a) Includes $2.1 billion of accumulated depreciation on buildings and improvements as of both March 31, 2026 and December 31, 2025, and $1.5 billion of accumulated amortization on lease intangibles as of both March 31, 2026 and December 31, 2025.  W. P. CAREY INC.Quarterly Consolidated Statements of Income (Unaudited)(in thousands, except share and per share amounts)

Three Months Ended
March 31, 2026
December 31, 2025
March 31, 2025Revenues




Real Estate:




Lease revenues$            402,831
$            389,154
$            353,768Income from finance leases and loans receivable27,686
26,716
17,458Operating property revenues12,050
18,379
33,094Other lease-related income10,452
8,137
3,121
453,019
442,386
407,441Investment Management:




Other advisory income and reimbursements1,000
1,076
1,067Asset management revenue490
1,085
1,350
1,490
2,161
2,417
454,509
444,547
409,858Operating Expenses




Depreciation and amortization136,183
145,339
129,607Impairment charges — real estate40,008
39,690
6,854General and administrative27,348
25,899
26,967Reimbursable tenant costs19,692
19,371
17,092Property expenses, excluding reimbursable tenant costs14,552
13,859
11,706Operating property expenses8,694
11,863
16,544Stock-based compensation expense7,441
8,650
9,148Merger and other expenses1,180
478
556
255,098
265,149
218,474Other Income and Expenses




Interest expense(78,460)
(75,431)
(68,804)Gain on sale of real estate, net54,141
52,791
43,777Other gains and (losses) (a)6,791
(10,131)
(42,197)Non-operating income (b)4,704
2,516
7,910Earnings from equity method investments4,543
4,109
5,378
(8,281)
(26,146)
(53,936)Income before income taxes191,130
153,252
137,448(Provision for) benefit from income taxes(14,634)
1,310
(11,632)Net Income176,496
154,562
125,816Net (income) loss attributable to noncontrolling interests(194)
(6,243)
8Net Income Attributable to W. P. Carey$            176,302
$            148,319
$            125,824





Basic Earnings Per Share$                0.80
$                0.67
$                0.57Diluted Earnings Per Share$                0.80
$                0.67
$                0.57Weighted-Average Shares Outstanding




Basic220,620,496
220,469,827
220,401,156Diluted221,618,296
221,169,776
220,720,310





Dividends Declared Per Share$              0.930
$              0.920
$              0.890__________(a) Amount for the three months ended March 31, 2026 primarily comprises net gains on foreign currency exchange rate movements of $15.5 million, a mark-to-market unrealized loss for our investment in shares of Lineage of $10.3 million and non-cash unrealized gains on non-hedging derivatives of $2.2 million.(b) Amount for the three months ended March 31, 2026 comprises a dividend of $2.9 million from our investment in shares of Lineage, interest income on deposits of $2.0 million and realized losses on foreign currency exchange derivatives of $0.2 million.  W. P. CAREY INC.Quarterly Reconciliation of Net Income to Adjusted Funds from Operations (AFFO) (Unaudited)(in thousands, except share and per share amounts)

Three Months Ended
March 31, 2026
December 31, 2025
March 31, 2025Net income attributable to W. P. Carey$            176,302
$            148,319
$            125,824Adjustments:




Depreciation and amortization of real property135,480
144,641
128,937Gain on sale of real estate, net(54,141)
(52,791)
(43,777)Impairment charges — real estate40,008
39,690
6,854Proportionate share of adjustments to earnings from equity method investments (a)2,263
2,255
1,643Proportionate share of adjustments for noncontrolling interests (b)(25)
5,958
(78)Total adjustments123,585
139,753
93,579FFO (as defined by NAREIT) Attributable to W. P. Carey (c)299,887
288,072
219,403Adjustments:




Straight-line and other leasing and financing adjustments(24,178)
(20,758)
(19,033)Stock-based compensation7,441
8,650
9,148Other (gains) and losses (d)(6,791)
10,131
42,197Amortization of deferred financing costs5,139
4,888
4,782Tax expense (benefit) – deferred and other2,727
(11,708)
(782)Above- and below-market rent intangible lease amortization, net2,498
941
1,123Merger and other expenses1,180
478
556Other amortization and non-cash items593
589
560Proportionate share of adjustments to earnings from equity method investments (a)213
(43)
(86)Proportionate share of adjustments for noncontrolling interests (b)(52)
(116)
(48)Total adjustments(11,230)
(6,948)
38,417AFFO Attributable to W. P. Carey (c)$            288,657
$            281,124
$            257,820





Summary




FFO (as defined by NAREIT) attributable to W. P. Carey (c)$            299,887
$            288,072
$            219,403FFO (as defined by NAREIT) attributable to W. P. Carey per diluted share (c)$                1.35
$                1.30
$                0.99AFFO attributable to W. P. Carey (c)$            288,657
$            281,124
$            257,820AFFO attributable to W. P. Carey per diluted share (c)$                1.30
$                1.27
$                1.17Diluted weighted-average shares outstanding221,618,296
221,169,776
220,720,310__________(a) Equity income, including amounts that are not typically recognized for FFO and AFFO, is recognized within Earnings from equity method investments on the consolidated statements of income. This represents adjustments to equity income to reflect FFO and AFFO on a pro rata basis.(b) Adjustments disclosed elsewhere in this reconciliation are on a consolidated basis. This adjustment reflects our FFO or AFFO on a pro rata basis.(c) FFO and AFFO are non-GAAP measures. See below for a description of FFO and AFFO.(d) Amount for the three months ended March 31, 2026 primarily comprises net gains on foreign currency exchange rate movements of $15.5 million, a mark-to-market unrealized loss for our investment in shares of Lineage of $10.3 million, and non-cash unrealized gains on non-hedging derivatives of $2.2 million. Non-GAAP Financial DisclosureFunds from Operations (FFO) and Adjusted Funds from Operations (AFFO)Due to certain unique operating characteristics of real estate companies, as discussed below, the National Association of Real Estate Investment Trusts (NAREIT), an industry trade group, has promulgated a non-GAAP measure known as FFO, which we believe to be an appropriate supplemental measure, when used in addition to and in conjunction with results presented in accordance with GAAP, to reflect the operating performance of a REIT. The use of FFO is recommended by the REIT industry as a supplemental non-GAAP measure. FFO is not equivalent to, nor a substitute for, net income or loss as determined under GAAP.We define FFO, a non-GAAP measure, consistent with the standards established by the White Paper on FFO approved by the Board of Governors of NAREIT, as restated in December 2018. The White Paper defines FFO as net income or loss computed in accordance with GAAP, excluding gains or losses from the sale of certain real estate, impairment charges on real estate or other assets incidental to the company's main business, gains or losses on changes in control of interests in real estate and depreciation and amortization from real estate assets; and after adjustments for unconsolidated partnerships and jointly owned investments. Adjustments for unconsolidated partnerships and jointly owned investments are calculated to reflect FFO on the same basis.We also modify the NAREIT computation of FFO to adjust GAAP net income for certain non-cash charges, such as amortization of real estate-related intangibles, deferred income tax benefits and expenses, straight-line rent and related reserves, other non-cash rent adjustments, non-cash allowance for credit losses on loans receivable and finance leases, stock-based compensation, non-cash environmental accretion expense, amortization of discounts and premiums on debt and amortization of deferred financing costs. Our assessment of our operations is focused on long-term sustainability and not on such non-cash items, which may cause short-term fluctuations in net income but have no impact on cash flows. Additionally, we exclude non-core income and expenses, such as gains or losses from extinguishment of debt, gains or losses on the mark-to-market fair value of equity securities, merger and acquisition expenses, spin-off expenses, and income and expenses associated with our captive insurance company. We also exclude realized and unrealized gains/losses on foreign currency exchange rate movements (other than those realized on the settlement of foreign currency derivatives), which are not considered fundamental attributes of our business plan and do not affect our overall long-term operating performance. We refer to our modified definition of FFO as AFFO. We exclude these items from GAAP net income to arrive at AFFO because they are not the primary drivers in our decision-making process and excluding these items provides investors with a view of our portfolio performance over time and makes it more comparable to other REITs. AFFO also reflects adjustments for unconsolidated partnerships and jointly owned investments. We use AFFO as one measure of our operating performance when we formulate corporate goals, evaluate the effectiveness of our strategies and determine executive compensation.We believe that AFFO is a useful supplemental measure for investors to consider because we believe it will help them better assess the sustainability of our operating performance without the potentially distorting impact of these short-term fluctuations. However, there are limits on the usefulness of AFFO to investors. For example, impairment charges and unrealized foreign currency exchange rate losses that we exclude may become actual realized losses upon the ultimate disposition of the properties in the form of lower cash proceeds or other considerations. We use our FFO and AFFO measures as supplemental financial measures of operating performance. We do not use our FFO and AFFO measures as, nor should they be considered to be, alternatives to net income computed under GAAP, alternatives to net cash provided by operating activities computed under GAAP, or indicators of our ability to fund our cash needs. 





