W.P. Carey doubles acquisition pace, exits self-storage, raises $1.7B in debt and equity

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 30, 2025 · ~2 min read

Key Changes

• high

  Acquisition volume nearly doubled to $517M in Q1 2026 from $275M in Q1 2025, driving 13% growth in annualized base rent to $1.58B and 12% AFFO growth to $289M. Portfolio now includes 1,703 net-leased properties.

  MD&A: Investment Activity verify on EDGAR →
• high

  Company raised €1.0B in senior notes (3.25% due 2031, 3.75% due 2035) and $497M via equity forwards in Q1 2026, providing capital for acquisitions while refinancing at higher rates than the 2.25% notes repaid.

  MD&A: Capital Markets Activity verify on EDGAR →
• high

  Completed exit from self-storage operations by selling all 11 remaining properties for $73M, reducing operating properties to five from 84 year-over-year. Operating property revenues fell $21M as business simplifies to net-lease focus.

  MD&A: Dispositions verify on EDGAR →