Exhibit 99.2 W. P. Carey Inc. Supplemental Information Third 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: As of or for the three months ended September 30, 2025. | Financial Results | | | | | | --- | --- | --- | --- | --- | | Revenues, including reimbursable costs – consolidated ( ...

Core Insights - W.P. Carey (WPC) shares have increased by 22.7% year to date, significantly outperforming the industry average of 1% [1] - The company's diverse portfolio of mission-critical, single-tenant net lease commercial properties, along with contractual rent increases and a strong balance sheet, contributes to its positive outlook [1] Dividend Information - W.P. Carey announced a 1.1% increase in its quarterly cash dividend, raising it to 91 cents per share from 90 cents [2] - The new dividend will be paid on October 15 to shareholders recorded as of September 30, 2025 [2] - Analysts have revised the Zacks Consensus Estimate for the company's 2025 FFO per share upward by 3 cents to $4.91 [2] Portfolio and Investment Strategy - W.P. Carey holds one of the largest portfolios of single-tenant net lease commercial real estate in the U.S. and Northern and Western Europe [4] - The company focuses on high-quality, mission-critical assets through sale-leaseback transactions, generating steady revenues with minimal investments [4] - The portfolio is well-diversified across tenants, industries, property types, and geographies, which supports stable revenue generation [5] Financial Performance and Projections - As of June 30, 2025, W.P. Carey's portfolio had a weighted average lease term of 12.1 years, with over 99% of ABR from leases featuring contractual rent increases [5] - The total investment value from the beginning of the year through September 4 reached $1.3 billion, with expected total investments for 2025 between $1.4 billion and $1.8 billion [6] - The company has a total liquidity of $1.7 billion, including approximately $1.3 billion available under its senior unsecured credit facility [8] Balance Sheet and Credit Ratings - W.P. Carey maintains a healthy balance sheet with a pro rata net debt to adjusted EBITDA ratio of 5.8X [8] - The company enjoys investment-grade ratings of BBB+ from S&P Global Ratings and Baa1 from Moody's, facilitating favorable access to the debt market [8]

Core Viewpoint - W.P. Carey is a real estate investment trust (REIT) that offers a high-yielding and steadily growing dividend, making it an attractive option for passive income investors [1][10]. Company Overview - W.P. Carey owns a diversified portfolio of high-quality commercial real estate across North America and Europe, focusing on single-tenant industrial, warehouse, retail, and other properties secured by long-term net leases with built-in rent escalations [3][4]. Financial Performance - The REIT expects to produce adjusted funds from operations (FFO) between $4.87 and $4.95 per share this year, which comfortably covers its current annual dividend of $3.64 per share, resulting in a dividend yield of 5.2% based on a stock price below $70 [4][5]. Growth Drivers - W.P. Carey benefits from built-in rental escalation clauses in 50% of its leases, which are primarily linked to inflation, contributing to a same-store annual base rent growth of 2% to 4% [6]. - The company plans to invest between $1.4 billion and $1.8 billion this year, having already secured $1.3 billion in new investments, mainly in single-tenant industrial properties [7]. - A capital recycling strategy has been employed to fund new investments, with the company selling $875 million in properties and aiming for $900 million to $1.3 billion in total sales this year [8]. Dividend Growth - W.P. Carey has increased its dividend by 4% over the past 12 months, supported by a projected 4.5% rise in adjusted FFO per share this year, indicating confidence in continued dividend increases backed by rent growth and property acquisitions [9].

Core Points - W. P. Carey Inc. will release its financial results for Q3 2025 on October 28, 2025, after market close [1] - A conference call to discuss these results is scheduled for October 29, 2025, at 11:00 a.m. Eastern Time [2][3] Company Overview - W. P. Carey Inc. is one of the largest net lease REITs, with a diversified portfolio of 1,600 net lease properties covering approximately 178 million square feet and 66 self-storage operating properties as of June 30, 2025 [3] - The company focuses on investing 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 [3]

Core Viewpoint - W.P. Carey (WPC) has been upgraded to a Zacks Rank 2 (Buy), indicating an upward trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for W.P. Carey suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly Zacks Rank 1 stocks averaging a +25% annual return since 1988 [7][9]. - W.P. Carey’s upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Recent Earnings Estimate Revisions - For the fiscal year ending December 2025, W.P. Carey is expected to earn $4.88 per share, unchanged from the previous year, but the Zacks Consensus Estimate has increased by 0.5% over the past three months [8].

