UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to __________ Commission File Number: 001-13779 W. P. Carey Inc. (Exact name of registrant as specified in its charter) Maryland 45-4549771 (State or other jur ...

W.P. Carey (WPC) reported first-quarter 2025 adjusted funds from operations (AFFO) per share of $1.17, missing the Zacks Consensus Estimate of $1.19. However, the figure improved 2.6% from the year-ago quarter.Results reflect dispositions impacting revenues, though net investment activity and certain lease structuring aided the performance to some extent.Quarterly revenues of $407.4 million underperformed the Zacks Consensus Estimate of $418.2 million. However, revenues increased 5.3% year over year.Per Jas ...

W. P. Carey (WPC) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Hello, and welcome to W. P. Carey's First Quarter twenty twenty five Earnings Conference Call. My name is Diego, and I will be your operator today. All lines have been placed on mute to prevent any background noise. Please note that today's event is being recorded. After today's prepared remarks, we will be taking questions via the phone line. Instructions on how to do so will be given at the appropriate time. I will now turn today' ...

W. P. Carey (WPC) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Company Participants Peter Sands - Executive Director & Head of Investor RelationsJason Fox - CEOToni Sanzone - MD & CFOGreg Mcginniss - DirectorSmedes Rose - DirectorBrooks Gordon - MD & Head of Asset ManagementJana Galan - DirectorAnthony Paolone - Executive DirectorSpenser Glimcher - Managing DirectorJames Kammert - Managing DirectorEric Borden - Vice PresidentJason Wayne - VP - Equity Research Conference Call Participants Michael Goldsmi ...

业绩总结 - W. P. Carey的房地产投资组合包含1,614个物业，366个租户，总建筑面积为176.7百万平方英尺[20] - 年度基础租金(ABR)为14亿美元，北美占67%，欧洲占33%[20] - 合同同店增长率为2.4%[40] - 平均租约剩余期限(WALT)为12.3年，整体出租率为98.3%[20] - 历史占用率在全球金融危机和COVID-19疫情期间保持稳定，2025年第一季度占用率为98.6%[47] 用户数据 - 投资级租户占ABR的23.9%，前十大租户集中度为19.2%[20] - 前25大租户的ABR总额为5.06亿美元，平均租约剩余期限为13.7年[26] - 租户行业多样化，62个行业的租户占ABR的23%[32] - 总投资组合中，食品零售占比10.0%，包装食品和肉类占比8.1%[33] 财务状况 - 截至2025年3月31日，总股本为138.20亿美元，净债务为78.33亿美元，企业价值为216.53亿美元[64] - 净债务与调整后EBITDA的比率为5.8倍，净债务占企业价值的36.2%[64] - 公司在2025年3月31日的总杠杆率为39.7%，低于60%的上限[73] - 公司在2025年3月31日的担保债务杠杆率为1.7%，远低于40%的上限[73] - 公司在2025年3月31日的固定费用覆盖率为5.1倍，高于1.5倍的要求[73] - 公司在2025年3月31日的无担保资产价值维护比率为244.8%，超过150%的要求[73] - 截至2025年3月31日，公司发行的高级无担保债券总额为约35亿美元[74] 市场扩张与收购 - 最近的收购包括在波兰的123个便利店，购买价格为3200万美元，租期为20年[52] - 资产管理办公室位于纽约和阿姆斯特丹，专注于资产重组和战略处置[15] 新产品与技术研发 - 公司在其投资组合中拥有600万平方英尺的绿色认证建筑，占总投资组合的33%[79] - 截至2025年3月31日，63%的租户参与了电力使用数据报告[79] 其他信息 - 公司在2024年的自愿员工流失率为5%，显著低于房地产和金融服务行业的同行[78] - 公司在治理方面获得了Institutional Shareholder Services (ISS)的最高质量评分“1”[78]

W.P. Carey (WPC) came out with quarterly funds from operations (FFO) of $1.17 per share, missing the Zacks Consensus Estimate of $1.20 per share. This compares to FFO of $1.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.50%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.19 per share when it actually produced FFO of $1.21, delivering a surprise of 1.68%.Over the last four quarters, ...

