WPC Q2 2025: Revenue +10.6 %, EPS $0.23, Dividend $0.90 鈥� Key 10-Q Takeaways

Q: How much did WPC's Q2 2025 revenue grow year over year?

Total revenue increased 10.6 % to $430.8 million from $389.7 million.

Q: What was W. P. Carey's Q2 2025 EPS?

Diluted EPS was $0.23 , down from $0.65 in Q2 2024.

Q: What dividend did WPC declare for Q2 2025?

The board declared a quarterly cash dividend of $0.90 per share , payable July 2025.

Q: What is WPC's portfolio occupancy and lease term?

Occupancy stands at 98.2 % with a weighted-average remaining lease term of 12.1 years .

Q: How much debt does WPC currently have?

Total debt is $8.64 billion , up from $8.04 billion at December 31 2024.

Q: What were the key acquisitions in the first half of 2025?

WPC acquired 81 properties for $543 million , including large industrial portfolios in the US and Europe.

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W. P. Carey (WPC) Q2 2025 10-Q highlights:

Revenue growth: Q2 total revenue rose 10.6 % YoY to $430.8 m; 1H revenue up 7.9 % to $840.6 m.
Earnings pressure: Q2 net income attributable to WPC fell 64 % YoY to $51.2 m (EPS $0.23 vs $0.65) as $148.8 m of 鈥淥ther losses鈥� and higher interest expense offset topline gains. 1H EPS declined to $0.80 (-41 %).
Portfolio expansion: 81 property acquisitions closed YTD for $542.7 m; portfolio now 1,600 net-lease assets (178 m sq ft) plus 72 operating properties. Occupancy 98.2 % with 12.1-year WA lease term.
Dispositions & gains: Sold 17 net-lease assets and 10 self-storage assets; realized $52.8 m Q2 gain on sale ($96.6 m YTD).
Balance sheet: AG真人官方 estate investments up to $15.34 bn (+5.2 % YTD). Debt increased to $8.64 bn (net revolver balance $660.9 m) while cash fell to $244.8 m (-62 % YTD). Net debt/total assets 鈮�48 %.
Capital activity: Drew $1.47 bn on revolver, repaid $865 m; repaid $450 m senior notes; issued no new notes. Declared quarterly dividend of $0.90/sh (annualized $3.60, 7.4 % yield*).
Cash flow: Operating cash flow $677.2 m vs $1.26 bn prior-year period; decline driven by lower realized gains and higher working-capital uses.
Equity: Book value slipped 2.5 % to $8.21 bn; AOCI loss deepened to $-264.8 m on derivative marks & FX.

*Yield based on 7/25/25 close.

W. P. Carey (WPC) evidenze del 10-Q del Q2 2025:

Crescita dei ricavi: nel Q2 i ricavi totali sono aumentati del 10,6% su base annua, raggiungendo 430,8 milioni di dollari; nel primo semestre i ricavi sono cresciuti del 7,9% a 840,6 milioni di dollari.
Pressione sugli utili: l'utile netto attribuibile a WPC nel Q2 猫 calato del 64% su base annua, attestandosi a 51,2 milioni di dollari (EPS 0,23$ contro 0,65$), a causa di 148,8 milioni di dollari di 鈥淎ltre perdite鈥� e maggiori oneri finanziari che hanno compensato i guadagni sul fatturato. L'EPS del primo semestre 猫 sceso a 0,80$ (-41%).
Espansione del portafoglio: chiuse 81 acquisizioni immobiliari da inizio anno per 542,7 milioni di dollari; il portafoglio conta ora 1.600 asset in affitto netto (178 milioni di piedi quadrati) pi霉 72 propriet脿 operative. L鈥檕ccupazione 猫 al 98,2% con una durata media ponderata dei contratti di locazione di 12,1 anni.
Disposizioni e plusvalenze: venduti 17 asset in affitto netto e 10 strutture di self-storage; realizzato un guadagno di 52,8 milioni di dollari nel Q2 dalla vendita (96,6 milioni da inizio anno).
Bilancio: gli investimenti immobiliari sono saliti a 15,34 miliardi di dollari (+5,2% da inizio anno). Il debito 猫 aumentato a 8,64 miliardi di dollari (saldo netto del revolver 660,9 milioni), mentre la liquidit脿猫 scesa a 244,8 milioni (-62% da inizio anno). Il rapporto debito netto/attivit脿 totali 猫 circa il 48%.
Attivit脿 di capitale: prelevati 1,47 miliardi di dollari sul revolver, rimborsati 865 milioni; rimborsati 450 milioni di obbligazioni senior; non sono state emesse nuove obbligazioni. Dichiarato dividendo trimestrale di 0,90$ per azione (3,60$ annualizzato, rendimento del 7,4%*).
Flusso di cassa: flusso di cassa operativo pari a 677,2 milioni di dollari rispetto a 1,26 miliardi nello stesso periodo dell鈥檃nno precedente; il calo 猫 dovuto a minori plusvalenze realizzate e maggiori impieghi di capitale circolante.
Patrimonio netto: il valore contabile 猫 sceso del 2,5% a 8,21 miliardi; la perdita da AOCI si 猫 ampliata a -264,8 milioni per segni derivati e variazioni di cambio.

