W. P. Carey Raises 2026 AFFO Guidance to $5.23-$5.29 and Lifts Dividend 4.4%
WPC is trading near its 52-week low of $62.24 (1.5% above the low).
Summary
W. P. Carey raised and narrowed 2026 AFFO guidance to $5.23-$5.29 per share and increased its quarterly dividend 4.4% to $0.950, on Q3 AFFO of $1.33 per share that grew 6.4% year over year.
Key Events · Earnings and Guidance · WPC
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2026 AFFO Guidance Raised and Narrowed
Full-year AFFO per diluted share guidance moves to $5.23-$5.29 from $5.19-$5.27, implying 5.8% year-over-year growth at the midpoint, driven by a better rent-loss outlook and lower projected tax expense.
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Q3 AFFO Grows 6.4% Year Over Year
Third-quarter AFFO was $308.2 million, or $1.33 per diluted share, versus $1.25 a year earlier; net income attributable to W. P. Carey was $141.0 million, or $0.61 per share, held flat by a $35.8 million non-cash Lineage mark-to-market loss.
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Dividend Raised 4.4% to $0.950
The quarterly cash dividend of $0.950 per share annualizes to $3.80, a 4.4% increase over the 2025 third quarter, paid October 15, 2026 to holders of record September 30, 2026.
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Investment Volume Guidance Low End Lifted
The full-year investment volume assumption was raised by $100 million at the low end to $1.8-$2.1 billion, after $1.6 billion completed year to date including $181.9 million in Q3 and $143.2 million after quarter end.
Analysis · WPC · Real Estate & Construction
W. P. Carey beat its own prior outlook: full-year AFFO per share guidance moves up to $5.23-$5.29 from $5.19-$5.27, implying about 5.8% growth at the midpoint, and the low end of investment volume guidance rose $100 million to $1.8 billion. The board also lifted the quarterly dividend to $0.950, a 4.4% year-over-year increase, backed by Q3 AFFO of $1.33 per share, up 6.4%. The offset is a $35.8 million non-cash mark-to-market loss on the Lineage stake that dragged GAAP net income to $0.61 per share — an accounting swing, not a cash outflow or new dilution. With the stock near its 52-week low, the raised outlook and higher payout are the more relevant facts for holders.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, WPC was trading at $63.16 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $14.5B. The 52-week trading range was $62.24 to $77.22. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.