secwatch.observer — SEC 8-K summary
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Issuer:     W. P. Carey Inc. (WPC)
CIK:        0001025378
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001025378-24-000116
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

W.P. Carey Q2 AFFO $1.17 (-14% YoY); lowers 2024 guidance to $4.63-$4.73
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- Net income $142.9M, EPS $0.65; revenue $389.7M, down 13.9% YoY.
- AFFO per diluted share $1.17, down 14% YoY; FY2024 AFFO guidance lowered to $4.63-$4.73.
- Investment volume YTD $641M; guidance for 2024 lowered $250M to $1.25-1.75B.
- Completed office exit strategy; only one office asset left under contract for sale.
- Issued €650M 4.25% notes due 2032 and $400M 5.375% notes due 2034; repaid $500M and €500M maturities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025378/000102537824000116/0001025378-24-000116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025378/000102537824000116/wpc-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001025378-24-000116

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer