secwatch.observer — SEC 8-K summary
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Issuer:     W. P. Carey Inc. (WPC)
CIK:        0001025378
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001025378-24-000075
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025378/000102537824000075/0001025378-24-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025378/000102537824000075/wpc-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001025378-24-000075

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