*Rendimento calcolato al prezzo di chiusura del 25 luglio 2025.

Aspectos destacados del 10-Q del Q2 2025 de W. P. Carey (WPC):

Crecimiento de ingresos: los ingresos totales del Q2 aumentaron un 10,6 % interanual hasta 430,8 millones de d贸lares; los ingresos del primer semestre crecieron un 7,9 % hasta 840,6 millones.
Presi贸n en las ganancias: la utilidad neta atribuible a WPC en el Q2 cay贸 un 64 % interanual a 51,2 millones de d贸lares (EPS 0,23$ frente a 0,65$), debido a 148,8 millones en 鈥淥tras p茅rdidas鈥� y mayores gastos por intereses que contrarrestaron el aumento en ingresos. El EPS del primer semestre baj贸 a 0,80$ (-41%).
Expansi贸n de la cartera: se cerraron 81 adquisiciones de propiedades en lo que va del a帽o por 542,7 millones; la cartera ahora incluye 1,600 activos net-lease (178 millones de pies cuadrados) m谩s 72 propiedades operativas. La ocupaci贸n es del 98,2 % con un plazo promedio ponderado de arrendamiento de 12,1 a帽os.
Disposiciones y ganancias: se vendieron 17 activos net-lease y 10 de self-storage; se realiz贸 una ganancia por venta de 52,8 millones en el Q2 (96,6 millones en lo que va del a帽o).
Balance: las inversiones inmobiliarias aumentaron a 15,34 mil millones (+5,2 % en el a帽o). La deuda subi贸 a 8,64 mil millones (saldo neto de revolver de 660,9 millones), mientras que el efectivo cay贸 a 244,8 millones (-62 % en el a帽o). La deuda neta/activos totales es aproximadamente 48 %.
Actividad de capital: se utiliz贸 1,47 mil millones del revolver, se reembolsaron 865 millones; se pagaron 450 millones en notas senior; no se emitieron nuevas notas. Se declar贸 un dividendo trimestral de 0,90$ por acci贸n (3,60$ anualizado, rendimiento del 7,4 %*).
Flujo de caja: flujo de caja operativo de 677,2 millones frente a 1,26 mil millones en el mismo periodo del a帽o anterior; la ca铆da se debi贸 a menores ganancias realizadas y mayores usos de capital de trabajo.
Patrimonio: el valor en libros baj贸 un 2,5 % a 8,21 mil millones; la p茅rdida en AOCI se profundiz贸 a -264,8 millones por marcas de derivados y FX.

*Rendimiento basado en el cierre del 25/07/25.

