W. P. Carey Q3 AFFO $1.18, down 10.6% YoY; narrows FY guidance to $4.65-$4.71

W. P. Carey Inc.

Net income $111.7M ($0.51 EPS), down 10.6% YoY; AFFO per share $1.18, down from $1.32.
Revenue $397.4M, down 11.4% YoY driven by office exit and U-Haul disposition.
Narrowed 2024 AFFO guidance to $4.65-$4.71 per share; investment midpoint $1.5B unchanged.
True Value (1.4% ABR) filed Chapter 11 on Oct 14; rent current through year-end.
Converted 16 self-storage properties to net leases; Extra Space largest tenant at 2.7% ABR.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.