Jul. 28 at 8:16 PM
$WPC | W. P. CAREY INC. Q2 2026 EARNINGS HIGHLIGHTS
◆ FFO:
$1.51 vs.
$1.31 est. ✅
◆ Revenue:
$0.46B vs.
$0.45B est. ✅
◆ Net Income:
$185.4M (+262.1% YoY)
◆ AFFO:
$305.4M (+8.1% YoY)
◆ Same-Store Rent Growth: 2.6%
◆ Occupancy Rate: 98.5%
Segment Performance:
◆ Real Estate:
$459.7M (+7.3% YoY)
◆ Investment Management:
$1.4M (-41.3% YoY)
Key Metrics:
◆ Quarterly cash dividend raised to
$0.940/share (annualized
$3.76), a 4.4% increase vs. Q2 2025; paid July 15, 2026
◆ Forward equity: sold 5.27M shares at weighted-average gross price of
$74.32/share for ~
$392M gross proceeds; settled portion for ~
$345M net proceeds in Q2 2026
◆ ~
$691M of equity subject to forward sale agreements remained available for settlement as of June 30, 2026
Forward Guidance:
◆ FY 2026 AFFO per diluted share guidance raised and narrowed to
$5.19–
$5.27 (prior:
$5.16–
$5.26), implying ~5.2% YoY growth at midpoint
◆ FY 2026 investment volume assumption raised to
$1.7B–
$2.1B (prior:
$1.5B–
$2.0B)
◆ FY 2026 disposition volume guidance updated to
$350M–
$550M (prior:
$250M–
$750M)
◆ FY 2026 G&A expenses guidance unchanged at
$103M–
$106M
