# W. P. Carey Q3 2.026 Earnings Results

> W. P. Carey reports 6.4% year-over-year AFFO growth with $1.33 per share as interest rates rise.
- Title: W. P. Carey Q3 2.026 Earnings Results · The Motley Fool
- Summary: W. P. Carey reports 6.4% year-over-year AFFO growth with $1.33 per share as interest rates rise. W. P. Carey's Q3 2026 earnings show 6.4% AFFO growth to…
- Keywords: w. p. carey, affo, q3 2026, earnings call, interest rates, real estate, net lease, finance, money, Carey, 026, Earnings
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/w-p-carey-wpc-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T18:59:44+00:00
- Read time: 2 min
- Topics: w. p. carey, affo, q3 2026, earnings call, interest rates, real estate, net lease, finance, money
## Q3 Earnings Results
W. P. Carey reported third-quarter results with AFFO per diluted share at $1.33, a 6.4% year-over-year increase.
## Full-Year AFFO Guidance
Full-year AFFO guidance increased to $5.23 to $5.29 per share, representing 5.8% annual growth.
## Investment Volume
Year-to-date investment volume reached $1.6 billion at a weighted average initial cash cap rate of 7.5%.
## Contractual Rent Growth
Contractual same-store rent growth increased 2.6% year over year, tied to inflation and CPI.
## Portfolio Occupancy
Portfolio occupancy rose to 98.6% as of September 30, a 10 basis point increase from the prior quarter.
## Forward Equity
Forward equity available stands at $540 million from approximately 7.6 million shares raised at $73 per share.
## Net Debt to EBITDA
Net debt to adjusted EBITDA ratio is 5.5, or 5.2 including unsettled forward equity.
## Liquidity Position
Total liquidity stands at $2.6 billion, including $2 billion credit facility and cash on hand.
## Quarterly Dividend
Quarterly dividend increased to $0.95 per share, a 4.4% year-over-year rise with 71% payout ratio.
## Full-Year Disposition Guidance
Full-year disposition guidance narrowed to $350 million to $450 million from previous $350 million to $550 million range.
## Rent Abatement Impact
Rent abatement impact expected to be $0.02 to $0.03 per share in fourth quarter due to Nord Anglia lease extension.
## Potential Rent Loss
Potential rent loss estimate reduced to $3 million to $5 million from $7 million to $10 million after successful collections.
## Active Capital Projects
Active capital projects total $325 million across 11 projects, with $95 million scheduled for fourth quarter.
## Re-leasing Spreads
Re-leasing spreads recaptured 105% of prior rents, adding nine years of incremental lease term on 1% of annualized base rent.
## Weighted Average Interest Rate
Weighted average interest rate on total debt is 3.3%, reflecting bond refinancings earlier in the year.
## CEO Outlook
CEO Jason Fox stated the company is well positioned to continue investing if attractive opportunities remain available.
## Key takeaway

W. P. Carey's Q3 2026 earnings show 6.4% AFFO growth to $1.33 per share despite higher interest rates.