- What Does the PLUS Deal Mean for COLD's Cold Chain Growth in Europe?
May 15, 2026
Americold Realty Trust COLD is deepening its role in European food logistics through a centralized frozen distribution setup for PLUS, the Dutch supermarket cooperative with about 440 stores. Under the arrangement, Americold will handle storage, inventory management, order fulfillment and distribution for PLUS’ frozen product assortment from its Barneveld distribution center in the Netherlands.
The move shows Americold’s efficiency in winning and supporting complex retail work at scale, especially as grocers look to simplify supply chains and improve service consistency. PLUS is moving to a single integrated frozen logistics model with nationwide coverage, and Americold’s Barneveld site gives it a strong operating base for high-throughput, multi-temperature retail distribution.
The agreement also fits with Americold’s wider push to focus on customer service, pricing discipline, cost control and new business wins. In its first-quarter 2026 update, management said industry fundamentals were showing signs of stabilization and highlighted progress on strategic priorities, including a new $1.3 billion joint venture with EQT.
Wrapping-Up
Still, investors should keep the positives in context. Americold’s first-quarter revenues were nearly flat at $629.9 million, while Adjusted FFO fell to 29 cents per share from 34 cents a year earlier. Core EBITDA declined 7.3% to $136.8 million and Global Warehouse same-store NOI fell 3.1%, with pressure from lower volumes, a competitive market, consumer caution and higher energy costs.
Overall, the PLUS relationship strengthens Americold’s European retail story and supports its long-term case as a major cold chain infrastructure operator with more than 220 temperature-controlled warehouses and about 1.4 billion refrigerated cubic feet globally. Still, softer warehouse demand, energy costs, leverage and earnings pressure suggest a Neutral view is reasonable for now, as investors wait for clearer volume recovery.
So far in the year, shares of this Zacks Rank #3 (Hold) company have gained 13.5%, outperforming the industry's rally of 10.7%. COLD’s FFO per share consensus estimate also exhibits upward revisions.Zacks Investment Research
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Stocks to Consider
Some better-ranked stocks from the broader REIT sector are Prologis, Inc. PLD and W. P. Carey Inc. WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Prologis’ second-quarter 2026 FFO per share has been moved a cent northward over the past month to $1.53.
The consensus mark for W. P. Carey’s second-quarter 2026 FFO per share has been revised a cent upward to $1.32 over the past month.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
Story Continues
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- W.P. Carey Expands 2026 Investments to $1.1B on Strong Deal Momentum
May 13, 2026
W.P. Carey WPC announced the completion of $1.1 billion of investments from the start of 2026 through May 12, underscoring strong deal execution and steady capital deployment momentum. The company committed roughly $400 million of investments after reporting first-quarter 2026 results on April 28.
Backed by ongoing investments, committed capital spending for the remainder of 2026 and a healthy acquisition pipeline, WPC now has a visible investment volume of nearly $1.5 billion lined up for the year.
A major highlight was the sale-leaseback acquisition of a 43-property manufacturing portfolio from GardenCore, a leading U.S. producer of lawn and garden consumables. Spanning operations across 24 states, the deal includes a 20-year triple-net master lease with fixed annual rent escalators, offering long-term cash flow visibility. Following the transaction, GardenCore has become one of WPC’s 10 largest tenants based on annualized base rent.
W.P. Carey’s robust investment activity and expanding acquisition pipeline reinforce its growth outlook for 2026. The GardenCore transaction further strengthens the company’s portfolio quality through long-duration, inflation-protected cash flows and deeper exposure to mission-critical industrial assets. With disciplined capital deployment and a healthy pipeline, WPC appears well-positioned to drive stable earnings growth and support long-term shareholder returns.
Over the past six months, shares of this Zacks Rank #2 (Buy) company have risen 10.5% compared with the industry's growth of 9.6%.Zacks Investment Research
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Other Stocks to Consider
Some other top-ranked stocks from the broader REIT sector are Chatham Lodging Trust REIT CLDT, sporting a Zacks Rank #1 (Strong Buy), and Prologis PLD, carrying a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CLDT’s 2026 FFO per share is pegged at $1.27, which indicates year-over-year growth of 24.5%.
