NYSE$WPC
WP Carey Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
W. P. Carey Inc. reported financial results for the third quarter ended September 30, 2020.
W. P. Carey Inc. reported a net income attributable to W. P. Carey of $149.4 million, or $0.85 per diluted share, and AFFO of $202.0 million, or $1.15 per diluted share. The company reinstated its 2020 AFFO guidance with a range of $4.65 to $4.75 per diluted share and raised the quarterly cash dividend to $1.044 per share.
- Net income attributable to W. P. Carey of $149.4 million, or $0.85 per diluted share.
- AFFO of $202.0 million, or $1.15 per diluted share.
- 2020 AFFO guidance reinstated with a range of $4.65 to $4.75 per diluted share.
- Quarterly cash dividend raised to $1.044 per share, equivalent to an annualized dividend rate of $4.176 per share.
Headline financials
Revenue & EPS history
WP Carey · Revenue · Quarterly
$302M
Revenue by segment
WP Carey · $300M total across 3 segments · Q3 2020
- Lease revenues$294M—98.1%
- Asset management revenue$3.75M—1.3%
- Operating property revenues$1.97M—0.7%
Forward guidance
The Company has reinstated its guidance for the 2020 full year, and expects to report total AFFO of between $4.65 and $4.75 per diluted share, including Real Estate AFFO of between $4.51 and $4.61 per diluted share, based on the following key assumptions: (i) investments for the Company's Real Estate portfolio of between $750 million and $1 billion; (ii) dispositions from the Company's Real Estate portfolio of between $300 million and $350 million; and (iii) total general and administrative expenses of between $76 million and $79 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
-0.2%
Avg return
Earnings day
-0.7%
Avg return
5 days after
-0.1%
Avg return
30 days after
47%
32 / 68 earnings
Positive
+10.4%
Q2 2011
Best reaction
-8.5%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.8% | -0.3% | +2.4% | |
| Q4 2025 | -0.4% | +2.2% | -1.5% | |
| Q3 2025 | +0.1% | -0.3% | +1.9% | |
| Q1 2025 | +2.1% | +0.6% | +2.6% | |
| Q4 2024 | +2.8% | +4.5% | +11.6% | |
| Q3 2024 | -2.2% | -4.1% | +0.1% | |
| Q2 2024 | -5.1% | -6.0% | -2.8% | |
| Q1 2024 | -1.9% | +1.8% | +0.7% | |
| Q4 2023 | -7.3% | -9.0% | -6.2% | |
| Q3 2023 | -1.9% | -1.0% | +14.4% | |
| Q2 2023 | -5.4% | -6.6% | -9.8% | |
| Q1 2023 | +0.5% | -2.5% | -7.3% | |
| Q4 2022 | +4.9% | +3.2% | -3.3% | |
| Q3 2022 | +4.0% | +4.5% | +9.2% | |
| Q2 2022 | +3.1% | +0.1% | +1.1% | |
| Q1 2022 | -8.5% | -7.1% | -0.8% | |
| Q4 2021 | +2.0% | +3.1% | +7.2% | |
| Q3 2021 | -1.5% | -1.4% | -2.9% | |
| Q2 2021 | -1.2% | -1.2% | -4.0% | |
| Q1 2021 | +3.1% | +1.1% | +2.8% | |
| Q4 2020 | +0.2% | -0.6% | +0.3% | |
| Q3 2020 | +2.9% | +5.7% | +12.5% | |
| Q2 2020 | -0.5% | +0.3% | +1.7% | |
| Q1 2020 | -7.3% | -10.2% | -8.9% | |
| Q4 2019 | +4.0% | +2.1% | -41.8% | |
| Q3 2019 | -3.8% | -6.4% | -9.4% | |
| Q2 2019 | -4.0% | -1.0% | +3.3% | |
| Q1 2019 | -0.5% | -2.1% | +4.7% | |
| Q4 2018 | -0.3% | -1.2% | +4.5% | |
| Q3 2018 | -0.3% | +0.3% | +4.4% | |
| Q2 2018 | +0.2% | -0.1% | +1.5% | |
| Q1 2018 | +3.1% | +3.8% | +5.8% | |
| Q4 2017 | +1.7% | -0.1% | +1.0% | |
| Q3 2017 | +2.0% | +4.0% | +3.8% | |
| Q2 2017 | -0.1% | -1.8% | +2.5% | |
| Q1 2017 | -0.5% | -0.1% | +7.8% | |
| Q4 2016 | +1.3% | -0.7% | -3.0% | |
| Q3 2016 | -1.4% | +0.3% | -1.9% | |
| Q2 2016 | -2.1% | -2.2% | -6.8% | |
| Q1 2016 | +0.8% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | -3.0% | — | — | |
| Q1 2015 | -2.0% | — | — | |
| Q4 2014 | -3.6% | — | — | |
| Q3 2014 | -0.4% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | -0.7% | — | — | |
| Q2 2013 | -2.7% | — | — | |
| Q1 2013 | +3.6% | — | — | |
| Q4 2012 | +2.2% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -2.4% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q1 2012 | +1.1% | — | — | |
| Q4 2010 | -2.6% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q2 2011 | +10.4% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q1 2011 | +0.0% | — | — | |
| Q4 2008 | +3.4% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q2 2010 | +0.8% | — | — | |
| Q2 2009 | +0.8% | — | — |
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