W. P. Carey (WPC) 2025雲� 2攵勱赴 10-Q 欤检殧雮挫毄:

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鞛愲掣頇滊彊: 毽臣氩勳棎靹� 14鞏� 7觳滊 雼煬鞚胳稖, 8鞏� 6,500毵� 雼煬靸來櫂; 4鞏� 5觳滊 雼煬靹犾垳鞙� 毂勱秾靸來櫂; 鞁犼窚毂勱秾氚滍枆鞐嗢潓. 攵勱赴氚半嫻旮� 欤茧嫻 0.90雼煬靹犾柛(鞐� 頇橃偘 3.60雼煬, 靾橃澋毳� 7.4%*).
順勱笀頋愲: 鞓侅梾順勱笀頋愲 6鞏� 7,720毵� 雼煬, 鞝勲厔霃欔赴 12鞏� 6觳滊 雼煬雽€牍� 臧愳唽; 臧愳唽鞗愳澑鞚€ 鞁ろ槃鞚挫澋臧愳唽氚� 鞖挫爠鞛愲掣靷毄歃濌皜.
鞛愲掣: 鞛ル秬臧€旃橂姅 82鞏� 1觳滊 雼煬搿� 2.5% 頃橂澖; 韺岇儩靸來拡韽夑皜靻� 氚� 頇橃湪氤€霃欖溂搿� AOCI 靻愳嫟鞚� -2鞏� 6,480毵� 雼煬搿� 鞁檾.

*靾橃澋毳犾潃 2025雲� 7鞗� 25鞚� 膦呹皜旮办.

Points cl茅s du 10-Q du T2 2025 de W. P. Carey (WPC) :

Croissance du chiffre d'affaires : Le chiffre d'affaires total du T2 a augment茅 de 10,6 % en glissement annuel pour atteindre 430,8 M$ ; le chiffre d'affaires du premier semestre a progress茅 de 7,9 % 脿 840,6 M$.
Pression sur les b茅n茅fices : Le r茅sultat net attribuable 脿 WPC au T2 a chut茅 de 64 % en glissement annuel 脿 51,2 M$ (BPA 0,23 $ contre 0,65 $), en raison de 148,8 M$ de 芦聽Autres pertes聽禄 et de charges d鈥檌nt茅r锚ts plus 茅lev茅es compensant les gains de chiffre d'affaires. Le BPA du premier semestre a diminu茅脿 0,80 $ (-41 %).
Expansion du portefeuille : 81 acquisitions immobili猫res cl么tur茅es depuis le d茅but de l鈥檃nn茅e pour 542,7 M$ ; le portefeuille compte d茅sormais 1 600 actifs en location nette (178 millions de pieds carr茅s) plus 72 propri茅t茅s op茅rationnelles. Taux d鈥檕ccupation de 98,2 % avec une dur茅e moyenne pond茅r茅e des baux de 12,1 ans.
Cessions et plus-values : Vente de 17 actifs en location nette et de 10 installations de self-stockage ; plus-value r茅alis茅e de 52,8 M$ au T2 (96,6 M$ depuis le d茅but de l鈥檃nn茅e).
Bilan : Les investissements immobiliers ont augment茅脿 15,34 milliards de dollars (+5,2 % depuis le d茅but de l鈥檃nn茅e). La dette a augment茅脿 8,64 milliards (solde net du revolver 660,9 M$), tandis que la tr茅sorerie a diminu茅脿 244,8 M$ (-62 % depuis le d茅but de l鈥檃nn茅e). Dette nette/total des actifs 鈮� 48 %.
Activit茅 de capital : 1,47 Md$ tir茅s sur le revolver, 865 M$ rembours茅s ; 450 M$ d鈥檕bligations senior rembours茅es ; aucune nouvelle 茅mission d鈥檕bligations. Dividende trimestriel d茅clar茅 de 0,90 $/action (annualis茅 3,60 $, rendement de 7,4 %*).
Flux de tr茅sorerie : Flux de tr茅sorerie op茅rationnel de 677,2 M$ contre 1,26 Md$ sur la m锚me p茅riode l鈥檃n dernier ; baisse due 脿 une moindre r茅alisation de plus-values et 脿 une augmentation du besoin en fonds de roulement.
Capitaux propres : La valeur comptable a diminu茅 de 2,5 % 脿 8,21 milliards ; la perte en OCI cumul茅s non r茅alis茅s s鈥檈st creus茅e 脿 -264,8 M$ en raison des variations de d茅riv茅s et de change.

*Rendement bas茅 sur la cl么ture du 25/07/25.

