W.P. Carey reports Q3 EPS $1.25, consensus $1.23

Reports Q3 revenue $431.1M, consensus $424.79M. “Strong investment activity, an active deal pipeline, and lower anticipated rent loss have enabled us to further raise our full-year outlook for both investment volume and AFFO – continuing the momentum we built in the first half of the year,” said Jason Fox, CEO. “We’ve also made excellent progress executing our strategy of funding investments through asset sales this year, achieving better-than-expected disposition cap rates and favorable reinvestment spreads. And our recent forward equity sales provide additional flexibility for funding deals.