W.P. Carey Finalizes Office Sector Exit

W.P. Carey posted mixed results in its latest earnings report largely due to notable revenue and net income declines.Global real estate investment trust (REIT) specialist W.P. Carey (WPC 0.74%) reported mixed fourth-quarter earnings on Tuesday, Feb. 11. Earnings per share of $0.21 came in well below analysts' consensus expectations of $0.59. However, adjusted funds from operations (AFFO) per share improved 1.7% year over year to $1.21 and revenue of $403.7 million surpassed analyst projections of $391 milli ...