---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036559"
form_type: "8-K"
ticker: "WPC"
cik: "0001025378"
company_name: "W. P. Carey Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T21:50:31.271166+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# W. P. Carey Q3 AFFO $1.32, lowers 2023 guidance to $5.17-5.23, completes NLOP office spin-off

## Summary
- Q3 net income $125.0M ($0.58 EPS); AFFO $284.4M ($1.32/share, -2.9% YoY).
- Revenue $448.6M, up 16.9% YoY, driven by investments and CPA:18 Merger.
- 2023 AFFO guidance lowered to $5.17-$5.23; prelim 2024 guidance $4.60-$4.80, reflecting office exit plan.
- Completed NLOP spin-off Nov 1; office sale program has ~$500M under contract, targeting early 2024 completion.
- Post-quarter: settled forward equity for $384M; received ~$350M from NLOP; Q3 dividend $1.071/share paid.

## SEC filing metadata
- accession: 0001628280-23-036559
- form_type: 8-K
- ticker: WPC
- cik: 0001025378
- company_name: W. P. Carey Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1025378/000162828023036559/0001628280-23-036559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1025378/000162828023036559/wpc-20231103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036559
- JSON: https://secwatch.observer/filing/0001628280-23-036559.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036559.txt

## Key facts
- Earnings Releases
  W. P. Carey Inc. reported the third quarter ended September 30, 2023 results: revenue $448.6 million, net income $125.0 million, EPS $0.58. Guidance lowered.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $448.6 million
  - Net income: $125.0 million
  - EPS: $0.58
  - Guidance: lowered
  - Result: reported results
  source text: market conditions to remain challenging.” QUARTERLY FINANCIAL RESULTS Revenues • Total Company: Revenues, including reimbursable costs, for the 2023 third quarter totaled $448.6 million, up 16.9% from $383.6 million for the 2022 third quarter. • Real Estate: Real Estate revenues, including reimbursable costs, for the 2023 third quarter were $448.3 million, up
  evidence_url: https://www.sec.gov/Archives/edgar/data/1025378/000162828023036559/0001628280-23-036559-index.htm

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