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Collecting $8,900 a month in retirement without selling shares sounds clean until you see what the biggest position in this seven-ticker setup actually pays when markets go quiet.

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A 74-year-old collecting $8,900 a month, or $106,800 a year, needs roughly $1.5 million invested at a blended yield near 7% without selling shares. The design uses seven US-listed positions that push cash into the account almost every week of the month, including two diversified equity funds for ballast, two mature large-caps bought for their payouts, a covered-call fund as the yield engine, a REIT and a business development company for credit-like income, and a utility closed-end fund for defensive monthly cash. This is an illustration only.

How the Sleeves Fit Together Ballast comes from iShares Core High Dividend ETF (NYSEARCA:HDV), a quality dividend fund with a 0.08% expense ratio, and Reaves Utility Income Fund (NYSE:UTG), a closed-end fund holding utility and infrastructure equities. The mature large-caps are Verizon (NYSE:VZ | VZ Price Prediction), near $50 and yielding 5.5%, and Pfizer (NYSE:PFE), around $28 and yielding 6%. The yield engine is Global X S&P 500 Covered Call ETF (NYSEARCA:XYLD), which sells index calls for a monthly premium. The credit sleeve pairs W. P. Carey (NYSE:WPC), a net-lease REIT paying $3.76 annualized, with Capital Southwest (NASDAQ:CSWC), a middle-market business development company earning a 10.8% weighted yield on floating-rate senior secured loans.

What This Income Is Actually Doing Blended yield moves and different sleeves pull in different directions, and the largest weight is shrinking. XYLD’s forward annualized distribution of $3.73 sits well below its trailing twelve-month total of $4.33, and the latest monthly payment of $0.31 came in below the prior $0.41. That cash is an option premium, compensation for volatility. Calm markets pay less. The biggest position is the least reliable payer.

W. P. Carey cut its dividend a few years back, resetting from $1.07 quarterly to $0.86 after exiting office. It has since climbed sequentially back to $0.94, a real recovery, and a retiree deserves both facts. Capital Southwest restructured its payout partway through the trailing window, moving from a quarterly check to a $0.1934 monthly base plus a periodic $0.2534 supplemental. As a result, its forward annualized $3.04 runs above the trailing $2.56. The base is the commitment; the supplemental depends on earnings. Management flags that a 75-basis-point drop in base rates would trim annual NII by roughly $0.19 per share.

UTG is the best-behaved holding: a monthly payment stepped up from $0.20 to $0.21, with a forward rate above the trailing rate. Closed-end funds do carry quirks. They trade at premiums or discounts to the value of what they hold, so entry price matters separately from the quoted yield, and part of a distribution can be a return of capital, meaning your own money coming back rather than investment income.

The two individual companies concentrate risk. Verizon has run 30% year-to-date, compressing the income a new buyer receives. Pfizer is down 21% over five years while paying above market, the classic case of a yield flattered by a falling share price. A rising yield can mean the dividend grew or the price fell; those are opposite situations.

Where the No-Selling Promise Breaks This holder is past the age at which required minimum distributions begin. The nuance matters: distributions from a traditional IRA do not, by themselves, satisfy the RMD unless the holder actually withdraws the cash. If dividend income falls short in a given year, the holder has to sell something to make up the difference. That is one scenario where the no-selling promise breaks. Starting age depends on year of birth.

Income at this level can also lift Medicare premiums through the income-related surcharge, assessed on income from two years prior. Tax character matters too. Covered-call premium, BDC income, and REIT distributions are largely ordinary income taxed at regular rates rather than qualified-dividend rates, so those sleeves belong in tax-advantaged space when possible; the equity funds and blue-chip payers are fine in a taxable account. Seven tickers also share heavy overlap. HDV, XYLD, VZ, and PFE all draw from large-cap US equity, and in a broad sell-off most of this falls together.

One Change Worth Making The one change worth making is right-sizing XYLD. Trimming it lowers exposure to the sleeve most sensitive to market volatility. Shifting the freed capital into UTG and HDV would lower the headline yield slightly and raise the odds that the monthly checks keep arriving. That is the whole point of a portfolio built to spin off income without touching the share price: the structure we walked through step by step in a free dividend ladder guide.

Contact [email protected] for any questions or corrections.

Most retirement spreadsheets quietly collapse at exactly this income target, and the yield number printed on the fund page is usually the first thing that breaks them.

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Ten thousand eight hundred dollars a month comes to $129,600 a year in dividend income, which is roughly what a top-quartile professional household brings in before payroll taxes. Figuring out how to replace that from a quality-tilted dividend portfolio is exactly where most spreadsheet retirement plans tend to quietly fall apart.

Building the Lineup With VYM, DIVO, and WPC Start with a portfolio weighted 30% in Vanguard High Dividend Yield ETF (NYSEARCA:VYM), 40% in Amplify CWP Enhanced Dividend Income ETF (NYSEARCA:DIVO), and 30% in W. P. Carey (NYSE:WPC | WPC Price Prediction).

The high-dividend ETF VYM trades near $164 with a forward annualized distribution of $3.918 per share, putting its forward yield in the mid-2% range. The net-lease REIT WPC pays a $0.94 quarterly dividend, or $3.76 annualized, against a share price near $70, for a yield in the low-5% range. The covered-call fund DIVO is where the accounting really starts to matter.

Reading DIVO’s Yield Correctly The covered-call fund DIVO shows a trailing 12-month distribution total of $3.005025 per share, but its regular forward annualized rate is only $2.33616. That gap comes from an oversized $0.95339676 distribution paid out on December 30, 2025, which dwarfed the typical $0.18 to $0.19 monthly payments running through 2026. Anyone building a portfolio around that trailing figure is setting themselves up for a shortfall by design.

