CORRECTED-W. P. Carey reports 2025 total gross disposition proceeds of $1.5 bln

Overview

• Net lease REIT achieved record 2025 investment volume of $2.1 bln, focusing on industrial properties

• Disposed $1.5 bln in properties in 2025, including self-storage assets

Outlook

• W. P. Carey plans to sell remaining self-storage properties in first half of 2026

• Company expects $250 to $300 mln of retained cash flow in 2026

• W. P. Carey sees strong pipeline of high-quality opportunities to start 2026

Result Drivers

• RECORD INVESTMENT - W. P. Carey achieved record full-year investment volume of $2.1 bln, mainly in single-tenant warehouse and industrial properties

• DISPOSITION ACTIVITY - Co disposed of $1.5 bln in properties in 2025, including $785 mln of self-storage assets, to fund new investments

• FORWARD EQUITY - Co sold 6.3 mln shares under ATM program, generating $423 mln in gross proceeds, available for settlement

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

• The average consensus recommendation for the diversified reits peer group is "buy."

• Wall Street's median 12-month price target for WP Carey Inc is $69.00, about 7.2% above its January 6 closing price of $64.39

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPn60SMVla

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