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Original: W. P. Carey Announces First Quarter 2026 Financial Results

W. P. Carey to Release First Quarter 2026 Financial Results on Tuesday, April 28, 2026April 7, 2026 7:30 AM
PR Newswire (US)

Conference Call Scheduled for Wednesday, April 29, 2026 at 11:00 a.m. Eastern TimeNEW YORK, April 7, 2026 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT, announced today that it will release its financial results for the first quarter ended March 31, 2026 after the market closes on Tuesday, April 28, 2026.The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, April 29, 2026 at 11:00 a.m. Eastern Time, details of which are provided below.Live Conference Call and Audio WebcastDate/Time: Wednesday, April 29, 2026 at 11:00 a.m. Eastern Time
Call-in Number:  1 (877) 465-1289 (U.S.) or +1 (201) 689-8762 (international)
Please dial in at least 10 minutes prior to the start time.
Live Audio Webcast and Replay: www.wpcarey.com/earningsW. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,682 net lease properties covering approximately 183 million square feet as of December 31, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.comInstitutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.comPress Contact: 
Anna McGrath
1 (212) 492-1166 
amcgrath@wpcarey.com 





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Original: W. P. Carey to Release First Quarter 2026 Financial Results on Tuesday, April 28, 2026

W. P. Carey Provides Business UpdateMarch 31, 2026 7:30 AM
PR Newswire (US)

Completes First Quarter Investment Volume of $580 MillionAmends Credit Agreement Establishing Canadian-Dollar-Denominated Term LoanNEW YORK, March 31, 2026 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today provided the following business update.InvestmentsDuring the 2026 first quarter, W. P. Carey completed investment volume totaling approximately $580 million. Single-tenant warehouse and industrial properties comprised approximately 60% of first quarter investment volume, while retail properties comprised 40%. From a geographic perspective, approximately 45% of first quarter investment volume was located in Europe and 35% in Canada, with the balance in the U.S.First quarter investments included the approximately $210 million sale-leaseback of a portfolio of 14 high-quality auto dealerships in Western Canada, concentrated in the Greater Vancouver area with additional locations in Edmonton, Calgary and Winnipeg. The dealerships have strong site-level coverage and are net leased to Go Auto, an established market leader and the second largest automotive dealership group in Canada. At the time of investment, Go Auto ranked as W. P Carey's 22nd largest tenant by ABR.In addition, W. P. Carey currently has capital investments and commitments totaling approximately $170 million scheduled to be completed during the remainder of 2026.Credit Agreement Amendment and Canadian-Dollar-Denominated Term LoanOn March 11, 2026, W. P. Carey amended its credit agreement, replacing the €215 million term loan it repaid in February with a new CAD$347 million term loan (the "CAD Term Loan") of an equivalent notional amount and under the same terms, duration and extension options. The CAD Term Loan was primarily used to finance the Company's recent Go Auto investment in Canada and has a floating interest rate of Term CORRA + 80 basis points, for an all-in rate of approximately 3.1% as of March 30.The amendment also improved the Company's revolver pricing grid by 5 basis points at all levels.Jason Fox, Chief Executive Officer, W. P. Carey, commented: "We entered the year with significant momentum, supported by a robust pipeline and a well-capitalized balance sheet, which has been further strengthened by our recent capital markets activity. Given the deals we've closed to date, capital projects scheduled to deliver in 2026 and current strength of our pipeline, I'm pleased to say we're tracking well ahead of our initial target investment pace for the year. This, in combination with ample liquidity — including capital we've already locked in at attractive pricing — and compelling rent growth, sees us well positioned to deliver another year of highly attractive AFFO growth."W. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,682 net lease properties covering approximately 183 million square feet as of December 31, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.comCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey and can be identified by the use of words such as "may," "will," "should," "would," "will be," "goals," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements made by Mr. Jason Fox regarding capital projects, investment pipeline and expectations for future AFFO growth. These statements are based on the current expectations of our management, and it is important to note that our actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir @CAVA12
amcgrath@wpcarey.com





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Original: W. P. Carey Provides Business Update

W. P. Carey Releases 2025 CEO LetterMarch 17, 2026 7:30 AM
PR Newswire (US)

Successful Execution in 2025 Lays the Foundation for Sustainable Long-term GrowthNEW YORK, March 17, 2026 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced the release of its 2025 CEO Letter to shareholders. The letter can be viewed and downloaded from W. P. Carey's website at www.wpcarey.com/ceo-letter.







Highlights include:­Exceptional total shareholder return, driven by AFFO per share growth: Strong execution across the company translated into meaningful financial results. For the year, W. P. Carey generated approximately 5.7% growth in AFFO per share—among the highest in the net lease sector—while delivering an attractive dividend yield averaging over 5%. Through the combination of the appreciation of the company's stock price and the dividends it paid, shareholders earned a total return of 25% for the year, placing W. P. Carey in the top tier of publicly traded REITs.Record investment volume:­ W. P. Carey meaningfully accelerated investment activity, completing a record $2.1 billion of investments at a compelling average spread relative to the pricing the company achieved on its sales of noncore assets, as well as to its overall cost of capital.Sector-leading internal growth: W. P. Carey achieved contractual same-store rent growth of approximately 2.4% year over year, among the best in the net lease sector.Balance sheet strength and capital flexibility: W. P. Carey remained committed to maintaining a strong, conservative balance sheet with access to multiple forms of capital. In 2025, the company's funding strategy was uniquely driven by accretive dispositions, primarily of noncore operating assets. During the second half of the year, the company began to proactively get ahead of its 2026 equity capital needs through forward equity sales.Launch of Carey Tenant Solutions:­ In early 2026, W. P. Carey introduced its Carey Tenant Solutions platform, formalizing its long-standing approach to sourcing opportunities from existing tenants. Through the platform, W. P. Carey partners with tenants to support their evolving real estate needs through follow-on investments—including build-to-suits, expansions, redevelopments and energy solutions, such as solar installations.Jason Fox, Chief Executive Officer and President, W. P. Carey, said: "As we move through 2026, we do so with confidence, building on the momentum we established in 2025 which laid the foundation for sustainable growth. Supported by a disciplined investment approach, a resilient portfolio and a well-capitalized balance sheet, W. P. Carey is well positioned to deliver attractive earnings growth and drive long-term value creation for our shareholders."W. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,682 net lease properties covering approximately 183 million square feet as of December 31, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.comThis press release may contain forward-looking statements within the meaning of U.S. Federal securities laws. The comments of Mr. Fox are examples of forward-looking statements. A number of factors could cause W. P. Carey's actual results, performance or achievement to differ materially from those anticipated. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the Securities and Exchange Commission (SEC), could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Supplemental InformationFor further information concerning AFFO, which is a non-GAAP supplemental performance metric, including descriptions of non-GAAP financial measures and reconciliations to GAAP measures, please see our Current Report on Form 8-K filed with the SEC on February 10, 2026, and made available on the Company's website at ir.wpcarey.com/investor-relations.Institutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir @CAVA12
amcgrath@wpcarey.com 










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Original: W. P. Carey Releases 2025 CEO Letter

W. P. Carey Increases Quarterly Dividend to $0.930 per ShareMarch 12, 2026 4:30 PM
PR Newswire (US)

NEW YORK, March 12, 2026 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.930 per share, equivalent to an annualized dividend rate of $3.72 per share. The dividend is payable on April 15, 2026 to stockholders of record as of March 31, 2026.W. P. Carey Inc. W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,682 net lease properties covering approximately 183 million square feet as of December 31, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.comInstitutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir @CAVA12
amcgrath@wpcarey.com





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Original: W. P. Carey Increases Quarterly Dividend to $0.930 per Share

W. P. Carey Announces Full Exercise of Underwriters' Option to Purchase Additional SharesFebruary 25, 2026 7:30 AM
PR Newswire (US)

