Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
W.P. Carey benefits from stable triple-net leases, strong occupancy and disciplined investments, but debt, competition and tenant risks remain challenges.
Also Named One of Fortune's Best Workplaces in New York™ for the Third Consecutive Year
, /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, is proud to announce it has been Certified™ by Great Place to Work® in the U.S., the Netherlands and the U.K.
W. P. Carey Earns 2026 Great Place to Work Certification™ in the U.S., the Netherlands and the U.K. In addition, W. P. Carey was selected as one of the Best Small and Medium Workplaces in New York by Fortune for the third consecutive year. The Fortune Best Workplaces in New York™ list is highly competitive and determined by an analysis of over 155,000 survey responses from employees at eligible Great Place to Work Certified™ companies.
"These recognitions belong to our employees, whose dedication and enthusiasm make W. P. Carey a truly special place to work," said Jason Fox, Chief Executive Officer and President, W. P. Carey. "Earning Great Place to Work Certification in all three countries in which we have offices —the U.S., the Netherlands and the U.K.—is especially meaningful, as it underscores our commitment to fostering an environment where employees feel valued, supported and connected to our culture, no matter where they are."
Results from the 2026 certification survey highlight that 96% of global respondents said W. P. Carey is a great place to work—significantly higher than the average company benchmark. 96% of global respondents are also proud to tell others they work at W. P. Carey and feel they work in an inclusive environment that welcomes differences.
For more information on W. P. Carey's culture, employee programs and benefits, read our 2025 Corporate Responsibility Report.
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.com
Institutional Investors:
Peter Sands
1 (212) 492-1110
[email protected]
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
[email protected]
Conference Call Scheduled for Wednesday, July 29, 2026 at 11:00 a.m. Eastern Time
, /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT, announced today that it will release its financial results for the second quarter ended June 30, 2026 after the market closes on Tuesday, July 28, 2026.
The company will host a conference call and live audio webcast to discuss its financial results on Wednesday, July 29, 2026 at 11:00 a.m. Eastern Time, details of which are provided below.
Live Conference Call and Audio Webcast
Date/Time: Wednesday, July 29, 2026 at 11:00 a.m. Eastern Time
Call-in Number: 1 (877) 465-1289 (U.S.) or +1 (201) 689-8762 (international)
Please dial in at least 10 minutes prior to the start time.
Live Audio Webcast and Replay: www.wpcarey.com/earnings
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.com
Institutional Investors:
Peter Sands
1 (212) 492-1110
[email protected]
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
[email protected]
, /PRNewswire/ -- W. P. Carey (W. P. Carey, NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced the release of its 2025 Corporate Responsibility Report.
W. P. Carey Releases 2025 Corporate Responsibility Report Prepared in reference to disclosure standards established by the Task Force on Climate-related Financial Disclosures (TCFD) and Global Reporting Initiative (GRI), the report summarizes W. P. Carey's progress and achievements across corporate responsibility initiatives, focused on the company's environmental, social and governance objectives. It can be viewed and downloaded from W. P. Carey's website at www.wpcarey.com/corporate-responsibility.
Jason Fox, Chief Executive Officer and President, W. P. Carey, said: "Our Corporate Responsibility Report reflects the continued integration of sustainability, social impact and strong governance across our business. We remain focused on initiatives that strengthen our portfolio and drive long-term value for our shareholders, guided by our dual commitments to Investing for the Long Run and Doing Good While Doing Well."
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.com
This press release may contain forward-looking statements within the meaning of U.S. Federal securities laws. The comments of Mr. Fox are examples of forward-looking statements. A number of factors could cause W. P. Carey's actual results, performance or achievement to differ materially from those anticipated. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises (such as terrorism, military conflict, war or the perception that hostilities may be imminent), political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the Securities and Exchange Commission (SEC), could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
Institutional Investors:
Peter Sands
1 (212) 492-1110
[email protected]
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
[email protected]
, /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that it has priced an underwritten public offering of $350 million aggregate principal amount of 5.200% Senior Notes due 2036 (the "Notes"). The Notes were offered at 99.015% of the principal amount.
Interest on the Notes will be paid semi-annually on March 15 and September 15 of each year, beginning on March 15, 2027. The offering of the Notes is expected to settle on July 2, 2026, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to repay the $350 million in aggregate principal amount outstanding of its 4.250% Senior Notes due October 2026 and for other general corporate purposes, including to fund potential future investments and to repay certain other indebtedness, including amounts outstanding under its unsecured revolving credit facility.
