secwatch.observer — SEC 8-K summary
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Issuer:     W. P. Carey Inc. (WPC)
CIK:        0001025378
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001025378-24-000137
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1025378/000102537824000137/0001025378-24-000137-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1025378/000102537824000137/wpc-20241029.htm
  HTML page:      https://secwatch.observer/filing/0001025378-24-000137

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