The consensus estimate for PLD’s full-year FFO per share is pinned at $6.17, which calls for a 6.2% increase from the year-ago period.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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- W.P. Carey Expands 2026 Investments to $1.1B on Strong Deal Momentum
May 13, 2026 · zacks.com
WPC completes $1.1B in investments through May 12, with a nearly $1.5B visible pipeline supporting 2026 growth and cash flow stability.
- A Look At W. P. Carey (WPC) Valuation After Its Recent Share Price Momentum
May 13, 2026
Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE.
W. P. Carey stock snapshot after recent performance
W. P. Carey (WPC) has drawn fresh attention after a period where its stock logged a 4.3% gain over the past month and 3.4% over the past 3 months, outperforming its 1-day and 7-day moves.
See our latest analysis for W. P. Carey.
The recent 4.3% 1 month share price return and 15.2% year to date share price return sit alongside a 1 year total shareholder return of 31.7%. This suggests momentum has been building as investors reassess W. P. Carey’s income profile and perceived risk.
If you are comparing W. P. Carey with other income and infrastructure linked ideas, it can be useful to widen the lens and see what stands out in 37 power grid technology and infrastructure stocks
With W. P. Carey trading near its analyst price target but flagged with a large intrinsic discount, the key question is simple: is this stock still undervalued, or is the market already pricing in future growth?
Most Popular Narrative: 10% Undervalued
With W. P. Carey last closing at $74.73 against a narrative fair value of $74.83, analysts see only a modest gap but still model meaningful upside in cash flows over time.
Active balance sheet management, including high spreads (100-150 bps) between disposition and investment cap rates, allows accretive reinvestment from non-core asset sales (e.g., self-storage) into higher-yielding, long-term net lease assets, providing a catalyst for net margin expansion and AFFO growth.
Read the complete narrative.
Curious how a relatively small headline upside can still rest on bolder assumptions for revenue growth, rising margins and a richer future earnings multiple? The most followed narrative joins these moving parts into a single fair value target, built on detailed forecasts that go well beyond the current dividend and lease profile.
Result: Fair Value of $74.83 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this hinges on continued access to attractive reinvestment opportunities and stable tenant credit quality, both of which could shift and challenge the current thesis.
Find out about the key risks to this W. P. Carey narrative.
Next Steps
With both risks and rewards in play, sentiment on W. P. Carey is clearly mixed. It makes sense to move quickly and test the data against your own expectations by weighing up the 3 key rewards and 2 important warning signs
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Looking for more investment ideas?
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include WPC.
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- W. P. Carey Announces Year-to-Date Investment Volume Totaling $1.1 Billion
May 12, 2026
Adds $400 Million of Investment Volume Since Announcing First Quarter Results
NEW YORK, May 12, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced year-to-date investment volume totaling approximately $1.1 billion, including investment volume totaling approximately $400 million completed since the Company reported its first quarter 2026 financial results on April 28, 2026.
GardenCore Sale-leaseback
On May 8, 2026, the Company closed the sale-leaseback of a 43-property manufacturing portfolio with newly branded GardenCore (formerly Oldcastle Lawn & Garden), a leading U.S. manufacturer of lawn and garden consumables, offering a broad portfolio of mulch, soil, stone and lime products. GardenCore has deep, long-standing partnerships with major home improvement retailers and garden centers, and delivers consistent, high-quality execution across large-scale private label and branded programs.
Located in 24 states across the U.S., the portfolio is triple-net master leased for a term of 20 years with fixed annual rent escalations. It represents the entirety of GardenCore's owned real estate, contributing a significant portion of its overall revenue. Pacific Avenue Capital Partners, a leading private equity firm, recently acquired GardenCore as part of a corporate carve-out from CRH's packaged mulch, soil and stone business.
At the time of investment, GardenCore ranked among W. P. Carey's top 10 largest tenants by annualized base rent (ABR).
Investment Volume Outlook
Based on the investment volume it has completed year-to-date, the capital investments and commitments it has scheduled to deliver over the remainder of 2026, and its investment pipeline, W. P. Carey currently has visibility into investment volume totaling approximately $1.5 billion.
