W. P. Carey Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024, on February 11, 2025. For Q4 2024, net income attributable to W. P. Carey was $47.0 million, or $0.21 per diluted share, with Adjusted Funds From Operations (AFFO) at $267.6 million, or $1.21 per diluted share. Total revenues for the quarter were $406.2 million.
For the full year 2024, net income attributable to W. P. Carey was $460.8 million, or $2.09 per diluted share, and AFFO totaled $1,035.9 million, or $4.70 per diluted share. Total revenues for the full year were $1,583.0 million. The company successfully completed its exit from the office sector during 2024, establishing a new foundation for future growth.
W. P. Carey provided its 2025 AFFO guidance in the range of $4.82 to $4.92 per share. The company anticipates investment volume between $1.0 billion and $1.5 billion and disposition volume between $500 million and $1.0 billion for 2025. Management stated that investments for 2025 can be funded without accessing the equity market, primarily through accretive sales of non-core assets, including self-storage operating properties.
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