Wells Fargo Securities, LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc. and BBVA Securities Inc. acted as joint book-running managers for the Notes offering.
A registration statement relating to the Notes has been filed with the Securities and Exchange Commission (the "SEC") and has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a prospectus supplement and prospectus. Before making an investment in the Notes, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, potential investors may obtain copies, when available, by contacting: Wells Fargo Securities, LLC toll-free at 1-800-645-3751, RBC Capital Markets, LLC toll-free at 1-866-375-6829 or U.S. Bancorp Investments, Inc. toll free at 1-877-558-2607.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
Forward-Looking Statements
Certain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "plan," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.
These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties which include, among others, the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises (such as terrorism, military conflict, war or the perception that hostilities may be imminent), political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, as filed with the SEC on April 29, 2026, as well as in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time. Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.
Institutional Investors:
Peter Sands
212-492-1110
[email protected]
SummaryW. P. Carey offers a 5.1% yield and consistent dividend growth, supported by a diversified, industrial-focused portfolio.WPC's industrial-focused, diversified portfolio and disciplined acquisition pipeline support continued AFFO/share growth and dividend increases.Management raised full-year investment pipeline guidance to $1.5–$2.0 billion, reflecting confidence in ongoing accretive acquisitions.I maintain a 'Buy' rating on WPC for its attractive yield, strong balance sheet, and reasonable valuation versus peers.Looking for a portfolio of ideas like this one? Members of iREIT®+HOYA Capital get exclusive access to our subscriber-only portfolios. Learn More »Sitewide Sale 2026: Get 20% Off Deagreez/iStock via Getty Images
The 4% rule is often cited as a guideline for income during retirement, in which one cashes out 4% of the stock portfolio per year. That can be a tricky endeavor for an index investor, as the S&P 500 (
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of WPC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am not an investment advisor. This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Inflation has surged this year due to the Strait of Hormuz closure, which has disrupted global trade. The Consumer Price Index (CPI) rose 4.2% over the last 12 months through May. That's up from a 2.4% annualized rate in January and its highest level in three years. A 23.5% boost in energy costs fueled the resurgence.
While inflation is bad for consumers, it can be a boon for some real estate investment trusts (REITs). Here are three built to thrive during inflationary markets.
Image source: Getty Images.
Gladstone Land Gladstone Land (LAND +0.88%) focuses on investing in farmland and farm-related properties. The farmland REIT owns 144 farms totaling 99,000 acres across 14 states, as well as more than 55,000 acre-feet of water assets in California. It leases its farms to high-quality tenant farmers, primarily under triple-net (NNN) leases, in which the tenant farmers pay for routine maintenance, property insurance, and real estate taxes. The long-term leases typically feature annual rate escalators, upward market resets, and participation rent features (a percentage of the farm's revenues). Its leases insulate the REIT from inflationary cost pressures while providing it with inflation-driven rent growth.
The REIT primarily invests in farms that grow fresh produce (fruits and vegetables). Since 1980, fresh produce prices have increased 386%, 1.3 times the increase in the overall CPI rate during that period. That higher inflation rate should benefit Gladstone, as it should earn higher participation rents from these farms, which should also appreciate faster than other farms.
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Gladstone Land's farm leases support its steadily rising monthly dividend. The REIT has increased its dividend, which currently yields nearly 6.5%, by 35 times over the past 45 quarters, for a total increase of 55.7%. Its goal is to grow its payout consistent with long-term inflation trends, providing investors with an inflation-protected income stream.
Vici Properties Vici Properties (VICI +1.05%) focuses on investing in experiential real estate, including gaming, hospitality, wellness, entertainment, and leisure destinations. It owns 101 properties across the U.S. and Canada, including 61 gaming properties and 40 other experiential properties. The REIT also invests in loans secured by experiential properties.
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The company leases its owned real estate under long-term NNN leases with high-quality operating tenants. Its portfolio currently has a nearly 40-year weighted average remaining lease term. Those leases increasingly protect Vici's rent from inflation, with 45% of its rent coming from CPI-linked leases this year, rising to 87% by 2035.
