W. P. Carey (WPC) Reports Q2 AFFO of $1.31

W. P. Carey (NYSE: WPC) reported Q2 AFFO of $1.31. Revenue for the quarter came in at $224.3 million versus the consensus estimate of $167.28 million.

Reaffirm 2015 AFFO guidance range of $4.76 to $5.02 per diluted share.

"During the second quarter, we completed two acquisitions for our owned real estate portfolio totaling $51.4 million, bringing total investment volume for the first half of 2015 to $445.6 million," said Trevor Bond, Chief Executive Officer of W. P. Carey. "All of our first half investments were in Europe — specifically, in the UK, the Netherlands, Austria and Sweden — reflecting the continued favorable market conditions there for net lease deals, as well as our ability to successfully source and close transactions throughout the region. We also completed acquisitions totaling $1.1 billion on behalf of our Managed REITs, primarily comprised of operating properties for our lodging REITs.

"Elsewhere, we continue to make progress with our strategy of diversifying and expanding the product offerings within our investment management business. In May, our second non-traded REIT focused on lodging, Carey Watermark Investors 2 Incorporated, broke escrow for its initial public offering of up to $1.4 billion. And I'm pleased to announce that since quarter end, we have launched our first non-traded BDC, Carey Credit Income Fund."

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

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