W.P. Carey Q2 net income rises to $185.39 million from year-ago quarter; revenue increases to $461.06 million - WPC News | RalliesW.P. Carey Q2 net income rises to $185.39 million from year-ago quarter; revenue increases to $461.06 million
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WPC• Second-quarter results
- W.P. Carey Q2 revenue rose 7.03% to $461.06 million; net income attributable to shareholders more than doubled to $185.39 million.
- AFFO (non-GAAP) increased 8.06% to $305.44 million, reflecting accretive net investment activity, partly offset by higher interest expense.
Six-month results and capital activity
- Six-month revenue climbed 8.91% to $915.57 million; net income more than doubled to $361.69 million.
- Acquired 15 investments totaling $1.3 billion; disposed of 28 properties for $232.7 million, including remaining self-storage operating properties for $73 million.
- Completed a $350 million 5.200% Senior Notes due 2036 offering; prepaid $350 million 4.250% Senior Notes with no prepayment costs.
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