REIT WP Carey Q4 net income jumps

W. P. Carey

10/02/2026 21:12

Overview

Net lease REIT's Q4 revenue rose 9.4% yr/yr, driven by investment activity and rent escalations

Q4 net income rose 215.5% yr/yr, due to lower mark-to-market losses and real estate gains

AFFO per share for Q4 increased 5%, reflecting investment activity and rent escalations

Outlook

Company expects 2026 AFFO per diluted share between $5.13 and $5.23

WP Carey anticipates 2026 investment volume between $1.25 bln and $1.75 bln

Company projects disposition volume of $250 mln to $750 mln in 2026

Result Drivers

RECORD INVESTMENT VOLUME - Co completed $625.1 mln in investments during Q4, contributing to record annual investment volume of $2.1 bln

RENT ESCALATIONS - Lease revenues increased due to net investment activity and rent escalations

PROPERTY SALES - Operating property revenues decreased due to sale of 63 self-storage properties and a student housing property

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.67
Q4 Net Income
$148.30 mln
Q4 AFFO
$281.10 mln
Q4 AFFO Per Share
$1.27


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the diversified reits peer group is "buy."

Wall Street's median 12-month price target for W.p. Carey Inc is $70.00, about 2.1% below its February 9 closing price of $71.52

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nPn7Kc511a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)