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[8-K] Lam Research Corp Reports Material Event

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Rhea-AI Filing Summary

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) Q2 2025 10-Q punti salienti:

  • Crescita dei ricavi: Nel secondo trimestre il fatturato totale 猫 aumentato del 10,6% su base annua, raggiungendo 430,8 milioni di dollari; nel primo semestre i ricavi sono saliti 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 a 51,2 milioni di dollari (EPS $0,23 contro $0,65), a causa di perdite altre per 148,8 milioni di dollari e maggiori oneri finanziari che hanno compensato i guadagni dai ricavi. L'EPS del primo semestre 猫 sceso a $0,80 (-41%).
  • Espansione del portafoglio: Chiuse 81 acquisizioni immobiliari da inizio anno per un totale di 542,7 milioni di dollari; il portafoglio comprende ora 1.600 asset net-lease (178 milioni di piedi quadrati) pi霉 72 immobili operativi. L鈥檕ccupazione 猫 al 98,2% con una durata media ponderata dei contratti di locazione di 12,1 anni.
  • Disposizioni e plusvalenze: Venduti 17 asset net-lease e 10 immobili per self-storage; plusvalenza realizzata di 52,8 milioni nel Q2 (96,6 milioni da inizio anno).
  • Bilancio: Gli investimenti immobiliari sono saliti a 15,34 miliardi di dollari (+5,2% da inizio anno). Il debito 猫 aumentato a 8,64 miliardi (saldo netto del revolver 660,9 milioni), mentre la liquidit脿 猫 scesa a 244,8 milioni (-62% da inizio anno). Il rapporto debito netto/attivit脿 totali 猫 circa 48%.
  • Attivit脿 di capitale: Sono stati utilizzati 1,47 miliardi sul revolver e rimborsati 865 milioni; rimborsati 450 milioni di senior notes; non sono stati emessi nuovi titoli. Dichiarato dividendo trimestrale di 0,90$ per azione (3,60$ annualizzato, rendimento 7,4%*).
  • Flusso di cassa: Flusso di cassa operativo pari a 677,2 milioni contro 1,26 miliardi nello stesso periodo dell鈥檃nno precedente, calo dovuto a minori plusvalenze realizzate e maggiori impieghi di capitale circolante.
  • Patrimonio netto: Il valore contabile 猫 diminuito del 2,5% a 8,21 miliardi; la perdita su AOCI si 猫 aggravata a -264,8 milioni a causa di segnali derivati e variazioni FX.

*Rendimento basato sul prezzo di chiusura del 25/07/25.

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

  • Crecimiento de ingresos: Los ingresos totales del segundo trimestre aumentaron un 10,6 % interanual a 430,8 millones de d贸lares; ingresos del primer semestre crecieron un 7,9 % a 840,6 millones de d贸lares.
  • Presi贸n en 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 vs $0,65), debido a p茅rdidas por otros conceptos de 148,8 millones y mayores gastos por intereses que contrarrestaron las ganancias en ingresos. El EPS del primer semestre disminuy贸 a $0,80 (-41 %).
  • Expansi贸n del portafolio: Se cerraron 81 adquisiciones de propiedades en lo que va del a帽o por 542,7 millones; el portafolio 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.
  • Desinversiones y ganancias: Se vendieron 17 activos net-lease y 10 activos de self-storage; ganancia realizada de 52,8 millones en el Q2 (96,6 millones en lo que va del a帽o).
  • Balance general: Las inversiones inmobiliarias aumentaron a 15,34 mil millones (+5,2 % desde inicio de a帽o). La deuda subi贸 a 8,64 mil millones (saldo neto revolver 660,9 millones), mientras que el efectivo cay贸 a 244,8 millones (-62 % desde inicio de a帽o). La deuda neta/activos totales 鈮�48 %.
  • Actividad de capital: Se utiliz贸 1,47 mil millones en revolver, se pagaron 865 millones; se pagaron 450 millones en senior notes; no se emitieron nuevas notas. Se declar贸 un dividendo trimestral de $0,90 por acci贸n (anualizado $3,60, rendimiento 7,4 %*).
  • Flujo de caja: Flujo de caja operativo de 677,2 millones frente a 1,26 mil millones en el per铆odo del a帽o anterior; la disminuci贸n se debe a menores ganancias realizadas y mayores usos de capital de trabajo.
  • Capital contable: 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:

