earnings
confidence high
sentiment positive
materiality 0.80
W. P. Carey Q1 AFFO $1.30 vs $1.17; raises 2026 AFFO guidance to $5.16-$5.26
W. P. Carey Inc.
- Net income $176.3M ($0.80 EPS) up 40.1% YoY; AFFO $288.7M ($1.30/share) up 11.1% YoY.
- Raises 2026 AFFO guidance to $5.16-$5.26/sh; projects investment volume $1.5B-$2.0B.
- Q1 gross dispositions $162.6M incl. $75.2M from 11 self-storage properties; same-store rent growth 2.4%.
- Quarterly dividend increased 4.5% to $0.93/share ($3.72 annualized). Raised €1B in notes at 3.25%-3.75%.