Use the forward rate. Against DIVO’s share price around $48, the forward yield lands in the high-4% range, not the low-6% range the trailing number implies.

What the Blend Actually Costs With those forward yields, the blended portfolio yield sits roughly in the 4% neighborhood. Producing $129,600 a year at that yield requires capital in the low-$3 million range. That is what the headline is pointing at. A retiree who saw an 8% yield fund advertisement and assumed a $1.6 million portfolio would clear the bar is looking at nearly double the capital requirement once the math settles (the mix, the payment calendar, and the withdrawal order are all laid out in our free guide to turning savings into a monthly paycheck).

Costs the Yield Number Hides The covered-call fund DIVO combines equity positions with short call contracts on names like Caterpillar and JPMorgan. The option premium boosts the distribution, but the strategy limits your upside in strong markets, and part of what gets paid out may be classified as a return of capital. That return of capital lowers your cost basis rather than counting as qualified dividend income. A retiree who treats the entire distribution as dividends will misstate both the tax bill and the long-term sustainability of the payout.

The net-lease REIT WPC comes with its own warning label. After spinning off its office portfolio in 2023, the quarterly dividend was reset from $1.14 on November 2, 2023, to $0.86 on December 28, 2023. It has since climbed back to $0.94, and second-quarter 2026 AFFO of $1.34 beat the $1.24 consensus on 99% occupancy. That reset is a direct reminder that even a quality-tilted lineup carries real cut risk.

Taxes compound the gap. WPC is a REIT, so most of its distribution is taxed as ordinary income at your marginal rate rather than the qualified dividend rate that applies to most of VYM. In a taxable account, the after-tax income from the WPC sleeve is meaningfully lower than the headline yield suggests. Holding the REIT and covered-call sleeves inside an IRA or Roth changes the calculation.

Tilting Higher Yield to Shrink the Check The alternative is to swap part of the VYM sleeve for higher-distribution categories: business development companies, mortgage REITs, and leveraged covered-call funds that regularly print 10% to 14% rates. That tilt can cut the required capital by roughly a third at the same income target. The 10-year Treasury yielding roughly 5% is the risk-free floor those categories have to clear.

What you give up: credit quality falls, dividend durability weakens (BDC and mREIT payouts are cut in every credit cycle), a larger share of the distribution can be a return of capital, and sector concentration rises because these categories cluster in financials and real estate. The income prints. The principal often does not.

Three Steps Before Committing Capital Recompute the target against your actual annual spending, not your gross salary. Payroll taxes, retirement contributions, and mortgage principal that disappears in retirement can pull the replacement number down meaningfully. Model DIVO’s forward rate, not its trailing rate. Sizing the sleeve off $3.005025 underfunds the plan the year the outsized December distribution fails to repeat. Run the WPC sleeve through your marginal tax rate in a taxable account. If the after-tax yield falls below what VYM produces on qualified terms, the REIT allocation belongs in an IRA. Contact [email protected] for any questions or corrections.

Turning a house sale into a permanent monthly paycheck sounds straightforward until you realize most income strategies require capital you no longer have. Three tickers solve that gap, but the tradeoffs between them could make or break the plan.

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A couple closes on their house for $810,000 in net proceeds and wants that lump sum to replace a paycheck. The target: $4,900 a month, or $58,800 a year, without touching principal. That works out to a blended yield of roughly 7.3% on the whole account, which is the exact level the three-ticker mix in the headline is built to deliver.

Here is the math and tradeoffs behind each yield tier, followed by a sample allocation across JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ), W. P. Carey (NYSE:WPC | WPC Price Prediction), and Verizon (NYSE:VZ).

What $58,800 Costs at Each Yield Tier Conservative tier: 3% to 4% yield. Dividend growth funds, broad market payers, and blue-chip stalwarts. $58,800 divided by 0.035 equals $1,680,000 in capital. This couple does not have that. The trade-off is durability: the portfolio grows the payout faster than inflation, and the principal appreciates.

Moderate tier: 5% to 7% yield. Net lease REITs, preferred shares, blue-chip telecoms, and select dividend stocks. $58,800 divided by 0.06 equals $980,000. Still $170,000 more than the house netted. Dividend growth slows here, and total return depends more on the coupon than on capital gains.

Aggressive tier: 8% to 14% yield. Covered call ETFs on high-beta indexes, business development companies, and mortgage REITs. $58,800 divided by 0.10 equals $588,000. The $810,000 clears this bar easily, but distributions can drift lower in flat markets, and principal often erodes over long stretches.

The couple’s $810,000 sits between the moderate and aggressive tiers, so a blended sleeve makes sense.

Building the $4,900 Monthly Paycheck The first fund sells call options against a Nasdaq-100 basket and pays monthly distributions that tend to vary. It paid $0.70497 in August 2026 and $0.46572 in February 2026. On a $60 share price and an annualized forward distribution of $8.46, the trailing yield lands near 14%. Its top holdings include NVIDIA at 7% of assets, Apple at 6%, and Micron at 6%, so this sleeve is essentially tech beta with a premium overlay.

The net lease REIT is the moderate ballast in this mix. It raised its quarterly dividend to $0.94 in June 2026, a 4% year-over-year increase. On the $70 share price, that works out to roughly a 5.3% yield, backed by 99% occupancy and leases where 49% of same-store rents are tied to CPI escalators. Second-quarter AFFO of $1.34 beat consensus, and management guided full-year AFFO to $5.19 to $5.27.

The telecom name anchors the conservative sleeve. Its $0.7075 quarterly dividend works out to $2.83 annualized, which is roughly 5.6% on shares near $50. Second-quarter free cash flow of $6.43 billion grew 27%, adjusted EBITDA margin expanded to 40%, and management raised full-year adjusted EPS guidance to $4.99 to $5.04. The Frontier integration is targeting more than $1 billion in run-rate synergies by 2028.