Positive

Revenue up 10.6 % YoY driven by CPI-linked rent escalations and acquisitions.
Portfolio occupancy 98.2 % with 12.1-year WA lease term provides long-term cash-flow visibility.
$52.8 m Q2 gain on asset sales demonstrates ability to recycle capital above book value.
Continued dividend growth鈥攄eclared $0.90/sh, up from $0.87 last year.

Negative

EPS declined 64 % YoY due to $149 m of other losses and higher interest expense.
Cash balance fell 62 % YTD while debt increased $597 m, weakening liquidity.
Interest expense up 10 % YoY as variable-rate borrowings grow.
Impairment charges and hedge losses contributed to $14.1 m YTD OCI loss, signalling valuation pressure.

Insights

TL;DR: Solid rent growth and high occupancy, but earnings compressed by mark-to-market losses and rising leverage.

Core leasing metrics remain strong: 98 % occupancy, CPI-linked rents, and 12-year WA lease term underpin predictable cash flows. Net-lease revenue climbed 鈮�11 % on acquisitions and contractual bumps. However, $149 m of "Other losses" (likely unrealized hedge/FX marks) plus $72 m interest expense cut EPS to $0.23. Cash balance dropped $396 m YTD as $543 m acquisitions and $391 m dividends outpaced sale proceeds and credit-facility draws, pushing net debt higher and revolver usage to $661 m. Leverage sits near mid-5脳 net-debt/EBITDA鈥攁 manageable level but rising rate exposure bears monitoring. Management continues recycling: $309 m asset sales at attractive cap rates generated $53 m gains. Dividend coverage (payout 鈮�112 % of FFO proxy) looks tight; sustaining hikes will require stabilizing non-cash losses and restoring FFO growth.

TL;DR: Higher debt, shrinking liquidity, and volatility in non-cash items temper otherwise stable real-estate fundamentals.

Debt rose $597 m YTD while cash tumbled, taking quick-ratio below 0.1脳. Variable-rate borrowings (revolver + term loans) now exceed $1.9 bn, exposing WPC to SOFR/EURIBOR moves despite hedges鈥攏ote $32 m OCI hedge losses this quarter. Interest coverage slid to ~3脳. Impairments and OCI swings signal valuation sensitivity, though underlying property NOI is intact. The 7 %+ dividend yield remains attractive but hinges on capital-market access; management鈥檚 ability to term out revolver balances and trim non-core assets will be critical in H2.

W. P. Carey (WPC) evidenze del 10-Q del Q2 2025:

Crescita dei ricavi: nel Q2 i ricavi totali sono aumentati del 10,6% su base annua, raggiungendo 430,8 milioni di dollari; nel primo semestre i ricavi sono cresciuti del 7,9% a 840,6 milioni di dollari.
Pressione sugli utili: l'utile netto attribuibile a WPC nel Q2 猫 calato del 64% su base annua, attestandosi a 51,2 milioni di dollari (EPS 0,23$ contro 0,65$), a causa di 148,8 milioni di dollari di 鈥淎ltre perdite鈥� e maggiori oneri finanziari che hanno compensato i guadagni sul fatturato. L'EPS del primo semestre 猫 sceso a 0,80$ (-41%).
Espansione del portafoglio: chiuse 81 acquisizioni immobiliari da inizio anno per 542,7 milioni di dollari; il portafoglio conta ora 1.600 asset in affitto netto (178 milioni di piedi quadrati) pi霉 72 propriet脿 operative. L鈥檕ccupazione 猫 al 98,2% con una durata media ponderata dei contratti di locazione di 12,1 anni.
Disposizioni e plusvalenze: venduti 17 asset in affitto netto e 10 strutture di self-storage; realizzato un guadagno di 52,8 milioni di dollari nel Q2 dalla vendita (96,6 milioni da inizio anno).
Bilancio: gli investimenti immobiliari sono saliti a 15,34 miliardi di dollari (+5,2% da inizio anno). Il debito 猫 aumentato a 8,64 miliardi di dollari (saldo netto del revolver 660,9 milioni), mentre la liquidit脿猫 scesa a 244,8 milioni (-62% da inizio anno). Il rapporto debito netto/attivit脿 totali 猫 circa il 48%.
Attivit脿 di capitale: prelevati 1,47 miliardi di dollari sul revolver, rimborsati 865 milioni; rimborsati 450 milioni di obbligazioni senior; non sono state emesse nuove obbligazioni. Dichiarato dividendo trimestrale di 0,90$ per azione (3,60$ annualizzato, rendimento del 7,4%*).
Flusso di cassa: flusso di cassa operativo pari a 677,2 milioni di dollari rispetto a 1,26 miliardi nello stesso periodo dell鈥檃nno precedente; il calo 猫 dovuto a minori plusvalenze realizzate e maggiori impieghi di capitale circolante.
Patrimonio netto: il valore contabile 猫 sceso del 2,5% a 8,21 miliardi; la perdita da AOCI si 猫 ampliata a -264,8 milioni per segni derivati e variazioni di cambio.

