W. P. Carey raises 2026 AFFO guidance to $5.16-$5.26 per share after Q1 results
W. P. Carey reported first quarter 2026 revenues of $454.5 million, up 10.9% from a year earlier, and AFFO of $1.30 per diluted share, up 11.1% from $1.17. The company raised its full-year 2026 AFFO guidance to between $5.16 and $5.26 per diluted share, citing higher expected investment volume of $1.5 billion to $2.0 billion. Net income attributable to W. P. Carey rose 40.1% to $176.3 million, helped by foreign debt remeasurement gains and a lower credit loss allowance, partly offset by higher impairment charges.
Key points
- Revenues, including reimbursable costs, were $454.5 million, up 10.9% from $409.9 million in the first quarter of 2025
- AFFO was $1.30 per diluted share, up 11.1% from $1.17 a year earlier
- 2026 AFFO guidance raised to between $5.16 and $5.26 per diluted share, with investment volume now expected at $1.5 billion to $2.0 billion
- Quarterly cash dividend increased to $0.930 per share, or $3.72 annualized, a 4.5% increase from the first quarter of 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 28, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.