secwatch.observer — SEC 8-K summary
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Issuer:     W. P. Carey Inc. (WPC)
CIK:        0001025378
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001025378-23-000079
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025378/000102537823000079/0001025378-23-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025378/000102537823000079/wpc-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001025378-23-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer