WPC · W. P. Carey Inc.

W. P. Carey Inc. announced year-to-date investment volume of approximately $1.1 billion, including $400 million completed since its first quarter 2026 earnings release on April 28, 2026. The key transaction was the May 8, 2026 closing of a sale-leaseback of a 43-property manufacturing portfolio with GardenCore, a leading U.S. manufacturer of lawn and garden consumables. The portfolio is located across 24 states and is triple-net master leased for 20 years with fixed annual rent escalations. GardenCore became one of W. P. Carey's top 10 largest tenants by annualized base rent. The company also provided an investment volume outlook of approximately $1.5 billion for the remainder of 2026, based on completed volume, scheduled capital commitments, and its pipeline. This disclosure is significant as it demonstrates strong investment activity and pipeline visibility, reinforcing the company's growth trajectory in the net lease REIT sector.