W. P. Carey hits record $2.1B investment mark in strategic pivot
W. P. Carey (NYSE:WPC) announced a record $2.1 billion in investment volume for the full year 2025, achieved at a weighted-average initial cash capitalization rate of approximately 7.6% and an estimated average yield of 9.2%.
The company completed roughly $625 million in investments during the fourth quarter, highlighted by a $322 million portfolio acquisition involving Life Time Fitness properties.
Full-year dispositions totaled $1.5 billion, including $785 million from self-storage asset sales.
W. P. Carey noted that 11 remaining self-storage properties are under contract or in active marketing and are expected to be sold during the first half of 2026.
Additionally, the company issued 6.3 million shares through its at-the-market (ATM) program under forward sales agreements, generating approximately $423 million in gross proceeds available for future settlement.
Rent loss attributable to tenant credit events remained limited at about $6 million for the full year 2025.
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