W. P. Carey sees over $1.9 billion in 2026 investment volume

  • W. P. Carey identified more than $1.9 billion of 2026 investment volume.
  • $1.4 billion of 2026 investment volume was completed year to date.
  • Nine Hellweg stores have binding leases, while five are expected to be sold by year-end.

W. P. Carey Inc. said it currently has visibility into more than $1.9 billion of investment volume for full-year 2026, including approximately $1.4 billion completed year to date, transactions expected to close in 2026 and capital projects scheduled for delivery this year. The company also improved its outlook for 2026 rent loss from tenant credit events, primarily after receiving August rent from Hellweg and expecting additional payments during the second half of 2026. Bank guarantees are expected to cover up to three months of lease-related damages associated with Hellweg. Binding leases have been signed for nine Hellweg stores representing approximately $9.8 million, or 64%, of current Hellweg annualized base rent, with new rent expected to begin between late 2026 and mid-2027. Two additional stores, representing approximately $1.2 million, or 8%, are in final lease negotiations, while five stores representing approximately $4.3 million, or 28%, are expected to be sold by the end of 2026. Overall rent recapture across the 11 stores being re-tenanted is expected to be close to 100% of current Hellweg rent. Chief Executive Officer Jason Fox said investment activity remains strong, with the company positioned to finish the year in the top half of its current investment volume guidance range. W. P. Carey expects AFFO, or adjusted funds from operations, to finish above the midpoint of its current guidance range and plans to update full-year expectations with its third-quarter results.

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