W. P. Carey Inc. director Rhonda Gass received an award of 469 common shares on October 1, 2026, at a reported price of $63.83 per share. The shares were granted in lieu of director fees under the Non-Employee Director Stock Election Plan, pursuant to her election, and will be paid at the end of her selected deferral period. Her reported post-transaction holdings were 15,437.473 shares, including 150.195 dividend equivalent rights.
W. P. Carey Inc. (WPC) furnished an update on 2026 investment activity and tenant credit-related rent loss. The company reports visibility into more than $1.9 billion of investment volume for full-year 2026, including roughly $1.4 billion of investments completed year to date, plus pipeline transactions and capital projects expected to close or deliver in 2026.
Tenant credit risk tied to German retailer Hellweg has eased. W. P. Carey received August rent and expects further rent from Hellweg in the second half of 2026, and also expects to benefit from bank guarantees covering up to three months of lease-related damages. The company has binding leases for nine Hellweg stores representing $9.8 million, or 64%, of current Hellweg annualized base rent, with new rent commencing between late 2026 and mid‑2027, and expects overall rent recapture on 11 re‑tenanted stores to be close to 100% of current Hellweg rent.
Management states that, given strong investment activity and the improved Hellweg outlook, AFFO is on track to end 2026 above the midpoint of current guidance. As of June 30, 2026, W. P. Carey’s net lease portfolio comprised 1,748 properties covering about 188 million square feet.
W. P. Carey, a net lease REIT, generated total revenues of $461.1M in the quarter and $915.6M for the first half of 2026. Net income attributable to the company rose to $185.4M for the quarter and $361.7M year‑to‑date, or $0.82 and $1.61 per diluted share, driven by higher lease revenues, gains on investments, and strong equity‑method earnings despite higher real estate impairment charges and interest expense.
At June 30, 2026, the portfolio comprised 1,748 primarily triple‑net‑leased properties totaling about 188 million square feet, 98.5% occupied, with a 12.2‑year weighted‑average lease term, plus four hotels and one student housing property. During the first half, the company acquired 99 properties for $1.30B and completed four construction projects, while selling 14 net‑lease assets and its remaining 11 self‑storage properties as part of capital recycling.
Total assets were $18.63B, supported by $8.69B of equity and $8.85B of net debt. Operating cash flow reached $616.4M for the first half of 2026. Growth and refinancing were funded with $592.0M of forward‑equity proceeds, a new €1.0B senior notes offering, and reduced reliance on the revolving credit facility, which had $116.2M outstanding.
W. P. Carey Inc. reported second quarter 2026 revenues of $461.1 million, net income attributable of $185.4 million and diluted EPS of $0.82. Adjusted funds from operations (AFFO) were $305.4 million, or $1.34 per diluted share, up 4.7% from $1.28 a year earlier.
The company raised and narrowed its 2026 AFFO guidance to $5.19–$5.27 per diluted share, implying 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. Year‑to‑date investment volume reached $1.3 billion, including $706.5 million in the quarter, while dispositions totaled $246.2 million for the first half.
The quarterly cash dividend was $0.940 per share, or $3.76 annualized, representing a 70.6% dividend payout ratio for the six months ended June 30, 2026 and a 5.3% yield at a $71.50 share price. Occupancy on the net‑lease portfolio was 98.5% with a 12.2‑year weighted‑average lease term and contractual same‑store rent growth of 2.6%. Net debt was $8.8 billion, net debt to adjusted EBITDA was 5.5x (5.1x including unsettled forward equity), and total ABR was $1.64 billion.
W. P. Carey Inc. director Talma Stheeman received an annual equity award and had shares withheld for taxes. On July 1, 2026, she was granted 2,824 shares of common stock as restricted shares under the Amended and Restated 2017 Share Incentive Plan, scheduled to vest in full on the anniversary of the grant date. On the same date, 834 shares were withheld upon vesting of a prior restricted stock grant made on July 1, 2025 to satisfy her tax withholding obligation. After these transactions, she directly owned 9,512 common shares. These are compensation- and tax-related entries rather than open-market purchases or sales.
W. P. Carey Inc. director Constantin H. Beier reported routine equity compensation activity. He received an annual award of 2,824 restricted common shares that were granted at no cost under the company’s 2017 share incentive plan and are scheduled to vest in full on the first anniversary of the grant date.
Upon vesting of a prior restricted stock award granted on July 1, 2025, 834 shares were withheld to cover his tax withholding obligation. After these transactions, he directly holds 10,481 shares of W. P. Carey common stock.
W. P. Carey Inc. director Rhonda Gass reported equity awards of common stock as part of her board compensation. She received 423 shares of common stock valued at $70.81 per share as an annual award of restricted shares under the company’s 2017 Share Incentive Plan, scheduled to vest in full on the anniversary of the grant date. She also acquired 2,824 additional shares granted in the form of common stock under the Non-Employee Director Stock Election Plan, in lieu of cash director fees, to be paid at the end of a deferral period she selected. Footnotes note 143.278 dividend equivalent rights tied to deferred shares, each economically equal to one share of common stock, payable at the end of her chosen deferral period.
FLANAGAN ROBERT J reported acquisition or exercise transactions in this Form 4 filing.
W. P. Carey Inc. director Robert J. Flanagan received an equity compensation award of 2,824 shares of common stock. This award was granted at no cash cost to him as an annual grant under the company’s Amended and Restated 2017 Share Incentive Plan.
The restricted shares are scheduled to vest in full on the anniversary of the grant date, after which they will be delivered at the end of the deferral period he selected under the Deferred Compensation Plan for Non-Employee Directors. Following this award, Flanagan beneficially owns 22,756.318 shares, including 294.318 dividend equivalent rights tied to deferred shares.
Farrell Peter reported acquisition or exercise transactions in this Form 4 filing.
W. P. Carey Inc. director Peter Farrell received an annual equity award of 2,824 shares of common stock as a grant under the company’s Amended and Restated 2017 Share Incentive Plan. The award was granted at no cash cost to him and is scheduled to vest in full on the first anniversary of the grant date.
The filing shows that after this grant, Farrell directly holds 28,332.318 shares of W. P. Carey common stock. This total includes 294.318 dividend equivalent rights tied to deferred shares under the company’s Deferred Compensation Plan for Non-Employee Directors, with each right economically equivalent to one share. The transaction is compensation-related rather than an open-market purchase or sale.
Niehaus Christopher reported acquisition or exercise transactions in this Form 4 filing.
W. P. Carey Inc. director Christopher Niehaus received an award of 2,824 shares of common stock as equity compensation. The grant consists of restricted shares that are scheduled to vest in full on the one-year anniversary of the grant date.
The underlying common shares will be delivered at the end of the deferral period Niehaus selected under the company’s Deferred Compensation Plan for Non-Employee Directors. Following this award, he holds a total of 38,034.974 common shares, including 294.318 dividend equivalent rights that mirror the value of one share each.