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W. P. Carey Inc. (DE:WPY)
FRANKFURT:WPY
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Earnings Data
Report Date
Feb 07, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.57Last Year’s EPS
0.94Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 02, 2018
|% Change Since: 4.59%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a generally optimistic outlook with a strong investment pipeline and significant liquidity. However, concerns over tenant credit issues and rising interest expenses temper the positive aspects. The company remains confident in achieving its investment goals and managing its portfolio effectively.Company Guidance
During the W. P. Carey Q3 2024 earnings call, the company provided detailed guidance on its investment activities, highlighting a targeted full-year investment volume of $1.5 billion, with a pipeline of identified deals totaling over $500 million. The company has completed $167 million in new investments during the third quarter and an additional $231 million post-quarter, bringing the year-to-date transaction volume to approximately $1 billion. W. P. Carey expects to achieve average cap rates in the mid-7% range, consistent with year-to-date figures. Additionally, the company disclosed it does not anticipate needing to raise equity or exceed its long-term leverage targets to fund planned investments, thanks to $800 million in cash and a $2 billion revolver. AFFO guidance for 2024 was narrowed to $4.65-$4.71 per share, reflecting adjustments for Lineage dividend income and delayed transaction closings. The company also discussed potential tenant credit risks, notably mentioning True Value's bankruptcy, and estimated a 100 basis point potential rent loss in 2025, excluding True Value-related impacts.Strong Pipeline and Investment Volume
W. P. Carey has completed $1 billion in year-to-date deal volume with a robust pipeline identified for over $500 million, aiming to achieve the $1.5 billion midpoint of full-year investment volume guidance.
Significant Liquidity Position
The company ended the third quarter with approximately $2.6 billion in total liquidity, including over $800 million in cash and a minimally drawn $2 billion revolver.
Positive Re-leasing Spreads
The company achieved 103% recapture of prior rents overall and extended lease terms by 7.2 years through re-leasing activities in the third quarter.
Net Lease Conversion of Self-Storage Properties
Converted 16 self-storage operating properties to net leases, adding long-term net lease revenue with Extra Space, and resetting rents higher on 27 existing Extra Space net lease properties.
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DE:WPY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:WPY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | €51.57 | €50.59 | -1.91% |
| Jul 30, 2024 | €54.46 | €51.57 | -5.31% |
| Apr 30, 2024 | €48.88 | €49.65 | +1.56% |
| Feb 09, 2024 | €53.33 | €49.83 | -6.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does W. P. Carey Inc. (DE:WPY) report earnings?
W. P. Carey Inc. (DE:WPY) is schdueled to report earning on Feb 07, 2025, TBA Not Confirmed.
What is W. P. Carey Inc. (DE:WPY) earnings time?
W. P. Carey Inc. (DE:WPY) earnings time is at Feb 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of W. P. Carey Inc. stock?
The P/E ratio of W. P. Carey Inc. is N/A.
What is DE:WPY EPS forecast?
DE:WPY EPS forecast for the fiscal quarter 2024 (Q4) is 0.57.
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