Vici's increasingly inflation-linked leases provide it with steadily rising cash flow to support its growing dividend (current yield of more than 6.5%). It has grown its dividend at a 7% compound annual rate over its eight years as a public company, well ahead of the 2.4% average of other REITs focused on NNN real estate.
W.P. Carey W.P. Carey (WPC +0.95%) owns a well-diversified portfolio of operationally critical real estate. It owns over 1,700 industrial, warehouse, retail, and other properties across North America and Europe secured by long-term NNN leases with built-in rent escalations.
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About 49% of its rent comes from leases with CPI-linked escalators. That high concentration of inflation-protected leases has enabled W.P. Carey to deliver best-in-class same-store rental growth rates in recent years (between 2.3% and 4.3%).
That steadily rising cash flow provides a solid foundation for the REIT's dividend yield of more than 5%. W.P. Carey has raised its payout every quarter since resetting it in late 2023, following its strategic decision to exit the office sector. The REIT has increased its dividend by 4.5% over the past year and should continue delivering mid-single-digit dividend growth as it expands its portfolio of inflation-linked properties.
Built to capitalize on inflation Gladstone Land, Vici Properties, and W.P. Carey receive a meaningful share of their rent from leases with rent escalators tied to inflation. That positions them to thrive when inflation is on the rise, as they'll deliver higher rental growth rates to support their rising dividends. Given the recent inflation uptick, these REITs are good buys right now for those seeking to position their portfolios to thrive in the current environment.
W.P. Carey (WPC - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
Therefore, the Zacks rating upgrade for W.P. Carey basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for W.P. Carey imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for W.P. CareyFor the fiscal year ending December 2026, this real estate investment trust is expected to earn $5.28 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for W.P. Carey. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.1%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of W.P. Carey to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Considering buying WPC stock? Here’s what analysts think:
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W. P. Carey is rated Buy, supported by strong AFFO growth, high occupancy, and a sustainable ~5.14% dividend yield. WPC raised 2026 AFFO guidance to $5.16–$5.26 per share, with an accelerated investment target of $1.5–$2 billion, backed by their ample liquidity available, essentially prefunding it already. Despite slightly elevated leverage and growing macro headwinds, WPC's portfolio pivot from office to industrial/retail and international expansion offers long-term upside.
W. P. Carey projects FY2026 AFFO per share of $5.21 (+4.8% YoY) and investment volumes of $1.75B, driven by high-yield investments and cheap borrowing costs from the EU/Canada. Given their robust long-term investment yields at over 9% and the weighted average interest rate of 3.1%, the REIT may deliver rich investment spreads at over 5% ahead. WPC remains discounted at Price/AFFO of 13.90x, with it triggering the rich dividend yield of 5.14% and the excellent upside potential to my LTPT of $90.30.
Key Takeaways W. P. Carey posted first-quarter 2026 AFFO of $1.30 per share, topping estimates by 1.6%.WPC reported 98.1% occupancy across 1,703 net-leased properties as of March 31, 2026.W. P. Carey raised 2026 investment guidance to $1.5-$2.0 billion after $682 million in deals. W.P. Carey (WPC - Free Report) is supported by a large, mission-critical net-lease portfolio in the United States and Europe, with most leases carrying contractual rent escalators and a long average term. Portfolio simplification is progressing as the company exits operating self-storage and recycles proceeds into higher-yielding deals, while liquidity remains ample and the dividend continues to edge higher.
Last month, W. P. Carey delivered first-quarter 2026 AFFO per share of $1.30, topping the Zacks Consensus Estimate by 1.6%. The quarter reflected the accretive impact of net investment activity and contractual rent escalations across the net-lease portfolio.
Analysts seem bullish about this Zacks Rank #2 (Buy) company, with the Zacks Consensus Estimate for its 2026 AFFO per share being revised northward marginally over the past week to $5.26.
Over the past six months, WPC shares have gained 10%, outperforming the industry’s growth of 8.8%.
Image Source: Zacks Investment Research
Factors That Make W.P. Carey Stock a Solid PickHigh-Quality, Mission-Critical Portfolio: W.P. Carey focuses on assets that are mission-critical for tenants and typically structures leases on a long-term, triple-net basis, which shifts most operating costs to the tenant. This model supports steady lease revenues with limited recurring property-level spend. As of March 31, 2026, occupancy stood at 98.1% across 1,703 net-leased properties, reflecting the operational importance of the portfolio to tenants.