  • 毵れ稖 靹膘灔: 2攵勱赴 齑濍Г於滌澊 鞝勲厔 霃欔赴 雽�牍� 10.6% 歃濌皜頃� 4鞏� 3,080毵� 雼煬; 靸侂皹旮� 毵れ稖鞚� 7.9% 歃濌皜頃� 8鞏� 4,060毵� 雼煬.
  • 靾橃澋 鞎曤皶: 2攵勱赴 WPC 攴�靻� 靾滌澊鞚奠潃 鞝勲厔 霃欔赴 雽�牍� 64% 臧愳唽頃� 5,120毵� 雼煬(EPS 0.23雼煬 vs 0.65雼煬)搿�, 1鞏� 4,880毵� 雼煬鞚� 旮绊儉 靻愳嫟瓿� 鞚挫瀽 牍勳毄 歃濌皜臧� 毵れ稖 歃濌皜攵勳潉 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: 鞓暣 順勳灛旯岇 81瓯挫潣 攵�霃欖偘 鞚胳垬 鞕勲, 齑� 5鞏� 4,270毵� 雼煬; 韽姼韽措Μ鞓る姅 順勳灛 1,600臧� 靾滌瀯雽� 鞛愳偘(1鞏� 7,800毵� 韽夒癌頂柬姼)瓿� 72臧� 鞖挫榿 欷戩澑 攵�霃欖偘 韽暔. 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: 17臧� 靾滌瀯雽� 鞛愳偘 氚� 10臧� 靺�頂� 鞀ろ啝毽 鞛愳偘 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 靸來儨: 攵�霃欖偘 韴瀽旮堨暋 153鞏� 4觳滊 雼煬搿� 5.2% 歃濌皜(鞐办磮 雽�牍�). 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� 5,000毵� 雼煬鞚� 靹犾垳鞙� 毂勱秾 靸來櫂; 鞁犼窚 毂勱秾 氚滍枆 鞐嗢潓. 攵勱赴氤� 氚半嫻旮� 0.90雼煬 靹犾柛(鞐瓣皠 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� 旮绊儉韽磩靻愳澋雸勱硠鞎� 靻愳嫟鞚� -2鞏� 6,480毵� 雼煬搿� 頇曤寑.

*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 autres pertes 禄 et de charges d鈥檌nt茅r锚ts plus 茅lev茅es compensant les gains de chiffre d鈥檃ffaires. 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 M de pieds carr茅s) plus 72 propri茅t茅s en exploitation. 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 gains : Vente de 17 actifs en location nette et 10 actifs de self-stockage ; gain r茅alis茅 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 Mds$ (+5,2 % depuis le d茅but de l鈥檃nn茅e). La dette a augment茅 脿 8,64 Mds$ (solde net du revolver 660,9 M$) tandis que la tr茅sorerie a chut茅 脿 244,8 M$ (-62 % depuis le d茅but de l鈥檃nn茅e). Dette nette/total des actifs 鈮�48 %.
  • Activit茅 de capital : Tir茅 1,47 Md$ sur le revolver, rembours茅 865 M$ ; rembours茅 450 M$ de billets seniors ; aucune nouvelle 茅mission. Dividende trimestriel d茅clar茅 de 0,90 $/action (annualis茅 3,60 $, rendement 7,4 %*).
  • Flux de tr茅sorerie : Flux de tr茅sorerie op茅rationnel de 677,2 M$ contre 1,26 Md$ sur la p茅riode pr茅c茅dente ; baisse due 脿 une diminution des gains r茅alis茅s et 脿 une augmentation des besoins en fonds de roulement.
  • Capitaux propres : La valeur comptable a diminu茅 de 2,5 % 脿 8,21 Mds$ ; la perte en OCI cumul茅e s鈥檈st creus茅e 脿 -264,8 M$ en raison des ajustements sur d茅riv茅s et des variations de change.

