---
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"
generated_at: "2026-06-03T03:52:51.946825+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# W. P. Carey Q1 AFFO $1.14, down 13% YoY; net income $159M; affirms FY guidance

## Summary
- 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).

## SEC filing metadata
- 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
- 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/1025378/000102537824000075/0001025378-24-000075-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025378/000102537824000075/wpc-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001025378-24-000075
- JSON: https://secwatch.observer/filing/0001025378-24-000075.json
- Plain text: https://secwatch.observer/filing/0001025378-24-000075.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $389.8 million
  - Net income: $159.2 million
  - EPS: $0.72
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1025378/000102537824000075/0001025378-24-000075-index.htm

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