Diverse Tenant Base and Contractual Rent Escalators: WPC’s portfolio is diversified by tenant, industry, property type and geography, which helps reduce reliance on any single cash flow stream. As of March 31, 2026, the top 10 tenants represented 18.3% of ABR. The portfolio’s weighted average lease term was 12.1 years, and nearly all ABR carried contractual rent increases, with 49% CPI-linked and 48% fixed increases.
Expansionary Efforts: W.P. Carey has been capitalizing on growth opportunities. From the beginning of the year through April 28, 2026, the company completed $682.0 million of investments. Management raised 2026 investment volume guidance to $1.5-$2.0 billion while keeping disposition guidance at $250-$750 million. Such match-funding efforts indicate the company’s prudent capital management practices and will relieve pressure from its balance sheet, which is encouraging.
Balance Sheet Strength: W.P. Carey has a healthy balance sheet position with ample liquidity. W.P. Carey ended first-quarter 2026 with $2.8 billion of total liquidity. The company’s share of net debt to adjusted EBITDA was 5.7X. It also enjoys investment-grade ratings of BBB+ from S&P Global Ratings and Baa1 from Moody’s, rendering it favorable access to the debt market.
Steady Dividend Payouts: Solid dividend payouts are arguably the biggest enticement for investment in REIT stocks, and W.P. Carey remains committed to them. In March 2026, the company’s board announced a regular quarterly dividend of 93 cents per share, indicating a 1.1% hike from 92 cents paid a quarter ago. Looking at the company’s operating environment and financial position compared to that of the industry, its current dividend is expected to be sustainable in the upcoming period.
Other Stocks to ConsiderSome better-ranked stocks from the REIT sector are Lamar Advertising (LAMR - Free Report) and Prologis (PLD - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Lamar Advertising’s 2026 FFO per share is pegged at $8.63, up 4.48% year over year.
The consensus estimate for Prologis’ 2026 FFO per share is pegged at $6.17, up 6.20% year over year.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
Adds $400 Million of Investment Volume Since Announcing First Quarter Results
, /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced year-to-date investment volume totaling approximately $1.1 billion, including investment volume totaling approximately $400 million completed since the Company reported its first quarter 2026 financial results on April 28, 2026.
GardenCore Sale-leaseback
On May 8, 2026, the Company closed the sale-leaseback of a 43-property manufacturing portfolio with newly branded GardenCore (formerly Oldcastle Lawn & Garden), a leading U.S. manufacturer of lawn and garden consumables, offering a broad portfolio of mulch, soil, stone and lime products. GardenCore has deep, long-standing partnerships with major home improvement retailers and garden centers, and delivers consistent, high-quality execution across large-scale private label and branded programs.
Located in 24 states across the U.S., the portfolio is triple-net master leased for a term of 20 years with fixed annual rent escalations. It represents the entirety of GardenCore's owned real estate, contributing a significant portion of its overall revenue. Pacific Avenue Capital Partners, a leading private equity firm, recently acquired GardenCore as part of a corporate carve-out from CRH's packaged mulch, soil and stone business.
At the time of investment, GardenCore ranked among W. P. Carey's top 10 largest tenants by annualized base rent (ABR).
Investment Volume Outlook
Based on the investment volume it has completed year-to-date, the capital investments and commitments it has scheduled to deliver over the remainder of 2026, and its investment pipeline, W. P. Carey currently has visibility into investment volume totaling approximately $1.5 billion.
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.com
Certain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey and can be identified by the use of words such as "may," "will," "should," "would," "will be," "goals," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "maintain" or the negative version of these words and other comparable terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.
Institutional Investors:
Peter Sands
1 (212) 492-1110
[email protected]
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
[email protected]
Key Takeaways W.P. Carey completed $1.1B in investments through May 12, showing strong 2026 deal momentum.WPC acquired GardenCore's 43-property portfolio with a 20-year triple-net lease structure.W.P. Carey sees nearly $1.5B in visible 2026 investments backed by committed capital spending. W.P. Carey (WPC - Free Report) announced the completion of $1.1 billion of investments from the start of 2026 through May 12, underscoring strong deal execution and steady capital deployment momentum. The company committed roughly $400 million of investments after reporting first-quarter 2026 results on April 28.