W. P. Carey Inc.
W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,703 net lease properties covering approximately 185 million square feet as of March 31, 2026. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant industrial, warehouse and retail properties located in the U.S. and Europe, under long-term net leases with built-in rent escalations.
www.wpcarey.com
Certain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. The forward-looking statements include, among other things, statements regarding the intent, belief or expectations of W. P. Carey and can be identified by the use of words such as "may," "will," "should," "would," "will be," "goals," "believe," "project," "expect," "anticipate," "intend," "estimate," "opportunities," "possibility," "strategy," "maintain" or the negative version of these words and other comparable terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Other unknown or unpredictable risks or uncertainties, like the risks related to fluctuating interest rates, the impact of inflation and tariffs on our tenants and us, the effects of pandemics and global outbreaks of contagious diseases, and domestic or geopolitical crises, such as terrorism, military conflict, war or the perception that hostilities may be imminent, political instability or civil unrest, or other conflict, and those additional risk factors discussed in reports that we have filed with the SEC, could also have material adverse effects on our future results, performance or achievements. Discussions of some of these other important factors and assumptions are contained in W. P. Carey's filings with the SEC and are available at the SEC's website at http://www.sec.gov, including Part I, Item 1A. Risk Factors in W. P. Carey's Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication, unless noted otherwise. Except as required under the federal securities laws and the rules and regulations of the SEC, W. P. Carey does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after the date of this communication or to reflect the occurrence of unanticipated events.
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Institutional Investors:
Peter Sands
1 (212) 492-1110
institutionalir@wpcarey.com
Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.com
Press Contact:
Amanda Woodward
1 (212) 492-1171
awoodward@wpcarey.comW. P. Carey Inc. Logo. (PRNewsFoto/W. P. Carey Inc.) (PRNewsfoto/W. P. Carey Inc.)Cision
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- W. P. Carey Announces Year-to-Date Investment Volume Totaling $1.1 Billion
May 12, 2026 · prnewswire.com
Adds $400 Million of Investment Volume Since Announcing First Quarter Results NEW YORK, May 12, 2026 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W.
- W. P. CAREY ANNOUNCES YEAR-TO-DATE INVESTMENT VOLUME TOTALING $1.1 BILLION
May 12, 2026
ADDS $400 MILLION OF INVESTMENT VOLUME SINCE ANNOUNCING FIRST QUARTER RESULTS NEW YORK, MAY 12, 2026 /PRNEWSWIRE/ -- W. P. CAREY INC. (NYSE: WPC) (W.
- Key Reasons to Add W.P. Carey Stock to Your Portfolio Now
May 11, 2026
W.P. Carey WPC is supported by a large, mission-critical net-lease portfolio in the United States and Europe, with most leases carrying contractual rent escalators and a long average term. Portfolio simplification is progressing as the company exits operating self-storage and recycles proceeds into higher-yielding deals, while liquidity remains ample and the dividend continues to edge higher.
Last month, W. P. Carey delivered first-quarter 2026 AFFO per share of $1.30, topping the Zacks Consensus Estimate by 1.6%. The quarter reflected the accretive impact of net investment activity and contractual rent escalations across the net-lease portfolio.
Analysts seem bullish about this Zacks Rank #2 (Buy) company, with the Zacks Consensus Estimate for its 2026 AFFO per share being revised northward marginally over the past week to $5.26.
Over the past six months, WPC shares have gained 10%, outperforming the industry’s growth of 8.8%.Zacks Investment Research
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Factors That Make W.P. Carey Stock a Solid Pick
High-Quality, Mission-Critical Portfolio: W.P. Carey focuses on assets that are mission-critical for tenants and typically structures leases on a long-term, triple-net basis, which shifts most operating costs to the tenant. This model supports steady lease revenues with limited recurring property-level spend. As of March 31, 2026, occupancy stood at 98.1% across 1,703 net-leased properties, reflecting the operational importance of the portfolio to tenants.
Diverse Tenant Base and Contractual Rent Escalators: WPC’s portfolio is diversified by tenant, industry, property type and geography, which helps reduce reliance on any single cash flow stream. As of March 31, 2026, the top 10 tenants represented 18.3% of ABR. The portfolio’s weighted average lease term was 12.1 years, and nearly all ABR carried contractual rent increases, with 49% CPI-linked and 48% fixed increases.
Expansionary Efforts: W.P. Carey has been capitalizing on growth opportunities. From the beginning of the year through April 28, 2026, the company completed $682.0 million of investments. Management raised 2026 investment volume guidance to $1.5-$2.0 billion while keeping disposition guidance at $250-$750 million. Such match-funding efforts indicate the company’s prudent capital management practices and will relieve pressure from its balance sheet, which is encouraging.
