{"schema_version":"secwatch.filing_event.v1","accession":"0001025378-24-000034","form_type":"8-K","ticker":"WPC","cik":"0001025378","company_name":"W. P. Carey Inc.","filed_at":"2024-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.144078+00:00","generated_at":"2026-06-06T04:39:20.715868+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"W.P. Carey Q4 AFFO $1.19/sh (-7.8% YoY); guides FY2024 AFFO $4.65-$4.75; cuts dividend to $0.86","bullets":["Q4 AFFO $1.19 per diluted share, down from $1.29 in Q4 2022; full-year AFFO $5.18 vs $5.29 prior year.","2024 AFFO guidance range $4.65-$4.75 per share, with expected investment volume $1.5B-$2.0B.","Office exit: 79 properties sold for $608M; office exposure reduced to 2.7% of ABR; remaining sales targeted in H1 2024.","Quarterly dividend cut to $0.86 per share ($3.44 annualized) from prior $1.07, reflecting office exit and lower payout.","Settled forward sale agreements for net proceeds of $384M; received ~$344M from NLOP spin-off distribution."],"urls":{"canonical":"https://secwatch.observer/filing/0001025378-24-000034","json":"https://secwatch.observer/filing/0001025378-24-000034.json","markdown":"https://secwatch.observer/filing/0001025378-24-000034.md","text":"https://secwatch.observer/filing/0001025378-24-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1025378/000102537824000034/0001025378-24-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1025378/000102537824000034/wpc-20240209.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T04:39:20.715868+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"25014b29857354a25ef29e9c57fff93f12d8e1d8","claim":"W. P. Carey Inc. reported 2024 results: EPS 2024 AFFO guidance range narrowed to between $4.65 and $4.75 per diluted share. Guidance reaffirmed.","evidence_excerpt":"2024 AFFO guidance range narrowed to between $4.65 and $4.75 per diluted share, based on anticipated full year investment volume of between $1.5 billion and $2.0 billion","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1025378/000102537824000034/0001025378-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024"},{"label":"EPS","value":"2024 AFFO guidance range narrowed to between $4.65 and $4.75 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"c84782f4a7992ba7e8db21f8c1ca2ff8e3574f5b","claim":"W. P. Carey Inc. reported fourth quarter and full year ended December 31, 2023 results: revenue Total Company: Revenues, including reimbursable costs, for the 2023 fourth quarter totaled $412.4 million, net income Net income attributable to W. P. Carey for the 2023 fourth quarter was $144.3 million; Full year net income $708.3 milli, EPS Diluted earnings per share $0.66 (fourth quarter); $3.28 (full year). Guidance reaffirmed.","evidence_excerpt":"On February 9, 2024 , W. P. Carey Inc. (the “ Company ”) issued an earnings release announcing its financial results for the quarter ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1025378/000102537824000034/0001025378-24-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and full year ended December 31, 2023"},{"label":"Revenue","value":"Total Company: Revenues, including reimbursable costs, for the 2023 fourth quarter totaled $412.4 million"},{"label":"Net income","value":"Net income attributable to W. P. Carey for the 2023 fourth quarter was $144.3 million; Full year net income $708.3 milli"},{"label":"EPS","value":"Diluted earnings per share $0.66 (fourth quarter); $3.28 (full year)"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}