earnings
confidence high
sentiment positive
materiality 0.70
W. P. Carey Q2 2023 AFFO $1.36/shr up 3.8% YoY; revenue up 31.4%; raises dividend to $1.069 quarterly
W. P. Carey Inc.
- Net income $144.6M, diluted EPS $0.67; AFFO per share $1.36 up 3.8% YoY.
- Total revenue $452.6M up 31.4% YoY; real estate revenue $452.2M up 33.1%.
- Investment volume $760.7M in Q2, $938.5M YTD; same-store rent growth 4.3%.
- Quarterly dividend raised to $1.069/shr, annualized $4.276.
- Full-year AFFO guidance narrowed to $5.32-$5.38; entered €500M term loan swapped to 4.34%.