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

RTTNews | 565天前
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 | 852天前
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 | 1125天前
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 1小时25分钟前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 1小时40分钟前
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 2小时22分钟前
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 2小时31分钟前