NEW YORK, Feb. 25, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that the underwriters of its previously closed and announced underwritten public offering of an aggregate of 6,000,000 shares of common stock, offered on a forward basis, have exercised in full their option to purchase an additional 900,000 shares of the Company's common stock. The exercise of the option closed on February 24, 2026. After giving effect to the exercise of the option, gross proceeds from the offering total $496.8 million.The Company intends to use the net proceeds, if any, received upon the settlement of the forward sale agreements (and from the sale of any shares of its common stock that it may sell to the underwriters in lieu of the forward purchasers (or their respective affiliates) selling shares of its common stock to the underwriters) to fund potential future investments, to repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.BofA Securities and J.P. Morgan acted as joint book-running managers for the offering.A registration statement relating to these securities has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a prospectus supplement and related base prospectus. Before making an investment in these securities, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission (the "SEC") website at www.sec.gov. Alternatively, potential investors may contact any underwriter or dealer participating in the offering, who will arrange to send them these documents: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, by email: dg.prospectus_requests@bofa.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.W. P. Carey Inc.W. P. Carey Inc. is an internally-managed, diversified REIT and a leading owner of commercial real estate, net leased to companies located primarily in the United States and Europe on a long-term basis. The vast majority of the Company's revenues originate from lease revenue provided by its real estate portfolio, which is comprised primarily of single-tenant industrial, warehouse, and retail facilities that are critical to its tenants' operations and represent the vast majority of the Company's recent investments.Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project,"  "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "plan,"  "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties which include, among others, the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time.  Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.comPress Contact:
Anna McGrath
W. P. Carey Inc.
212-492-1166
amcgrath@wpcarey.com





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Original: W. P. Carey Announces Full Exercise of Underwriters' Option to Purchase Additional Shares

W. P. Carey Announces Closing of Public Offering of Common StockFebruary 19, 2026 4:05 PM
PR Newswire (US)

NEW YORK, Feb. 19, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today the closing of its previously announced underwritten public offering of an aggregate of 6,000,000 shares of the Company's common stock, offered on a forward basis in connection with the forward sale agreements described below. The gross proceeds from the offering are $432 million. The underwriters of the offering were granted a 30-day option to purchase up to an additional 900,000 shares of the Company's common stock.The Company intends to use the net proceeds, if any, received upon the settlement of the forward sale agreements (and from the sale of any shares of its common stock that it may sell to the underwriters in lieu of the forward purchasers (or their respective affiliates) selling shares of its common stock to the underwriters) to fund potential future investments, to repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.BofA Securities and J.P. Morgan acted as joint book-running managers for the offering.In connection with the offering of shares of its common stock, the Company entered into forward sale agreements with Bank of America, N.A. and JPMorgan Chase Bank, National Association (or their respective affiliates), referred to in such capacities as the forward purchasers. In connection with such forward sale agreements, the forward purchasers (or their respective affiliates) are borrowing from third parties and selling to the underwriters an aggregate of 6,000,000 shares of the Company's common stock (or 6,900,000 shares if the underwriters' option is exercised in full).Pursuant to the terms of the forward sale agreements, and subject to its right to elect cash or net share settlement, the Company is obligated to issue and deliver, upon physical settlement of such forward sale agreements on one or more dates specified by the Company occurring no later than approximately 24 months from the date of the prospectus supplement relating to the offering, the number of shares of the Company's common stock underlying the forward sale agreements in exchange for a cash payment per share equal to the forward sale price under the forward sale agreements. The Company expects to physically settle the forward sale agreements and receive proceeds, subject to certain adjustments, from the sale of its shares of common stock upon one or more such physical settlements within approximately 24 months from the date of the prospectus supplement relating to the offering.A registration statement relating to these securities has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a prospectus supplement and related base prospectus. Before making an investment in these securities, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission (the "SEC") website at www.sec.gov. Alternatively, potential investors may contact any underwriter or dealer participating in the offering, who will arrange to send them these documents: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, by email: dg.prospectus_requests@bofa.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.W. P. Carey Inc.W. P. Carey Inc. is an internally-managed, diversified REIT and a leading owner of commercial real estate, net leased to companies located primarily in the United States and Europe on a long-term basis. The vast majority of the Company's revenues originate from lease revenue provided by its real estate portfolio, which is comprised primarily of single-tenant industrial, warehouse, and retail facilities that are critical to its tenants' operations and represent the vast majority of the Company's recent investments.Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project,"  "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "plan,"  "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties which include, among others, risks associated with the offering of common stock, including whether such offering of common stock will be successful and on what terms it may be completed; the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time.  Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.comPress Contact:
Anna McGrath
W. P. Carey Inc.
212-492-1166
amcgrath@wpcarey.com 





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Original: W. P. Carey Announces Closing of Public Offering of Common Stock

W. P. Carey Announces Pricing of Public Offering of Common StockFebruary 17, 2026 8:20 PM
PR Newswire (US)

NEW YORK, Feb. 17, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today the pricing of an underwritten public offering of an aggregate of 6,000,000 shares of the Company's common stock, offered on a forward basis in connection with the forward sale agreements described below, for gross proceeds of $432 million. The underwriters of the offering have been granted a 30-day option to purchase up to an additional 900,000 shares of the Company's common stock.The Company intends to use the net proceeds, if any, received upon the settlement of the forward sale agreements (and from the sale of any shares of its common stock that it may sell to the underwriters in lieu of the forward purchasers (or their respective affiliates) selling shares of its common stock to the underwriters) to fund potential future investments, to repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.BofA Securities and J.P. Morgan acted as joint book-running managers for the offering.In connection with the offering of shares of its common stock, the Company entered into forward sale agreements with Bank of America, N.A. and JPMorgan Chase Bank, National Association (or their respective affiliates), referred to in such capacities as the forward purchasers. In connection with such forward sale agreements, the forward purchasers (or their respective affiliates) are expected to borrow from third parties and to sell to the underwriters an aggregate of 6,000,000 shares of the Company's common stock (or 6,900,000 shares if the underwriters' option is exercised in full).Pursuant to the terms of the forward sale agreements, and subject to its right to elect cash or net share settlement, the Company is obligated to issue and deliver, upon physical settlement of such forward sale agreements on one or more dates specified by the Company occurring no later than approximately 24 months from the date of the prospectus supplement relating to the offering, the number of shares of the Company's common stock underlying the forward sale agreements in exchange for a cash payment per share equal to the forward sale price under the forward sale agreements. The Company expects to physically settle the forward sale agreements and receive proceeds, subject to certain adjustments, from the sale of its shares of common stock upon one or more such physical settlements within approximately 24 months from the date of the prospectus supplement relating to the offering.A registration statement relating to these securities has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a prospectus supplement and related base prospectus. Before making an investment in these securities, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the Securities and Exchange Commission (the "SEC") website at www.sec.gov. Alternatively, potential investors may contact any underwriter or dealer participating in the offering, who will arrange to send them these documents: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, by email: dg.prospectus_requests@bofa.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.W. P. Carey Inc.W. P. Carey Inc. is an internally-managed, diversified REIT and a leading owner of commercial real estate, net leased to companies located primarily in the United States and Europe on a long-term basis. The vast majority of the Company's revenues originate from lease revenue provided by its real estate portfolio, which is comprised primarily of single-tenant industrial, warehouse, and retail facilities that are critical to its tenants' operations and represent the vast majority of the Company's recent investments.Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "plan," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties which include, among others, risks associated with the offering of common stock, including whether such offering of common stock will be successful and on what terms it may be completed; the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time. Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.comPress Contact:
Anna McGrath
W. P. Carey Inc.
212-492-1166
amcgrath@wpcarey.com 





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Original: W. P. Carey Announces Pricing of Public Offering of Common Stock

