W. P. Carey reported a year-to-date investment volume of approximately $1.3 billion, with new investment volume reaching $250.8 million since the second quarter results announcement.
The company also disclosed year-to-date gross disposition proceeds totaling $875.0 million, including $310.0 million of new dispositions since the second quarter results.
The investments primarily focused on single-tenant industrial properties in North America and Europe, while the dispositions included self-storage operating properties.
Investment Volume
Year-to-date investments amount to approximately $1.3 billion, with a full-year guidance range of $1.4 billion to $1.8 billion.
Disposition Proceeds
Year-to-date gross disposition proceeds total $875.0 million, with a guidance range of $900 million to $1.3 billion for the full year.
CEO's Insights
Jason Fox highlighted the company's success in deal sourcing and execution, generating a spread of approximately 150 basis points between dispositions and new investments.
- W. P. Carey's investment strategy focusing on net lease properties reflects resilience and adaptability in the current market conditions.
- The strong performance in investments and dispositions indicates the company's ability to navigate challenges and capitalize on opportunities for growth.
With a robust pipeline and continued strategic execution, W. P. Carey is positioned to potentially exceed its guidance range for the year.