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Sep 30, 2020
WP Carey Q3 2020 Earnings Report
W. P. Carey Inc. reported financial results for the third quarter ended September 30, 2020.
Key Takeaways
W. P. Carey Inc. reported a net income attributable to W. P. Carey of $149.4 million, or $0.85 per diluted share, and AFFO of $202.0 million, or $1.15 per diluted share. The company reinstated its 2020 AFFO guidance with a range of $4.65 to $4.75 per diluted share and raised the quarterly cash dividend to $1.044 per share.
Net income attributable to W. P. Carey of $149.4 million, or $0.85 per diluted share.
AFFO of $202.0 million, or $1.15 per diluted share.
2020 AFFO guidance reinstated with a range of $4.65 to $4.75 per diluted share.
Quarterly cash dividend raised to $1.044 per share, equivalent to an annualized dividend rate of $4.176 per share.
Revenue by Segment
Forward Guidance
The Company has reinstated its guidance for the 2020 full year, and expects to report total AFFO of between $4.65 and $4.75 per diluted share, including Real Estate AFFO of between $4.51 and $4.61 per diluted share, based on the following key assumptions: (i) investments for the Company's Real Estate portfolio of between $750 million and $1 billion; (ii) dispositions from the Company's Real Estate portfolio of between $300 million and $350 million; and (iii) total general and administrative expenses of between $76 million and $79 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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