W. P. Carey(US:WPC)2021-07-30 19:05Financial Performance - Total consolidated revenues for the second quarter of 2021 were $319724000, including $314790000 from owned real estate and $4934000 from investment management[8] - Net income attributable to W P Carey was $120245000, or $067 per diluted share[8] - Normalized pro rata cash NOI from real estate was $294377000[8] - Adjusted EBITDA was $286157000, with $279949000 from owned real estate and $6208000 from investment management[8] - AFFO attributable to W P Carey was $228676000, or $127 per diluted share[8] Portfolio Metrics - The annualized dividend yield, based on the quarter-end share price of $7462, was 56%[8] - The dividend payout ratio for the six months ended June 30, 2021, was 843%[8] - Total consolidated debt was $6815847000[8] - Pro rata net debt to adjusted EBITDA (annualized) was 60x[8] - Total consolidated debt to gross assets was 411%[8] - Total consolidated secured debt to gross assets was 44%[8] - The company had 1266 net-leased properties[8] - ABR from investment-grade tenants accounted for 289% of the total ABR from net-leased properties[8, 10] - Occupancy for net-leased properties was 980%[8] - The weighted-average lease term was 108 years[8] Investment Activity - Investment volume for the current quarter was $779982000[8] - Dispositions for the current quarter totaled $86004000[8] - The maximum commitment for capital investments and commitments expected to be completed during 2021 was $122027000[8]