W. P. Carey delivered stable Q2 2025 results with AFFO per share growing and net investment activity bolstering revenue. Despite a significant drop in net income due to unrealized losses, the company raised full-year AFFO guidance on the back of robust disposition and investment momentum.
AFFO per diluted share grew to $1.28, up from $1.17 last year
Net income declined to $51.2M, impacted by unrealized mark-to-market losses and FX effects
Revenue rose to $430.8M, driven by lease escalations and investment activity
Raised 2025 AFFO guidance to $4.87–$4.95 per share based on higher investment volume
W. P. Carey raised its 2025 full-year AFFO guidance, citing increased investment volume and improved expectations around tenant credit events.