W. P. Carey Announces Public Offering of Common StockFebruary 17, 2026 4:05 PM
PR Newswire (US)

NEW YORK, Feb. 17, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today the commencement of an underwritten public offering of an aggregate of 6,000,000 shares of the Company's common stock, offered on a forward basis in connection with the forward sale agreements described below. The underwriters of the offering have been granted a 30-day option to purchase up to an additional 900,000 shares of the Company's common stock.The Company intends to use the net proceeds, if any, received upon the settlement of the forward sale agreements (and from the sale of any shares of its common stock that it may sell to the underwriters in lieu of the forward purchasers (or their respective affiliates) selling shares of its common stock to the underwriters) to fund potential future investments, to repay certain indebtedness (including amounts outstanding under its unsecured revolving credit facility), and for general corporate purposes.BofA Securities and J.P. Morgan will act as joint book-running managers for the offering. The underwriters may offer the shares of the Company's common stock from time to time for sale in one or more transactions on the NYSE, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.In connection with the offering of shares of its common stock, the Company expects to enter into forward sale agreements with Bank of America, N.A. and JPMorgan Chase Bank, National Association (or their respective affiliates), referred to in such capacities as the forward purchasers. In connection with such forward sale agreements, the forward purchasers (or their respective affiliates) are expected to borrow from third parties and to sell to the underwriters an aggregate of 6,000,000 shares of the Company's common stock (or 6,900,000 shares if the underwriters' option is exercised in full).Pursuant to the terms of the forward sale agreements, and subject to its right to elect cash or net share settlement, the Company is obligated to issue and deliver, upon physical settlement of such forward sale agreements on one or more dates specified by the Company occurring no later than approximately 24 months from the date of the prospectus supplement relating to the offering, the number of shares of the Company's common stock underlying the forward sale agreements in exchange for a cash payment per share equal to the forward sale price under the forward sale agreements. The Company expects to physically settle the forward sale agreements and receive proceeds, subject to certain adjustments, from the sale of its shares of common stock upon one or more such physical settlements within approximately 24 months from the date of the prospectus supplement relating to the offering.A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the "SEC") and has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a preliminary prospectus supplement and related base prospectus. Before making an investment in these securities, potential investors should read the preliminary prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, potential investors may contact any underwriter or dealer participating in the offering, who will arrange to send them these documents: BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, by email: dg.prospectus_requests@bofa.com; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of these securities will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.W. P. Carey Inc.W. P. Carey Inc. is an internally-managed, diversified REIT and a leading owner of commercial real estate, net leased to companies located primarily in the United States and Europe on a long-term basis. The vast majority of the Company's revenues originate from lease revenue provided by its real estate portfolio, which is comprised primarily of single-tenant industrial, warehouse, and retail facilities that are critical to its tenants' operations and represent the vast majority of the Company's recent investments.Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "plan," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, which include, among others, risks associated with the offering of common stock, including whether such offering of common stock will be successful and on what terms it may be completed; the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time. Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.com Press Contact:
Anna McGrath
W. P. Carey Inc.
212-492-1166
amcgrath@wpcarey.com  





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Original: W. P. Carey Announces Public Offering of Common Stock

W. P. Carey Inc. Announces Pricing of €1.0 Billion of Senior Unsecured NotesFebruary 12, 2026 5:19 PM
PR Newswire (US)

NEW YORK, Feb. 12, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that it has priced an underwritten public offering of €1.0 billion in aggregate principal amount of senior unsecured notes (the "Notes") with a weighted-average coupon of 3.500% and a weighted-average term of 7.4 years, comprising the following tranches:€500 million aggregate principal amount of 3.250% Senior Notes due 2031 (the "2031 Notes"), offered at 99.249% of the principal amount; and€500 million aggregate principal amount of 3.750% Senior Notes due 2035 (the "2035 Notes"), offered at 98.500% of the principal amount.Application has been made for the Notes to be admitted to the Official List of the Irish Stock Exchange plc, trading as Euronext Dublin, and admitted to trading on the Global Exchange Market of Euronext Dublin; any listing is subject to approval by Euronext Dublin.Interest on the 2031 Notes will be paid annually on October 2 of each year, beginning on October 2, 2026. Interest on the 2035 Notes will be paid annually on May 10 of each year, beginning on May 10, 2026. The offering of the Notes is expected to settle on February 24, 2026, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to repay all of the €500 million in aggregate principal amount outstanding of its 2.250% Senior Notes due April 2026 and for general corporate purposes, including to fund potential future investments and to repay certain other indebtedness, including amounts outstanding under its unsecured revolving credit facility and its unsecured term loan.J.P. Morgan Securities plc, Barclays Bank PLC, BNP PARIBAS, and Wells Fargo Securities International Limited acted as joint book-running managers for the Notes offering.A registration statement relating to the Notes has been filed with the Securities and Exchange Commission (the "SEC") and has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a prospectus supplement and prospectus. Before making an investment in the Notes, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, potential investors may obtain copies, when available, by contacting: J.P. Morgan Securities plc at +44-20 7134-2468 (Non-US investors), J.P. Morgan Securities LLC collect at 1-212-834-4533 (US Investors), Barclays Bank PLC toll-free at +1-866-603-5847, BNP PARIBAS toll-free at +1-800-854-5674, or Wells Fargo Securities International Limited toll-free at +1-800-645-3751.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.This press release is not being distributed to, and must not be passed on to, the general public in the United Kingdom. This press release is for distribution only to persons who have professional experience in matters relating to investments and who fall within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order")), (ii) fall within Article 49(2)(a) to (d) of the Financial Promotion Order, (iii) are outside the United Kingdom, or (iv) are other persons to whom it may otherwise lawfully be communicated or distributed under the Financial Promotion Order (all such persons together being referred to as "relevant persons"). This press release is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons.W. P. Carey Inc.W. P. Carey Inc. is an internally-managed, diversified REIT and a leading owner of commercial real estate, net leased to companies located primarily in the United States and Europe on a long-term basis. The vast majority of the Company's revenues originate from lease revenue provided by its real estate portfolio, which is comprised primarily of single-tenant industrial, warehouse, and retail facilities that are critical to its tenants' operations and represent the large majority of the Company's recent investments.Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project," "expect," "anticipate," "intend," "estimate" "opportunities," "possibility," "strategy," "plan," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time. Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands 
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.comPress Contact:
Anna McGrath
W. P. Carey Inc.
212-492-1166
amcgrath@wpcarey.com 





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Original: W. P. Carey Inc. Announces Pricing of €1.0 Billion of Senior Unsecured Notes

W. P. Carey Announces Fourth Quarter and Full Year 2025 Financial ResultsFebruary 10, 2026 4:05 PM
PR Newswire (US)

NEW YORK, Feb. 10, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the fourth quarter and full year ended December 31, 2025.Financial Highlights
2025
Fourth Quarter
Full YearNet income attributable to W. P. Carey (millions)$148.3
$466.4Diluted earnings per share$0.67
$2.11



AFFO (millions)$281.1
$1,098.2AFFO per diluted share$1.27
$4.972026 AFFO guidance range of between $5.13 and $5.23 per diluted share announced, based on anticipated full-year investment volume of between $1.25 billion and $1.75 billion
   Fourth quarter cash dividend of $0.920 per share, equivalent to an annualized dividend rate of $3.68 per share, up 4.5% year over yearReal Estate Portfolio Record annual investment volume of $2.1 billion for 2025, including $625.1 million completed during the fourth quarter
   Year-to-date investment volume of $312.4 million
   Active capital investments and commitments of $238.3 million scheduled to be completed in 2026, including three projects totaling $50.0 million completed year to date
  Gross disposition proceeds of $1.5 billion for 2025, including $507.0 million completed during the fourth quarter
   Year-to-date gross disposition proceeds of $60.2 million
  Contractual same-store rent growth of 2.4% year over yearBalance Sheet and Capitalization$422.6 million of equity sold under the Company's ATM program subject to forward sale agreements during 2025, all of which currently remains available for settlement MANAGEMENT COMMENTARY"2025 was a year of meaningful progress for W.?P.?Carey, as execution of our business model translated into strong performance and laid the foundation for attractive, sustainable growth," said Jason Fox, Chief Executive Officer."The momentum we built throughout the year has carried into 2026. Healthy year-to-date investment volume and an active pipeline are supported by our ability to draw on multiple sources of accretive equity capital — with the vast majority of our anticipated 2026 equity needs already accounted for. Furthermore, we expect to maintain an internal growth rate that's among the best in the net lease sector, contributing a meaningful proportion of our overall AFFO growth."At the midpoint, our initial AFFO guidance implies growth in the low-to-mid 4% range, even as we maintain a conservative stance toward both investment volume and potential credit-related rent loss." QUARTERLY FINANCIAL RESULTSRevenuesRevenues, including reimbursable costs, for the 2025 fourth quarter totaled $444.5 million, up 9.4% from $406.2 million for the 2024 fourth quarter.
   
