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W. P. Carey (WPC) Tops Q2 EPS by 9c, Revenues Beat; Provides FY18 AFFO Guidance

August 3, 2018 7:33 AM

W. P. Carey (NYSE: WPC) reported Q2 EPS of $0.70, $0.09 better than the analyst estimate of $0.61. Revenue for the quarter came in at $201.14 million versus the consensus estimate of $191.83 million.

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"Supported by the strength of our investment volume year-to-date we are narrowing our full-year AFFO guidance to between $5.40 and $5.50 per diluted share by raising the lower end of the range," said Jason Fox, Chief Executive Officer of W. P. Carey. "We also remain on track to close the proposed merger with CPA:17 around the end of the year in a transformational transaction that we believe will create immediate and enduring value for our stakeholders."

GUIDANCE:

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

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Earnings Guidance Management Comments

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