W.P. Carey beats third-quarter estimates and raises its full-year outlook
W.P. Carey reported third-quarter AFFO and revenue above analyst consensus and lifted the low end of its 2026 investment volume guidance, the company said Tuesday.
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what happened
W.P. Carey raised its full-year AFFO per share guidance, as it had said it would, as investment activity neared record levels, the company said on Tuesday. The net lease REIT now expects $5.23 to $5.29 per share, with a midpoint of $5.26, compared with a consensus of $5.42. Its previous range was $5.19 to $5.27.
Third-quarter AFFO came in at $1.33 per share against a $1.30 consensus, slightly below the $1.34 reported in the second quarter. Revenue reached $467.4 million, above the $459.8 million forecast. The company now sees 2026 investment volume of $1.8 billion to $2.1 billion, up from $1.7 billion to $2.1 billion, and cut the top of its disposition guidance to $450 million from $550 million. The stock rose 0.1% in after-hours trading.
why it matters
Results beat consensus, but management said higher interest rates have added some uncertainty to the transaction market. Investors will watch whether the REIT can reach the upper half of its investment range later in the year.
market impact
W.P. Carey shares and net lease REITs: results above forecasts support the stock
- W.P. Carey shares pressure up — revenue and AFFO beat consensus and the low end of investment guidance rose
tags
instruments
sources
- W.P. Carey Q3 earnings beat as investment activity holds up — Seeking Alpha, 27 October 2026 at 20:39 UTC
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