Core Insights - W. P. Carey (NYSE: WPC) is now trading at a premium compared to its historical peers, a result of its strategic portfolio transformation focusing on industrial and warehouse properties [1] Company Strategy - The company has successfully shifted its investment focus towards industrial and warehouse properties, which are expected to yield better returns [1] Investment Philosophy - The investment group led by Julian emphasizes finding undervalued companies with strong growth potential, focusing on those with robust balance sheets and effective management teams [1]

Core Insights - W. P. Carey (NYSE: WPC) is now trading at a premium compared to its historical peers, a result of its strategic portfolio transformation focusing on industrial and warehouse properties [1] Company Strategy - The company has successfully shifted its investment focus towards industrial and warehouse properties, which has contributed to its premium valuation [1] Analyst Profile - Julian Lin, a financial analyst, specializes in identifying undervalued companies with long-term growth potential, emphasizing strong balance sheets and management teams [1]

Core Points - W. P. Carey Inc. has increased its quarterly cash dividend to $0.910 per share, resulting in an annualized dividend rate of $3.64 per share, payable on October 15, 2025, to stockholders of record as of September 30, 2025 [1] - The company ranks among the largest net lease REITs, with a diversified portfolio of 1,600 net lease properties covering approximately 178 million square feet and 66 self-storage operating properties as of June 30, 2025 [2] - W. P. Carey focuses on investing 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 [2]

Investment Activity - W. P. Carey completed additional investments totaling $250.8 million since the second quarter earnings release, primarily in single-tenant industrial properties in North America and Europe, bringing the year-to-date investment volume to approximately $1.3 billion [2][5] - The company's full-year investment volume guidance is currently set between $1.4 billion and $1.8 billion [2][4] Disposition Activity - The company completed additional dispositions with gross proceeds of $310.0 million since the second quarter earnings release, mainly from self-storage operating properties, resulting in a year-to-date disposition volume of $875.0 million [3][5] - Gross proceeds from self-storage operating properties now total $460.8 million for the year, representing about half of the company's self-storage operating portfolio NOI at the start of 2025 [3][5] Company Overview - W. P. Carey ranks among the largest net lease REITs, with a diversified portfolio of high-quality commercial real estate, including 1,600 net lease properties covering approximately 178 million square feet and 66 self-storage operating properties as of June 30, 2025 [6] - The company focuses 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 [6]

Core Viewpoint - W.P. Carey (WPC) has demonstrated strong performance with a 9% increase in share price over three months, significantly outperforming the industry average of 0.5% [1][9] Company Performance - WPC reported second-quarter 2025 adjusted funds from operations (AFFO) per share of $1.28, exceeding the Zacks Consensus Estimate of $1.23, and reflecting a 9.4% increase from the previous year [3][9] - The company raised its full-year 2025 AFFO per share guidance, indicating positive growth expectations [3][9] Portfolio and Investment Strategy - WPC benefits from a high-quality, diversified portfolio of single-tenant net lease commercial real estate primarily in the U.S. and Northern and Western Europe, focusing on long-term sale-leaseback transactions [2][4] - The portfolio is well-diversified by tenant, industry, property type, and geography, which supports steady revenue generation [6] - More than 99% of annualized base rent comes from leases with contractual rent increases, with 50% linked to the consumer price index, ensuring stable cash flows [6] Capital Management and Growth Opportunities - In Q2 2025, WPC's total investment value reached $548.6 million, with $108.3 million committed to new capital investments scheduled for completion in 2027 [7][9] - The company sold 46 properties for gross proceeds of $364.2 million, reflecting prudent capital management practices [7][10] Financial Health - As of June 30, 2025, WPC had total liquidity of $1.7 billion, including approximately $1.3 billion available under its senior unsecured credit facility, $244.8 million in cash, and $135.2 million held at qualified intermediaries [11] - The company's pro rata net debt to adjusted EBITDA ratio was 5.8X, and it holds investment-grade ratings of BBB+ from S&P Global Ratings and Baa1 from Moody's, facilitating favorable access to the debt market [11]