earnings
confidence high
sentiment positive
materiality 0.80
W. P. Carey Q2 AFFO $1.34, raises 2026 guidance, investment volume raised to $1.7-$2.1B
W. P. Carey Inc.
- Net income $185.4M ($0.82 EPS); AFFO $305.4M ($1.34 per share), up 4.7% YoY.
- Revenue $461.1M, up 7.0% YoY; contractual same-store rent growth 2.6%.
- Raised 2026 AFFO guidance to $5.19-$5.27 per share (midpoint 5.2% growth); investment volume raised to $1.7-$2.1B.
- Q2 dividend $0.94/share ($3.76 annualized), 4.4% increase YoY; YTD investment volume $1.3B.
- Subsequent to quarter end: issued $350M 5.200% notes due 2036 to prepay $350M 4.250% notes due Oct 2026.