A workable split: roughly $180,000 in JEPQ, $315,000 in WPC, and $315,000 in VZ. That produces about $25,200, $16,700, and $17,640, respectively, or $59,535 a year, which is $4,961 a month before taxes. WPC and VZ pay qualified dividends taxed at long-term capital gains rates, friendlier than ordinary-income treatment on JEPQ’s option premiums or BDC distributions.

Why a Lower Yield Sometimes Wins JEPQ’s 20% one-year total return looks great next to WPC’s 12%, but the distribution drifted from $0.70 down to $0.44 and back inside two years. WPC’s dividend has climbed every quarter since 2023. A payout growing 4% to 5% annually doubles income in about 15 years. A 14% yield that stays flat or slips 10% in a bad market does not. That is the trade the couple makes by tilting toward WPC and VZ, and it is the same income-first case we made against the classic 4% withdrawal rule in a free report on why that rule wobbles now.

Three Moves Before Funding the Account Recalculate the actual monthly need, not the old paycheck. Property taxes, commuting, and mortgage principal likely disappeared with the house sale, which can drop required income below $58,800. Model the tax hit by sleeve. Verizon and WPC dividends are largely qualified or 199A-eligible, while JEPQ’s monthly distribution is mostly ordinary income. In a high state, that gap alone can move the after-tax yield by more than a full point. Stress-test the aggressive sleeve. Pull JEPQ’s trailing 12-month payout of $6.52 and rerun the paycheck math assuming distributions drop by 20%. If the monthly number still covers essentials, the allocation holds up. Contact [email protected] for any questions or corrections.

Advisors Capital Management LLC acquired a new stake in shares of W.P. Carey Inc. (NYSE:WPC – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,031,277 shares of the real estate investment trust’s stock, valued at approximately $73,736,000. Advisors Capital Management LLC owned approximately 0.45% of W.P. Carey as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of W.P. Carey by 22.1% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 153,462 shares of the real estate investment trust’s stock worth $10,429,000 after purchasing an additional 27,734 shares during the last quarter. Swedbank AB grew its position in W.P. Carey by 124.2% during the 4th quarter. Swedbank AB now owns 135,849 shares of the real estate investment trust’s stock valued at $8,743,000 after purchasing an additional 75,253 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in W.P. Carey during the 4th quarter valued at about $41,638,000. Principal Financial Group Inc. increased its stake in W.P. Carey by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 488,973 shares of the real estate investment trust’s stock valued at $33,231,000 after purchasing an additional 17,812 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in W.P. Carey by 8.4% during the 4th quarter. Hsbc Holdings PLC now owns 922,540 shares of the real estate investment trust’s stock valued at $59,370,000 after purchasing an additional 71,463 shares in the last quarter. Hedge funds and other institutional investors own 73.73% of the company’s stock.

Analysts Set New Price Targets Several brokerages have recently issued reports on WPC. Wolfe Research upgraded shares of W.P. Carey from a “peer perform” rating to an “outperform” rating and set a $85.00 target price on the stock in a research note on Monday, June 8th. BNP Paribas Exane raised shares of W.P. Carey from a “neutral” rating to an “outperform” rating and raised their price target for the company from $73.00 to $88.00 in a research report on Wednesday, July 29th. Barclays boosted their price objective on shares of W.P. Carey from $78.00 to $80.00 and gave the stock an “underweight” rating in a report on Wednesday, July 22nd. UBS Group reaffirmed a “neutral” rating on shares of W.P. Carey in a research report on Wednesday, July 29th. Finally, Bank of America upgraded W.P. Carey from an “underperform” rating to a “neutral” rating and increased their target price for the company from $73.00 to $83.00 in a research note on Tuesday, June 16th. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.38.

Read Our Latest Analysis on W.P. Carey W.P. Carey Stock Performance Shares of NYSE WPC opened at $72.12 on Friday. The firm has a 50 day moving average of $72.82 and a 200 day moving average of $72.53. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $16.43 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 3.59 and a beta of 0.75. W.P. Carey Inc. has a 12-month low of $63.08 and a 12-month high of $77.22.

W.P. Carey Increases Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.94 per share. This is an increase from W.P. Carey’s previous quarterly dividend of $0.93. This represents a $3.76 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, June 30th. W.P. Carey’s payout ratio is presently 128.33%.

W.P. Carey Profile (Free Report)

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.

Featured Articles Five stocks we like better than W.P. Carey 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding WPC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for W.P. Carey Inc. (NYSE:WPC – Free Report).

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WP Carey (WPC) delivered a steady dividend raise, maintaining a 5.1% yield and demonstrating resilient income performance. Four BDCs—PFLT, CCAP, CGBD, OBDC—implemented double-digit dividend cuts, reflecting sector volatility and recent price declines near 52-week lows. Despite dividend reductions, all BDCs remain in the RIG portfolio, with recommendations to hold as dividend coverage stabilizes and recovery potential emerges.

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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.

The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.

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.

Key Takeaways WPC completed $706.5M of investments in Q2, bringing year-to-date investment volume to $1.3B.W. P. Carey maintained 98.5% occupancy with a weighted-average remaining lease term of 12.2 years.WPC raised its 2026 AFFO guidance and increased its investment-volume assumption to $1.7B-$2.1B. W. P. Carey Inc. (WPC - Free Report) reported second-quarter 2026 adjusted funds from operations (AFFO) of $1.34 per share, beating the Zacks Consensus Estimate by 2.3%. The metric increased 4.7% from the year-ago quarter.

Revenues of $461.06 million surpassed the consensus mark of $454.11 million and rose 7% year over year. The results reflected accretive net investment activity and contractual rent increases, with same-store rent growth reaching 2.6% on a constant-currency basis.