Lease revenues increased primarily due to net investment activity and rent escalations.
   Income from finance leases and loans receivable increased primarily as a result of net investment activity.
   Operating property revenues decreased primarily due to the sale of 63 self-storage operating properties and a student housing operating property, as well as the conversion of four self-storage operating properties to net leases during 2025.Net Income Attributable to W. P. CareyNet income attributable to W. P. Carey for the 2025 fourth quarter was $148.3 million, up 215.5% from $47.0 million for the 2024 fourth quarter, due primarily to lower mark-to-market losses recognized on the Company's shares of Lineage, a higher gain on sale of real estate and the accretive impact of net investment activity, partly offset by lower gains from remeasurement of foreign debt.Adjusted Funds from Operations (AFFO)AFFO for the 2025 fourth quarter was $1.27 per diluted share, up 5.0% from $1.21 per diluted share for the 2024 fourth quarter, primarily reflecting the accretive impact of net investment activity and rent escalations, partly offset by outstanding rents collected during the 2024 fourth quarter in connection with a disposition during that period.Note: Further information concerning AFFO, which is a non-GAAP supplemental performance metric, is presented in the accompanying tables and related notes.DividendOn December 15, 2025, the Company reported that its Board of Directors increased its quarterly cash dividend to $0.920 per share, equivalent to an annualized dividend rate of $3.68 per share, representing a 4.5% increase compared to the 2024 fourth quarter. The dividend was paid on January 15, 2026 to shareholders of record as of December 31, 2025. FULL YEAR FINANCIAL RESULTSRevenuesRevenues, including reimbursable costs, for the 2025 full year totaled $1.72 billion, up 8.9% from $1.58 billion for the 2024 full year. Lease revenues increased primarily due to net investment activity and rent escalations.
   Income from finance leases and loans receivable increased primarily as a result of investment activity, partly offset by the disposition of the U-Haul portfolio during the 2024 first quarter.
   Operating property revenues decreased primarily due to the sale of 63 self-storage operating properties and a student housing operating property during 2025, as well as the conversion of three self-storage operating properties to net leases during 2024 and four during 2025.Net Income Attributable to W. P. CareyNet income attributable to W. P. Carey for the 2025 full year totaled $466.4 million, up 1.2% from $460.8 million for the 2024 full year, due primarily to a higher gain on sale of real estate, lower mark-to-market losses recognized on the Company's shares of Lineage and the accretive impact of net investment activity, partly offset by higher losses from remeasurement of foreign debt, a gain on change in control of interests recognized in connection with the Company's acquisition of a third-party joint venture partner's interest in nine self-storage operating properties during 2024 and higher impairment charges.AFFOAFFO for the 2025 full year was $4.97 per diluted share, up 5.7% from $4.70 per diluted share for the 2024 full year, primarily reflecting the accretive impact of net investment activity and rent escalations.Note: Further information concerning AFFO, which is a non-GAAP supplemental performance metric, is presented in the accompanying tables and related notes.DividendDividends declared during 2025 totaled $3.620 per share, an increase of 3.7% compared to total dividends declared during 2024 of $3.490 per share. AFFO GUIDANCEFor the 2026 full year, the Company expects to report AFFO of between $5.13 and $5.23 per diluted share, based on the following key assumptions:(i)   investment volume of between $1.25 billion and $1.75 billion;(ii)   disposition volume of between $250 million and $750 million;(iii)  total general and administrative expenses of between $103 million and $106 million;(iv)  property expenses, excluding reimbursable tenant costs, of between $56 million and $60 million; and(v)  tax expense (on an AFFO basis) of between $45 million and $49 million.Note: The Company does not provide guidance on net income. The Company only provides guidance on AFFO and does not provide a reconciliation of this forward-looking non-GAAP guidance to net income due to the inherent difficulty in quantifying certain items necessary to provide such reconciliation as a result of their unknown effect, timing and potential significance. Examples of such items include impairments of assets, gains and losses from sales of assets, and depreciation and amortization from new acquisitions. REAL ESTATE PORTFOLIOInvestmentsDuring the 2025 fourth quarter, the company completed investments totaling $625.1 million, bringing total investment volume for the year ended December 31, 2025 to a record $2.1 billion.
   Year to date through February 10, 2026, the Company completed investments totaling $312.4 million, comprising sale-leasebacks and acquisitions totaling $262.4 million and the completion of capital investments and commitments totaling $50.0 million.
   As of December 31, 2025, the Company had 13 capital investments and commitments totaling $238.3 million scheduled to be completed during 2026 (including three projects totaling $50.0 million completed year to date, as noted above). In addition, the Company has two capital investments and commitments totaling $101.5 million scheduled to be completed during 2027.DispositionsDuring the 2025 fourth quarter, the Company disposed of 44 properties for gross proceeds totaling $507.0 million, bringing total dispositions for the year ended December 31, 2025, to 128 properties for gross proceeds totaling $1.5 billion.
   2025 fourth quarter dispositions included the sales of 31 self-storage operating properties for gross proceeds totaling $323.2 million, bringing total sales of self-storage operating properties for the year ended December 31, 2025, to 63 properties for gross proceeds totaling $784.0 million.
   Year to date through February 10, 2026, the company disposed of four properties for gross proceeds totaling $60.2 million.Contractual Same-Store Rent GrowthAs of December 31, 2025, contractual same-store rent growth was 2.4% year over year, on a constant currency basis.Rent Loss from Tenant Credit EventsFor the 2025 full year, the Company experienced rent loss from tenant credit events totaling $6.4 million.CompositionAs of December 31, 2025, the Company's net lease portfolio consisted of 1,682 properties, comprising 183 million square feet leased to 371 tenants, with a weighted-average lease term of 12.0 years and an occupancy rate of 98.0%. In addition, the Company owned 11 self-storage operating properties, four hotel operating properties and one student housing operating property, totaling approximately 1.3 million square feet. BALANCE SHEET AND CAPITALIZATIONLiquidityAs of December 31, 2025, the Company had total liquidity of $2.2 billion, primarily comprising $1.6 billion of available capacity under its Senior Unsecured Credit Facility (net of amounts reserved for standby letters of credit), in addition to cash and cash equivalents, cash held at qualified intermediaries and available net proceeds under unsettled forward equity sale agreements.Forward EquityDuring 2025, the Company sold 6,258,496 shares of common stock under its ATM program subject to forward sale agreements, at a weighted-average gross price of $67.53 per share, representing total gross proceeds of approximately $422.6 million, all of which currently remains available for settlement.
   Sales of common stock subject to forward sale agreements in 2025 included 3,501,126 shares sold during the fourth quarter at a weighted-average gross price of $67.23 per share, representing total gross proceeds of approximately $235.4 million. *     *     *     *     * Supplemental InformationThe Company has provided supplemental unaudited financial and operating information regarding the 2025 fourth quarter and certain prior quarters, including a description of non-GAAP financial measures and reconciliations to GAAP measures, in a Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on February 10, 2026, and made available on the Company's website at ir.wpcarey.com/investor-relations. *     *     *     *     * Live Conference Call and Audio Webcast Scheduled for Wednesday, February 11, 2026 at 12:00 p.m. Eastern Time
Please dial in at least 10 minutes prior to the start time.Date/Time: Wednesday, February 11, 2026 at 12:00 p.m. Eastern Time
Call-in Number: 1 (877) 465-1289 (U.S.) or +1 (201) 689-8762 (international)Live Audio Webcast and Replay: www.wpcarey.com/earnings  *     *     *     *     * W. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,682 net lease properties covering approximately 183 million square feet as of December 31, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.com *     *     *     *     * Cautionary Statement Concerning Forward-Looking StatementsCertain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey and can be identified by the use of words such as "may," "will," "should," "would," "will be," "goals," "believe," "project," "expect," "anticipate," "intend," "estimate" "opportunities," "possibility," "strategy," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements made by Mr. Jason Fox regarding investment pipeline, access to capital, internal growth and expectations for future AFFO growth. These statements are based on the current expectations of our management, and it is important to note that our actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.Institutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.com Press Contact:
Anna McGrath
1 (212) 492-1166
amcgrath@wpcarey.com  *     *     *     *     * W. P. CAREY INC.Consolidated Balance Sheets(in thousands, except share and per share amounts)

December 31,
2025
2024Assets


Investments in real estate:


