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W.P. Carey Inc. (REIT) 8-K Filings

WPC NYSE

Every 8-K that W.P. Carey Inc. (REIT) (WPC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow WPC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WPC filings page.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

W. P. Carey Inc. completed a public offering of $350 million aggregate principal amount of 5.200% Senior Notes due 2036 on July 2, 2026. The company plans to use the net proceeds to repay $350 million of 4.250% Senior Notes due October 2026 and for other general corporate purposes, including repaying borrowings under its $2.0 billion unsecured revolving credit facility and funding potential future investments.

The new Senior Notes are direct, unsecured and unsubordinated obligations, ranking equally with W. P. Carey’s existing and future unsecured and unsubordinated debt. They bear interest at 5.200% per annum from July 2, 2026, with semi-annual payments each March 15 and September 15, starting March 15, 2027, and mature on September 15, 2036. The notes may be redeemed at a make-whole price, or at 100% of principal plus accrued interest if redeemed on or after June 15, 2036. The indenture includes covenants on unencumbered assets and indebtedness levels, as well as customary merger limitations and events of default.

Rhea-AI Summary

W. P. Carey Inc. is issuing $350 million aggregate principal amount of 5.200% Senior Notes due 2036 in an underwritten public offering. The Notes were priced at 99.015% of principal and are expected to settle on July 2, 2026, subject to customary closing conditions.

The company plans to use the net proceeds to repay $350 million of its 4.250% Senior Notes due October 2026 and for other general corporate purposes, including funding future investments and repaying other debt such as borrowings under its $2.0 billion unsecured revolving credit facility. Interest will be paid semi-annually on March 15 and September 15, beginning March 15, 2027.

Rhea-AI Summary

W. P. Carey Inc. reports that tenant Hellweg Die Profi-Baumärkte has filed for insolvency under self-administration. As of June 16, 2026, W. P. Carey net leased 16 properties to Hellweg with total annualized base rent of about $15.2 million, and Hellweg has paid rent through the end of May 2026.

The company holds bank guarantees covering three months of rent that can be drawn if rent is not paid. It has already signed binding agreements with other home improvement operators to lease eight of the 16 stores, representing annualized base rent of about $7.4 million, with new leases commencing upon any lease termination with Hellweg and including estimated downtime and free rent of three to nine months.

W. P. Carey is negotiating the re-lease or sale of most of the remaining eight stores and is maintaining its 2026 AFFO guidance range of $5.16 to $5.26 per diluted share, which reflects estimated potential rent loss from tenant credit events of $8 million to $12 million, inclusive of unpaid rents, downtime and free rent periods.

Rhea-AI Summary

W. P. Carey Inc. held its 2026 annual stockholder meeting on June 11, 2026. On the March 23, 2026 record date, 219,288,368 shares of common stock were outstanding and entitled to vote.

Stockholders elected all nine director nominees, with each receiving significantly more votes “for” than “against.” They also approved, on a non-binding advisory basis, the compensation of the named executive officers by 143,555,213 votes for and 9,541,402 against, with 2,295,830 abstentions.

In a separate advisory vote on how often to hold future say-on-pay votes, stockholders expressed a preference for annual votes, with 148,581,678 votes cast for a one-year frequency, more than for two- or three-year alternatives. Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for 2026, with 172,777,010 votes for and 12,710,399 against.

Rhea-AI Summary

W. P. Carey Inc. reported year-to-date 2026 investment volume of approximately $1.1 billion, reflecting capital deployed into new net lease real estate deals. This includes about $400 million of investments completed after the company released its first quarter 2026 results on April 28, 2026.

The company highlighted a major sale-leaseback closed on May 8, 2026 with newly branded GardenCore, covering a 43-property manufacturing portfolio across 24 U.S. states. The portfolio is triple-net master leased to GardenCore for 20 years with fixed annual rent escalations, and constitutes all of GardenCore’s owned real estate, contributing a significant share of its revenue.

Based on completed transactions, scheduled capital investments and commitments for the remainder of 2026, and its current pipeline, W. P. Carey stated it has visibility into total 2026 investment volume of approximately $1.5 billion. As of March 31, 2026, its portfolio comprised 1,703 net lease properties totaling about 185 million square feet.

Rhea-AI Summary

W. P. Carey Inc. reported solid first-quarter 2026 growth and raised its full-year outlook. Revenues including reimbursable costs reached $454.5 million, up 10.9% from $409.9 million a year earlier, driven mainly by net investment activity and rent escalations. Net income attributable to W. P. Carey was $176.3 million, or $0.80 per diluted share, up 40.1% from $125.8 million, helped by higher gains on foreign debt remeasurement, lower credit loss allowances and gains on real estate sales. AFFO was $288.7 million, or $1.30 per diluted share, an 11.1% increase from $1.17.

The company raised its 2026 AFFO guidance to $5.16–$5.26 per diluted share, supported by expected full-year investment volume of $1.5 billion to $2.0 billion. Year-to-date investment volume totaled $682.0 million, with $585.3 million completed in the quarter and $178.8 million of active capital investments and commitments scheduled for completion in 2026. Dispositions generated $162.6 million of gross proceeds, including $75.2 million from selling the final 11 self-storage operating properties.

Capital structure remained diversified and flexible. The company completed an underwritten equity offering of 6.9 million shares via forward sale agreements for gross proceeds of $496.8 million, settled $247.1 million of forward equity and retained $653.5 million of forward equity capacity. It issued €500 million of 3.250% notes due 2031 and €500 million of 3.750% notes due 2035, and repaid €500 million of 2.250% notes due 2026. At March 31, 2026, net debt was $8.69 billion, net debt to enterprise value was 36.5%, liquidity was $2.84 billion and occupancy on 1,703 net-leased properties was 98.1% with a 12.1-year weighted-average lease term.

