W.P. Carey reports Q2 AFFO $1.28, consensus $1.23

Reports Q2 revenue $430.8M, consensus $416.26M. “As we pass the midpoint of the year, we’ve built considerable momentum across our business, driven by strong investment activity and disciplined execution of our disposition strategy – enabling us to reinvest proceeds at attractive spreads,” said Jason Fox, CEO. “As a result, we’ve raised our outlook for investment volume and increased our AFFO guidance to a range of $4.87-$4.95 per share, representing 4.5% year-over-year growth at the midpoint.