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Sep 30, 2021
WP Carey Q3 2021 Earnings Report
W. P. Carey Inc. reported third quarter 2021 financial results.
Key Takeaways
W. P. Carey Inc. reported a net income of $138.5 million and AFFO of $1.24 per diluted share for the third quarter of 2021. The company affirmed its 2021 AFFO guidance range of between $4.94 and $5.02 per diluted share. Investment volume year to date was $1.23 billion.
Net income attributable to W. P. Carey was $138.5 million.
Diluted earnings per share was $0.74.
AFFO was $230.7 million.
AFFO per diluted share was $1.24.
Revenue by Segment
Forward Guidance
The Company has affirmed its guidance range for the 2021 full year and currently expects to report total AFFO of between $4.94 and $5.02 per diluted share, including Real Estate AFFO of between $4.82 and $4.90 per diluted share, based on the following key assumptions: (i) investments for the Company's Real Estate portfolio of between $1.5 billion and $2.0 billion, which is unchanged; (ii) dispositions from the Company's Real Estate portfolio of between $150 million and $250 million, which is unchanged; and (iii) total general and administrative expenses of between $82 million and $84 million, which is unchanged.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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