Backed by ongoing investments, committed capital spending for the remainder of 2026 and a healthy acquisition pipeline, WPC now has a visible investment volume of nearly $1.5 billion lined up for the year.
A major highlight was the sale-leaseback acquisition of a 43-property manufacturing portfolio from GardenCore, a leading U.S. producer of lawn and garden consumables. Spanning operations across 24 states, the deal includes a 20-year triple-net master lease with fixed annual rent escalators, offering long-term cash flow visibility. Following the transaction, GardenCore has become one of WPC’s 10 largest tenants based on annualized base rent.
W.P. Carey’s robust investment activity and expanding acquisition pipeline reinforce its growth outlook for 2026. The GardenCore transaction further strengthens the company’s portfolio quality through long-duration, inflation-protected cash flows and deeper exposure to mission-critical industrial assets. With disciplined capital deployment and a healthy pipeline, WPC appears well-positioned to drive stable earnings growth and support long-term shareholder returns.
Over the past six months, shares of this Zacks Rank #2 (Buy) company have risen 10.5% compared with the industry's growth of 9.6%.
Image Source: Zacks Investment Research
Other Stocks to ConsiderSome other top-ranked stocks from the broader REIT sector are Chatham Lodging Trust REIT (CLDT - Free Report) , sporting a Zacks Rank #1 (Strong Buy), and Prologis (PLD - Free Report) , carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CLDT’s 2026 FFO per share is pegged at $1.27, which indicates year-over-year growth of 24.5%.
The consensus estimate for PLD’s full-year FFO per share is pinned at $6.17, which calls for a 6.2% increase from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
W.P. Carey (WPC - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for W.P. Carey is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For W.P. Carey, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for W.P. CareyFor the fiscal year ending December 2026, this real estate investment trust is expected to earn $5.26 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for W.P. Carey. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.5%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of W.P. Carey to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
W. P. Carey is executing a strategic pivot from office to industrial properties, driving improved fundamentals and de-risking its balance sheet. WPC delivered 11% year-over-year AFFO per-share growth in Q1'26, with a dividend coverage ratio rising to 140% (+9 PP Y/Y). The REIT raised its AFFO guidance to $5.16–$5.26 per share for 2026, supporting a stable and growing 5% forward dividend yield.
OSAKA, Japan--(BUSINESS WIRE)--Ono Pharmaceutical Co., Ltd. (Headquarters: Osaka, Japan; President and COO: Toichi Takino; “Ono”) announced the presentation of data from the randomized, double-blind, placebo-controlled, Phase 2 study of ONO-2808（ONO-2808-03 study）for the treatment of multiple system atrophy (MSA) at the 7th World Parkinson Congress, held from May 24 to May 27, 2026, in Phoenix, Arizona, USA.
This presentation includes results of the double-blind core part of the ONO-2808-03 study at 24 weeks. In addition to the incidence of treatment-emergent adverse events (TEAEs), which is the primary endpoint, efficacy is evaluated using multiple exploratory indicators, including the modified Unified Multiple System Atrophy Rating Scale* (mUMSARS). TEAEs incidence was similar to placebo (91%, n=21/23) and ONO-2808 (93%, n=64/69), with no unexpected safety signals. As exploratory efficacy endpoints, in the subgroup of parkinsonism-predominant type (MSA-P), the change from baseline (95% CI) of the mUMSARS score at 24 weeks was 3.90 (1.76 to 6.04) in the placebo group, compared to 1.39 (-0.85 to 3.64) and 1.16 (-1.1 to 3.41) in the medium-dose and high-dose groups, respectively. In brain volume assessment using MRI (magnetic resonance imaging), the ONO-2808 group showed a tendency toward a dose-dependent response to the suppression of brain atrophy progression. These data suggest that ONO-2808 has the potential for continued development, and Ono and its affiliate company Deciphera plan to initiate a pivotal Phase 3 study.
* Unified Multiple System Atrophy Rating Scale (UMSARS): Used as an objective indicator for evaluating the severity and progression of MSA, and mUMSARS (modified UMSARS) is an index extracted from UMSARS in a one-year clinical trial, selecting nine items (speech, eating, dressing, hygiene, walking, excretory function, standing, posture, and gait) as indicators that clinically capture disease progression in a meaningful and sensitive manner 1).