Balance Sheet Strength: W.P. Carey has a healthy balance sheet position with ample liquidity. W.P. Carey ended first-quarter 2026 with $2.8 billion of total liquidity. The company’s share of net debt to adjusted EBITDA was 5.7X. It also enjoys investment-grade ratings of BBB+ from S&P Global Ratings and Baa1 from Moody’s, rendering it favorable access to the debt market.
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Steady Dividend Payouts: Solid dividend payouts are arguably the biggest enticement for investment in REIT stocks, and W.P. Carey remains committed to them. In March 2026, the company’s board announced a regular quarterly dividend of 93 cents per share, indicating a 1.1% hike from 92 cents paid a quarter ago. Looking at the company’s operating environment and financial position compared to that of the industry, its current dividend is expected to be sustainable in the upcoming period.
Other Stocks to Consider
Some better-ranked stocks from the REIT sector are Lamar Advertising LAMR and Prologis PLD, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Lamar Advertising’s 2026 FFO per share is pegged at $8.63, up 4.48% year over year.
The consensus estimate for Prologis’ 2026 FFO per share is pegged at $6.17, up 6.20% year over year.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
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- SL Green Realty Stock Up 13% in Three Months: Will the Momentum Last?
May 11, 2026
SL Green Realty SLG shares have risen 13% over the past three months compared with the industry's growth of 4.3%.
The company’s Manhattan-focused portfolio is benefiting from tightening availability in premium office submarkets. Its long-term leases and a diverse tenant base assure stable rental revenues. A focus on an opportunistic investment policy to enhance portfolio quality is encouraging.
Last month, SL Green announced that it secured the asset management assignment to launch leasing at 15 Laight Street, a 109,000-square-foot, newly built boutique office property in Tribeca, NY, owned by Hyundai Motor Group.
Analysts seem bullish on this Zacks Rank #3 (Hold) company, with the Zacks Consensus Estimate for its 2026 FFO per share revised northward by a cent over the past month to $4.65.Zacks Investment Research
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Factors Behind SLG's Stock Price Surge: Will This Trend Last?
SL Green has a mono-market strategy focus, with an enviable footprint in the large and high-barrier-to-entry New York real estate market. Office demand for high-quality space in Manhattan continues to favor landlords with well-located, amenitized assets. In the first quarter of 2026, SL Green signed 51 Manhattan office leases totaling 929,264 square feet, the highest first-quarter volume in its history. Manhattan same-store office leased occupancy also increased to 94.4% as of March 31, 2026, inclusive of leases signed but not yet commenced, up 140 basis points year over year.
The company maintains a diversified tenant base to hedge the risk associated with dependency on single-industry tenants. As of March 31, 2026, no tenant in the company’s portfolio accounted for more than 5% of its share of annualized cash rent, including its share of joint venture annualized cash rent. With long-term leases to tenants with strong credit profiles, the REIT is well-poised to generate stable rental revenues over the long term.
SL Green has been following an opportunistic investment policy to enhance its overall portfolio quality. In February 2026, SL Green and its joint venture partner sold 690 Madison Avenue for $54.5 million, generating $48.5 million of cash proceeds to the company. Over the years, the large-scale suburban asset sale has helped it narrow its focus on the Manhattan market, as well as retain premium and highest-growth assets in the portfolio.
Key Risks for SLG
Competition for tenants still requires meaningful concessions, which can mute net effective rent growth, even as headline rents rise.
SL Green remains highly concentrated in New York City, with the core portfolio anchored in Manhattan office properties. This concentration increases downside risk if the New York office cycle weakens or if leasing momentum slows after the current wave of demand.
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The balance sheet remains levered, keeping earnings exposed to borrowing costs and refinancing conditions. This debt profile can limit financial flexibility if capital markets tighten or if property cash flows soften.
Stocks to Consider
Some better-ranked stocks from the REIT sector are Lamar Advertising LAMR and W.P. Carey WPC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Lamar Advertising’s 2026 FFO per share is pegged at $8.63, up 4.48% year over year.
The consensus estimate for W.P. Carey’s 2026 FFO per share is pegged at $5.26, up 5.84% year over year.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
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- Key Reasons to Add W.P. Carey Stock to Your Portfolio Now
May 11, 2026 · zacks.com
WPC's high-occupancy net-lease portfolio, rent escalators and rising investment activity continue to support steady growth.
