Seeking Alpha

W.P. Carey higher after boosting guidance

  • Q2 adjusted FFO of $122.2M or $1.21 per share vs. $118.2M and $1.31 in Q1, and $72.6M and $1.05 a year ago. Dividend is $0.90.
  • Full-year AFFO guidance is raised to $4.62-$4.82 per share vs. $4.40-$4.65 previously. CEO Trevor Bond: "We have better clarity on our earnings capacity now that we have completed our first full quarter following the merger with CPA®:16 Global."
  • WPC +1.1%
  • Previously: W. P. Carey EPS in-line, beats on revenue
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