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W.P. Carey (WPC) Q1 FFO and Revenues Lag Estimates
WPCW. P. Carey(WPC) ZACKS·2025-04-29 22:50

Core Viewpoint - W.P. Carey (WPC) reported quarterly funds from operations (FFO) of 1.17pershare,missingtheZacksConsensusEstimateof1.17 per share, missing the Zacks Consensus Estimate of 1.20 per share, but showing an increase from 1.14pershareayearago,indicatinga−2.501.14 per share a year ago, indicating a -2.50% surprise in FFO performance [1] Financial Performance - The company posted revenues of 407.44 million for the quarter ended March 2025, which was below the Zacks Consensus Estimate by 0.97%, compared to 389.8millioninthesamequarterlastyear[2]−Overthelastfourquarters,W.P.CareyhassurpassedconsensusFFOestimatestwotimesandtoppedconsensusrevenueestimatestwotimes[2]StockPerformance−W.P.Careyshareshaveincreasedapproximately11.5389.8 million in the same quarter last year [2] - Over the last four quarters, W.P. Carey has surpassed consensus FFO estimates two times and topped consensus revenue estimates two times [2] Stock Performance - W.P. Carey shares have increased approximately 11.5% since the beginning of the year, contrasting with a -6% decline in the S&P 500 [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call [3] Future Outlook - The current consensus FFO estimate for the upcoming quarter is 1.21, with expected revenues of 412.71million,andforthecurrentfiscalyear,theestimateis412.71 million, and for the current fiscal year, the estimate is 4.83 on $1.67 billion in revenues [7] - The estimate revisions trend for W.P. Carey is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [6] Industry Context - The REIT and Equity Trust - Other industry, to which W.P. Carey belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges ahead [8]