Hellweg tenant files for insolvency; W.P. Carey maintains AFFO guidance with estimated $8-$12M rent loss

W. P. Carey Inc.

Hellweg filed for insolvency under self-administration on June 16, 2026.
W.P. Carey net leases 16 properties to Hellweg, representing $15.2M annualized base rent.
Bank guarantees cover three months of rent; Hellweg paid rent through May 2026.
Binding agreements to re-lease 8 stores at comparable rents, with 3-9 months downtime.
AFFO guidance maintained at $5.16-$5.26 per diluted share; estimated rent loss $8-$12M.

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