W.P. Carey (WPC) Q2 FFO Beat Estimates

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]