W. P. Carey Inc. ( (WPC) ) has released its Q4 earnings. Here is a breakdown of the information W. P. Carey Inc. presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
W. P. Carey Inc. is a prominent net lease real estate investment trust (REIT) that specializes in owning and managing high-quality commercial properties across the U.S. and Europe, with a focus on single-tenant, industrial, warehouse, and retail properties under long-term net leases.
W. P. Carey Inc. recently announced its financial results for the fourth quarter and full year of 2024. The company reported a net income of $47.0 million for the fourth quarter and $460.8 million for the full year, with diluted earnings per share of $0.21 and $2.09, respectively. Despite challenges, the company achieved a record investment volume for the quarter and announced a 2025 AFFO guidance range of $4.82 to $4.92 per diluted share.
Key financial highlights include a record investment volume of $841.3 million in the fourth quarter, bringing the total for 2024 to $1.6 billion. The company’s adjusted funds from operations (AFFO) per diluted share increased by 1.7% in the fourth quarter compared to the previous year. However, full-year 2024 revenues fell by 9.2% compared to 2023, primarily due to strategic dispositions, including the Net Lease Office Properties spin-off and other asset sales.
W. P. Carey also reported a decline in full-year net income attributable to shareholders, reflecting the impact of asset sales and market adjustments. The company successfully raised €600 million through senior unsecured notes and repaid significant debt, enhancing its financial flexibility.
Looking ahead, W. P. Carey aims to leverage its strategic decisions and record investments to capitalize on growth opportunities in 2025, despite market uncertainties. The company remains committed to maintaining a strong portfolio and financial health while navigating potential macroeconomic challenges.
