W. P. Carey Inc. (NYSE: WPC) reported its financial results for the third quarter ended September 30, 2026, and updated its full-year guidance. The company reported net income attributable to W. P. Carey of $141.0 million for the quarter, unchanged from the prior year period. Diluted earnings per share were reported at $0.61.
Adjusted Funds from Operations (AFFO) for the third quarter totaled $308.2 million, or $1.33 per diluted share. This represents a 6.4% increase from the $1.25 per diluted share reported in the 2025 third quarter. The company declared a quarterly cash dividend of $0.950 per share, an increase of 4.4% compared to the prior year, with a record date of September 30, 2026.
In terms of portfolio performance, the company completed investment volume of $181.9 million during the third quarter and $1.6 billion year-to-date. Contractual same-store rent growth was 2.6% year-over-year. The company’s net lease portfolio consisted of 1,755 properties covering approximately 189 million square feet as of September 30, 2026.
W. P. Carey updated its 2026 AFFO guidance range to between $5.23 and $5.29 per diluted share, narrowing the prior range of $5.19 to $5.27. The company also raised the low end of its full-year investment volume assumption to between $1.8 billion and $2.1 billion.
On the balance sheet, the company settled a portion of its forward sale agreements during the third quarter for net proceeds of approximately $150 million. As of September 30, 2026, approximately $538 million of equity remained available for settlement under these agreements. Additionally, the company issued $350 million of 5.200% Senior Unsecured Notes due 2036, using the proceeds to prepay $350 million of 4.250% Senior Unsecured Notes due October 2026.
