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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.
WP Carey
WP Carey
WP Carey Revenue by Segment
Revenue by Segment
Lease Revenue
CapyFin.comOperating property rev Revenue
CapyFin.comAsset management rev Revenue
CapyFin.com 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.