Ahead of market open, W.P. Carey (NYSE: WPC) announced business projections for the fiscal year 2026.
The company is maintaining its adjusted funds from operations (AFFO) target between $5.16 and $5.26 per share. Analysts had anticipated earnings of $5.20 per share.
W.P. Carey expects potential rent losses from tenant credit events to range from $8 million to $12 million, factoring in unpaid rents, downtime, and free rent periods.
The announcement follows news that Hellweg Die Profi-Baumärkte GmbH & Co. KG, a tenant of W.P. Carey, has filed for insolvency under self-administration.
As of June 16, 2026, W.P. Carey had net leased 16 properties to Hellweg, generating approximately $15.2 million in annualized base rent.
 has maintained its 2026 financial projections, targeting adjusted funds from operations between $5.16 and $5.26 per share.){kind=link}