W.P. Carey reported second-quarter 2026 adjusted funds from operations of $1.34 per share, beating the Zacks Consensus Estimate by 2.3% and rising 4.7% from a year ago. Lease revenues increased 12.5% to $409.66 million, driven by net investment activity that reached $706.5 million in the quarter and $1.3 billion year-to-date. The net-lease portfolio of 1,748 properties remained 98.5% occupied with a weighted-average remaining lease term of 12.2 years. Management raised its full-year 2026 AFFO guidance to a range of $5.19 to $5.27 per share, up from $5.16 to $5.26, and increased its investment-volume assumption to $1.7 billion to $2.1 billion. The company ended the quarter with $2.74 billion in liquidity and a net debt to annualized adjusted EBITDA ratio of 5.5 times.
W P Carey Incbeat Q2 AFFO estimates and raised full-year guidance
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