W. P. Carey(US:WPC) Prnewswire·2026-01-07 12:30Core Insights - W. P. Carey Inc. reported a record full-year investment volume of $2.1 billion for 2025, with a weighted-average initial cash cap rate of approximately 7.6% and an estimated average yield of about 9.2% [2][10] - The company disposed of 44 properties in Q4 2025 for gross proceeds of approximately $500 million, contributing to a total of $1.5 billion in dispositions for the full year [5][6] - The company sold 6.3 million shares of common stock under its ATM program, generating total gross proceeds of approximately $423 million [8] Investment Activity - The full-year investment volume of $2.1 billion included approximately 68% in single-tenant warehouse and industrial properties and 22% in retail properties [3] - The geographic distribution of investments showed that about 69% were located in the U.S. and 26% in Europe [3] - In Q4 2025, the company completed investments totaling about $625 million, including a $322 million acquisition of 10 fitness facilities net leased to Life Time Fitness [4] Disposition Activity - The company’s full-year disposition included the sale of 63 self-storage operating properties for gross proceeds of approximately $785 million, with 31 properties sold in Q4 for about $325 million [6] - The disposition activity allowed the company to fund new investments, achieving around 150 basis points of spread to the initial cash cap rates for reinvested proceeds [7] Forward Equity - The company sold 6.3 million shares of common stock at a weighted-average gross price of $67.53 per share, with Q4 sales accounting for 3.5 million shares and approximately $235 million in gross proceeds [8] Portfolio Update - The company experienced a rent loss from tenant credit events totaling about $6 million for the full year, which was better than the previously disclosed assumption of about $10 million [9] - As of year-end 2025, W. P. Carey owned 11 self-storage operating properties, which are anticipated to be sold in the first half of 2026 [6]