W. P. Carey Inc. (NYSE: WPC) completed $580 million in investment volume during the first quarter of 2026, according to a company statement.

Single-tenant warehouse and industrial properties comprised approximately 60% of first quarter investment volume, while retail properties made up 40%. Geographically, 45% of investments were located in Europe and 35% in Canada, with the remainder in the United States.

The quarter's investments included a $210 million sale-leaseback of 14 auto dealerships in Western Canada, concentrated in the Greater Vancouver area with additional locations in Edmonton, Calgary and Winnipeg. The dealerships are net leased to Go Auto, which the company described as the second largest automotive dealership group in Canada and W. P. Carey's 22nd largest tenant by annual base rent.

The real estate investment trust has approximately $170 million in capital investments and commitments scheduled for completion during the remainder of 2026.

On March 11, 2026, W. P. Carey amended its credit agreement, replacing a €215 million term loan with a new CAD$347 million term loan of equivalent notional amount. The Canadian dollar-denominated term loan carries a floating interest rate of Term CORRA plus 80 basis points, resulting in an all-in rate of approximately 3.1% as of March 30. The loan was primarily used to finance the Go Auto investment.

The amendment also improved the company's revolver pricing grid by 5 basis points at all levels.

"Given the deals we've closed to date, capital projects scheduled to deliver in 2026 and current strength of our pipeline, I'm pleased to say we're tracking well ahead of our initial target investment pace for the year," said Chief Executive Officer Jason Fox.

W. P. Carey operates 1,682 net lease properties covering approximately 183 million square feet as of December 31, 2025.