W. P. Carey Secures CAD$347M Term Loan and Completes $580M Q1 Investments
W. P. Carey completed $580M of Q1 investments, allocating 60% to warehouse and industrial properties and 40% to retail across Europe (45%) and Canada (35%). It arranged a CAD$347M floating-rate term loan at Term CORRA +80bps (3.1% all-in) and funded a $210M sale-leaseback of 14 Go Auto dealerships.
1. Q1 Investment Volume and Pipeline
In the first quarter of 2026, W. P. Carey deployed $580 million across single-tenant net lease properties, allocating 60% to warehouse and industrial assets and 40% to retail. Investments were 45% in Europe, 35% in Canada and 20% in the U.S., including a $210 million sale-leaseback of 14 Go Auto dealerships in Western Canada. The company also has $170 million of committed capital projects scheduled for completion later in 2026.
2. Credit Agreement Amendment and Term Loan
On March 11, W. P. Carey replaced a €215 million term loan with a CAD$347 million facility under identical terms, using the proceeds to finance the Go Auto investment. The floating-rate loan carries Term CORRA +80 basis points (approximately 3.1% all-in), and the amendment also improved the revolving credit pricing grid by 5 basis points at all tiers.