W.P. Carey Q4 Net Profit Increases; Initiates FY24 AFFO Outlook
(RTTNews) - Net lease real estate investment trust W.P. Carey Inc. (WPC) reported Friday that net income attributable to the company for the fourth quarter increased to $144.29 or $0.66 per share from $125.04 or $0.58 per share in the prior-year quarter.
Funds from operations or FFO attributable to the company were $213.15 or $0.97 per share, compared to $284.91 or $1.32 per share last year.
Adjusted FFO attributable to the company were $261.35 or $1.19 per share, compared to $284.39 or $1.32 per share in the year-ago quarter.
Total revenues for the quarter declined to $410.38 million from $448.26 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share on revenues of $422.12 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, the company now projects adjusted FFO in a range of $4.65 to $4.75 per share. The Street is looking for earnings of $2.02 per share for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
W. P. Carey Says President John Park To Step Down Effective September 30, 2024
W.P. Carey Maintains FY23 AFFO Outlook - Update
W.P. Carey Boosts FY22 AFFO Outlook - Update
Higher Open Called For Japan Stock Market
KOSPI May Reclaim 3,200-Point Level
Korea Interest Rate Decision Due On Thursday
Swiss Franc Advances Against Majors
