---
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"
generated_at: "2026-06-06T04:39:20.715868+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# W.P. Carey Q4 AFFO $1.19/sh (-7.8% YoY); guides FY2024 AFFO $4.65-$4.75; cuts dividend to $0.86

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001025378-24-000034
- JSON: https://secwatch.observer/filing/0001025378-24-000034.json
- Plain text: https://secwatch.observer/filing/0001025378-24-000034.txt

## Key facts
- Earnings Releases
  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.
  - Period: 2024
  - EPS: 2024 AFFO guidance range narrowed to between $4.65 and $4.75 per diluted share
  - Guidance: reaffirmed
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1025378/000102537824000034/0001025378-24-000034-index.htm
- Earnings Releases
  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.
  - Period: fourth quarter and full year ended December 31, 2023
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1025378/000102537824000034/0001025378-24-000034-index.htm

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