W.P. Carey & Co. (WPC) Reports Q1 FFO of $1.31

W.P. Carey & Co. (NYSE: WPC) reported Q1 FFO of $1.31, versus $1.12 reported last year. Revenue for the quarter came in at $163.4 million versus the consensus estimate of $123.35 million.

"We had an active first quarter, significantly increasing the size of our owned real estate portfolio through the closing of our merger with CPA®:16 – Global, and taking initial steps towards our long-term goal of becoming a primarily unsecured borrower, including the successful completion of an inaugural $500 million Senior Unsecured Note offering," said W. P. Carey President and CEO, Trevor Bond. "We also completed close to $420 million of acquisitions, in aggregate, for our owned and managed real estate portfolios, and raised over $400 million on behalf of our Managed REITs."

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

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