W. P. Carey surpasses expectations with strong AFFO and revenue growth
Real estate investment trust (REIT) W. P. Carey reported an adjusted funds from operations (AFFO) of $1.36 per share, beating expectations by $0.07, and revenue of $452.6 million, surpassing estimates by $22.12 million. Despite the positive results, the stock experienced a dip, prompting some investors to see it as a buying opportunity. The performance of REITs is often influenced by rising interest rates, which can impact long-term appreciation. Overall, W. P. Carey is considered a well-run company and a favorite among investors.