W. P. Carey Reports Q3 Results, Raises 2026 AFFO Guidance and Dividend
W. P. Carey reported third-quarter revenue of $468.3 million, up 8.6%, and AFFO per share of $1.33, up 6.4%. It raised 2026 AFFO guidance to $5.23–$5.29 and its quarterly dividend to $0.95, and sold 33 properties for $259.2 million to complete its self-storage exit.
W. P. Carey Inc. reported third-quarter revenue of $468.3 million, an 8.6% increase, and AFFO per share of $1.33, up 6.4%.
Following these results, the company raised its 2026 AFFO guidance to a range of $5.23—$5.29 and increased its quarterly dividend to $0.95. As part of its strategic portfolio refinement, the company sold 33 properties for $259.2 million, effectively completing its exit from the self-storage business. Additionally, the company refinanced $350 million of debt by issuing 5.2% senior notes due in 2036 to prepay existing 4.25% notes. Separately, Citigroup maintained a Neutral rating on the stock while lowering its price target from $75 to $67.