WPC's Lease Revenues Rise on InvestmentsLease revenues increased 12.5% year over year to $409.66 million, primarily driven by net investment activity. Income from finance leases and loans receivable advanced 34% to $27.16 million.

Other lease-related income rose to $11.21 million from $9.64 million. In contrast, operating property revenues declined to $11.64 million from $34.29 million, mainly reflecting the sale of the company’s self-storage operating portfolio.

WPC Accelerates Real Estate Investment ActivityThe net-lease REIT completed $706.5 million of investments during the second quarter, taking year-to-date volume to $1.3 billion. The company also had $132.7 million of active capital investments and commitments scheduled for completion during the second half of 2026.

WPC disposed of nine properties for gross proceeds of $83.7 million during the quarter. First-half disposition proceeds reached $246.2 million from the sale of 28 properties, supporting its ongoing capital recycling strategy.

W. P. Carey Maintains Strong Portfolio MetricsThe net-lease portfolio comprised 1,748 properties spanning about 188.5 million square feet and leased to 384 tenants. Occupancy remained high at 98.5%, while the weighted-average remaining lease term was 12.2 years.

Annualized base rent totaled $1.64 billion. The top 10 tenants represented 18.1% of net-lease annualized base rent, while tenants with investment-grade ratings or investment-grade parent companies accounted for 22.7%.

WPC Retains Ample Liquidity for GrowthWPC ended the quarter with liquidity of $2.74 billion, including $1.9 billion of available capacity under its senior unsecured credit facility. Cash and cash equivalents stood at $163.54 million.

Net debt to annualized adjusted EBITDA was 5.5X, or 5.1X, including unsettled forward equity. During the quarter, the company settled forward agreements for approximately $345 million in net proceeds and retained access to about $691 million from remaining unsettled agreements.

W. P. Carey Raises 2026 AFFO GuidanceManagement raised its full-year 2026 AFFO guidance range to $5.19-$5.27 per share from $5.16-$5.26. The revised range implies 5.2% year-over-year growth at the midpoint. The Zacks Consensus Estimate is pegged at $5.28, which lies above the projected range.

WPC also increased its investment-volume assumption to $1.7-$2.1 billion from $1.5-$2.0 billion. The updated outlook reflects higher anticipated lease revenues, improved expectations for potential rent losses and lower projected expenses, partly offset by the impact of settling forward equity.

WPC’s Zacks RankWPC currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Performance of Other REITsDigital Realty Trust (DLR - Free Report) reported second-quarter 2026 core FFO per share, excluding net promote, of $2.13, up 13.9% from a year ago. The figure surpassed the Zacks Consensus Estimate by 7.6%. Strong bookings, a record backlog and sharp renewal rent increases supported the quarter.

Prologis Inc. (PLD - Free Report) reported second-quarter 2026 core FFO per share of $1.63, outpacing the Zacks Consensus Estimate of $1.53. Results reflected strengthening demand, disciplined execution and expanding capabilities across logistics, data centers and energy.

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.

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SummaryW. P. Carey Inc. benefits from nearly half its leases being CPI-linked, driving robust revenue in an inflationary environment.WPC's payout ratio dropped to 70.6% and AFFO grew 4.7% annualized, supporting conservative, reliable dividends attractive for risk-averse investors.Management increased FY 2026 AFFO growth outlook to 5.2% and investment volumes are up, reflecting strong operational execution and shareholder alignment.Despite strong performance, WPC trades at a premium P/AFFO (~15x vs. 12.6x historical), justifying a Hold for valuation-conscious investors. EMS-FORSTER-PRODUCTIONS/DigitalVision via Getty Images

One of the core reasons why W. P. Carey Inc. (WPC) is doing so well stems from the fact that almost halve of its leases are CPI-linked in one way or the other. Around 30% of

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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.

, /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the second quarter ended June 30, 2026.

Financial Highlights

2026 Second Quarter

Net income attributable to W. P. Carey (millions)

$185.4

Diluted earnings per share

$0.82

AFFO (millions)

$305.4

AFFO per diluted share

$1.34

Raising and narrowing 2026 AFFO guidance range to between $5.19 and $5.27 per diluted share, implying 5.2% year-over-year growth at the midpoint Full-year investment volume assumption raised to between $1.7 billion and $2.1 billion Second quarter cash dividend of $0.940 per share, equivalent to an annualized dividend rate of $3.76 per share Real Estate Portfolio

Investment volume of $1.3 billion completed year to date, including $706.5 million during the second quarter Active capital investments and commitments of $132.7 million scheduled to be completed during the second half of 2026 Gross disposition proceeds of $246.2 million during the first half of 2026, including $83.7 million during the second quarter Contractual same-store rent growth of 2.6% year over year Balance Sheet and Capitalization

Equity –  Sold 5.3 million shares of common stock subject to forward sale agreements during the second quarter, representing total gross proceeds of approximately $392 million Settled a portion of outstanding forward sale agreements during the second quarter for net proceeds totaling approximately $345 million At the end of the second quarter approximately $691 million of equity subject to forward sale agreements remained available for settlement Debt – Subsequent to quarter end, issued $350 million of 5.200% Senior Unsecured Notes due 2036, with proceeds scheduled to be used to prepay $350 million of 4.250% Senior Unsecured Notes due October 2026 MANAGEMENT COMMENTARY

"The momentum we established last year continued through the first half of 2026, with a strong pace of investment activity and successful capital markets execution," said Jason Fox, Chief Executive Officer. "We continue to see compelling acquisition opportunities at attractive spreads and with our anticipated investment activity pre-funded well into 2027, we have ample capacity to continue investing.

"Our outlook for potential rent loss has also improved and we expect to increasingly benefit from inflationary tailwinds flowing through our CPI-linked leases. Reflecting our performance to date and outlook for the remainder of the year, I'm pleased to say we're again raising our expectations for both full-year investment volume and AFFO per share, with AFFO growth now above 5% at the midpoint."

