W. P. Carey Reports Q2 2026 Financial Results
W. P. Carey Inc., a net lease REIT, reported second-quarter financial results for the period ending June 30, 2026. The company recorded $185.4 million in net income and diluted earnings per share of $0.82. AFFO reached $305.4 million with an adjusted funds from operations (AFFO) per diluted share of $1.34. W. P. Carey raised its full-year 2026 AFFO guidance range to between $5.19 and $5.27 per diluted share, reflecting a projected year-over-year growth rate of 5.2% at the midpoint. The company also increased its investment volume assumption for the year to between $1.7 billion and $2.1 billion. During Q2, W. P. Carey completed $706.5 million in real estate investments as part of a total $1.3 billion invested year-to-date. The firm settled forward sale agreements for approximately $345 million during the quarter and plans to settle an additional $691 million by year-end. Additionally, W. P. Carey issued new debt with proceeds intended to refinance existing obligations. CEO Jason Fox highlighted strong investment activity and capital execution as key drivers of performance, noting continued opportunities for growth in a favorable market environment.
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