earnings
confidence high
sentiment positive
materiality 0.85
WPC Q3 AFFO $1.36, raises FY2022 guidance to $5.25-$5.31; dividend to $1.061
W. P. Carey Inc.
- Q3 AFFO $1.36 per diluted share, up 9.7% YoY; net income $104.9M ($0.51 EPS).
- Real Estate AFFO $1.34 per share; revenue $383.6M, up 17.7% YoY.
- FY2022 AFFO guidance raised to $5.25-$5.31 per diluted share; investment volume target $1.5B-$2.0B.
- Quarterly dividend raised to $1.061 per share ($4.244 annualized), paid Oct 14, 2022.
- Completed CPA:18 merger adding ~$2.2B of assets; $642M forward equity proceeds available.