W. P. Carey (WPC) Misses Q2 EPS by 40c; raises guidance

W. P. Carey (NYSE: WPC) reported Q2 EPS of $0.23, $0.40 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $430.78 million versus the consensus estimate of $401.17 million.

AFFO GUIDANCE

The Company has raised its guidance range for the 2025 full year, primarily reflecting higher expected investment volume and a lower estimate of potential rent loss from tenant credit events, and currently expects to report AFFO of between $4.87 and $4.95 per diluted share, based on the following key assumptions:

(i) investment volume of between $1.4 billion and $1.8 billion, which is revised higher;

(ii) disposition volume of between $900 million and $1.3 billion, which is revised higher;

(iii) total general and administrative expenses of between $99 million and $102 million, which is revised lower;

(iv) property expenses, excluding reimbursable tenant costs, of between $50 million and $54 million, which is revised higher; and

(v) tax expense (on an AFFO basis) of between $42 million and $46 million, which is revised higher.

For earnings history and earnings-related data on W. P. Carey (WPC) click here.

You May Also Be Interested In

• Morgan Stanley upgrades CDW on stronger AI-driven server demand
• Micron Technology (MU) call put ratio 1.2 calls to 1 put into quarter results
• FedEx (FDX) call put ratio 1 call to 2.8 puts with a focus on June 26 weekly 325 puts into quarter results