NYSE$WPC

WP Carey Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

W. P. Carey Inc. reported financial results for the fourth quarter and full year ended December 31, 2021.

W. P. Carey Inc. reported fourth-quarter revenues of $374.9 million, a 22.0% increase from the same period last year. Net income attributable to W. P. Carey was $99.6 million, and AFFO per diluted share was $1.30, up 8.3% from the prior year.

  • Investment volume of $531.8 million during the fourth quarter, bringing total investment volume for 2021 to a record $1.72 billion
  • Overall collection rate of over 99.8% for fourth quarter rent due
  • Portfolio occupancy of 98.5%
  • Issued $350 million of 2.450% Senior Unsecured Notes due 2032 in the Company’s inaugural green bond offering

Headline financials

Total Revenue

$370M

Previous: $302M+22.5%
EPS (adj)

$1.30

Previous: $1.20+8.3%
Net Lease Properties

1.3K

Previous: 1.2K+4.9%
Tenants

352

Previous: 350+0.6%
Square Feet Leased

156.0M

Previous: 144.0M+8.3%
Occupancy Rate

98.5%

Previous: 98.5%+0.0%
Weighted-Average Lease Term

10.8

Previous: 10.6+1.9%
Net Income

$99.6M

Previous: $135M-26.0%
Operating Income

$174M

Previous: $129M+34.8%

Revenue & EPS history

WP Carey · Revenue · Quarterly

$370M

Q4 2021+22.5%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

WP Carey · $313M total across 3 segments · Q4 2021

  • Lease revenues
    $305M+2.3%
  • Operating property revenues
    $4M+97.1%
  • Asset management revenue
    $3.57M-7.6%

Forward guidance

For the 2022 full year, the Company expects to report total AFFO of between $5.18 and $5.30 per diluted share, including Real Estate AFFO of between $5.03 and $5.15 per diluted share, based on full-year investment volume of between $1.5 billion and $2.0 billion

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro