W. P. Carey Inc. REIT (WPC) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to WP Carey's fourth quarter and full year 2025 earnings conference call. My name is Diego and I will be your operator today. All lines have been placed on mute to prevent any background noise. Please note that today's event is being recorded. After today's prepared remarks, we will be taking questions via the phone line. Instructions on how to do so will be given at the appropriate time. I will now turn today's program over to Peter Sands, Head of Investor Relations. Mr. Sands, please go ahead. Hello everyone and thank you for joining us today for our 2025 Fourth Quarter Earnings Call. Before we begin, I would like to remind everyone that some of the statements made on this call are not historic facts and may be deemed forward-looking statements. Factors that could cause actual results to differ materially from WP Carey's expectations are provided in our SEC filings. An online replay of this conference call will be made available in the investor relations section of our website at wpcary.com, where it will be archived for approximately one year and where you can also find copies of our investor presentations and other related materials. And with that, let me hand the call over to WP Cary's Chief Executive Officer, Jason Fox. Thanks, Peter. Good afternoon, everyone, and thank you for joining us. 2025 was a standout year for WP Cary. reflecting successful execution across our business, producing strong performance for the year, and laying the foundation for attractive, sustainable growth that supports long-term value creation. The 5.7% AFO growth we generated for the year was among the best in the net lease industry, reflecting our record investment activity, sector-leading rent growth, and strong portfolio performance. The dividends we paid, combine...