{"schema_version":"secwatch.filing_event.v1","accession":"0001025378-24-000075","form_type":"8-K","ticker":"WPC","cik":"0001025378","company_name":"W. P. Carey Inc.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.933870+00:00","generated_at":"2026-06-03T03:52:51.946825+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 Q1 AFFO $1.14, down 13% YoY; net income $159M; affirms FY guidance","bullets":["Net income $159.2M (diluted EPS $0.72); AFFO $251.9M ($1.14/diluted share), down 13.0% YoY.","Revenue $389.8M, down 8.9% YoY due to office exit and sale of U-Haul portfolio.","Affirmed FY2024 AFFO guidance $4.65-$4.75/diluted share; expects investment volume $1.5-$2.0B.","Gross disposition proceeds $889.2M in Q1, incl. $410.5M from office sale program and $464.1M from U-Haul.","Repaid $500M of 4.6% Senior Unsecured Notes post-quarter; quarterly dividend $0.865/share ($3.46 annualized)."],"urls":{"canonical":"https://secwatch.observer/filing/0001025378-24-000075","json":"https://secwatch.observer/filing/0001025378-24-000075.json","markdown":"https://secwatch.observer/filing/0001025378-24-000075.md","text":"https://secwatch.observer/filing/0001025378-24-000075.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1025378/000102537824000075/0001025378-24-000075-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1025378/000102537824000075/wpc-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T03:52:51.946825+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":"2a9e0c2f90a393c642cb002efd53e90d17a7b3b5","claim":"W. P. Carey Inc. reported the first quarter ended March 31, 2024 results: revenue $389.8 million, net income $159.2 million, EPS $0.72. Guidance reaffirmed.","evidence_excerpt":"conformed prior period segment information to reflect how it currently views its business. Revenues • Revenues, including reimbursable costs, for the 2024 first quarter totaled $389.8 million, down 8.9% from $427.8 million for the 2023 first quarter. ◦ Lease revenues decreased primarily as a result of (i) executing the Company’s strategic plan to exit the office","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1025378/000102537824000075/0001025378-24-000075-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$389.8 million"},{"label":"Net income","value":"$159.2 million"},{"label":"EPS","value":"$0.72"},{"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"}