W.P. Carey Q4 AFFO Per Share $1.19 Misses $1.21 Estimate, Sales $410.38M Miss $422.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
W.P. Carey (NYSE:WPC) reported Q4 AFFO per share of $1.19, missing the $1.21 estimate, and sales of $410.38M, missing the $422.12M estimate. This represents a 7.75% decrease in AFFO per share and a 2.05% increase in sales from the same period last year.
February 09, 2024 | 12:32 pm
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NEGATIVE IMPACT
W.P. Carey reported a Q4 AFFO per share of $1.19, missing estimates, and sales of $410.38M, also below expectations. This reflects a decrease in AFFO per share but an increase in sales year-over-year.
Missing both AFFO per share and sales estimates indicates potential concerns about the company's profitability and revenue growth, likely leading to a negative short-term impact on W.P. Carey's stock price. The decrease in AFFO per share compared to last year further emphasizes the company's current challenges, while the slight increase in sales year-over-year provides a somewhat mitigating factor.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100