Rhea-AI Summary

W. P. Carey Inc. reported that it completed first quarter 2026 investment volume of approximately $580 million, focused on single-tenant warehouse, industrial and retail net lease properties across Europe, Canada and the U.S.

The company highlighted an approximately $210 million sale-leaseback of 14 auto dealerships in Western Canada, net leased to Go Auto, which ranked as its 22nd largest tenant by ABR at the time of investment. It also has capital investments and commitments totaling approximately $170 million scheduled for the remainder of 2026.

On March 11, 2026, W. P. Carey amended its credit agreement, replacing a €215 million term loan with a new CAD$347 million term loan under the same terms. The CAD facility, primarily used to finance the Go Auto investment, bears a floating rate of Term CORRA + 80 basis points, for an all-in rate of approximately 3.1% as of March 30, and also improved revolver pricing by 5 basis points.

Rhea-AI Summary

W. P. Carey Inc. completed a €1.0 billion senior unsecured notes offering, split between €500 million of 3.250% notes due 2031 and €500 million of 3.750% notes due 2035. The company plans to use the proceeds to repay €500 million of 2.250% notes due April 2026 and for general corporate purposes, including repayment of amounts under its $2.0 billion unsecured revolving credit facility and a €215 million term loan due February 2028, and to fund potential future investments.

Separately, under a previously announced equity offering, underwriters fully exercised a 900,000-share option, bringing the total common stock sold to 6,900,000 shares at $71.38 per share to the underwriters, for total gross proceeds of $496.8 million.

Rhea-AI Summary

W. P. Carey Inc. entered into an underwriting and forward sale structure for an underwritten public offering of 6,000,000 shares of common stock at $71.38 per share, for gross proceeds of about $432 million, offered on a forward basis through Bank of America and JPMorgan affiliates.

The underwriters have a 30-day option to purchase up to an additional 900,000 shares. Under forward sale agreements, the company expects to physically settle and issue the shares within roughly 24 months in exchange for cash based on the forward sale price, though it can elect cash or net share settlement.

The company plans to use any net proceeds from settling the forward agreements and any direct share sales to fund potential future investments, repay certain indebtedness, including its unsecured revolving credit facility, and for general corporate purposes.

Rhea-AI Summary

W. P. Carey Inc. has priced an underwritten public offering of €1.0 billion in senior unsecured notes, split between €500 million of 3.250% notes due 2031 and €500 million of 3.750% notes due 2035. The notes carry a weighted-average coupon of 3.500% and weighted-average term of 7.4 years, with settlement expected on February 24, 2026, subject to customary conditions.

The company plans to use the net proceeds to repay all €500 million of its 2.250% senior notes due April 2026 and for general corporate purposes, including funding potential investments and repaying other borrowings such as its $2.0 billion unsecured revolving credit facility and a €215 million unsecured term loan due February 2028.

Rhea-AI Summary

W. P. Carey Inc. reported solid fourth quarter and full‑year 2025 results and issued initial 2026 AFFO guidance. For Q4 2025, net income attributable to W. P. Carey was $148.3 million, or $0.67 per diluted share, and AFFO was $281.1 million, or $1.27 per diluted share, up 5.0% year over year.

For full‑year 2025, net income attributable to W. P. Carey was $466.4 million and AFFO was $1,098.2 million, or $4.97 per diluted share. The company announced 2026 AFFO guidance of $5.13–$5.23 per diluted share, based on anticipated investment volume of $1.25–$1.75 billion. In 2025 it achieved record annual investment volume of $2.1 billion and gross disposition proceeds of $1.5 billion, while contractual same‑store rent grew 2.4%.

Balance sheet metrics as of December 31, 2025 show equity market capitalization of $14.1 billion, net debt of $8.65 billion, enterprise value of $22.75 billion, and net debt to adjusted EBITDA of 5.9x (5.6x including unsettled forward equity). The quarterly cash dividend was $0.920 per share (annualized $3.68), a 4.5% increase year over year, with a 2025 dividend payout ratio of 72.8% of AFFO.

Rhea-AI Summary

W. P. Carey Inc. disclosed that it issued a press release announcing its 2025 full-year investment volume, along with other updates.

The press release is furnished as a Regulation FD disclosure and attached as Exhibit 99.1, meaning it is provided for broad public access but is not treated as being filed for liability purposes or incorporated into other securities law documents.

Rhea-AI Summary

W. P. Carey Inc. reported that director Mark A. Alexander, who served on the company’s Board as well as its Audit and Compensation Committees, has resigned effective December 12, 2025 for personal health reasons. The company states that his resignation is not due to any disagreement with W. P. Carey regarding its operations, policies, or practices. The filing focuses solely on this board change and does not describe any related changes to company strategy or financial results.

Rhea-AI Summary

W. P. Carey Inc. (WPC) furnished an earnings release for the quarter ended September 30, 2025, via an 8‑K.

The company also made available unaudited supplemental financial information at September 30, 2025 and posted its third‑quarter investor presentation on its website. These materials—Exhibits 99.1, 99.2 and 99.3—were furnished under Items 2.02 and 7.01 and are not deemed “filed” under the Exchange Act.

Rhea-AI Summary

W. P. Carey Inc. furnished a current report to share information it released publicly about its recent real estate activity. On September 4, 2025, the company issued a press release describing its year-to-date investment volume and property disposition activity, and this report directs readers to that release for details. The press release is included as Exhibit 99.1 and is incorporated by reference for informational purposes, but is expressly treated as “furnished” rather than “filed” under securities laws, which means it is not subject to certain liability provisions and is not automatically included in other securities offerings documents.