Land, buildings and improvements — net lease and other$              14,451,306
$              12,842,869Land, buildings and improvements — operating properties286,079
1,198,676Net investments in finance leases and loans receivable1,171,886
798,259In-place lease intangible assets and other2,466,199
2,297,572Above-market rent intangible assets668,707
665,495Investments in real estate19,044,177
17,802,871Accumulated depreciation and amortization (a)(3,578,330)
(3,222,396)Assets held for sale, net3,327
—Net investments in real estate15,469,174
14,580,475Equity method investments310,178
301,115Cash and cash equivalents155,329
640,373Other assets, net1,068,480
1,045,218Goodwill987,071
967,843Total assets$              17,990,232
$              17,535,024



Liabilities and Equity


Debt:


Senior unsecured notes, net$                6,950,261
$                6,505,907Unsecured term loans, net1,196,366
1,075,826Unsecured revolving credit facility435,417
55,448Non-recourse mortgages, net140,646
401,821Debt, net8,722,690
8,039,002Accounts payable, accrued expenses and other liabilities670,038
596,994Below-market rent and other intangible liabilities, net104,055
119,831Deferred income taxes151,820
147,461Dividends payable207,487
197,612Total liabilities9,856,090
9,100,900



Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued—
—Common stock, $0.001 par value, 450,000,000 shares authorized; 219,145,876 and 218,848,844
   shares, respectively, issued and outstanding219
219Additional paid-in capital11,830,737
11,805,179Distributions in excess of accumulated earnings(3,539,592)
(3,203,974)Deferred compensation obligation80,239
78,503Accumulated other comprehensive loss(253,346)
(250,232)Total stockholders' equity8,118,257
8,429,695Noncontrolling interests15,885
4,429Total equity8,134,142
8,434,124   Total liabilities and equity$              17,990,232
$              17,535,024________(a) Includes $2.1 billion and $1.8 billion of accumulated depreciation on buildings and improvements as of December 31, 2025 and 2024, respectively, and $1.5 billion and $1.4 billion of accumulated amortization on lease intangibles as of December 31, 2025 and 2024, respectively.  W. P. CAREY INC.Quarterly Consolidated Statements of Income(in thousands, except share and per share amounts)

Three Months Ended
December 31, 2025
September 30, 2025
December 31, 2024Revenues




Real Estate:




  Lease revenues$                   389,154
$                   372,087
$                   351,394  Income from finance leases and loans receivable26,716
26,498
16,796  Operating property revenues18,379
26,771
34,132  Other lease-related income8,137
3,660
1,329
442,386
429,016
403,651Investment Management:




  Asset management revenue1,085
1,218
1,461  Other advisory income and reimbursements1,076
1,069
1,053
2,161
2,287
2,514
444,547
431,303
406,165Operating Expenses




Depreciation and amortization145,339
125,586
115,770Impairment charges — real estate39,690
19,474
27,843General and administrative25,899
23,656
24,254Reimbursable tenant costs19,371
14,562
15,661Property expenses, excluding reimbursable tenant costs13,859
14,637
12,580Operating property expenses11,863
15,049
16,586Stock-based compensation expense8,650
11,153
9,667Merger and other expenses478
1,021
(484)
265,149
225,138
221,877Other Income and Expenses




Interest expense(75,431)
(75,226)
(70,883)Gain on sale of real estate, net52,791
44,401
4,480Other gains and (losses) (a)(10,131)
(31,011)
(77,224)Earnings from equity method investments4,109
2,361
302Non-operating income (b)2,516
3,030
13,847
(26,146)
(56,445)
(129,478)Income before income taxes153,252
149,720
54,810Benefit from (provision for) income taxes1,310
(8,495)
(7,772)Net Income154,562
141,225
47,038Net income attributable to noncontrolling interests (c)(6,243)
(229)
(15)Net Income Attributable to W. P. Carey$                  148,319
$                  140,996
$                    47,023





Basic Earnings Per Share$                        0.67
$                        0.64
$                        0.21Diluted Earnings Per Share$                        0.67
$                        0.64
$                        0.21Weighted-Average Shares Outstanding




Basic220,469,827
220,562,909
220,223,239Diluted221,169,776
221,087,833
220,577,900





Dividends Declared Per Share$                      0.920
$                      0.910
$                      0.880__________(a) Amount for the three months ended December 31, 2025 is primarily comprised of a mark-to-market unrealized loss for our investment in shares of Lineage of $11.7 million and non-cash unrealized gains on non-hedging derivatives of $1.1 million.(b) Amount for the three months ended December 31, 2025 is comprised of a dividend of $2.8 million from our investment in shares of Lineage, interest income on deposits of $1.0 million and realized losses on foreign currency exchange derivatives of $1.3 million.(c) Amount for the three months ended December 31, 2025 includes a noncontrolling interest's $6.0 million share of a gain on sale of real estate.  W. P. CAREY INC.Full Year Consolidated Statements of Income(in thousands, except share and per share amounts)

Years Ended December 31,
2025
2024Revenues


Real Estate:


  Lease revenues$               1,479,204
$               1,331,788  Income from finance leases and loans receivable90,948
73,262  Operating property revenues112,531
146,813  Other lease-related income24,561
20,334
1,707,244
1,572,197Investment Management:


  Asset management and other revenue4,957
6,597  Other advisory income and reimbursements4,284
4,224
9,241
10,821
1,716,485
1,583,018Operating Expenses


Depreciation and amortization521,127
487,724General and administrative100,672
98,969Impairment charges — real estate70,367
43,595Reimbursable tenant costs68,743
55,975Operating property expenses60,177
70,866Property expenses, excluding reimbursable tenant costs53,825
49,677Stock-based compensation expense39,894
40,894Merger and other expenses2,247
4,457
917,052
852,157Other Income and Expenses


Interest expense(291,256)
(277,367)Other gains and (losses)(232,107)
(137,988)Gain on sale of real estate, net193,793
74,822Earnings from equity method investments18,009
17,926Non-operating income16,951
52,236Gain on change in control of interests—
31,849
(294,610)
(238,522)Income before income taxes504,823
492,339Provision for income taxes(31,908)
(31,709)Net Income472,915
460,630Net (income) loss attributable to noncontrolling interests(6,556)
209Net Income Attributable to W. P. Carey$                  466,359
$                  460,839



Basic Earnings Per Share$                        2.11
$                        2.09Diluted Earnings Per Share$                        2.11
$                        2.09Weighted-Average Shares Outstanding


Basic220,501,239
220,168,325Diluted221,112,343
220,520,457



Dividends Declared Per Share$                      3.620
$                      3.490  W. P. CAREY INC.Quarterly Reconciliation of Net Income to Adjusted Funds from Operations (AFFO) (Unaudited)(in thousands, except share and per share amounts)


Three Months Ended
December 31, 2025
September 30, 2025
December 31, 2024Net income attributable to W. P. Carey$                   148,319
$                   140,996
$                    47,023Adjustments:




  Depreciation and amortization of real property144,641
124,906
115,107  Gain on sale of real estate, net(52,791)
(44,401)
(4,480)  Impairment charges — real estate39,690
19,474
27,843  Proportionate share of adjustments to earnings from equity method investments (a)2,255
2,271
2,879  Proportionate share of adjustments for noncontrolling interests (b) (c)5,958
(82)
(79)  Total adjustments139,753
102,168
141,270FFO (as defined by NAREIT) Attributable to W. P. Carey (d)288,072
243,164
188,293Adjustments:




  Straight-line and other leasing and financing adjustments(20,758)
(20,424)
(24,849)  Tax (benefit) expense – deferred and other(11,708)
(1,215)
96  Other (gains) and losses (e)10,131
31,011
77,224  Stock-based compensation8,650
11,153
9,667  Amortization of deferred financing costs4,888
4,874
4,851  Above- and below-market rent intangible lease amortization, net941
4,363
10,047  Other amortization and non-cash items589
587
557  Merger and other expenses478
1,021
(484)  Proportionate share of adjustments to earnings from equity method investments (a)(43)
2,194
2,266  Proportionate share of adjustments for noncontrolling interests (b)(116)
(99)
(62)  Total adjustments(6,948)
33,465
79,313AFFO Attributable to W. P. Carey (d)$                   281,124
$                   276,629
$                   267,606





