W.P. Carey beats, affirms full-year guidance

|About: W.P. Carey, Inc. (WPC)|By:, SA News Editor

Q2 adjusted FFO of $132.2M or $1.24 per share vs. $139M and $1.31 one year ago.

Owned real estate contributed $1.22 to AFFO, and investment management contributed $0.02.

ATM program was used for the first time in Q2, with 281K shares issued raising $19M; since the end of the quarter, another 549K shares have been issued, raising $37.2M.

Full-year AFFO guidance of $5.00-$5.20 per share is affirmed.

CC at 10 ET

Previously: W. P. Carey beats by $0.09, misses on revenue (Aug. 4)

WPC flat premarket

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