AI Earnings Predictions for W. P. Carey Inc. REIT (WPC)

EX-99.1

2 wpc2026q38-kerexh991.htm

EX-99.1

Document

Exhibit 99.1

W. P. Carey Announces Third Quarter 2026 Financial Results

New York, NY – October 27, 2026 – 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 third quarter ended September 30, 2026.

Financial Highlights

2026 Third Quarter

Net income attributable to W. P. Carey (millions)$141.0

Diluted earnings per share$0.61

AFFO (millions)$308.2

AFFO per diluted share$1.33

•Raising and narrowing 2026 AFFO guidance range to between $5.23 and $5.29 per diluted share, implying 5.8% year-over-year growth at the midpoint

•Raising the low end of the range for the full-year investment volume assumption by $100 million, narrowing it to between $1.8 billion and $2.1 billion

•Third quarter cash dividend of $0.950 per share, equivalent to an annualized dividend rate of $3.80 per share

Real Estate Portfolio

•Investment volume of $1.6 billion completed year to date, including $181.9 million during the third quarter and $143.2 million subsequent to quarter end

•Active capital investments and commitments of $95.2 million scheduled to be completed in the 2026 fourth quarter

•Gross disposition proceeds of $273.2 million during the first nine months of 2026, including $27.0 million during the third quarter

•Contractual same-store rent growth of 2.6% year over year

Balance Sheet and Capitalization

•Equity –

◦Settled a portion of outstanding forward sale agreements during the third quarter for net proceeds totaling approximately $150 million

◦At the end of the third quarter approximately $538 million of equity subject to forward sale agreements remained available for settlement

•Debt –

◦Issued $350 million of 5.200% Senior Unsecured Notes due 2036, with proceeds used to prepay $350 million of 4.250% Senior Unsecured Notes due October 2026

W. P. Carey Inc. 9/30/2026 Earnings Release 8-K – 1

MANAGEMENT COMMENTARY

“We’ve executed at a high level over the first nine months, with investment activity near record levels, strong portfolio performance and best-in-class rent growth all supporting our expectation that AFFO per share growth will approach 6% this year,” said Jason Fox, Chief Executive Officer. “Even though sharply higher interest rates have added some uncertainty to the transaction market, we’re confident full-year investment volume will remain well within our guidance range. We’re raising the bottom end of that range and continue to see a path to the top half.

“As we look ahead to next year, we’re encouraged by the repricing we’re starting to see. If that trend continues, we would expect to see increasingly attractive opportunities to put the substantial capital we’ve raised to work. Combined with the strength of our internal growth and current dividend yield, we believe we’re well positioned to continue delivering attractive total returns to our shareholders.”

QUARTERLY FINANCIAL RESULTS

Revenues

•Revenues, including reimbursable costs, for the 2026 third quarter totaled $468.3 million, up 8.6% from $431.3 million for the 2025 third quarter.

◦Lease revenues increased due primarily to 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 third quarter was $141.0 million, unchanged from the 2025 third quarter. A lower gain on sale of real estate was substantially offset by the accretive impact of net investment activity and lower impairment charges.

Adjusted Funds from Operations (AFFO)

•AFFO for the 2026 third quarter was $1.33 per diluted share, up 6.4% from $1.25 per diluted share for the 2025 third quarter, primarily reflecting accretive net investment activity and rent escalations, partly offset by 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 September 18, 2026, the Company reported that its Board of Directors increased its quarterly cash dividend to $0.950 per share, equivalent to an annualized dividend rate of $3.80 per share, representing a 4.4% increase compared to the 2025 third quarter. The dividend was paid on October 15, 2026 to shareholders of record as of September 30, 2026.

W. P. Carey Inc. 9/30/2026 Earnings Release 8-K – 2

AFFO GUIDANCE

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

Updated 2026 GuidancePrior 2026 Guidance

AFFO per diluted share $5.23 – $5.29 $5.19 – $5.27

Investment volume $1.8 – $2.1 billion $1.7 – $2.1 billion

Disposition volume$350 – $450 million$350 – $550 million

General and administrative expenses$104 – $106 million$103

EX-99.1

2 wpc2026q28-kerexh991.htm

EX-99.1

Document

Exhibit 99.1

W. P. Carey Announces Second Quarter 2026 Financial Results

New York, NY – July 28, 2026 – 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

W. P. Carey Inc. 6/30/2026 Earnings Release 8-K – 1

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

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