QUARTERLY FINANCIAL RESULTS

Revenues

Revenues, including reimbursable costs, for the 2026 second quarter totaled $461.1 million, up 7.0% from $430.8 million for the 2025 second quarter. Lease revenues increased due primarily to net investment activity. Income from finance leases and loans receivable increased primarily as a result of net investment activity. Operating property revenues decreased due primarily to the sale of the Company's self-storage operating portfolio, comprising the sale of 63 properties in 2025 and 11 during the 2026 first quarter. Net Income Attributable to W. P. Carey

Net income attributable to W. P. Carey for the 2026 second quarter was $185.4 million, up 262.1% from $51.2 million for the 2025 second quarter, due primarily to a mark-to-market gain of $41.6 million recognized on the Company's shares of Lineage during the current-year period (as compared to a loss of $69.0 million recognized during the prior-year period), higher gains from remeasurement of foreign debt, the Company's $49.9 million proportionate share of a gain on sale recognized by a jointly-owned investment during the current-year period, and the accretive impact of net investment activity, partly offset by higher impairment charges and lower gain on sale of real estate. Adjusted Funds from Operations (AFFO)

AFFO for the 2026 second quarter was $1.34 per diluted share, up 4.7% from $1.28 per diluted share for the 2025 second quarter, primarily reflecting accretive net investment activity, partly offset by the impact of higher interest rates from debt refinancings on interest expense and the settlement of forward equity. Note: Further information concerning AFFO, which is a non-GAAP supplemental performance metric, is presented in the accompanying tables and related notes.

Dividend

On June 11, 2026, the Company reported 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, representing a 4.4% increase compared to the 2025 second quarter. The dividend was paid on July 15, 2026 to shareholders of record as of June 30, 2026. AFFO GUIDANCE

The Company's AFFO per diluted share guidance and key underlying assumptions have been updated as follows:
Prior

2026 Guidance

Updated

2026 Guidance

AFFO per diluted share

$5.16 – $5.26

$5.19 – $5.27

Investment volume

$1.5 – $2.0 billion

$1.7 – $2.1 billion

Disposition volume

$250 – $750 million

$350 – $550 million

General and administrative expenses

$103 – $106 million

$103 – $106 million

Property expenses, excluding reimbursable tenant costs

$56 – $60 million

$54 – $58 million

Tax expense (on an AFFO basis)

$45 – $49 million

$43 – $47 million

The Company has raised and narrowed its AFFO per diluted share guidance range for the 2026 full year, primarily reflecting higher expected lease revenues (including the impacts of higher anticipated investment volume and a more favorable outlook for potential rent loss), together with certain lower projected expenses, partly offset by the impact of settling forward equity. Note: The Company does not provide guidance on net income. The Company only provides guidance on AFFO and does not provide a reconciliation of this forward-looking non-GAAP guidance to net income due to the inherent difficulty in quantifying certain items necessary to provide such reconciliation as a result of their unknown effect, timing and potential significance. Examples of such items include impairments of assets, gains and losses from sales of assets, and depreciation and amortization from new acquisitions.

REAL ESTATE

Investments

Year to date, the Company completed investments totaling $1.3 billion, including $706.5 million during the 2026 second quarter. The Company currently has five capital investments and commitments totaling $132.7 million scheduled to be completed during the second half of 2026. In addition, the Company has five capital investments and commitments totaling $165.9 million scheduled to be completed over the course of 2027. Dispositions

During the first half of 2026, the Company disposed of 28 properties for gross proceeds totaling $246.2 million, including nine properties during the 2026 second quarter for gross proceeds totaling $83.7 million. Contractual Same-Store Rent Growth

As of June 30, 2026, contractual same-store rent growth was 2.6% year over year on a constant currency basis. Composition

As of June 30, 2026, the Company's net lease portfolio consisted of 1,748 properties, comprising 188 million square feet leased to 384 tenants, with a weighted-average lease term of 12.2 years and an occupancy rate of 98.5%. BALANCE SHEET AND CAPITALIZATION

Liquidity

As of June 30, 2026, the Company had total liquidity of $2.7 billion, primarily comprising $1.9 billion of available capacity under its Senior Unsecured Credit Facility (net of amounts reserved for standby letters of credit), in addition to cash and cash equivalents and available net proceeds under unsettled forward equity sale agreements. Forward Equity

During the 2026 second quarter, the Company sold 5,271,817 shares of common stock under its ATM program pursuant to forward sale agreements at a weighted-average gross price of $74.32 per share, representing total gross proceeds of approximately $392 million. During the 2026 second quarter, the Company settled a portion of its outstanding forward sale agreements, issuing 5,066,282 shares of common stock for net proceeds of approximately $345 million. As of June 30, 2026, the Company had a total of 9,914,031 shares available for settlement under forward sale agreements, representing anticipated net proceeds totaling approximately $691 million. Senior Unsecured Notes – Subsequent to Quarter End

As previously announced, on July 2, 2026, the Company completed an underwritten public offering of $350 million aggregate principal amount of 5.200% Senior Notes due September 15, 2036. The Company is scheduled to use the offering proceeds on July 29, 2026 to prepay the $350 million of 4.250% Senior Unsecured Notes due October 2026, with no associated prepayment costs. *     *     *     *     *

Supplemental Information

The Company has provided supplemental unaudited financial and operating information regarding the 2026 second quarter and certain prior quarters, including a description of non-GAAP financial measures and reconciliations to GAAP measures, in a Current Report on Form 8-K filed with the Securities and Exchange Commission (SEC) on July 28, 2026, and made available on the Company's website at ir.wpcarey.com/investor-relations.

*     *     *     *     *

Live Conference Call and Audio Webcast Scheduled for Wednesday, July 29, 2026 at 11:00 a.m. Eastern Time 
Please dial in at least 10 minutes prior to the start time.

