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Dec 31, 2021
WP Carey Q4 2021 Earnings Report
W. P. Carey Inc. reported financial results for the fourth quarter and full year ended December 31, 2021.
Key Takeaways
W. P. Carey Inc. reported fourth-quarter revenues of $374.9 million, a 22.0% increase from the same period last year. Net income attributable to W. P. Carey was $99.6 million, and AFFO per diluted share was $1.30, up 8.3% from the prior year.
Investment volume of $531.8 million during the fourth quarter, bringing total investment volume for 2021 to a record $1.72 billion
Overall collection rate of over 99.8% for fourth quarter rent due
Portfolio occupancy of 98.5%
Issued $350 million of 2.450% Senior Unsecured Notes due 2032 in the Company’s inaugural green bond offering
Revenue by Segment
Forward Guidance
For the 2022 full year, the Company expects to report total AFFO of between $5.18 and $5.30 per diluted share, including Real Estate AFFO of between $5.03 and $5.15 per diluted share, based on full-year investment volume of between $1.5 billion and $2.0 billion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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