W. P. Carey Inc. (NYSE: WPC) has announced a $1.9 billion investment pipeline for 2026, with $1.4 billion already completed year-to-date. The company is actively re-tenating 11 Hellweg stores, aiming for a 100% rent recapture.
As of June 30, 2026, W. P. Carey's portfolio consists of 1,748 net lease properties covering approximately 188 million square feet. The properties are primarily single-tenant industrial, warehouse, and retail properties located in the U.S. and Europe.
The company is in the process of re-tenating 11 Hellweg stores. Nine stores have executed binding lease agreements, representing approximately $9.8 million (64%) of Hellweg's annual base rent. New rent is expected to commence between late 2026 and mid-2027. Two stores are in final lease negotiations, representing approximately $1.2 million (8%) of Hellweg's annual base rent, with agreements expected by the end of September. Five stores are expected to be sold by the end of 2026, representing approximately $4.3 million (28%) of Hellweg's annual base rent. Bank guarantees are expected to cover up to three months of lease-related damages associated with Hellweg.
Jason Fox, Chief Executive Officer of W. P. Carey, stated, "Investment activity remains strong and we believe we're well positioned to end the year in the top half of our current investment volume guidance range." He also noted, "We're confident that AFFO is on track to end the year above the midpoint of our current guidance range."