*Rendimento calcolato al prezzo di chiusura del 25 luglio 2025.

Aspectos destacados del 10-Q del Q2 2025 de W. P. Carey (WPC):

Crecimiento de ingresos: los ingresos totales del Q2 aumentaron un 10,6 % interanual hasta 430,8 millones de d贸lares; los ingresos del primer semestre crecieron un 7,9 % hasta 840,6 millones.
Presi贸n en las ganancias: la utilidad neta atribuible a WPC en el Q2 cay贸 un 64 % interanual a 51,2 millones de d贸lares (EPS 0,23$ frente a 0,65$), debido a 148,8 millones en 鈥淥tras p茅rdidas鈥� y mayores gastos por intereses que contrarrestaron el aumento en ingresos. El EPS del primer semestre baj贸 a 0,80$ (-41%).
Expansi贸n de la cartera: se cerraron 81 adquisiciones de propiedades en lo que va del a帽o por 542,7 millones; la cartera ahora incluye 1,600 activos net-lease (178 millones de pies cuadrados) m谩s 72 propiedades operativas. La ocupaci贸n es del 98,2 % con un plazo promedio ponderado de arrendamiento de 12,1 a帽os.
Disposiciones y ganancias: se vendieron 17 activos net-lease y 10 de self-storage; se realiz贸 una ganancia por venta de 52,8 millones en el Q2 (96,6 millones en lo que va del a帽o).
Balance: las inversiones inmobiliarias aumentaron a 15,34 mil millones (+5,2 % en el a帽o). La deuda subi贸 a 8,64 mil millones (saldo neto de revolver de 660,9 millones), mientras que el efectivo cay贸 a 244,8 millones (-62 % en el a帽o). La deuda neta/activos totales es aproximadamente 48 %.
Actividad de capital: se utiliz贸 1,47 mil millones del revolver, se reembolsaron 865 millones; se pagaron 450 millones en notas senior; no se emitieron nuevas notas. Se declar贸 un dividendo trimestral de 0,90$ por acci贸n (3,60$ anualizado, rendimiento del 7,4 %*).
Flujo de caja: flujo de caja operativo de 677,2 millones frente a 1,26 mil millones en el mismo periodo del a帽o anterior; la ca铆da se debi贸 a menores ganancias realizadas y mayores usos de capital de trabajo.
Patrimonio: el valor en libros baj贸 un 2,5 % a 8,21 mil millones; la p茅rdida en AOCI se profundiz贸 a -264,8 millones por marcas de derivados y FX.

*Rendimiento basado en el cierre del 25/07/25.

