2025 CEO Letter

"As we move through 2026, we do so with confidence, building on the momentum we established in 2025 which laid the foundation for sustainable growth. Supported by a disciplined investment approach, a resilient portfolio and a well‑capitalized balance sheet, W. P. Carey is well positioned to deliver attractive earnings growth and drive long‑term value creation for our shareholders."

- Jason Fox, Chief Executive Officer and President

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Featured Highlights

5.7% AFFO per share growth year over year, reflecting a balance of accretive external investment activity and internal rent growth

$2.1B of investment volume in 2025, deployed into long-duration, net lease assets

2.4% year-over-year contractual same-store rent growth, among the strongest in the net lease sector

3.7% increase in total dividends declared during 2025 compared to 2024, demonstrating our commitment to providing shareholders with consistent and growing income

25% total shareholder return, inclusive of the dividends paid and appreciation of our stock price

A warehouse leased to Fedrigoni that sits in front of a highway, with a packed parking lot and a blue sky

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