W.P. Carey reports Q1 AFFO $1.17, consensus $1.19

Reports Q1 revenue $407.44M, consensus $412.74M. “We’ve had a strong start to the year, closing approximately $450 million of investments to date, with an additional $120M of projects scheduled to complete this year and several hundred million dollars of deals in our pipeline at advanced stages,” said Jason Fox, CEO. “Notwithstanding the current uncertainty in the markets, we believe we’re well positioned to continue executing on our business plan given the typical resiliency of our portfolio during times of economic disruption, the strength of our balance sheet and, importantly, our ability to fund external growth through the top end of our investment guidance range, without having to issue capital this year.”