Summary




FFO (as defined by NAREIT) attributable to W. P. Carey (d)$                   288,072
$                   243,164
$                   188,293FFO (as defined by NAREIT) attributable to W. P. Carey per diluted share (d)$                         1.30
$                         1.10
$                         0.85AFFO attributable to W. P. Carey (d)$                   281,124
$                   276,629
$                   267,606AFFO attributable to W. P. Carey per diluted share (d)$                         1.27
$                         1.25
$                         1.21Diluted weighted-average shares outstanding221,169,776
221,087,833
220,577,900  W. P. CAREY INC.Full-Year Reconciliation of Net Income to Adjusted Funds from Operations (AFFO) (Unaudited)(in thousands, except share and per share amounts)

Years Ended December 31,
2025
2024Net income attributable to W. P. Carey$                   466,359
$                   460,839Adjustments:


  Depreciation and amortization of real property518,414
485,088  Gain on sale of real estate, net(193,793)
(74,822)  Impairment charges — real estate70,367
43,595  Gain on change in control of interests—
(31,849)  Proportionate share of adjustments to earnings from equity method investments (a)8,400
11,871  Proportionate share of adjustments for noncontrolling interests (b)5,716
(379)  Total adjustments409,104
433,504FFO (as defined by NAREIT) Attributable to W. P. Carey (d)875,463
894,343Adjustments:


  Other (gains) and losses232,107
137,988  Straight-line and other leasing and financing adjustments(75,589)
(80,899)  Stock-based compensation39,894
40,894  Amortization of deferred financing costs19,172
18,845  Above- and below-market rent intangible lease amortization, net11,488
26,144  Tax benefit – deferred and other(10,885)
(4,245)  Other amortization and non-cash items2,315
2,303  Merger and other expenses2,247
4,457  Proportionate share of adjustments to earnings from equity method investments (a)2,374
(3,531)  Proportionate share of adjustments for noncontrolling interests (b)(343)
(354)  Total adjustments222,780
141,602AFFO Attributable to W. P. Carey (d)$                1,098,243
$                1,035,945



Summary


FFO (as defined by NAREIT) attributable to W. P. Carey (d)$                   875,463
$                   894,343FFO (as defined by NAREIT) attributable to W. P. Carey per diluted share (d)$                         3.96
$                         4.06AFFO attributable to W. P. Carey (d)$                1,098,243
$                1,035,945AFFO attributable to W. P. Carey per diluted share (d)$                         4.97
$                         4.70Diluted weighted-average shares outstanding221,112,343
220,520,457__________(a) Equity income, including amounts that are not typically recognized for FFO and AFFO, is recognized within Earnings from equity method investments on the consolidated statements of income. This represents adjustments to equity income to reflect FFO and AFFO on a pro rata basis.(b) Adjustments disclosed elsewhere in this reconciliation are on a consolidated basis. This adjustment reflects our FFO or AFFO on a pro rata basis.(c) Amount for the three months ended December 31, 2025 includes a noncontrolling interest's $6.0 million share of a gain on sale of real estate.(d) FFO and AFFO are non-GAAP measures. See below for a description of FFO and AFFO.(e) Amount for the three months ended December 31, 2025 is primarily comprised of a mark-to-market unrealized loss for our investment in shares of Lineage of $11.7 million and non-cash unrealized gains on non-hedging derivatives of $1.1 million. Non-GAAP Financial DisclosureFunds from Operations (FFO) and Adjusted Funds from Operations (AFFO)Due to certain unique operating characteristics of real estate companies, as discussed below, the National Association of Real Estate Investment Trusts (NAREIT), an industry trade group, has promulgated a non-GAAP measure known as FFO, which we believe to be an appropriate supplemental measure, when used in addition to and in conjunction with results presented in accordance with GAAP, to reflect the operating performance of a REIT. The use of FFO is recommended by the REIT industry as a supplemental non-GAAP measure. FFO is not equivalent to, nor a substitute for, net income or loss as determined under GAAP.We define FFO, a non-GAAP measure, consistent with the standards established by the White Paper on FFO approved by the Board of Governors of NAREIT, as restated in December 2018. The White Paper defines FFO as net income or loss computed in accordance with GAAP, excluding gains or losses from the sale of certain real estate, impairment charges on real estate or other assets incidental to the company's main business, gains or losses on changes in control of interests in real estate and depreciation and amortization from real estate assets; and after adjustments for unconsolidated partnerships and jointly owned investments. Adjustments for unconsolidated partnerships and jointly owned investments are calculated to reflect FFO on the same basis.We also modify the NAREIT computation of FFO to adjust GAAP net income for certain non-cash charges, such as amortization of real estate-related intangibles, deferred income tax benefits and expenses, straight-line rent and related reserves, other non-cash rent adjustments, non-cash allowance for credit losses on loans receivable and finance leases, stock-based compensation, non-cash environmental accretion expense, amortization of discounts and premiums on debt and amortization of deferred financing costs. Our assessment of our operations is focused on long-term sustainability and not on such non-cash items, which may cause short-term fluctuations in net income but have no impact on cash flows. Additionally, we exclude non-core income and expenses, such as gains or losses from extinguishment of debt, gains or losses on the mark-to-market fair value of equity securities, merger and acquisition expenses, spin-off expenses, and income and expenses associated with our captive insurance company. We also exclude realized and unrealized gains/losses on foreign currency exchange rate movements (other than those realized on the settlement of foreign currency derivatives), which are not considered fundamental attributes of our business plan and do not affect our overall long-term operating performance. We refer to our modified definition of FFO as AFFO. We exclude these items from GAAP net income to arrive at AFFO because they are not the primary drivers in our decision-making process and excluding these items provides investors with a view of our portfolio performance over time and makes it more comparable to other REITs. AFFO also reflects adjustments for unconsolidated partnerships and jointly owned investments. We use AFFO as one measure of our operating performance when we formulate corporate goals, evaluate the effectiveness of our strategies and determine executive compensation.We believe that AFFO is a useful supplemental measure for investors to consider because we believe it will help them better assess the sustainability of our operating performance without the potentially distorting impact of these short-term fluctuations. However, there are limits on the usefulness of AFFO to investors. For example, impairment charges and unrealized foreign currency exchange rate losses that we exclude may become actual realized losses upon the ultimate disposition of the properties in the form of lower cash proceeds or other considerations. We use our FFO and AFFO measures as supplemental financial measures of operating performance. We do not use our FFO and AFFO measures as, nor should they be considered to be, alternatives to net income computed under GAAP, alternatives to net cash provided by operating activities computed under GAAP, or indicators of our ability to fund our cash needs. 





View original content to download multimedia:https://www.prnewswire.com/news-releases/w-p-carey-announces-fourth-quarter-and-full-year-2025-financial-results-302684254.htmlSOURCE W. P. Carey Inc.

Original: W. P. Carey Announces Fourth Quarter and Full Year 2025 Financial Results

W. P. Carey Announces Tax Treatment of 2025 DividendsJanuary 27, 2026 12:30 PM
PR Newswire (US)

NEW YORK, Jan. 27, 2026 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) announced the income tax treatment of dividends reported on Form 1099-DIV for 2025. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of W. P. Carey dividends.CUSIP 92936U109FORM 1099-DIVBox 1aBox 2aBox 3Box 1bBox 2bBox 2fBox 5

Record
DatePayment
DateDistribution
Per ShareOrdinary
DividendsCapital Gain
DistributionsNondividend
DistributionsQualified
Dividends(1)Unrecaptured
Section 1250
Gain(2)Section 897
Capital
Gain(3)Section
199A
Dividends(4)Section
1061 One-
Year
Amounts
Disclosure(5)Section 1061
Three-Year
Amounts
Disclosure(5)12/31/20241/15/2025$0.8800000$0.8297063$0.0502937$0.0000000$0.0001981$0.0502937$0.0000000$0.8295082$0.0000000$0.00000003/31/20254/15/2025$0.8900000$0.8391348$0.0508652$0.0000000$0.0002003$0.0508652$0.0000000$0.8389345$0.0000000$0.00000006/30/20257/15/2025$0.9000000$0.8485633$0.0514367$0.0000000$0.0002026$0.0514367$0.0000000$0.8483607$0.0000000$0.00000009/30/202510/15/2025$0.9100000$0.8579918$0.0520082$0.0000000$0.0002048$0.0520082$0.0000000$0.8577870$0.0000000$0.000000012/31/2025(6)1/15/2026$0.1369044$0.1290801$0.0078243$0.0000000$0.0000308$0.0078243$0.0000000$0.1290493$0.0000000$0.0000000

(1)Qualified Dividends is a subset of, and included in, the Taxable Ordinary Dividends amount.(2)Unrecaptured Section 1250 Gain is a subset of, and included in, the Taxable Capital Gain Distributions amount.(3)Section 897 Capital Gain is a subset of, and included in, the Taxable Capital Gain Distributions amount.(4)Section 199A Dividends is a subset of, and included in, the Taxable Ordinary Dividends amount.(5)For the purposes of Section 1061 of the Internal Revenue Code, the "one-year amounts disclosure" and "three-year amounts disclosure" related to the capital gain distributions reported in box 2a are generally applicable to direct and indirect holders of "applicable partnership interests".(6)A portion of the $0.92 per share dividend paid on 1/15/2026 has been applied to the 2025 tax year. The remainder will be taxed in 2026. Reallocations may not total Distribution Per Share due to rounding.                                                                                                                                                           W. P. Carey Inc.W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,662 net lease properties covering approximately 183 million square feet as of September 30, 2025. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.www.wpcarey.comInstitutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.comIndividual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir @CAVA12
amcgrath@wpcarey.com 





View original content to download multimedia:https://www.prnewswire.com/news-releases/w-p-carey-announces-tax-treatment-of-2025-dividends-302670452.htmlSOURCE W. P. Carey Inc.

