W. P. Carey Inc. (WPC) SEC Filing 10-Q Quarterly report for the period ending Friday, June 30, 2017

Earnings Press Release
10-Q Quarterly Report
10-Q QoQ Changes
W. P. Carey Inc.
Ticker: WPC CIK: 1025378

Exhibit 99.1

FOR IMMEDIATE RELEASE

Institutional Investors:

Peter Sands

W. P. Carey Inc.

212-492-1110

institutionalir@wpcarey.com

Individual Investors:

W. P. Carey Inc.

212-492-8920

ir@wpcarey.com

Press Contact:

Guy Lawrence

Ross & Lawrence

212-308-3333

gblawrence@rosslawpr.com

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

New York, NY – August 4, 2017 – 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 second quarter ended June 30, 2017.

Total Company


•	Net income attributable to W. P. Carey of $64.3 million, or $0.59 per diluted share


•	AFFO of $148.4 million, or $1.38 per diluted share


•	Affirm 2017 AFFO guidance range of $5.10 to $5.30 per diluted share


•	Quarterly cash dividend raised to $1.00 per share, equivalent to an annualized dividend rate of $4.00 per share


•	As previously announced, the Company’s Board of Directors approved a plan to exit all non-traded retail fundraising activities as of June 30, 2017

Business Segments

Owned Real Estate


•	Segment components revised to exclude equity income from the Company’s interests in the Managed REITs


•	Segment net income attributable to W. P. Carey of $43.5 million


•	Segment AFFO of $117.4 million, or $1.09 per diluted share


•	Completed investments totaling $60.3 million


•	Gross disposition proceeds totaling $20.1 million


•	Portfolio occupancy of 99.3%

Investment Management


•	Segment components revised to include equity income from the Company’s interests in the Managed REITs


•	Segment net income attributable to W. P. Carey of $20.8 million


•	Segment AFFO of $31.0 million, or $0.29 per diluted share

W. P. Carey Inc. 6/30/2017 Earnings Release 8-K – 1

The following information was filed by W. P. Carey Inc. (WPC) on Friday, August 4, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate W. P. Carey Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by W. P. Carey Inc..

Continue

Please wait while we load the requested 10-Q report or click the link below:

https://last10k.com/sec-filings/report/1025378/000102537817000049/wpc2017q210-q.htm