W. P. Carey (NYSE: WPC) reported Q4 EPS of $0.75, $0.26 better than the analyst estimate of $0.49. Revenue for the quarter came in at $311.2 million versus the consensus estimate of $300.23 million.

MANAGEMENT COMMENTARY

"During 2019, we continued to execute on our strategy, growing and enhancing the quality of our earnings, our real estate portfolio and our balance sheet," said Jason Fox, Chief Executive Officer of W. P. Carey. "Real Estate AFFO per diluted share increased 8% even as we reduced leverage, driven by the full-year impact of our merger with CPA:17 and our 2019 net investment activity. Within our portfolio, we increased the proportion of rent from industrial and warehouse properties as well as from investment grade tenants, lowered our top 10 tenant concentration and extended our weighted-average lease term. We have ample liquidity, low leverage and established access to various forms of capital, all of which support our ability to execute on our investment pipeline. And we're off to a good start in 2020, reflecting a continuation of the momentum we saw in the fourth quarter, and have a healthy number of capital projects scheduled for completion this year."

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