W. P. Carey announced Thursday that it will revise its full-year 2026 financial guidance when it reports third-quarter results, citing an improved outlook for tenant credit losses and strong investment volume. The net lease REIT said it has received August rent from Hellweg and expects to collect additional rent from the client during the second half of the year, and it expects to recognize the benefit of bank guarantees covering up to three months of lease-related damages tied to Hellweg. W. P. Carey also said it sees investment volume totaling over $1.9B for 2026, with roughly $1.4B completed year to date. CEO Jason Fox said the progress on Hellweg and better visibility into expected rent from the tenant have improved the company's outlook for rent loss this year, adding that AFFO is on track to end the year above the midpoint of the current guidance range. Shares were 0.31% higher at $70.17 in pre-market trading.
W P Carey IncW. P. Carey will revise 2026 guidance upward on improved Hellweg rent collection and AFFO tracking above the midpoint of guidance.
Hellweg paid August rent and bank guarantees cover up to three months of lease-related damages, improving its credit standing with the landlord.
