W. P. Carey Reports Q3 Results, Raises Guidance and Dividend, and Completes Self-Storage Exit

W. P. Carey reported third-quarter revenue of $468.3 million, up 8.6%, and AFFO per share of $1.33, up 6.4%. The company raised its 2026 AFFO guidance to $5.23–$5.29 per share and increased its quarterly dividend to $0.95. It sold 33 properties for $259.2 million, completing its exit from self-storage, and refinanced $350 million of debt with 5.2% senior notes due 2036 to prepay existing 4.25% notes. Citigroup maintained a Neutral rating and cut its price target from $75 to $67.