W. P. Carey Provides Business Update: Visibility into Over $1.9B in 2026 Investment Volume and Improved AFFO Outlook

Executive Summary

On September 10, 2026, W. P. Carey Inc. ($WPC) filed a Current Report on Form 8-K under Item 7.01 (Regulation FD Disclosure) to furnish a business update regarding investment volume, tenant credit resolutions, and updated full-year guidance expectations.

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Key Disclosures

1. Investment Volume Visibility

• Full-Year 2026 Visibility: Total pipeline and completions exceed $1.9 billion.
• Year-to-Date Progress: Approximately $1.4 billion of investment volume completed to date, alongside active pipeline transactions and capital projects delivering in 2026.
• Management expects to conclude the year in the top half of its investment volume guidance range.

2. Tenant Credit Update (Hellweg Resolution)

• Rent Collections & Guarantees: Improved outlook on credit-related rent loss driven by the receipt of August rent from Hellweg and expected collections through 2H 2026, alongside bank guarantees covering up to 3 months of lease damages.
• Lease Agreements: Binding lease agreements executed for 9 stores representing ~$9.8M (64% of Hellweg ABR), commencing late 2026 to mid-2027.
• Remaining 7 Stores:
  • 2 stores (~$1.2M / 8% of Hellweg ABR) in final lease negotiations, expected to close by end of September 2026.
  • 5 stores (~$4.3M / 28% of Hellweg ABR) slated for disposition by year-end 2026.
• Recapture Rate: Expected overall rent recapture near 100% across the 11 re-tenanted properties.

3. Guidance Positioning

• CEO Jason Fox stated that Adjusted Funds from Operations (AFFO) is currently tracking above the midpoint of the existing full-year 2026 guidance range.
• Formal full-year guidance revisions are scheduled to be released in conjunction with Q3 2026 earnings.