W.P. Carey (WPC) expects full-year 2026 adjusted funds from operations to exceed the midpoint of its guidance range and improved its outlook for rent losses from tenant credit events, the company said Thursday.

In late July, W. P. Carey said it expected 2026 AFFO in the range of $5.19 to $5.27 per diluted share. Analysts polled by FactSet expect $5.26.

The company said it received August rent from Hellweg and expects to collect additional rent from the tenant during the H2. W. P. Carey also expects to receive bank guarantees covering up to three months of lease-related damages associated with Hellweg, it said.

W. P. Carey said it currently has visibility into more than $1.9 billion of investment volume for the full year, including approximately $1.4 billion completed year to date.

The company said it has executed binding lease agreements for nine Hellweg stores representing around $9.8 million in rent. Two additional stores are in the final stages of lease negotiations for $1.2 million, while five stores are expected to be sold by year-end.

W. P. Carey said it will update its full-year outlook when it reports Q3 results.