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

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

  • Umsatzwachstum: Der Gesamtumsatz im 2. Quartal stieg im Jahresvergleich um 10,6 % auf 430,8 Mio. USD; der Umsatz im ersten Halbjahr erh枚hte sich um 7,9 % auf 840,6 Mio. USD.
  • Gewinnbelastung: Der dem WPC zurechenbare Nettogewinn im Q2 sank um 64 % auf 51,2 Mio. USD (EPS 0,23 USD vs. 0,65 USD), da sonstige Verluste in H枚he von 148,8 Mio. USD und h枚here Zinsaufwendungen die Umsatzzuw盲chse ausglichen. Das EPS f眉r das erste Halbjahr sank auf 0,80 USD (-41 %).
  • Portfolioerweiterung: Bis dato wurden 81 Immobilienakquisitionen f眉r 542,7 Mio. USD abgeschlossen; das Portfolio umfasst nun 1.600 Netto-Mietobjekte (178 Mio. Quadratfu脽) plus 72 Betriebsimmobilien. Die Auslastung liegt bei 98,2 % mit einer gewichteten durchschnittlichen Laufzeit von 12,1 Jahren.
  • Ver盲u脽erungen & Gewinne: Verkauf von 17 Netto-Mietobjekten und 10 Self-Storage-Anlagen; realisierter Gewinn aus Verk盲ufen im Q2 von 52,8 Mio. USD (96,6 Mio. USD im Jahresverlauf).
  • Bilanz: Immobilieninvestitionen stiegen auf 15,34 Mrd. USD (+5,2 % seit Jahresbeginn). Die Verschuldung erh枚hte sich auf 8,64 Mrd. USD (Netto-Revolver-Saldo 660,9 Mio. USD), w盲hrend die liquiden Mittel auf 244,8 Mio. USD (-62 % seit Jahresbeginn) sanken. Netto-Schulden zu Gesamtverm枚gen 鈮�48 %.
  • 碍补辫颈迟补濒补办迟颈惫颈迟盲迟别苍: 1,47 Mrd. USD Revolver aufgenommen, 865 Mio. USD zur眉ckgezahlt; 450 Mio. USD Senior Notes zur眉ckgezahlt; keine neuen Anleihen emittiert. Quartalsdividende von 0,90 USD je Aktie erkl盲rt (annualisiert 3,60 USD, Rendite 7,4 %*).
  • Cashflow: Operativer Cashflow 677,2 Mio. USD gegen眉ber 1,26 Mrd. USD im Vorjahreszeitraum; R眉ckgang aufgrund geringerer realisierter Gewinne und h枚herer Nutzung des Working Capitals.
  • Eigenkapital: Buchwert sank um 2,5 % auf 8,21 Mrd. USD; AOCI-Verlust vertiefte sich auf -264,8 Mio. USD durch Derivatbewertungen und FX.

*Rendite basierend auf Schlusskurs vom 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) Q2 2025 10-Q punti salienti:

