W. P. Carey: A Deep Value Net Lease REIT With A 5% Yield

W. P. Carey is executing a strategic pivot from office to industrial properties, driving improved fundamentals and de-risking its balance sheet. WPC delivered 11% year-over-year AFFO per-share growth in Q1'26, with a dividend coverage ratio rising to 140% (+9 PP Y/Y). The REIT raised its AFFO guidance to $5.16–$5.26 per share for 2026, supporting a stable and growing 5% forward dividend yield.