W. P. Carey (WPC) Reports Q1 AFFO of $1.22/Share
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May 18, 2015 7:30 AM EDT
NEW YORK, May 18, 2015 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a global net lease real estate investment trust, today reported its financial results for the first quarter ended March 31, 2015.
Financial Update First Quarter 2015
Net revenues of $204.8 million, comprised of net revenues from real estate ownership of $170.5 million and net revenues from the Managed REITs of $34.4 million  Â
AFFO of $130.0 million, equivalent to $1.22 per diluted share Â
Reaffirm 2015 AFFO guidance range of $4.76 to $5.02 per diluted share Â
Quarterly...
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May 15, 2015 5:52 PM EDT
NEW YORK, May 15, 2015 /PRNewswire/ -- Carey Watermark Investors 2 Incorporated (CWI 2) announced today that it has raised proceeds sufficient to break escrow in connection with its initial public offering. CWI 2 has now admitted initial investors as stockholders. New stockholders will continue to be admitted on a daily basis. Â
CWI 2 intends to use the proceeds from its offering to acquire a diversified portfolio of lodging and lodging related properties. Lodging properties acquired may include: full-service branded hotels located in urban settings, resort properties, high-end independent urban and boutique... More
