W. P. Carey Inc. reported significant financial performance improvements in its latest 10-Q filing for the quarter ending June 30, 2026. The company achieved total revenues of $461.1 million for the quarter, a 7% increase from $430.8 million in the same period last year. For the first half of 2026, revenues rose to $915.6 million, up from $840.6 million in the prior year. Net income attributable to W. P. Carey surged to $185.4 million for the second quarter, compared to $51.2 million in the same quarter of 2025, and reached $361.7 million for the first half, up from $177.0 million year-over-year. The basic earnings per share also increased to $0.82 from $0.23 in the previous year.
The company noted several strategic developments during the reporting period, including the acquisition of 15 properties totaling approximately $1.3 billion and the completion of four construction projects valued at $66.4 million. W. P. Carey also disposed of 28 properties for total proceeds of $232.7 million, including the sale of its remaining self-storage operating properties. The company’s portfolio now consists of 1,748 properties, with a weighted-average lease term of 12.2 years and an occupancy rate of 98.5%.
Operationally, W. P. Carey reported an increase in its net investments in real estate, which rose to $16.2 billion from $15.5 billion at the end of 2025. The company’s cash and cash equivalents stood at $163.5 million, with an additional $1.9 billion available under its Unsecured Revolving Credit Facility. The total assets of the company increased to $18.6 billion, up from $18.0 billion at the end of the previous fiscal year. The company also reported a decrease in its employee headcount, reflecting ongoing adjustments in its operational strategy.
The filing highlighted the impact of market conditions on the company’s financials, including higher interest expenses due to increased borrowing costs and the effects of foreign currency fluctuations. The company’s interest expense for the second quarter rose to $79.0 million, compared to $71.8 million in the same quarter of 2025. Despite these challenges, W. P. Carey remains optimistic about its future, citing a strong pipeline of investment opportunities and a commitment to maintaining its REIT status, which allows it to avoid federal income taxes on distributed earnings.
Looking ahead, W. P. Carey anticipates continued growth driven by its strategic acquisitions and operational efficiencies. The company plans to leverage its strong liquidity position to fund future investments and manage its debt obligations effectively. The management expressed confidence in the company’s ability to navigate the evolving economic landscape while delivering value to its shareholders.
About W. P. Carey Inc.
W. P. Carey Inc. is a diversified real estate investment trust (REIT) specializing in owning and managing long-term, net-leased commercial properties across the U.S. and Europe. Its portfolio includes industrial, retail, self-storage, hotel, and student housing assets leased to creditworthy tenants. The company focuses on stable cash flow generation, portfolio diversification, and active asset management within a conservative capital structure.
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