W. P. Carey Announces Pricing of $350 Million of Senior Unsecured Notes
Rhea-AI Summary
W. P. Carey (NYSE: WPC) priced a $350 million underwritten public offering of 5.200% senior unsecured notes due 2036, issued at 99.015% of principal. Interest will be paid semi-annually starting March 15, 2027, with settlement expected July 2, 2026.
The company plans to use net proceeds to repay $350 million of 4.250% senior notes due October 2026 and for general corporate purposes, including potential investments and repayment of other debt. W. P. Carey is a large net lease REIT with 1,703 properties totaling about 185 million square feet as of March 31, 2026.
Positive
- Prices $350 million senior unsecured notes due 2036 at 5.200%
- Uses proceeds to repay $350 million notes due October 2026
- Additional proceeds available for general corporate purposes and investments
Negative
- None.
News Market Reaction – WPC
In the Jun 30 session, WPC declined 2.72%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 11 | Dividend increase | Positive | +1.5% | Board approved another quarterly dividend increase for common shareholders. |
| May 12 | Investment activity update | Positive | +0.9% | Reported $1.1 billion year-to-date investment volume and strong deal pipeline. |
| Apr 28 | Quarterly earnings | Positive | -0.8% | Q1 results beat with raised AFFO guidance and significant investment activity. |
| Apr 07 | Earnings call notice | Neutral | +1.4% | Announced timing of Q1 2026 results release and earnings conference call. |
| Mar 31 | Business update | Positive | +0.1% | Detailed Q1 investment volume, major sale‑leaseback and credit facility changes. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
WPC has generally traded in line with positive operational updates, with one notable divergence on a strong Q1 earnings report.
Key Terms
senior notes financial
aggregate principal amount financial
prospectus supplement regulatory
registration statement regulatory
net lease reits financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Interest on the Notes will be paid semi-annually on March 15 and September 15 of each year, beginning on March 15, 2027. The offering of the Notes is expected to settle on July 2, 2026, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to repay the
Wells Fargo Securities, LLC, RBC Capital Markets, LLC,
A registration statement relating to the Notes has been filed with the Securities and Exchange Commission (the "SEC") and has become effective under the Securities Act of 1933, as amended (the "Securities Act"). The offering is being made by means of a prospectus supplement and prospectus. Before making an investment in the Notes, potential investors should read the prospectus supplement and the accompanying prospectus for more complete information about the Company and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov. Alternatively, potential investors may obtain copies, when available, by contacting: Wells Fargo Securities, LLC toll-free at 1-800-645-3751, RBC Capital Markets, LLC toll-free at 1-866-375-6829 or
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering and the accompanying prospectus.
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in
Forward-Looking Statements
Certain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding: expectations regarding the use of proceeds of this offering and the settlement date. Forward looking statements are generally identified by the use of words such as "may," "will," "should," "would," "will be," "will continue," "will likely result," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "plan," "maintain" or the negative version of these words and other comparable terms. These forward-looking statements include, but are not limited to, statements that are not historical facts.
These statements are based on the current expectations of the Company's management, and it is important to note that the Company's actual results could be materially different from those projected in such forward-looking statements. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties which include, among others, the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises (such as terrorism, military conflict, war or the perception that hostilities may be imminent), political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our business, financial condition, liquidity, results of operations, and prospects. You should exercise caution in relying on forward-looking statements as they involve known and unknown risks, uncertainties, and other factors that may materially affect our future results, performance, achievements, or transactions. Information on factors that could impact actual results and cause them to differ from what is anticipated in the forward-looking statements contained herein is included in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, as filed with the SEC on April 29, 2026, as well as in the Company's filings with the SEC, including but not limited to those described in Part I, Item 1A. Risk Factors in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 11, 2026. Moreover, because the Company operates in a very competitive and rapidly changing environment, new risks are likely to emerge from time to time. Given these risks and uncertainties, potential investors are cautioned not to place undue reliance on these forward-looking statements as a prediction of future results, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.
Institutional Investors:
Peter Sands
212-492-1110
institutionalir@wpcarey.com
Press Contact:
Amanda Woodward
212-492-1171
awoodward@wpcarey.com
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SOURCE W. P. Carey Inc.