About ONO-2808-03 Study
The ONO-2808-03 study is a multicenter, randomized, double-blind, placebo-controlled Phase 2 clinical study in early MSA patients within 5 years of symptom onset in Japan and the US. This study consisted of 2 parts. In the core part, 92 participants were randomly allocated to ONO-2808 (3 doses) or placebo at a ratio of 1:1:1:1, and orally received the treatment once daily for 24 weeks in a blinded manner. The objective of the core part is to assess the safety, tolerability, pharmacokinetics, and potential efficacy of ONO-2808 in comparison with placebo. After the completion of the core part, ONO-2808 will be administered for up to 80 weeks in the extension part to assess the safety, tolerability, and potential efficacy of long-term treatment with ONO-2808.
About Multiple System Atrophy (MSA)
MSA is a progressive neurodegenerative disease, which leads to the gradual loss of neurons in the brain due to abnormal accumulation of a protein called α-synuclein. Major symptoms include Parkinson's symptoms such as muscle stiffness, cerebellar ataxia such as difficulty walking, and autonomic dysfunction such as orthostatic dizziness and urinary incontinence. MSA is a rare and aggressive intractable disease with an average life expectancy of 9 to 10 years 2) - 4). It is reported that approximately 80% of patients become aid-requiring walking within 5 years of onset and only 20% of patients survive for at least 12 years 2). In Japan, MSA has been designated as an intractable disease, and the number of patients is estimated to be approximately 10,000 as of the end of fiscal year 2019 5). The number of patients in the US is estimated to be 15,000 to 50,000 or approximately 40,000 6), 7).
At present, no radical treatment has been established for MSA, and symptomatic treatment and rehabilitation are mainly used to maintain patients’ quality of life.
About ONO-2808
ONO-2808 is an orally bioavailable selective agonist to a Sphingosine 1-Phosphate (S1P) receptor 5, one of the S1P receptors, discovered by Ono. S1P5 receptors play an important role in the maintenance of normal functions of nerves, such as the stabilization and regeneration of myelin sheath that covers nerve axons, by promoting the differentiation of oligodendrocytes, a type of glial cells present in the central nervous system such as the brain and spinal cord 8), 9). ONO-2808, a selective S1P5 receptor agonist, is expected to alleviate the progression of MSA by promoting remyelination and inhibiting the accumulation of α-synuclein in the central nervous system, which is the cause of MSA.
About Ono Pharmaceutical Co., Ltd
Ono Pharmaceutical Co., Ltd. delivers innovative therapies for patients worldwide. Upholding its philosophy of “Dedicated to the Fight against Disease and Pain,” Ono targets areas with unmet medical needs including oncology, immunology & inflammation, and neurology, and fosters partnerships with academic and biotech organizations to accelerate drug discovery. Through its affiliate, Deciphera Pharmaceuticals, Ono is accelerating clinical development and commercial operations in the US and Europe to drive global business expansion and further its commitment to patient care. For more information, please visit the company's website at https://www.ono-pharma.com/en.
References:
1) Michele Potashman, et al. Neurology 2023 April 25: https://www.neurology.org/doi/10.1212/WNL.0000000000202223
2) Watanabe H, et al. Brain. 2002;125:1070-83.
3) Low PA, et al. Lancet Neurol. 2015;14:710-9.
4) Wenning GK, et al. Lancet Neurol. 2013;12:264-74.
5) Japan Intractable Diseases Information Center: https://www.nanbyou.or.jp/entry/59
6) National Institutes of Health: https://www.ninds.nih.gov/health-information/disorders/multiple-system-atrophy
7) Kaplan S, et al. Parkinsonism Relat Disord. 2023;117:105920.
8) Chun J, Hartung HP. Clin Neuropharmacol. 2010;33:91-101.
9) Jaillard C, et al. J Neurosci. 2005;25:1459-69.
In this press release, statements made with respect to current plans, estimates, strategies and beliefs, and other statements that are not historical facts are forward-looking statements about the future performance of the company. These statements are based on current assumptions and beliefs in light of the information currently available and involve known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: (i) changes in the business environment in the pharmaceutical market and amendments to relevant laws and regulations, (ii) disruptions to product supply due to stagnation or delays in production caused by natural disasters, fires, etc., (iii) the possibility that sales activities for new and existing products may not achieve the expected results, (iv) the emergence of new side effects in post-marketing drugs, and (v) infringements of intellectual property rights by third parties. Information about pharmaceutical products included in this press release is not intended to constitute an advertisement or medical advice.
