W. P. Carey Inc. REIT (WPC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to WP Carey's first quarter 2026 earnings conference call. My name is Diego and I will be your operator today. All lines have been placed on mute to prevent any background noise. Please note that today's event is being recorded. After today's prepared remarks, we will be taking questions via the phone line. Instructions on how to do so will be given at the appropriate time. I will now turn the program over to Peter Sands head of investor relations. Mr. Sands, please go ahead. Good morning, everyone, and thank you for joining us for our 2026 first quarter earnings call. Before we begin, I need to remind everyone that some of the statements made on this call are not historic facts and may be deemed forward-looking statements. Factors that could cause actual results to differ materially from WP Carey's expectations are provided in our SEC filings. An online replay of this conference call will be made available in the investor relations section of our website at wpcary.com, where it'll be archived for approximately one year and where you can also find copies of our investor presentations and other related materials. And with that, I'll hand the call over to WP Cary's Chief Executive Officer, Jason Fox. Thanks, Peter. Good morning, everyone. I'm pleased to say we've started the year with continued strong execution across the business, particularly in our investment activity and capital raising, building on the foundation we've established for attractive, sustainable growth. Given our performance to date, we're raising our full year guidance for both investment volume and AFFO per share, reflecting the investments we've completed to date, the strength of our pipeline and a more favorable outlook for estimated rent loss. This morning, I'll briefly recap so...