logo
Plus   Neg
Share
Email

W. P. Carey Updates FY18 AFFO Guidance - Quick Facts

W. P. Carey Inc. (WPC) announced, for the 2018 full year, the company has narrowed its AFFO guidance range to between $5.40 and $5.50 per diluted share by raising the lower end of the range from $5.30.

For the second quarter, AFFO was $1.32 per diluted share, down 4.3% from $1.38 per diluted share for the 2017 second quarter, due primarily to lower structuring revenues within Investment Management, which more than offset higher lease revenues from the company's Owned Real Estate portfolio. Revenues excluding reimbursable costs (net revenues) totaled $189.9 million, down 6.3% from $202.7 million, prior year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery. Piping Rock Health Products issued a recall for about 18,600 units of wintergreen essential oil due to poisoning risk for children if they ingest it. However, the company has not received reports of any incidents or injuries so far. The recall involves Piping Rock wintergreen essential oil packaged in glass amber dropper bottles having a black cap and a yellow, red and green label.
Follow RTT