W. P. Carey Inc. (WPC) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 30, 2018

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

Exhibit 99.1

Filed pursuant to Rule 425 under the Securities Act of 1933, as amended,

and deemed filed pursuant to 14a-12 under the

Securities Exchange Act of 1934, as amended

Filing Person: W. P. Carey Inc.

Subject Company: Corporate Property Associates 17 – Global Incorporated

Commission File No.: 000-52891

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 2018 Financial Results

New York, NY – August 3, 2018 – W. P. Carey Inc. (NYSE: WPC) (W. P. Carey or the Company), a net lease real estate investment trust, today reported its financial results for the second quarter ended June 30, 2018.

Total Company


•	Net income attributable to W. P. Carey of $75.7 million, or $0.70 per diluted share


•	AFFO of $142.6 million, or $1.32 per diluted share


•	2018 AFFO guidance range narrowed to $5.40 to $5.50 per diluted share by raising the lower end of the range


•	Quarterly cash dividend raised to $1.02 per share, equivalent to an annualized dividend rate of $4.08 per share


•	Announced proposed merger with CPA^®:17 in a $6 billion stock-for-stock transaction

Business Segments

Owned Real Estate


•	Segment net income attributable to W. P. Carey of $59.3 million


•	Segment AFFO of $116.5 million, or $1.08 per diluted share


•	Year-to-date total investment volume of $604.9 million, including $289.2 million of investments completed during the second quarter and an additional $209.5 million subsequent to quarter end


•	Gross disposition proceeds totaling $128.3 million


•	Portfolio occupancy of 99.6%


•	Weighted-average lease term increased to 10.0 years

W. P. Carey Inc. 6/30/2018 Earnings Release 8-K – 1

The following information was filed by W. P. Carey Inc. (WPC) on Friday, August 3, 2018 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

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