W.P. Carey Q4 AFFO $1.29, FY 2022 AFFO $5.29, raises dividend, guides FY23 $5.30-$5.40

W. P. Carey Inc.

Q4 net income $209.5M vs $99.6M YoY; diluted EPS $1.00.
Q4 AFFO $269.7M ($1.29/diluted share), down 0.8% YoY but Real Estate AFFO up 1.6%.
Full year AFFO $1,060.6M ($5.29/diluted share), up 5.2% YoY; Real Estate AFFO $5.20 (+6.3%).
Quarterly dividend raised to $1.065/share ($4.26 annualized), paid Jan 13, 2023.
FY23 AFFO guidance $5.30-$5.40; investment volume $1.75B-$2.25B; $559M forward equity available.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

W. P. Carey Inc. reported the full year ended December 31, 2022 results: revenue $1.48 billion, net income $599.1 million, EPS $2.99. Guidance initiated.

Period: the full year ended December 31, 2022
Revenue: $1.48 billion
Net income: $599.1 million
EPS: $2.99
Guidance: initiated
Result: reported results

Exact text from the filing

to shareholders of record as of December 30, 2022. FULL YEAR FINANCIAL RESULTS Revenues • Total Company: Revenues, including reimbursable costs, for the 2022 full year totaled $1.48 billion, up 11.1% from $1.33 billion for the 2021 full year. • Real Estate: Real Estate revenues, including reimbursable costs, for the 2022 full year totaled $1.47 billion, up 11.9%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

W. P. Carey Inc. reported the fourth quarter ended December 31, 2022 results: revenue $402.6 million, net income $209.5 million, EPS $1.00. Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $402.6 million
Net income: $209.5 million
EPS: $1.00
Guidance: initiated
Result: reported results

Exact text from the filing

ensures we’re well-positioned to execute.” QUARTERLY FINANCIAL RESULTS Revenues • Total Company: Revenues, including reimbursable costs, for the 2022 fourth quarter totaled $402.6 million, up 7.4% from $374.9 million for the 2021 fourth quarter. • Real Estate: Real Estate revenues, including reimbursable costs, for the 2022 fourth quarter were $402.1 million, up

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

W. P. Carey Inc. filing history →

Source: SEC EDGAR

accession 0001025378-23-000032

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