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W.P. Carey Boosts FY22 AFFO Outlook - Update
(RTTNews) - While reporting its financial results for the second quarter on Friday, net lease real estate investment trust W.P. Carey Inc. (WPC) now projects adjusted funds from operations or AFFO guidance for the full-year 2022 in a range of $5.22 to $5.30 per share, including Real Estate AFFO of between $5.13 and $5.21 per share.
Previously, the company expected AFFO in the range of $5.18 to $5.30 per share, including Real Estate AFFO of between $5.03 and $5.15 per share.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.71 per share for the year. Analysts' estimates typically exclude special items.
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W. P. Carey Says President John Park To Step Down Effective September 30, 2024
Net lease REIT W. P. Carey, Inc. (WPC) announced Wednesday that John Park will step down as President of the company effective September 30, 2024. He has been an integral member of the W. P. Carey team for nearly 37 years.
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Swiss Market Ends Marginally Up
The Switzerland market ended marginally up on Thursday after a choppy ride as stocks swung between gains and losses right through the day's trading session.
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European Stocks Close Weak
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Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
After a positive start and a subsequent drop early on in the session, the Canadian market remains weak around early afternoon on Thursday, weighed down by losses in consumer staples, industrials and communications sectors.
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U.S. Pending Home Sales Fall More Than Expected In July
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. fell by more than expected in the month of July. NAR said its pending home sales index decreased by 0.4 percent to 71.7 in July after sliding by 0.8 percent to 72.0 in June. Economists had expected pending home sales to edge down by 0.1 percent.
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Eurozone Economic Confidence Weakens In August
Eurozone economic sentiment softened unexpectedly in August as only industry and retail trade showed improvements, survey results from the European Commission showed Thursday. The economic sentiment indicator slid to 95.2 in August from a revised 95.7 in the previous month. The score was forecast rise to 96.0.
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