It has been about a month since the last earnings report for W.P. Carey (WPC - Free Report) . Shares have added about 3.2% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is W.P. Carey due for a pullback? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for W.P. Carey Inc. before we dive into how investors and analysts have reacted as of late.
W. P. Carey Q1 AFFO Tops Estimates on Investment Activity and Rent GrowthW. P. Carey delivered first-quarter 2026 AFFO per share of $1.30, topping the Zacks Consensus Estimate by 1.6%. Revenues of $453.02 million also came ahead of the consensus mark of $451.06 million, a 0.4% surprise, and rose 11.2% year over year.
The quarter reflected the accretive impact of net investment activity and contractual rent escalations across the net-lease portfolio. Contractual same-store rent registered 2.4% growth year over year on a constant-currency basis.
W. P. Carey’s Revenues Climb on Net Investment ActivityLease revenues advanced to $402.8 million, supported by acquisitions and rent escalations across W. P. Carey’s U.S. and European portfolios. Income from finance leases and loans receivable added $27.7 million, also benefiting from net investment activity.
Operating property revenues were $12.1 million, reflecting the smaller operating-property footprint after prior self-storage dispositions. Other lease-related income contributed $10.5 million, helping broaden real estate revenues beyond base rent.
Bottom-line performance improved meaningfully, with net income attributable to the company rising to $176.3 million from $125.8 million a year ago. The increase was aided by higher gains from remeasurement of foreign debt, a lower non-cash allowance for credit loss on finance leases, higher gains on sale of real estate and the accretive contribution from investment activity, partially offset by higher impairment charges.
W. P. Carey’s Investment Pipeline Expands With Build-to-SuitsW. P. Carey posted year-to-date investment volume of $682.0 million, including $585.3 million completed during the quarter, signaling a strong start to 2026 capital deployment. Management also pointed to continued pipeline depth with visibility into significant near-term investment opportunities.
Capital projects remain an additional lever. Active capital investments and commitments totaled $178.8 million, scheduled for completion during the remainder of 2026, supporting future rent commencements and embedded growth from development and expansion activity.
In the first quarter, the company sold 19 properties for gross sale proceeds of $162.6 million.
W. P. Carey’s Balance Sheet Stays Liquid and FlexibleLiquidity stood at $2.8 billion at quarter-end, providing capacity to fund the acquisition pipeline and capital commitments. Net debt to adjusted EBITDA was 5.7X, reflecting a leverage profile the company views as conservative within its targeted range.
Capital markets activity helped reinforce funding flexibility. The company issued €500 million of senior unsecured notes due 2031 and €500 million due 2035 while also repaying €500 million of notes due 2026, extending maturities as it scales investment volume.
W. P. Carey Lifts 2026 AFFO View, Keeps Disposition PlansReflecting the early-year momentum, W. P. Carey raised its full-year 2026 AFFO guidance range to $5.16-$5.26 per share, up from the prior guided range of $5.13-$5.23. The increase was tied to higher anticipated investment volume and a lower estimate for a potential rent loss from tenant credit events.
For 2026, W. P. Carey now expects investment volume of $1.5-$2.0 billion, up from $1.25-$1.75 billion, while maintaining its disposition volume outlook of $250-$750 million.
How Have Estimates Been Moving Since Then?Estimates revision followed a upward path over the past two months.
VGM ScoresAt this time, W.P. Carey has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Following the exact same course, the stock has a score of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook W.P. Carey has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry PlayerW.P. Carey is part of the Zacks REIT and Equity Trust - Other industry. Over the past month, Ventas (VTR - Free Report) , a stock from the same industry, has gained 0.8%. The company reported its results for the quarter ended March 2026 more than a month ago.
Ventas reported revenues of $1.66 billion in the last reported quarter, representing a year-over-year change of +22%. EPS of $0.11 for the same period compares with $0.84 a year ago.
Ventas is expected to post earnings of $0.96 per share for the current quarter, representing a year-over-year change of +10.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.5%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Ventas. Also, the stock has a VGM Score of C.
