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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • W. P. Carey Annual Earnings Rise 0 comments
    Mar 3, 2014 10:57 AM | about stocks: WPC

    Originally published at www.seclive.com

    W. P. Carey Inc. (NYSE:WPC) announced its financial results for the fourth fiscal quarter and full-year 2013, reporting a quarterly earnings decline but an annual earnings increase. The global net-lease real estate investment trust (REIT) acquired seven properties during the year, for a total of $347.1M while structuring $1.4B in investments on behalf of its managed REITs. Adjusted generated funds from operations for fourth quarter were $78.1M and $1.12 per share, nearly flat from the $78.8M and $1.13 per share generated a year ago. Annual results increased from $180.6M and $3.76 per share in 2012 to $294.2M and $4.22 per share. President and CEO Trevor Bond remarked that the company raised its quarterly dividend for the fifty-first consecutive quarter and is pleased with its early progress in the new fiscal year. The company recently closed on its acquisition of CPA(NYSE:R):16 - Global, which increased its unsecured line of credit capacity, resulting in investment grade corporate ratings from both Standard & Poor and Moody's.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: WPC
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