W. P. Carey Inc. (NYSE:WPC) Q2 2024 Earnings Conference Call July 31, 2024 11:00 AM ET Company Participants Peter Sands - Head, Investor Relations Jason Fox - Chief Executive Officer Toni Sanzone - Chief Financial Officer John Park - President Brooks Gordon - Head, Asset Management Conference Call Participants Michael Goldsmith - UBS Spenser Allaway - Green Street Advisors Anthony Paolone - JPMorgan Brad Heffern - RBC Capital Markets John Kilichowski - Wells Fargo John Kim - BMO Capital Markets Mitch Germai ...

Financial Performance - W P Carey reported quarterly FFO of $1 17 per share, beating the Zacks Consensus Estimate of $1 16 per share [8] - The company posted revenues of $389 67 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2 47% [2] - Over the last four quarters, the company has surpassed consensus FFO estimates just once [9] Market Performance - W P Carey shares have lost about 6% since the beginning of the year versus the S&P 500's gain of 14 5% [3] - The current status of estimate revisions translates into a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [12] Industry Context - The REIT and Equity Trust - Other industry is currently in the bottom 41% of the 250 plus Zacks industries [13] - Host Hotels, another company in the same industry, is expected to report revenues of $1 47 billion, up 5 2% from the year-ago quarter [7] Future Outlook - The current consensus FFO estimate for W P Carey is $1 18 on $409 68 million in revenues for the coming quarter and $4 69 on $1 62 billion in revenues for the current fiscal year [5] - The sustainability of the stock's immediate price movement will depend on management's commentary on the earnings call [10]

Exhibit 99.2 W. P. Carey Inc. Supplemental Information Second Quarter 2024 Terms and Definitions As used in this supplemental package, the terms "W. P. Carey," "WPC," "we," "us" and "our" include W. P. Carey Inc., its consolidated subsidiaries and its predecessors, unless otherwise indicated. Other terms and definitions are as follows: | --- | --- | |----------|-----------------------------------------------------------------------------------------| | REIT | Real estate investment trust | | NLOP | Net Leas ...

NEW YORK, July 30, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the second quarter ended June 30, 2024. AFFO (millions) $257.1 AFFO per diluted share $1.17 Second quarter cash dividend of $0.870 per share, equivalent to an annualized dividend rate of $3.48 per share Active capital investments and commitments of $38.0 million scheduled to be completed in 2024 Non-Office Sale Program dispositi ...

Father Time has proven to be one of the few insurmountable forces in life. Companies change as they age, evolve, or progress through the corporate life cycle. Most change for the better, while some change for the worse. Some companies evolve and reshape themselves through innovation, keeping up with the times and profiting as a result. On the other hand, some companies age less gracefully, becoming a victim of their former success. This past week, we wrote an article covering Realty Income Corporation (O), ...

Disciplined Capital Allocator cowssystems:www.comments.com/stars/spares/spartn Source: February 9th, 2024 News Announcement, Seeking Alpha. | --- | --- | |------------|------------------------------| | | | | | Table 5: Cap Rate Minus WACC | | Cap Rate | 7.53% | | WACC | 6.74% | | Difference | 0.79% | There are important risks and limitations that should be considered. For this framework, small changes in the inputs have a material impact on the results. This is why we would feel more comfortable if the inve ...

Lineage Logistics, a real estate investment trust (REIT) focused on cold storage facilities, is preparing to go public. It's seeking to raise up to $3.9 billion -- a $19.2 billion valuation -- making it the biggest initial public offering (IPO) of 2024 by a wide margin. It would be more than double the $1.5 billion raised by cruise operator Viking Holdings earlier this year at a $10.4 billion valuation. Lineage Logistics is the largest company focused on operating cold storage facilities. It has 482 of thes ...

NEW YORK, July 17, 2024 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a leading net lease REIT, announced today that it will release its financial results for the second quarter ended June 30, 2024 after the market closes on Tuesday, July 30, 2024. Live Conference Call and Audio Webcast W. P. Carey Inc. | --- | |-----------------------------------------| | | | Institutional Investors | | Peter Sands | | 1 (212) 492-1110 | | [email protected] | | Individual Investors : W. P. Carey Inc. | | 1 (21 ...

START and and and and and and and and and and and and and and and and and and the world of the first I p I can't help but respect W. P. Carey's (NYSE:WPC) strong business metrics (high occupancy rate, solid WALT, reasonable tenant diversification) and the quality of its portfolio leaning towards industrial properties. These factors made me invest in the business in the first place. Nevertheless, there are some factors that cannot go unnoticed that made me stop adding since the announcement of the office pro ...

There's no question that Agree has rewarded investors well over the past decade or so. The net lease real estate investment trust (REIT) has increased its portfolio from 130 properties at the end of 2013 to over 2,100 at the end of the first quarter of 2024. Gearing up for growth at W.P. Carey That said, the portfolio overhaul (including some other asset sales) will leave W.P. Carey with around $2.8 billion worth of investment capacity. That will allow the REIT to start growing again. That external growth w ...