Overview

• Net lease REIT's Q4 revenue rose 9.4% yr/yr, driven by investment activity and rent escalations

• Q4 net income rose 215.5% yr/yr, due to lower mark-to-market losses and real estate gains

• AFFO per share for Q4 increased 5%, reflecting investment activity and rent escalations

Outlook

• Company expects 2026 AFFO per diluted share between $5.13 and $5.23

• WP Carey anticipates 2026 investment volume between $1.25 bln and $1.75 bln

• Company projects disposition volume of $250 mln to $750 mln in 2026

Result Drivers

• RECORD INVESTMENT VOLUME - Co completed $625.1 mln in investments during Q4, contributing to record annual investment volume of $2.1 bln

• RENT ESCALATIONS - Lease revenues increased due to net investment activity and rent escalations

• PROPERTY SALES - Operating property revenues decreased due to sale of 63 self-storage properties and a student housing property

Key Details

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 W.p. Carey Inc is $70.00, about 2.1% below its February 9 closing price of $71.52

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nPn7Kc511a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)