W. P. Carey Q4 net income rises to $148.3 million; 2026 AFFO guidance $5.13-$5.23
W. P. Carey reported fourth quarter 2025 revenue of $444.5 million, up 9.4% from a year earlier, and diluted earnings per share of $0.67, up from $0.21. The company also issued 2026 AFFO guidance of $5.13 to $5.23 per diluted share, based on expected investment volume of $1.25 billion to $1.75 billion. Net income gains were driven mainly by smaller mark-to-market losses on its Lineage shares and higher gains on property sales.
Key points
- Q4 2025 AFFO per diluted share was $1.27, up 5.0% from $1.21; full-year AFFO per share was $4.97, up 5.7% from $4.70
- Full-year 2025 net income attributable to W. P. Carey was $466.4 million, up 1.2%; investment volume was a record $2.1 billion
- Quarterly dividend raised to $0.920 per share, up 4.5% year over year, paid January 15, 2026
- Company will hold a conference call on February 11, 2026 at 12:00 p.m. Eastern Time
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.