W.P. Carey names new CEO alongside Q3 beat

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

Q3 adjusted FFO of $148.2M or $1.37 per share vs. $148.4M and $1.38 in Q2. Dividend boosted to $1.005 from $1.00.

Full-year AFFO guidance lifted to $5.25-$5.35 from $5.10-$5.30.

Owned Real Estate segment AFFO of $116.3M or $1.07 per share.

Investment Management segment AFFO of $31.9M or $0.30 per share.

CEO Mark DeCesaris to retire, effective Dec. 31. He's to be replaced in the CEO spot and on the board by current President Jason Fox.

Conference call at 10 ET

Previously: W. P. Carey beats by $0.24, beats on revenue (Nov. 3)

WPC flat premarket