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)

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 1,748 net lease properties covering approximately 188 million square feet as of June 30, 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 

*     *     *     *     *

Cautionary Statement Concerning Forward-Looking Statements

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. These forward-looking statements include, but are not limited to, statements made by Mr. Jason Fox regarding future acquisition opportunities, outlook for potential rent loss, anticipated benefits from CPI-linked rent escalations and expectations for both full-year 2026 investment volume and AFFO per share. These statements are based on the current expectations of our management, and it is important to note that our 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, 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] 

Press Contact:
Amanda Woodward
1 (212) 492-1171
[email protected] 

*     *     *     *     *

W. P. CAREY INC.

Consolidated Balance Sheets (Unaudited)

(in thousands, except share and per share amounts)

June 30, 2026

December 31, 2025

Assets

Investments in real estate:

Land, buildings and improvements — net lease and other

$         15,222,867

$           14,451,306

Land, buildings and improvements — operating properties

181,694

286,079

Net investments in finance leases and loans receivable

1,174,274

1,171,886

In-place lease intangible assets and other

2,581,342

2,466,199

Above-market rent intangible assets

653,281

668,707

Investments in real estate

19,813,458

19,044,177

Accumulated depreciation and amortization (a)

(3,656,944)

(3,578,330)

Assets held for sale, net

10,441

3,327

Net investments in real estate

16,166,955

15,469,174

Equity method investments

279,503

310,178

Cash and cash equivalents

163,538

155,329

Other assets, net

1,042,026

1,068,480

Goodwill

982,611

987,071

Total assets

$         18,634,633

$           17,990,232

Liabilities and Equity

Debt:

Senior unsecured notes, net

$           7,376,851

$             6,950,261

Unsecured term loans, net

1,164,524

1,196,366

Unsecured revolving credit facility

116,230

435,417

Non-recourse mortgages, net

194,246

140,646

Debt, net

8,851,851

8,722,690

Accounts payable, accrued expenses and other liabilities

621,068

670,038

Below-market rent and other intangible liabilities, net

97,192

104,055

Deferred income taxes

157,117

151,820

Dividends payable

218,789

207,487

Total liabilities

9,946,017

9,856,090

Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued

—

—

Common stock, $0.001 par value, 450,000,000 shares authorized; 227,807,251 and 219,145,876
  shares, respectively, issued and outstanding

228

219

Additional paid-in capital

12,418,948

11,830,737

Distributions in excess of accumulated earnings

(3,605,214)

(3,539,592)

Deferred compensation obligation

100,172

80,239

Accumulated other comprehensive loss

(241,737)

(253,346)

Total stockholders' equity

8,672,397

8,118,257

Noncontrolling interests

16,219

15,885

Total equity

8,688,616

8,134,142

Total liabilities and equity

$         18,634,633

$           17,990,232

________

(a)

Includes $2.2 billion and $2.1 billion of accumulated depreciation on buildings and improvements as of June 30, 2026 and December 31, 2025, respectively, and $1.5 billion of accumulated amortization on lease intangibles as of both June 30, 2026 and December 31, 2025.

W. P. CAREY INC.

Quarterly Consolidated Statements of Income (Unaudited)

(in thousands, except share and per share amounts)

Three Months Ended

June 30, 2026

March 31, 2026

June 30, 2025

Revenues

Real Estate:

  Lease revenues

$            409,661

$            402,831

$            364,195

  Income from finance leases and loans receivable

27,162

27,686

20,276

  Operating property revenues

11,638

12,050

34,287

  Other lease-related income

11,209

10,452

9,643

459,670

453,019

428,401

Investment Management:

  Other advisory income and reimbursements

1,000

1,000

1,072

  Asset management revenue

394

490

1,304

1,394

1,490

2,376

461,064

454,509

430,777

Operating Expenses

Depreciation and amortization

134,378

136,183

120,595

Impairment charges — real estate

79,421

40,008

4,349

General and administrative

25,934

27,348

24,150

Reimbursable tenant costs

19,472

19,692

17,718

Property expenses, excluding reimbursable tenant costs

15,206

14,552

13,623

Stock-based compensation expense

13,909

7,441

10,943

Operating property expenses

8,603

8,694

16,721

Merger and other expenses

613

1,180

192

297,536

255,098

208,291

Other Income and Expenses

Interest expense

(78,979)

(78,460)

(71,795)

Earnings from equity method investments (a)

55,579

4,543

6,161

Other gains and (losses) (b)

48,558

6,791

(148,768)

Gain on sale of real estate, net

5,819

54,141

52,824

Non-operating income (c)

4,245

4,704

3,495

35,222

(8,281)

(158,083)

Income before income taxes

198,750

191,130

64,403

Provision for income taxes

(13,091)

(14,634)

(13,091)

Net Income

185,659

176,496

51,312

Net income attributable to noncontrolling interests

(270)

(194)

(92)

Net Income Attributable to W. P. Carey

$            185,389

$            176,302

$              51,220

Basic Earnings Per Share

$                  0.82

$                  0.80

$                  0.23

Diluted Earnings Per Share

$                  0.82

$                  0.80

$                  0.23

Weighted-Average Shares Outstanding

Basic

225,971,719

220,620,496

220,569,259

Diluted

227,215,203

221,618,296

220,874,935

Dividends Declared Per Share

$               0.940

$               0.930

$               0.900

__________

(a)

Amount for the three months ended June 30, 2026 includes our $49.9 million proportionate share of a gain recognized on the sale of a portfolio by a jointly owned investment.

(b)

Amount for the three months ended June 30, 2026 primarily comprises a mark-to-market unrealized gain for our investment in shares of Lineage of $41.6 million, net gains on foreign currency exchange rate movements of $10.8 million and a non-cash allowance for credit losses of $6.4 million.

