W.P. Carey reports Q4 AFFO $1.21, consensus $1.19

Reports Q4 revenue $406.2M, consensus $404.27M. “The Q4 concluded a pivotal year for W. P. Carey during which we successfully exited the office sector, setting the foundation for future growth,” said Jason Fox, CEO. “We finished strongly with record investment volume for the quarter, and we’re well-positioned to capitalize on opportunities in 2025. We can fund our investments this year without needing to access the equity market, achieved through accretive sales of non-core assets – including self-storage operating properties – which should generate a meaningful spread to our net lease investments. Given the uncertainty in the broader market, however, particularly over the direction of interest rates and other macroeconomic factors, our guidance reflects a measured approach, which we hope proves conservative as the year progresses.”