---
schema_version: "secwatch.filing_event.v1"
accession: "0001025378-23-000079"
form_type: "8-K"
ticker: "WPC"
cik: "0001025378"
company_name: "W. P. Carey Inc."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:02:42.189202+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# W. P. Carey Q1 net income $294.4M, AFFO $1.31/sh; guidance reaffirmed, dividend raised

## Summary
- Net income $294.4M ($1.39 EPS), up 87.5% YoY; included $176.2M gain from U-Haul repurchase option.
- AFFO per diluted share $1.31, down 3% YoY; full-year AFFO guidance maintained at $5.30-$5.40.
- Revenue $427.8M, up 22.8% YoY; contractual same-store rent growth 4.3%.
- Quarterly dividend raised to $1.067/sh (annualized $4.27); paid April 14.
- Closed €500M term loan post-quarter, swapped to fixed 4.34% through end-2024; $385M forward equity available.

## SEC filing metadata
- accession: 0001025378-23-000079
- form_type: 8-K
- ticker: WPC
- cik: 0001025378
- company_name: W. P. Carey Inc.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1025378/000102537823000079/0001025378-23-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025378/000102537823000079/wpc-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001025378-23-000079
- JSON: https://secwatch.observer/filing/0001025378-23-000079.json
- Plain text: https://secwatch.observer/filing/0001025378-23-000079.txt

## Key facts
- Earnings Releases
  W. P. Carey Inc. reported the quarter ended March 31, 2023 results: revenue $427.8 million, net income $294.4 million, EPS $1.39. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Revenue: $427.8 million
  - Net income: $294.4 million
  - EPS: $1.39
  - Guidance: reaffirmed
  - Result: reported results
  source text: P. Carey Inc. 3/31/2023 Earnings Release 8-K – 1 QUARTERLY FINANCIAL RESULTS Revenues • Total Company: Revenues, including reimbursable costs, for the 2023 first quarter totaled $427.8 million, up 22.8% from $348.4 million for the 2022 first quarter. • Real Estate: Real Estate revenues, including reimbursable costs, for the 2023 first quarter were $427.4 million, up
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025378/000102537823000079/0001025378-23-000079-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.