W. P. Carey remains a hold due to limited upside, despite strong portfolio diversification and high occupancy metrics. WPC's 98%+ occupancy and 12.1-year WALT outperform the industrial market, supported by a well-laddered lease expiration schedule. Financial stability is underscored by 40% leverage, 4.7x fixed charge coverage, and a 71.4% AFFO payout ratio, supporting a secure 5% dividend yield.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.940 per share, equivalent to an annualized dividend rate of $3.76 per share. The dividend is payable on July 15, 2026 to stockholders of record as of June 30, 2026.
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.com
Institutional Investors:
Peter Sands
1 (212) 492-1110
[email protected]
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
[email protected]
Key Takeaways WPC increased its quarterly dividend 1.1% to 94 cents per share, payable July 15, 2026.WPC reported 98.1% occupancy and 2.4% contractual same-store rent growth in Q1 2026.WPC raised 2026 investment guidance to $1.5-$2.0B and had $2.8B of liquidity as of March 31, 2026. W.P. Carey (WPC - Free Report) recently announced a 1.1% hike in its dividend. WPC will now pay a quarterly cash dividend of 94 cents per share, up from 93 cents paid in the prior quarter. The increased amount will be paid out on July 15, 2026 to shareholders on record as of June 30, 2026. Based on the increased rate, the annual dividend comes to $3.76 a share, resulting in an annualized yield of 5%, considering WPC’s closing price of $75.58 on June 11, 2026.
Solid dividend payouts are arguably the biggest enticement for investment in REIT stocks. However, in December 2023, WPC reduced its dividend to 86 cents from the prior quarter's dividend payment of $1.07. The move resulted from the company’s strategic plan to exit its office assets and maintain a lower payout ratio. Thereafter, it maintained a disciplined capital distribution strategy and started increasing gradually, which is encouraging. Check out W.P. Carey’s dividend history here.
WPC’s Dividend Payout: Sustainable or Not?W.P. Carey has one of the largest portfolios of single-tenant net lease commercial real estate in the United States, and Northern and Western Europe. The company invests in assets that are mission-critical for its tenants’ operations. As of March 31, 2026, occupancy stood at 98.1% across 1,703 net-leased properties, reflecting the operational importance of the portfolio to tenants.
W.P. Carey’s portfolio is well-diversified by tenant, industry, property type and geography, aiding steady revenue generation. The existence of long-term net leases with built-in rent escalations yields stable cash flows. The company witnessed contractual same-store rent growth of 2.4% in the first quarter of 2026.
W.P. Carey has been capitalizing on growth opportunities. From the beginning of the year through April 28, 2026, the company completed $682.0 million of investments. Management raised 2026 investment volume guidance to $1.5-$2 billion while keeping disposition guidance at $250-$750 million. As of March 31, 2026, active capital investments and commitments totaled $178.8 million for completion in 2026, supporting a multi-quarter growth runway.
W.P. Carey has a healthy balance sheet position with ample liquidity. As of March 31, 2026, the company had a total liquidity of $2.8 billion, driven by revolver capacity, cash on hand and available proceeds under forward equity sale agreements. WPC’s share of net debt to adjusted EBITDA was 5.7X as of March 31, 2026. It also enjoys investment-grade ratings of BBB+ from S&P Global Ratings and Baa1 from Moody’s, rendering it favorable access to the debt market.
With solid fundamentals and earnings performance, we expect the latest dividend rate to be sustainable in the long run. Shares of this Zacks Rank #3 (Hold) company have gained 15% over the past six months compared with the industry’s growth of 11.2%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Other REITs That Recently Announced Dividend IncreasesOn June 9, Realty Income Corporation (O - Free Report) , branded as “The Monthly Dividend Company,” announced another dividend boost, raising its monthly payout to 27.10 cents per share from 27.05 cents. While modest, it represents Realty Income’s 135th increase since its 1994 NYSE debut. Payable on July 15 to shareholders on record as of June 30, the hike equates to an annualized dividend of $3.252 compared with the prior annualized dividend amount of $3.246 per share. Realty Income presently carries a Zacks Rank #3.
On May 11, Simon Property Group (SPG - Free Report) announced a 7.1% year-over-year hike and 2.3% sequential hike in its quarterly cash dividend to $2.25 per share from $2.20 paid out in the prior quarter. The increased dividend will be paid out on June 30 to stockholders on record as of the close of business on June 9. The latest dividend rate of SPG marks an annualized amount of $9 per share compared with the prior rate of $8.80. Simon Property currently has a Zacks Rank #3.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
