W. P. Carey said it has completed about $1.1 billion of investment volume year to date, including roughly $400 million added since it reported first-quarter results on April 28.
The newly announced volume includes a May 8 sale-leaseback of a 43-property manufacturing portfolio with Gardencore, formerly Oldcastle Lawn & Garden. The portfolio spans 24 states and is under a 20-year triple-net master lease with fixed annual rent escalations. The deal represents all of Gardencore’s owned real estate.
W. P. Carey said Gardencore ranked among its 10 largest tenants by annualized base rent at the time of investment.
Looking ahead, the company said it has visibility into about $1.5 billion of total investment volume for 2026. That figure combines the year-to-date total, scheduled capital investments and commitments for the rest of the year, plus its current pipeline.
As of March 31, 2026, W. P. Carey’s portfolio included 1,703 net lease properties covering about 185 million square feet. The market has reacted to these announcements by moving the company's shares -0.05% to a price of $74.015. Check out the company's full 8-K submission here.
