W. P. Carey lease revenues rise on net investments while operating property revenue drops

Earnings
โดย Seeking Alpha·Read original
Summary · why it matters

W. P. Carey reported an increase in lease revenues driven by net investments, while operating property revenue declined. The company's funds from operations came in at $1.34 per share, in line with expectations, and total revenue of $461.06 million beat estimates by $4.35 million. The mixed results reflect the impact of the firm's ongoing portfolio repositioning.

Impact on stocks 1

Real Estate▲ · 1 stocks
W P Carey Inc
WPC
± MixedCapitalrelevance

Lease revenues rose and total revenue beat estimates, but operating property revenue declined and FFO was in line; mixed results from portfolio repositioning.

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