W. P. Carey Inc. reported first quarter 2026 investment volume of $580 million and amended its credit agreement to establish a new Canadian-dollar term loan, positioning the company ahead of its initial annual investment target.
Key takeaways
First quarter 2026 investment volume totaled approximately $580 million, with 60% in warehouse/industrial and 40% in retail properties.
Geographically, 45% of Q1 investment volume was in Europe, 35% in Canada, and the balance in the U.S.
The company completed a $210 million sale-leaseback of 14 auto dealerships in Western Canada with tenant Go Auto.
W. P. Carey amended its credit agreement on March 11, 2026, replacing a €215 million term loan with a CAD$347 million term loan at Term CORRA + 80 bps.
The company has approximately $170 million in capital investments and commitments scheduled for completion during the remainder of 2026.
CEO Jason Fox stated the company is tracking well ahead of its initial target investment pace for the year.