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Last $68.03 USD
Change Today +0.03 / 0.04%
Volume 349.6K
WPC On Other Exchanges
Symbol
Exchange
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Frankfurt
As of 6:40 PM 04/1/15 All times are local (Market data is delayed by at least 15 minutes).

wp carey inc (WPC) Key Developments

W. P. Carey Inc. Presents at ReitWise 2015, Apr-01-2015 11:15 AM

W. P. Carey Inc. Presents at ReitWise 2015, Apr-01-2015 11:15 AM. Venue: JW Marriott Desert Ridge Resort & Spa, Phoenix, Arizona, United States. Speakers: Adam Cohen, Executive Director-Tax.

W. P. Carey Inc. Announces Increased Quarterly Cash Dividend, Payable on April 15, 2015

W. P. Carey Inc. reported that its Board of Directors increased its quarterly cash dividend to $0.9525 per share, equivalent to an annualized dividend rate of $3.81 per share. Payable on April 15, 2015 to stockholders of record as of March 31, 2015.

W. P. Carey Inc. Reports Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year 2015

W. P. Carey Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, revenue was $167,111,000 compared to $82,014,000 a year ago. Income from continuing operations before income taxes and gain on sale of real estate was $34,534,000 compared to $10,949,000 a year ago. Net income attributable to the company was $32,272,000 or $0.30 per diluted share compared to $23,022,000 or $0.33 per diluted share a year ago. Income from continuing operations, net of tax was $31,967,000 compared to $9,756,000 a year ago. FFO was $104,669,000 or $0.99 per diluted share compared to $45,247,000 or $0.65 per diluted share a year ago. AFFO was $125,605,000 or $1.19 per diluted share which was up 5.3% compared to $1.13 for the 2014 third quarter, and compared to $78,113,000 or $1.12 per diluted share a year ago, driven primarily by higher structuring revenue due to increased investment activity on behalf of the managed REITs. For the year, revenue was $643,130,000 compared to $315,965,000 a year ago. Income from continuing operations before income taxes and gain on sale of real estate was $228,779,000 compared to $95,569,000 a year ago. Net income attributable to the company was $239,826,000 or $2.39 per diluted share compared to $98,876,000 or $1.41 per diluted share a year ago. Income from continuing operations, net of tax was $206,329,000 compared to $84,637,000 a year ago. FFO was $455,079,000 or $4.56 per diluted share compared to $193,966,000 or $2.78 per diluted share a year ago. AFFO was $480,466,000 or $4.81 per diluted share compared to $294,151,000 or $4.22 per diluted share a year ago, again, primarily due to the income generated from properties acquired in the company's merger with CPA:16 and partially offset by the subsequent loss of asset management fees from CPA:16. For the 2015 full year, the company affirms that it continues to expect to report AFFO of between $4.76 and $5.02 per diluted share, based on assumed total acquisition volume of between approximately $2.4 billion and $3.1 billion, comprised of approximately $400 million to $600 million for the company's owned real estate portfolio and approximately $2.0 billion to $2.5 billion on behalf of the Managed REITs. The company expects to update its 2015 AFFO guidance in connection with the release of subsequent quarterly earnings.

W. P. Carey Inc. Reports Announces Impairment Charges for the Fourth Quarter Ended December 31, 2014

W. P. Carey Inc. announced impairment charges for the fourth quarter ended December 31, 2014 of $16,776,000 compared to $5,294,000 a year ago.

W. P. Carey Inc. Acquires EUR 38 Million Logistics Facility in Port of Rotterdam

W. P. Carey Inc. announced that it has acquired a logistics facility in the Port of Rotterdam, Netherlands, for approximately of EUR 38 million. The facility is net leased to the European subsidiary of third-party logistics provider Nippon Express Co. Ltd. and was purchased from the developer, Borghese Logistics, which completed construction of the building in October 2014.

 

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WPC

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Valuation WPC Industry Range
Price/Earnings 33.0x
Price/Sales 8.8x
Price/Book 1.9x
Price/Cash Flow 14.8x
TEV/Sales 3.3x
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