Exhibit 99.2 W. P. Carey Inc. Supplemental Information First Quarter 2025 Terms and Definitions As used in this supplemental package, the terms "W. P. Carey," "WPC," "we," "us" and "our" include W. P. Carey Inc., its consolidated subsidiaries and its predecessors, unless otherwise indicated. Other terms and definitions are as follows: | REIT | Real estate investment trust | | --- | --- | | U.S. | United States | | ABR | Contractual minimum annualized base rent | | ASC | Accounting Standards Codification | | ...

If you're concerned about having enough income after you retire, there are lots of options. Buying rental properties is a popular one, but finding tenants and keeping up with maintenance often requires more effort than many retirees have in mind. If dealing with contractors and tenants isn't your idea of a good time, I have great news. Real estate investment trusts, or REITs, are a terrific way for everyday investors to collect rent without owning any buildings themselves. REITs trade like stocks, but these ...

行业基本面 - 2025年第一季度美国公寓市场需求强劲 全国吸收超过138000套市场价公寓单元 2024年后三个季度需求持续旺盛 年吸收量达708000套 [4] - 同期公寓供应量为577000套 需求超过供应 推动入住率微升至95_2% 为2022年10月以来最高水平 [4][5] - 有效租金增长加速 3月环比上涨0_75% 截至2025年3月的12个月涨幅达1_1% 平均有效租金为1848美元 [5] - 工业地产市场表现韧性 第一季度净吸收量2310万平方英尺 与去年同期持平 但空置率环比上升30个基点至7% 为2014年以来最高 [6][7] - 工业租金同比增长4_3% 但全国平均租金维持在10_11美元/平方英尺 与2024年底持平 [7] 细分领域驱动因素 - 医疗地产需求受美国人口老龄化及该群体更高医疗支出推动 市场新增供应有限 形成有利经营环境 [8] - 数据中心地产需求旺盛 源于企业持续整合AI技术及推进数字化转型战略 [8] 重点公司分析 Welltower Inc (WELL) - 持有Zacks Rank 2评级 季度Earnings ESP为+1_69% 过去四季FFO每股平均超预期5_02% [11] - 业务聚焦美加英医疗地产 受益老龄化趋势及高医疗支出 长期租赁协议保障稳定收入 [12] - 一季度营收共识预期23_7亿美元 同比增27_6% FFO每股预期1_15美元 同比增13_9% [12][13] Equinix Inc (EQIX) - 当前Zacks Rank 3评级 Earnings ESP +1_41% 过去四季AFFO每股平均超预期2_43% [13] - 数据中心互联基础设施需求强劲 AI整合及数字化转型推动长期增长 经常性收入模式支撑现金流 [14] - 一季度营收共识预期22_2亿美元 同比增4_18% AFFO每股预期8_96美元 同比增1_13% [15] Equity Residential (EQR) - 持有Zacks Rank 3评级 Earnings ESP +0_75% 过去四季平均超预期0_81% [16] - 战略组合覆盖城乡市场 专注高收入租户群体 财务稳健支持开发计划 [17] - 一季度营收共识预期7_668亿美元 同比增4_93% FFO每股预期0_93美元 [18] W P Carey Inc (WPC) - 当前Zacks Rank 2评级 Earnings ESP +0_56% [18] - 高质量单租户净租赁商业地产组合保障高入住率 长期售后回租交易及组合再平衡策略驱动收入 [20] - 一季度营收共识预期4_182亿美元 同比增7_29% FFO每股预期1_19美元 同比增4_39% [21]

W.P. Carey (WPC) is slated to report first-quarter 2025 results on April 29, after market close. The company’s quarterly results are likely to display a year-over-year increase in revenues and funds from operations (FFO) per share.In the last reported quarter, this industrial real estate investment trust (REIT) posted a core FFO per share of $1.21, beating the Zacks Consensus Estimate of $1.19. Results reflected favorable growth in lease revenues due to net investment activity and rent escalations.Over the ...