  • Crescita dei ricavi: Nel secondo trimestre il fatturato totale 猫 aumentato del 10,6% su base annua, raggiungendo 430,8 milioni di dollari; nel primo semestre i ricavi sono saliti 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 a 51,2 milioni di dollari (EPS $0,23 contro $0,65), a causa di perdite altre per 148,8 milioni di dollari e maggiori oneri finanziari che hanno compensato i guadagni dai ricavi. L'EPS del primo semestre 猫 sceso a $0,80 (-41%).
  • Espansione del portafoglio: Chiuse 81 acquisizioni immobiliari da inizio anno per un totale di 542,7 milioni di dollari; il portafoglio comprende ora 1.600 asset net-lease (178 milioni di piedi quadrati) pi霉 72 immobili operativi. L鈥檕ccupazione 猫 al 98,2% con una durata media ponderata dei contratti di locazione di 12,1 anni.
  • Disposizioni e plusvalenze: Venduti 17 asset net-lease e 10 immobili per self-storage; plusvalenza realizzata di 52,8 milioni nel Q2 (96,6 milioni da inizio anno).
  • Bilancio: Gli investimenti immobiliari sono saliti a 15,34 miliardi di dollari (+5,2% da inizio anno). Il debito 猫 aumentato a 8,64 miliardi (saldo netto del revolver 660,9 milioni), mentre la liquidit脿 猫 scesa a 244,8 milioni (-62% da inizio anno). Il rapporto debito netto/attivit脿 totali 猫 circa 48%.
  • Attivit脿 di capitale: Sono stati utilizzati 1,47 miliardi sul revolver e rimborsati 865 milioni; rimborsati 450 milioni di senior notes; non sono stati emessi nuovi titoli. Dichiarato dividendo trimestrale di 0,90$ per azione (3,60$ annualizzato, rendimento 7,4%*).
  • Flusso di cassa: Flusso di cassa operativo pari a 677,2 milioni contro 1,26 miliardi nello stesso periodo dell鈥檃nno precedente, calo dovuto a minori plusvalenze realizzate e maggiori impieghi di capitale circolante.
  • Patrimonio netto: Il valore contabile 猫 diminuito del 2,5% a 8,21 miliardi; la perdita su AOCI si 猫 aggravata a -264,8 milioni a causa di segnali derivati e variazioni FX.

*Rendimento basato sul prezzo di chiusura del 25/07/25.

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

  • Crecimiento de ingresos: Los ingresos totales del segundo trimestre aumentaron un 10,6 % interanual a 430,8 millones de d贸lares; ingresos del primer semestre crecieron un 7,9 % a 840,6 millones de d贸lares.
  • Presi贸n en 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 vs $0,65), debido a p茅rdidas por otros conceptos de 148,8 millones y mayores gastos por intereses que contrarrestaron las ganancias en ingresos. El EPS del primer semestre disminuy贸 a $0,80 (-41 %).
  • Expansi贸n del portafolio: Se cerraron 81 adquisiciones de propiedades en lo que va del a帽o por 542,7 millones; el portafolio 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.
  • Desinversiones y ganancias: Se vendieron 17 activos net-lease y 10 activos de self-storage; ganancia realizada de 52,8 millones en el Q2 (96,6 millones en lo que va del a帽o).
  • Balance general: Las inversiones inmobiliarias aumentaron a 15,34 mil millones (+5,2 % desde inicio de a帽o). La deuda subi贸 a 8,64 mil millones (saldo neto revolver 660,9 millones), mientras que el efectivo cay贸 a 244,8 millones (-62 % desde inicio de a帽o). La deuda neta/activos totales 鈮�48 %.
  • Actividad de capital: Se utiliz贸 1,47 mil millones en revolver, se pagaron 865 millones; se pagaron 450 millones en senior notes; no se emitieron nuevas notas. Se declar贸 un dividendo trimestral de $0,90 por acci贸n (anualizado $3,60, rendimiento 7,4 %*).
  • Flujo de caja: Flujo de caja operativo de 677,2 millones frente a 1,26 mil millones en el per铆odo del a帽o anterior; la disminuci贸n se debe a menores ganancias realizadas y mayores usos de capital de trabajo.
  • Capital contable: 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:

