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

Home SEC Filings W. P. Carey Inc. (WPC) 10-Q Quarterly Report Fri Nov 03 2017
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 Third Quarter 2017 Financial Results


New York, NY – November 3, 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 third quarter ended September 30, 2017.

Total Company
•
Net income attributable to W. P. Carey of $80.3 million, or $0.74 per diluted share
•
AFFO of $148.2 million, or $1.37 per diluted share
•
2017 AFFO guidance range raised and narrowed to $5.25 to $5.35 per diluted share
•
Quarterly cash dividend raised to $1.005 per share, equivalent to an annualized dividend rate of $4.02 per share

Business Segments

Owned Real Estate
•
Segment net income attributable to W. P. Carey of $56.5 million
•
Segment AFFO of $116.3 million, or $1.07 per diluted share
•
Commenced expansion and build-to-suit projects for an expected total investment of $83.0 million
•
Gross disposition proceeds totaling $59.6 million
•
Portfolio occupancy of 99.8%

Investment Management
•
Segment net income attributable to W. P. Carey of $23.8 million
•
Segment AFFO of $31.9 million, or $0.30 per diluted share
•
Assets under management of $13.2 billion
•
Management of BDC transitioned to Guggenheim Partners
•
Completed wind-down of Carey Financial

W. P. Carey Inc. 9/30/2017 Earnings Release 8-K – 1
The following information was filed by W. P. Carey Inc. (WPC) on Friday, November 3, 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.

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Inside W. P. Carey Inc.'s 10-Q Quarterly Report:

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Ticker: WPC
CIK: 1025378
Form Type: 10-Q Quarterly Report
Accession Number: 0001025378-17-000062
Submitted to the SEC: Fri Nov 03 2017 4:15:05 PM EST
Accepted by the SEC: Fri Nov 03 2017
Period: Saturday, September 30, 2017
Industry: Real Estate Investment Trusts

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