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Dec 31, 2022
WP Carey Q4 2022 Earnings Report
W. P. Carey's financial results for Q4 2022 and full year 2022 were announced.
Key Takeaways
W. P. Carey Inc. reported strong full-year results, with Real Estate AFFO per share growth of 6.3%. In the fourth quarter, the company completed investments totaling $158.5 million and disposed of six properties for gross proceeds of $67.6 million. The company announced 2023 AFFO guidance range of between $5.30 and $5.40 per diluted share.
Investment volume of $158.5 million completed during the fourth quarter, bringing total investment volume for 2022 to $1.4 billion.
Gross disposition proceeds of $67.6 million during the fourth quarter, bringing total dispositions for 2022 to $243.7 million.
Quarterly cash dividend raised to $1.065 per share, equivalent to an annualized dividend rate of $4.260 per share.
Approximately $559 million in anticipated net proceeds currently available for settlement pursuant to forward sale agreements.
WP Carey
WP Carey
WP Carey Revenue by Segment
Revenue by Segment
Lease Revenue
CapyFin.comOperating property rev Revenue
CapyFin.comOther lease income Revenue
CapyFin.comAsset management rev Revenue
CapyFin.com Forward Guidance
For the 2023 full year, the Company expects to report total AFFO of between $5.30 and $5.40 per diluted share (all of which comprises Real Estate AFFO) based on anticipated investment volume of between $1.75 billion and $2.25 billion.