| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 461.06 | 1.4% | 7.0% |
| Total Income | 461.06 | 1.4% | 7.0% |
| Expenditure | 297.54 | 16.6% | 42.9% |
| PBT | 198.75 | 4.0% | 208.6% |
| Net Profit | 185.39 | 5.2% | 261.9% |
| OPM | — | ||
| NPM | 40.21% | 1.42pp | 28.32pp |
| EPS | — |
W. P. Carey Announces Second Quarter 2026 Financial Results
29 Jul 2026 · 29 Jul, 1:43 am
Summary
W. P. Carey Inc. reported strong financial results for the second quarter of 2026, with net income attributable to the Company at $185.4 million and diluted earnings per share of $0.82. Adjusted Funds from Operations (AFFO) per diluted share increased by 4.7% year-over-year to $1.34. The company raised its full-year 2026 AFFO guidance to a range of $5.19 to $5.27 per diluted share, reflecting an anticipated 5.2% year-over-year growth at the midpoint, and increased its full-year investment volume assumption to between $1.7 billion and $2.1 billion. Management highlighted continued momentum from the previous year, compelling acquisition opportunities, and a favorable outlook for rent growth.
Key Highlights
- 1
W. P. Carey reported net income attributable to the Company of $185.4 million for the second quarter of 2026.
- 2
Diluted earnings per share were $0.82 for the second quarter of 2026.
- 3
AFFO per diluted share for the second quarter of 2026 was $1.34, an increase of 4.7% compared to the prior year.
- 4
The Company raised and narrowed its 2026 AFFO guidance range to between $5.19 and $5.27 per diluted share, implying 5.2% year-over-year growth at the midpoint.
- 5
Full-year investment volume assumption was raised to between $1.7 billion and $2.1 billion.
- 6
Second quarter cash dividend of $0.940 per share was declared, equivalent to an annualized dividend rate of $3.76 per share.
- 7
Contractual same-store rent growth was 2.6% year over year as of June 30, 2026.
Management Comments
Jason Fox
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. 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.
Informational and educational content only. Not investment advice.