W. P. Carey Reports Strong Q3 Results with 11% AFFO Growth and Increased Guidance
W. P. Carey Inc. (WPC) reported robust third-quarter financial results, highlighted by an 11% year-over-year increase in Adjusted Funds From Operations (AFFO). The company's strategic pivot toward industrial and warehouse assets—which now comprise 64% of its portfolio—has driven strong demand and rising same-store rents. Driven by these performance metrics, the company has raised its full-year adjusted FFO guidance. With a dividend coverage ratio of 140%, WPC maintains a stable position to support its current 5%+ yield and potential for future quarterly increases. Analysts suggest the stock may have significant upside if it achieves higher valuation multiples through continued growth and acquisitions.
Tickers: $WPC
Topics: AFFO growth Dividend coverage Guidance increase Industrial real estate