Net lease real estate investment trust W.P. Carey Inc. (WPC) reported Friday that net income attributable to the company for the fourth quarter increased to $144.29 or $0.66 per share from $125.04 or $0.58 per share in the prior-year quarter.
Funds from operations or FFO attributable to the company were $213.15 or $0.97 per share, compared to $284.91 or $1.32 per share last year.
Adjusted FFO attributable to the company were $261.35 or $1.19 per share, compared to $284.39 or $1.32 per share in the year-ago quarter.
Total revenues for the quarter declined to $410.38 million from $448.26 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.53 per share on revenues of $422.12 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, the company now projects adjusted FFO in a range of $4.65 to $4.75 per share. The Street is looking for earnings of $2.02 per share for the year.
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Business News
September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.