Original: W. P. Carey Announces Tax Treatment of 2025 Dividends

Hi B,
WPC is quite near my next "buy" point, but that price does not include the recent news. I think I'll let some dust settle before I put in my next GTC Limit Order to add shares.
The great shake-out from the Covid Shutdown is still occurring. Dr. Fauci is still out there and not being pursued for his involvement in that scandal.

We'll see what happens next.

Best wishes,
OAG

"W. P. Carey: Dividend Gets Whacked"

"W. P. Carey Inc. plans to reposition its portfolio by spinning off some office properties and selling others.
The company believes that getting rid of office properties will improve its organic growth and attract higher valuations from investors.
The strategic repositioning includes a "dividend reset" that will lower the dividend payout, but the dividend yield will still be attractive."

https://seekingalpha.com/article/4636561-w-p-carey-dividend-gets-whacked

WPC cuts dividend and dumps office holdings.

"Getting Rid Of Office Properties
W. P. Carey is a real estate investment trust that invests in triple-net leased properties. These are oftentimes acquired in sale-leaseback transactions and have oftentimes very long lease terms and attractive escalators, in many cases inflation-linked (sometimes with a cap). Long lease terms and locked-in escalators are attractive, and the triple-net lease business model is attractive as well, as the tenant is responsible for higher expenses when it comes to taxes, insurance, and so on. These expenses have been rising due to inflation and other factors, but W. P. Carey was insulated from these headwinds."

https://seekingalpha.com/article/4636561-w-p-carey-dividend-gets-whacked

"Careful Share Inventory Management has added nicely to the total return." No comment on the severe meltdown amid higher inflation?

Interesting changes going on at troubled WPC.

Careful Share Inventory Management has added nicely to the total return in WPC.



W.P. Carey (WPC) has been in my "Sandbox Stocks" portfolio for several years now. It's a contributor to cash flow via a dividend of around 6%/yr. It was also chosen, being a REIT, as a place to have some anti-inflation hedge and some slow growth. In other words, Total Return. The histogram shows how it's gone so far.

It's not a hyper trader, but as you see, it's opportunistically been traded. Generally the method is trading the appropriate way on the appropriate side of the 26 Week Moving Average. It has done an excellent job of managing Cash Reserves through time while picking off trades at nice inflection points. Yesterday was the first time it's added shares since Fall of 2020. Two subsequent sales kept the Cash Reserve near my ceiling target of 20% of investment +cash value. Note that the dividends are NOT included in the displayed cash level. Those levels are just from the trades.

As of this latest trade, there are more shares in this holding than were purchased at the Start (+16% more shares). Cash Reserve (exclusive of dividends) is 50% higher than the start.

Total Return = Price Appreciation over time + Dividend Capture over time + Profitable Volatility Capture over time.

OAG Tom

Inflation is at its highest level in 40 years. The consumer price index (CPI) surged 7.9% over the last 12 months, the biggest spike since 1982. Unfortunately, the inflation rate might not cool off anytime soon, given the persistent supply chain issues and spiking energy prices following Russia's invasion of Ukraine.

This elevated level of inflation is painful as a consumer. However, some companies benefit from inflation, which can boost returns for their investors. Two inflation-fighting stocks to consider are Brookfield Infrastructure ( BIPC 1.77% )( BIP 1.85% ) and W.P. Carey ( WPC 0.09% ). Both offer attractive dividends along with inflation-powered earnings upside.

https://www.fool.com/investing/2022/03/21/2-dividend-stocks-that-can-help-you-fight-inflatio/

Breaking News: $WPC 3 Top Dividend Stocks for a Better Retirement

Retiring changes a lot of things, including the way you invest. You switch from building a nest egg to living off of the egg you've amassed. One of the best ways to do that is with reliable dividend stocks like W.P. Carey (NYSE: WPC) , 3M (NYSE: MMM) , and The Southern Com...

Got this from WPC - 3 Top Dividend Stocks for a Better Retirement

Thanks OAG, I see its had quite a spurt lately. Last summer I considered adding a few top quality REITs but never bought one. Spent an evening back then researching WPC.

WPC has risen nearly 17% from the start of the new year. That helps overall as total return with the dividend is top notch. I consider REITs to be good inflation hedges, too.

Any new thoughts on WPC? I'm looking for a no-gimmick REIT or two to add some non-correlation to my portfolio. I like WPC's long history of sustainable div increases and its durability during the 2008-2009 Great Recession when so many Regulated Investment Companies failed.

This newer histogram shows EWRE, NRO and VNQ along with WPC:



Similar patterns, different amplitudes..........

It would appear that the REITs are starting to break their long bottoming cycle.



It's been a long time since the Williams %R value was above -20. We've just crossed through the 130 Day Moving Average with today's up-tick. Other REITs and REIT ETFs are also moving upward, but others have yet to breach their own eMA's.

There might be some lights on in the Buildings after all:



While not quite back to its 26 week Moving Average, it has started to reverse the flat trend started in February. Two others I follow (VNQ and NRO) are still range bound.

I was able to add 12% to my position in WPC at $59.46 the other day. Yield at that price was around 6.5%.

Another REIT I own is NRO. On Monday I was able to add 12% to that position, too. Even my REIT ETF, VNQ, has been signaling for a buy. I guess this suggests REITs are out of favor for now.

Value Line shows their 1700 stock universe to have a yield of around 1.9% right now (of all stocks paying a dividend). S&P500 yield isn't much better. I don't care if income providers are over-sold and growth stocks are over-bought. I'll put my $$$ where the income is appropriately distributed because I need income. My motto is "Buy from the Scared, Sell to the Greedy."

Something that isn't discussed much about REITs is that there is a secondary benefit of ownership as an inflation hedge. Yes, interest rates are rising, but with the 20 Year Treasury paying 2.88% currently, it doesn't compete with WPC. Plus, those treasuries don't respond to inflation. So, I'm content to add to my position at times like this.

Hi Mike, Re: Ownership of WPC shares..............

I've owned WPC off and on for a couple of decades. Great yield, helps with inflation protection and seems to be a very well managed company.



I own REITs as part of an income portfolio. WPC fits well.

Why doesn't anyone know of this stock?

~ Tuesday! $WPC ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $WPC ~ Earnings expected on Tuesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=WPC&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=WPC&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=WPC
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=WPC#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=WPC+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=WPC
Finviz: http://finviz.com/quote.ashx?t=WPC
~ BusyStock: http://busystock.com/i.php?s=WPC&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=WPC >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

W. P. Carey & Co. LLC (W. P. Carey) provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio. W. P. Carey has two business segments: investment management and real estate ownership. W. P. Carey also earns revenue as the advisor to publicly owned, non-actively traded real estate investment trusts (REITs), which are sponsored by its under the Corporate Property Associates brand name (the CPA REITs) and that invest in similar properties. As of December 31, 2010, it operated as advisor to Corporate Property Associates 14 Incorporated, Corporate Property Associates 15 Incorporated, Corporate Property Associates 16 - Global Incorporated (CPA:16 - Global) and Corporate Property Associates 17 - Global Incorporated (CPA:17 - Global). In May 2011, Energy Transfer Partners, L.P. and Regency Energy Partners acquired LDH Energy Asset Holdings LLC from Louis Dreyfus Highbridge Energy LLC.

http://www.google.com/finance?q=WPC