What's In Store For W. P. Carey (WPC) This Earnings Season?
Zacks Investment Research | Nov 01, 2018 06:48AM ET
W. P. Carey Inc. (NYSE:WPC) is set to report third-quarter 2018 results before the market opens on Nov 2. Both its revenues and funds from operations (FFO) are anticipated to reflect year-over-year growth.
In the last reported quarter, this New York-based net-lease REIT delivered a positive surprise of 4.76% with respect to FFO per share.
The company has a decent surprise history. It surpassed estimates in each of the trailing four quarters, the average positive surprise being 11.85%. The graph below depicts the surprise history of the company:
W.P. Carey Inc. Price and EPS Surprise
Let’s see how things have shaped up for this announcement.
Factors to Consider
W. P. Carey is a diversified net lease REIT having a portfolio of critical corporate real estate which it leases back to creditworthy tenants on a long-term basis with built-in rent escalators. The company particularly invests in high-quality single-tenant industrial, warehouse, office and retail properties.
The properties are located mainly in the United States, and Northern and Western Europe. The company boasts portfolio diversification by tenant, property type, geographic location and tenant industry.
Recently, W. P. Carey announced the completion of its $5.9-billion merger with one of its managed funds, Corporate Property Associates 17 – Global Incorporated (CPA:Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.