W. P. Carey (WPC) Tops Q3 EPS by 40c, Revenues Beat
Get Alerts WPC Hot Sheet
EPS Growth %: -64.0%
Financial Fact:
Distribution Declared Per Share: 0.99
Today's EPS Names:
CPSS, HARL, MCET, More
Join SI Premium – FREE
W. P. Carey (NYSE: WPC) reported Q3 EPS of $0.85, $0.40 better than the analyst estimate of $0.45. Revenue for the quarter came in at $302.4 million versus the consensus estimate of $286.58 million.
MANAGEMENT COMMENTARY
"Our third quarter results reflect the consistently high rent collections our portfolio has generated since the start of the pandemic, including a 98% collection rate for the period. I'm also pleased to say that after a pause in deal flow due to the pandemic we've resumed external investment activity and, given increased visibility into our pipeline, reinstated AFFO guidance" said Jason Fox, Chief Executive Officer of W. P. Carey. "The strength of our collections and balance sheet ensure we're well positioned amid renewed uncertainty over the course of the pandemic. And with a robust pipeline, ample liquidity and having locked in a cost of capital that supports accretive investments, we're equally well positioned to execute on the growing number of transaction opportunities before us."
For earnings history and earnings-related data on W. P. Carey (WPC) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ASML slides as Q1 sales fall short but firm still on track for 2025 revenue target
- Xperi Corporation (XPER) Issues Letter to Stockholders
- Lucid Group (LCID) Provides Details on 2024 Lucid Air Grand Touring
Create E-mail Alert Related Categories
Corporate News, Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!