W. P. Carey (WPC) 2025雲� 2攵勱赴 10-Q 欤检殧雮挫毄:

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靾橃澋鞎曤皶: 2攵勱赴 WPC 攴€靻� 靾滌澊鞚奠潃 64% 臧愳唽頃� 5,120毵� 雼煬(EPS 0.23雼煬 vs 0.65雼煬), 1鞏� 4,880毵� 雼煬鞚� "旮绊儉靻愳嫟"瓿� 雴掛潃鞚挫瀽牍勳毄鞚� 毵れ稖歃濌皜毳� 靸侅噭頃�. 靸侂皹旮� EPS電� 0.80雼煬搿� 41% 臧愳唽.
韽姼韽措Μ鞓� 頇曥灔: 鞐办磮鞚错泟 81瓯挫潣攵€霃欖偘鞚胳垬鞕勲, 5鞏� 4,270毵� 雼煬攴滊; 韽姼韽措Μ鞓る姅順勳灛 1,600臧滌潣靾滌瀯雽€ 鞛愳偘(1鞏� 7,800毵� 韽夒癌頂柬姼)瓿� 72臧滌潣鞖挫榿攵€霃欖偘鞙茧 甑劚. 鞝愳湢鞙� 98.2%, 臧€欷戫弶攴� 鞛勲寑旮瓣皠 12.1雲�.
觳橂秳氚� 鞚挫澋: 靾滌瀯雽€ 鞛愳偘 17瓯搓臣靺€頂� 鞀ろ啝毽 鞛愳偘 10瓯� 毵り皝; 2攵勱赴毵り皝鞚挫澋 5,280毵� 雼煬(鞐办磮鞚错泟 9,660毵� 雼煬).
鞛靸来儨: 攵€霃欖偘韴瀽鞎§潃 153鞏� 4觳滊 雼煬搿� 鞐办磮雽€牍� 5.2% 歃濌皜. 攵€毂勲姅 86鞏� 4觳滊 雼煬搿� 歃濌皜(靾� 毽臣氩� 鞛旍暋 6鞏� 6,090毵� 雼煬), 順勱笀鞚€ 2鞏� 4,480毵� 雼煬搿� 62% 臧愳唽. 靾滊秬毂�/齑濎瀽靷� 牍勳湪鞎� 48%.
鞛愲掣頇滊彊: 毽臣氩勳棎靹� 14鞏� 7觳滊 雼煬鞚胳稖, 8鞏� 6,500毵� 雼煬靸來櫂; 4鞏� 5觳滊 雼煬靹犾垳鞙� 毂勱秾靸來櫂; 鞁犼窚毂勱秾氚滍枆鞐嗢潓. 攵勱赴氚半嫻旮� 欤茧嫻 0.90雼煬靹犾柛(鞐� 頇橃偘 3.60雼煬, 靾橃澋毳� 7.4%*).
順勱笀頋愲: 鞓侅梾順勱笀頋愲 6鞏� 7,720毵� 雼煬, 鞝勲厔霃欔赴 12鞏� 6觳滊 雼煬雽€牍� 臧愳唽; 臧愳唽鞗愳澑鞚€ 鞁ろ槃鞚挫澋臧愳唽氚� 鞖挫爠鞛愲掣靷毄歃濌皜.
鞛愲掣: 鞛ル秬臧€旃橂姅 82鞏� 1觳滊 雼煬搿� 2.5% 頃橂澖; 韺岇儩靸來拡韽夑皜靻� 氚� 頇橃湪氤€霃欖溂搿� AOCI 靻愳嫟鞚� -2鞏� 6,480毵� 雼煬搿� 鞁檾.

*靾橃澋毳犾潃 2025雲� 7鞗� 25鞚� 膦呹皜旮办.

Points cl茅s du 10-Q du T2 2025 de W. P. Carey (WPC) :

