W.P. Carey (WPC) Q2 AFFO Jumps 9.4%
W.P. Carey (NYSE:WPC), a leading diversified net lease real estate investment trust (REIT), reported earnings on July 29, 2025. The company outperformed analyst forecasts with adjusted funds from operations (AFFO, non-GAAP) per share of $1.28, significantly ahead of the consensus non-GAAP EPS estimate of $0.63. Revenue (GAAP) reached $430.8 million, well above the $401.64 million GAAP estimate and up 10.5% year over year. However, net income (GAAP) fell sharply to $0.23 per share, impacted by mark-to-market losses and currency effects. For investors, the period showed strong cash generation and stability in core operations, but earnings volatility from non-cash items was pronounced. Management raised full-year AFFO (non-GAAP) guidance for FY2025, reflecting confidence in its business model.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
W.P. Carey operates as a diversified net lease REIT, owning a broad portfolio of commercial real estate with tenants responsible for property expenses. The company leases its properties to businesses in the U.S. and Europe, featuring a mix of industrial, warehouse, retail, and self-storage assets. As of June 30, 2025, the portfolio included 1,600 properties leased to 370 tenants, with total occupancy at 98.2% and a weighted average lease term of 12.1 years.
Source Fool.com
