W. P. Carey Reports Q3 2026 Results with Raised AFFO Guidance
W. P. Carey Inc. (NYSE: WPC) reported strong financial results for the third quarter of 2026, highlighted by a 6.4% year-over-year increase in Adjusted Funds from Operations (AFFO) per diluted share to $1.33. The company's total revenues rose 8.6% to $468.3 million, driven largely by net investment activity and rent escalations. Encouraged by high investment volumes and portfolio performance, management raised and narrowed its full-year 2026 AFFO guidance to a range of $5.23 to $5.29 per diluted share, implying approximately 5.8% year-over-year growth at the midpoint. The company also increased the low end of its full-year investment volume assumption to between $1.8 billion and $2.1 billion. The REIT continues to maintain a steady dividend policy, declaring a third-quarter cash dividend of $0.950 per share. Despite interest rate uncertainty, CEO Jason Fox expressed confidence in the company's ability to deploy capital effectively as market repricing begins to create attractive opportunities.
Tickers: $WPC
Topics: AFFO Guidance Dividend Announcement Financial Results Real Estate Investment Trust
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