Croissance du chiffre d'affaires : Le chiffre d'affaires total du T2 a augment茅 de 10,6 % en glissement annuel pour atteindre 430,8 M$ ; le chiffre d'affaires du premier semestre a progress茅 de 7,9 % 脿 840,6 M$.
Pression sur les b茅n茅fices : Le r茅sultat net attribuable 脿 WPC au T2 a chut茅 de 64 % en glissement annuel 脿 51,2 M$ (BPA 0,23 $ contre 0,65 $), en raison de 148,8 M$ de 芦聽Autres pertes聽禄 et de charges d鈥檌nt茅r锚ts plus 茅lev茅es compensant les gains de chiffre d'affaires. Le BPA du premier semestre a diminu茅脿 0,80 $ (-41 %).
Expansion du portefeuille : 81 acquisitions immobili猫res cl么tur茅es depuis le d茅but de l鈥檃nn茅e pour 542,7 M$ ; le portefeuille compte d茅sormais 1 600 actifs en location nette (178 millions de pieds carr茅s) plus 72 propri茅t茅s op茅rationnelles. Taux d鈥檕ccupation de 98,2 % avec une dur茅e moyenne pond茅r茅e des baux de 12,1 ans.
Cessions et plus-values : Vente de 17 actifs en location nette et de 10 installations de self-stockage ; plus-value r茅alis茅e de 52,8 M$ au T2 (96,6 M$ depuis le d茅but de l鈥檃nn茅e).
Bilan : Les investissements immobiliers ont augment茅脿 15,34 milliards de dollars (+5,2 % depuis le d茅but de l鈥檃nn茅e). La dette a augment茅脿 8,64 milliards (solde net du revolver 660,9 M$), tandis que la tr茅sorerie a diminu茅脿 244,8 M$ (-62 % depuis le d茅but de l鈥檃nn茅e). Dette nette/total des actifs 鈮� 48 %.
Activit茅 de capital : 1,47 Md$ tir茅s sur le revolver, 865 M$ rembours茅s ; 450 M$ d鈥檕bligations senior rembours茅es ; aucune nouvelle 茅mission d鈥檕bligations. Dividende trimestriel d茅clar茅 de 0,90 $/action (annualis茅 3,60 $, rendement de 7,4 %*).
Flux de tr茅sorerie : Flux de tr茅sorerie op茅rationnel de 677,2 M$ contre 1,26 Md$ sur la m锚me p茅riode l鈥檃n dernier ; baisse due 脿 une moindre r茅alisation de plus-values et 脿 une augmentation du besoin en fonds de roulement.
Capitaux propres : La valeur comptable a diminu茅 de 2,5 % 脿 8,21 milliards ; la perte en OCI cumul茅s non r茅alis茅s s鈥檈st creus茅e 脿 -264,8 M$ en raison des variations de d茅riv茅s et de change.

*Rendement bas茅 sur la cl么ture du 25/07/25.

07/30/2025 - 04:07 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Steele Richard G

(Last)

(First)

(Middle)

7 WTC AT 250 GREENWICH STREET

(Street)

10007

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MOODYS CORP /DE/ [ MCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP - General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/29/2025		M		727	A	$280.42	2,113	D
Common Stock	07/29/2025		S		727	D	$508.02	1,386	D
Common Stock	07/29/2025		M		730	A	$276.84	2,116	D
Common Stock	07/29/2025		S		730	D	$509.63	1,386	D
Common Stock								3,612.666	I	Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$280.42	07/29/2025		M			727	02/20/2021⁽¹⁾	02/20/2030	Common Stock	727	$0	0	D
Employee Stock Option (right to buy)	$276.84	07/29/2025		M			730	02/22/2022⁽¹⁾	02/22/2031	Common Stock	730	$0	0	D

Explanation of Responses:

1. One fourth of options vest each year beginning with the date indicated.

Remarks:

	Elizabeth McCarroll by power of attorney for Richard G. Steele	07/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

How much did WPC's Q2 2025 revenue grow year over year?

Total revenue increased 10.6 % to $430.8 million from $389.7 million.

What was W. P. Carey's Q2 2025 EPS?

Diluted EPS was $0.23, down from $0.65 in Q2 2024.

What dividend did WPC declare for Q2 2025?

The board declared a quarterly cash dividend of $0.90 per share, payable July 2025.

What is WPC's portfolio occupancy and lease term?

Occupancy stands at 98.2 % with a weighted-average remaining lease term of 12.1 years.

How much debt does WPC currently have?

Total debt is $8.64 billion, up from $8.04 billion at December 31 2024.

What were the key acquisitions in the first half of 2025?

WPC acquired 81 properties for $543 million, including large industrial portfolios in the US and Europe.

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How much did WPC's Q2 2025 revenue grow year over year?

What was W. P. Carey's Q2 2025 EPS?

What dividend did WPC declare for Q2 2025?

What is WPC's portfolio occupancy and lease term?

How much debt does WPC currently have?

What were the key acquisitions in the first half of 2025?

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FAQ

How much did WPC's Q2 2025 revenue grow year over year?

What was W. P. Carey's Q2 2025 EPS?

What dividend did WPC declare for Q2 2025?

What is WPC's portfolio occupancy and lease term?

How much debt does WPC currently have?

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