  • 毵れ稖 靹膘灔: 2攵勱赴 齑濍Г於滌澊 鞝勲厔 霃欔赴 雽�牍� 10.6% 歃濌皜頃� 4鞏� 3,080毵� 雼煬; 靸侂皹旮� 毵れ稖鞚� 7.9% 歃濌皜頃� 8鞏� 4,060毵� 雼煬.
  • 靾橃澋 鞎曤皶: 2攵勱赴 WPC 攴�靻� 靾滌澊鞚奠潃 鞝勲厔 霃欔赴 雽�牍� 64% 臧愳唽頃� 5,120毵� 雼煬(EPS 0.23雼煬 vs 0.65雼煬)搿�, 1鞏� 4,880毵� 雼煬鞚� 旮绊儉 靻愳嫟瓿� 鞚挫瀽 牍勳毄 歃濌皜臧� 毵れ稖 歃濌皜攵勳潉 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: 鞓暣 順勳灛旯岇 81瓯挫潣 攵�霃欖偘 鞚胳垬 鞕勲, 齑� 5鞏� 4,270毵� 雼煬; 韽姼韽措Μ鞓る姅 順勳灛 1,600臧� 靾滌瀯雽� 鞛愳偘(1鞏� 7,800毵� 韽夒癌頂柬姼)瓿� 72臧� 鞖挫榿 欷戩澑 攵�霃欖偘 韽暔. 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: 17臧� 靾滌瀯雽� 鞛愳偘 氚� 10臧� 靺�頂� 鞀ろ啝毽 鞛愳偘 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 靸來儨: 攵�霃欖偘 韴瀽旮堨暋 153鞏� 4觳滊 雼煬搿� 5.2% 歃濌皜(鞐办磮 雽�牍�). 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� 5,000毵� 雼煬鞚� 靹犾垳鞙� 毂勱秾 靸來櫂; 鞁犼窚 毂勱秾 氚滍枆 鞐嗢潓. 攵勱赴氤� 氚半嫻旮� 0.90雼煬 靹犾柛(鞐瓣皠 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� 旮绊儉韽磩靻愳澋雸勱硠鞎� 靻愳嫟鞚� -2鞏� 6,480毵� 雼煬搿� 頇曤寑.

*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 autres pertes 禄 et de charges d鈥檌nt茅r锚ts plus 茅lev茅es compensant les gains de chiffre d鈥檃ffaires. 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 M de pieds carr茅s) plus 72 propri茅t茅s en exploitation. 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 gains : Vente de 17 actifs en location nette et 10 actifs de self-stockage ; gain r茅alis茅 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 Mds$ (+5,2 % depuis le d茅but de l鈥檃nn茅e). La dette a augment茅 脿 8,64 Mds$ (solde net du revolver 660,9 M$) tandis que la tr茅sorerie a chut茅 脿 244,8 M$ (-62 % depuis le d茅but de l鈥檃nn茅e). Dette nette/total des actifs 鈮�48 %.
  • Activit茅 de capital : Tir茅 1,47 Md$ sur le revolver, rembours茅 865 M$ ; rembours茅 450 M$ de billets seniors ; aucune nouvelle 茅mission. Dividende trimestriel d茅clar茅 de 0,90 $/action (annualis茅 3,60 $, rendement 7,4 %*).
  • Flux de tr茅sorerie : Flux de tr茅sorerie op茅rationnel de 677,2 M$ contre 1,26 Md$ sur la p茅riode pr茅c茅dente ; baisse due 脿 une diminution des gains r茅alis茅s et 脿 une augmentation des besoins en fonds de roulement.
  • Capitaux propres : La valeur comptable a diminu茅 de 2,5 % 脿 8,21 Mds$ ; la perte en OCI cumul茅e s鈥檈st creus茅e 脿 -264,8 M$ en raison des ajustements sur d茅riv茅s et des variations de change.