(c)

Amount for the three months ended June 30, 2026 comprises a dividend of $2.9 million from our investment in shares of Lineage, interest income on deposits of $0.8 million and realized gains on foreign currency exchange derivatives of $0.5 million.

W. P. CAREY INC.

Year-to-Date Consolidated Statements of Income (Unaudited)

(in thousands, except share and per share amounts)

Six Months Ended June 30,

2026

2025

Revenues

Real Estate:

  Lease revenues

$            812,492

$            717,963

  Income from finance leases and loans receivable

54,848

37,734

  Operating property revenues

23,688

67,381

  Other lease-related income

21,661

12,764

912,689

835,842

Investment Management:

  Other advisory income and reimbursements

2,000

2,139

  Asset management and other revenue

884

2,654

2,884

4,793

915,573

840,635

Operating Expenses

Depreciation and amortization

270,561

250,202

Impairment charges — real estate

119,429

11,203

General and administrative

53,282

51,117

Reimbursable tenant costs

39,164

34,810

Property expenses, excluding reimbursable tenant costs

29,758

25,329

Stock-based compensation expense

21,350

20,091

Operating property expenses

17,297

33,265

Merger and other expenses

1,793

748

552,634

426,765

Other Income and Expenses

Interest expense

(157,439)

(140,599)

Earnings from equity method investments

60,122

11,539

Gain on sale of real estate, net

59,960

96,601

Other gains and (losses)

55,349

(190,965)

Non-operating income

8,949

11,405

26,941

(212,019)

Income before income taxes

389,880

201,851

Provision for income taxes

(27,725)

(24,723)

Net Income

362,155

177,128

Net income attributable to noncontrolling interests

(464)

(84)

Net Income Attributable to W. P. Carey

$           361,691

$           177,044

Basic Earnings Per Share

$                1.62

$                0.80

Diluted Earnings Per Share

$                1.61

$                0.80

Weighted-Average Shares Outstanding

Basic

223,310,890

220,485,859

Diluted

224,609,380

220,913,225

Dividends Declared Per Share

$              1.870

$              1.790

W. P. CAREY INC.

Quarterly Reconciliation of Net Income to Adjusted Funds from Operations (AFFO) (Unaudited)

(in thousands, except share and per share amounts)

Three Months Ended

June 30, 2026

March 31, 2026

June 30, 2025

Net income attributable to W. P. Carey

$            185,389

$            176,302

$             51,220

Adjustments:

  Depreciation and amortization of real property

133,663

135,480

119,930

  Impairment charges — real estate

79,421

40,008

4,349

  Gain on sale of real estate, net

(5,819)

(54,141)

(52,824)

  Proportionate share of adjustments to earnings from equity method investments (a) (b)

(50,133)

2,263

2,231

  Proportionate share of adjustments for noncontrolling interests (c)

(26)

(25)

(82)

Total adjustments

157,106

123,585

73,604

FFO (as defined by NAREIT) Attributable to W. P. Carey (d)

342,495

299,887

124,824

Adjustments:

  Other (gains) and losses (e)

(48,558)

(6,791)

148,768

  Straight-line and other leasing and financing adjustments

(15,459)

(24,178)

(15,374)

  Stock-based compensation

13,909

7,441

10,943

  Amortization of deferred financing costs

5,292

5,139

4,628

  Above- and below-market rent intangible lease amortization, net

3,706

2,498

5,061

  Tax expense – deferred and other

2,617

2,727

2,820

  Merger and other expenses

613

1,180

192

  Other amortization and non-cash items

548

593

579

  Proportionate share of adjustments to earnings from equity method investments (a)

303

213

309

  Proportionate share of adjustments for noncontrolling interests (b)

(22)

(52)

(80)

Total adjustments

(37,051)

(11,230)

157,846

AFFO Attributable to W. P. Carey (d)

$            305,444

$            288,657

$            282,670

Summary

FFO (as defined by NAREIT) attributable to W. P. Carey (d)

$            342,495

$            299,887

$            124,824

FFO (as defined by NAREIT) attributable to W. P. Carey per diluted share (d)

$                  1.51

$                  1.35

$                  0.57

AFFO attributable to W. P. Carey (d)

$            305,444

$            288,657

$            282,670

AFFO attributable to W. P. Carey per diluted share (d)

$                  1.34

$                  1.30

$                  1.28

Diluted weighted-average shares outstanding

227,215,203

221,618,296

220,874,935

W. P. CAREY INC.

Year-to-Date Reconciliation of Net Income to Adjusted Funds from Operations (AFFO) (Unaudited)

(in thousands, except share and per share amounts)

Six Months Ended June 30,

2026

2025

Net income attributable to W. P. Carey

$            361,691

$            177,044

Adjustments:

  Depreciation and amortization of real property

269,143

248,867

  Impairment charges — real estate

119,429

11,203

  Gain on sale of real estate, net

(59,960)

(96,601)

  Proportionate share of adjustments to earnings from equity method investments (a)

(47,870)

3,874

  Proportionate share of adjustments for noncontrolling interests (c)

(51)

(160)

Total adjustments

280,691

167,183

FFO (as defined by NAREIT) Attributable to W. P. Carey (d)

642,382

344,227

Adjustments:

  Other (gains) and losses

(55,349)

190,965

  Straight-line and other leasing and financing adjustments

(39,637)

(34,407)

  Stock-based compensation

21,350

20,091

  Amortization of deferred financing costs

10,431

9,410

  Above- and below-market rent intangible lease amortization, net

6,204

6,184

  Tax expense – deferred and other

5,344

2,038

  Merger and other expenses

1,793

748

  Other amortization and non-cash items

1,141

1,139

  Proportionate share of adjustments to earnings from equity method investments (a)

