W. P. Carey Inc. provided an update on its investment and disposition activity on September 4, 2025, reporting year-to-date investment volume of approximately $1.3 billion. This includes $250.8 million in additional investments completed since its second-quarter earnings release, primarily comprising single-tenant industrial properties in North America and Europe. The company's full-year investment volume guidance currently stands at $1.4 billion to $1.8 billion.
The company also reported year-to-date gross disposition proceeds totaling $875.0 million, with $310.0 million of new dispositions occurring since the second-quarter earnings release. These dispositions primarily involved self-storage operating properties, with sales from this segment totaling $460.8 million year-to-date, representing approximately half of the company's self-storage operating portfolio NOI at the start of 2025. The full-year disposition volume guidance is currently $900 million to $1.3 billion.
CEO Jason Fox noted that the company continues to source and close deals at cap rates, lease terms, and rent escalations consistent with its investment strategy. This activity has generated an approximate 150 basis points spread between the average cap rates on dispositions and new investments. Management sees a path towards the high end of its guidance ranges, with a review of guidance assumptions planned for the third-quarter earnings report.
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