W. P. Carey: Rich Investment Spreads, Capital Appreciation, And Inflation-Beating Dividends

W. P. Carey projects FY2026 AFFO per share of $5.21 (+4.8% YoY) and investment volumes of $1.75B, driven by high-yield investments and cheap borrowing costs from the EU/Canada. Given their robust long-term investment yields at over 9% and the weighted average interest rate of 3.1%, the REIT may deliver rich investment spreads at over 5% ahead. WPC remains discounted at Price/AFFO of 13.90x, with it triggering the rich dividend yield of 5.14% and the excellent upside potential to my LTPT of $90.30.