Quarterly ResultApr 29, 2026, 04:33 PM
WPC Q1 Net Income +40% to $176.3M; EPS $0.80; $492.3M Acquisitions
AI Summary
W. P. Carey Inc. reported strong first-quarter 2026 results, with net income attributable to the company increasing 40.12% to $176.3 million and diluted EPS rising to $0.80. Total revenues grew 10.89% to $454.5 million, primarily driven by a 13.87% increase in lease revenues. The company actively managed its portfolio, acquiring 26 properties for $492.3 million and divesting 17 properties, including all 11 remaining self-storage operating properties.
Key Highlights
- Net Income Attributable to W. P. Carey increased 40.12% to $176.3 million.
- Diluted Earnings Per Share rose 40.35% to $0.80.
- Total Revenues grew 10.89% to $454.5 million.
- Lease revenues increased 13.87% to $402.8 million.
- Acquired 26 properties for $492.3 million during Q1 2026.
- Sold 17 properties, including 11 self-storage operating properties, during Q1 2026.
- Declared dividends of $0.930 per share for Q1 2026.
- Net cash provided by operating activities increased to $283.2 million.
Price Impact
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