W. P. Carey (WPC) Misses Q1 FFO by 2c, FY FFO Guidance Tops Views at Midpoint

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W. P. Carey Inc. Announces First Quarter 2017 Financial Results

May 9, 2017 7:30 AM EDT

NEW YORK, May 9, 2017 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), an internally-managed net lease real estate investment trust, today reported its financial results for the first quarter ended March 31, 2017.

Total Company

Net income attributable to W. P. Carey of $57.5 million, or $0.53 per diluted share               AFFO of $134.2 million, or $1.25 per diluted share                  Affirm 2017 AFFO guidance range of $5.10 to $5.30 per diluted share                         Quarterly cash dividend raised to $0.9950 per share, equivalent to an annualized dividend rate of $3.98 per share

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