516

223

  Proportionate share of adjustments for noncontrolling interests (b)

(74)

(128)

Total adjustments

(48,281)

196,263

AFFO Attributable to W. P. Carey (d)

$            594,101

$            540,490

Summary

FFO (as defined by NAREIT) attributable to W. P. Carey (d)

$            642,382

$            344,227

FFO (as defined by NAREIT) attributable to W. P. Carey per diluted share (d)

$                  2.86

$                  1.56

AFFO attributable to W. P. Carey (d)

$            594,101

$            540,490

AFFO attributable to W. P. Carey per diluted share (d)

$                  2.65

$                  2.45

Diluted weighted-average shares outstanding

224,609,380

220,913,225

__________

(a)

Equity income, including amounts that are not typically recognized for FFO and AFFO, is recognized within Earnings from equity method investments on the consolidated statements of income. This represents adjustments to equity income to reflect FFO and AFFO on a pro rata basis.

(b)

Amount for the three months ended June 30, 2026 includes our $49.9 million proportionate share of a gain recognized on the sale of a portfolio by a jointly owned investment.

(c)

Adjustments disclosed elsewhere in this reconciliation are on a consolidated basis. This adjustment reflects our FFO or AFFO on a pro rata basis.

(d)

FFO and AFFO are non-GAAP measures. See below for a description of FFO and AFFO.

(e)

Amount for the three months ended June 30, 2026 primarily comprises a mark-to-market unrealized gain for our investment in shares of Lineage of $41.6 million, net gains on foreign currency exchange rate movements of $10.8 million and a non-cash allowance for credit losses of $6.4 million.

Non-GAAP Financial Disclosure

Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)

Due to certain unique operating characteristics of real estate companies, as discussed below, the National Association of Real Estate Investment Trusts (NAREIT), an industry trade group, has promulgated a non-GAAP measure known as FFO, which we believe to be an appropriate supplemental measure, when used in addition to and in conjunction with results presented in accordance with GAAP, to reflect the operating performance of a REIT. The use of FFO is recommended by the REIT industry as a supplemental non-GAAP measure. FFO is not equivalent to, nor a substitute for, net income or loss as determined under GAAP.

We define FFO, a non-GAAP measure, consistent with the standards established by the White Paper on FFO approved by the Board of Governors of NAREIT, as restated in December 2018. The White Paper defines FFO as net income or loss computed in accordance with GAAP, excluding gains or losses from the sale of certain real estate, impairment charges on real estate or other assets incidental to the company's main business, gains or losses on changes in control of interests in real estate and depreciation and amortization from real estate assets; and after adjustments for unconsolidated partnerships and jointly owned investments. Adjustments for unconsolidated partnerships and jointly owned investments are calculated to reflect FFO on the same basis.

We also modify the NAREIT computation of FFO to adjust GAAP net income for certain non-cash charges, such as amortization of real estate-related intangibles, deferred income tax benefits and expenses, straight-line rent and related reserves, other non-cash rent adjustments, non-cash allowance for credit losses on loans receivable and finance leases, stock-based compensation, non-cash environmental accretion expense, amortization of discounts and premiums on debt and amortization of deferred financing costs. Our assessment of our operations is focused on long-term sustainability and not on such non-cash items, which may cause short-term fluctuations in net income but have no impact on cash flows. Additionally, we exclude non-core income and expenses, such as gains or losses from extinguishment of debt, gains or losses on the mark-to-market fair value of equity securities, merger and acquisition expenses, spin-off expenses, and income and expenses associated with our captive insurance company. We also exclude realized and unrealized gains/losses on foreign currency exchange rate movements (other than those realized on the settlement of foreign currency derivatives), which are not considered fundamental attributes of our business plan and do not affect our overall long-term operating performance. We refer to our modified definition of FFO as AFFO. We exclude these items from GAAP net income to arrive at AFFO because they are not the primary drivers in our decision-making process and excluding these items provides investors with a view of our portfolio performance over time and makes it more comparable to other REITs. AFFO also reflects adjustments for unconsolidated partnerships and jointly owned investments. We use AFFO as one measure of our operating performance when we formulate corporate goals, evaluate the effectiveness of our strategies and determine executive compensation.

We believe that AFFO is a useful supplemental measure for investors to consider because we believe it will help them better assess the sustainability of our operating performance without the potentially distorting impact of these short-term fluctuations. However, there are limits on the usefulness of AFFO to investors. For example, impairment charges and unrealized foreign currency exchange rate losses that we exclude may become actual realized losses upon the ultimate disposition of the properties in the form of lower cash proceeds or other considerations. We use our FFO and AFFO measures as supplemental financial measures of operating performance. We do not use our FFO and AFFO measures as, nor should they be considered to be, alternatives to net income computed under GAAP, alternatives to net cash provided by operating activities computed under GAAP, or indicators of our ability to fund our cash needs.

SOURCE W. P. Carey Inc.

W.P. Carey benefits from stable triple-net leases, strong occupancy and disciplined investments, but debt, competition and tenant risks remain challenges.

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]

Press Contact:
Amanda Woodward
1 (212) 492-1171
[email protected]

SOURCE W. P. Carey Inc.

, /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]

Press Contact:
Amanda Woodward
212-492-1171
[email protected]

SOURCE W. P. Carey Inc.

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.

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 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.

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]

Press Contact:
Amanda Woodward
1 (212) 492-1171
[email protected]

SOURCE W. P. Carey Inc.

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.

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.

Cautionary Note Regarding Forward-Looking Statements

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.

More News From Ono Pharmaceutical Co., Ltd.

W. P. Carey Inc. (WPC) Presents at Nareit REITweek: 2026 Investor Conference Transcript

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]

Press Contact:
Amanda Woodward
1 (212) 492-1171
[email protected]

SOURCE W. P. Carey Inc.

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