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

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

  • Umsatzwachstum: Der Gesamtumsatz im 2. Quartal stieg im Jahresvergleich um 10,6 % auf 430,8 Mio. USD; der Umsatz im ersten Halbjahr erh枚hte sich um 7,9 % auf 840,6 Mio. USD.
  • Gewinnbelastung: Der dem WPC zurechenbare Nettogewinn im Q2 sank um 64 % auf 51,2 Mio. USD (EPS 0,23 USD vs. 0,65 USD), da sonstige Verluste in H枚he von 148,8 Mio. USD und h枚here Zinsaufwendungen die Umsatzzuw盲chse ausglichen. Das EPS f眉r das erste Halbjahr sank auf 0,80 USD (-41 %).
  • Portfolioerweiterung: Bis dato wurden 81 Immobilienakquisitionen f眉r 542,7 Mio. USD abgeschlossen; das Portfolio umfasst nun 1.600 Netto-Mietobjekte (178 Mio. Quadratfu脽) plus 72 Betriebsimmobilien. Die Auslastung liegt bei 98,2 % mit einer gewichteten durchschnittlichen Laufzeit von 12,1 Jahren.
  • Ver盲u脽erungen & Gewinne: Verkauf von 17 Netto-Mietobjekten und 10 Self-Storage-Anlagen; realisierter Gewinn aus Verk盲ufen im Q2 von 52,8 Mio. USD (96,6 Mio. USD im Jahresverlauf).
  • Bilanz: Immobilieninvestitionen stiegen auf 15,34 Mrd. USD (+5,2 % seit Jahresbeginn). Die Verschuldung erh枚hte sich auf 8,64 Mrd. USD (Netto-Revolver-Saldo 660,9 Mio. USD), w盲hrend die liquiden Mittel auf 244,8 Mio. USD (-62 % seit Jahresbeginn) sanken. Netto-Schulden zu Gesamtverm枚gen 鈮�48 %.
  • 碍补辫颈迟补濒补办迟颈惫颈迟盲迟别苍: 1,47 Mrd. USD Revolver aufgenommen, 865 Mio. USD zur眉ckgezahlt; 450 Mio. USD Senior Notes zur眉ckgezahlt; keine neuen Anleihen emittiert. Quartalsdividende von 0,90 USD je Aktie erkl盲rt (annualisiert 3,60 USD, Rendite 7,4 %*).
  • Cashflow: Operativer Cashflow 677,2 Mio. USD gegen眉ber 1,26 Mrd. USD im Vorjahreszeitraum; R眉ckgang aufgrund geringerer realisierter Gewinne und h枚herer Nutzung des Working Capitals.
  • Eigenkapital: Buchwert sank um 2,5 % auf 8,21 Mrd. USD; AOCI-Verlust vertiefte sich auf -264,8 Mio. USD durch Derivatbewertungen und FX.

*Rendite basierend auf Schlusskurs vom 25.07.25.

false000070754900007075492025-07-302025-07-30
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
 Current Report
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 30, 2025
  LAM RESEARCH CORPORATION
(Exact name of registrant as specified in its charter)
 
Delaware 0-12933 94-2634797
(State or Other Jurisdiction
of Incorporation)		 (Commission
File Number)		 (IRS Employer
Identification Number)
4650 Cushing Parkway
Fremont, California 94538
(Address of principal executive offices including zip code)
(510) 572-0200
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common Stock, Par Value $0.001 Per ShareLRCXThe Nasdaq Stock Market
(Nasdaq Global Select Market)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company      ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                      ☐

Table of Contents
Table of Contents
 
Item 2.02.  Results of Operations and Financial Condition
3
Item 9.01.  Financial Statements and Exhibits
3
SIGNATURES
4
EX-99.1


Table of Contents
 Item 2.02.Results of Operations and Financial Condition
On July 30, 2025, Lam Research Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 29, 2025, the text of which is attached hereto as Exhibit 99.1.
The information in this item of this Current Report on Form 8-K, including Exhibit 99.1, is furnished pursuant to Item 2.02 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section. Furthermore, the information in this item of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act.
 Item 9.01.Financial Statements and Exhibits
(d) Exhibits
99.1
Press Release dated July 30, 2025 announcing financial results for the fiscal quarter ended June 29, 2025
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document


Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date:July 30, 2025
LAM RESEARCH CORPORATION
(Registrant)
 /s/ Douglas R. Bettinger
 Douglas R. Bettinger
 Executive Vice President and Chief Financial Officer
 (Principal Financial Officer)
 


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.
Stock LRCX logo
Lam Research

NASDAQ:LRCX

LRCX Rankings

#174 Ranked by Market Cap
#1813 Ranked by Dividends

LRCX Latest News

Jul 30, 2025
Lam Research Corporation Reports Financial Results for the Quarter Ended June 29, 2025
Jul 9, 2025
Lam Research Corporation Announces June Quarter Financial Conference Call
May 21, 2025
Lam Research Corporation Declares Quarterly Dividend
May 14, 2025
Lam Research Corporation Announces Participation at Upcoming Conferences
Apr 29, 2025
Lam Research Corporation Announces Participation at Upcoming Conference

LRCX Stock Data

126.56B
1.28B
0.29%
85.87%
1.94%
Semiconductor Equipment & Materials
Special Industry Machinery, Nec
United States
FREMONT