W.P. Carey Q4 Net Profit Increases; Initiates FY24 AFFO Outlook

RTTNews | 566 days ago
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

read more
W.P. Carey Maintains FY23 AFFO Outlook - Update

W.P. Carey Maintains FY23 AFFO Outlook - Update

While reporting its financial results for the first quarter on Friday, net lease real estate investment trust W.P. Carey Inc. (WPC) continues to project adjusted funds from operations or AFFO guidance for the full-year 2023 in a range of $5.30 to $5.40 per share.
RTTNews | 853 days ago
W.P. Carey Boosts FY22 AFFO Outlook - Update

W.P. Carey Boosts FY22 AFFO Outlook - Update

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.
RTTNews | 1126 days ago
Switzerland Logs Weaker Growth, Trims 2026 Outlook

Switzerland Logs Weaker Growth, Trims 2026 Outlook

The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
RTTNews | 1h 6min ago
FTSE 100 Down 0.4% In Cautious Trade

FTSE 100 Down 0.4% In Cautious Trade

After a slightly positive start, U.K. stocks turned weak Thursday morning with investors treading cautiously amid a lack of triggers. Shares of financials and utilities companies are struggling a bit.
RTTNews | 2h 29min ago
CAC Up Slightly; Pernod Ricard Rises On Earnings

CAC Up Slightly; Pernod Ricard Rises On Earnings

The French market is up slightly a little past noon on Thursday, supported by data showing an increase in new car registrations in Europe, and stronger-than-expected results and forecast from AI chip major Nvidia.
RTTNews | 2h 48min ago