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

RTTNews | 567 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.

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W. P. Carey Says President John Park To Step Down Effective September 30, 2024

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.

RTTNews | 415 days ago

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 | 854 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 | 1127 days ago

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 9 minutes ago

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 16 minutes ago

FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 49 minutes ago

Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.

RTTNews | 56 minutes ago

French Stocks Mostly Subdued In Cautious Trade

French Stocks Mostly Subdued In Cautious Trade

The French market is down in negative territory on Friday with investors digesting a slew of economic data, and look ahead to key consumer inflation report from the U.S.

RTTNews | 1h 7min ago

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