W. P. Carey (NYSE:WPC) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.74b (up 18% from FY 2022).

• Funds from operations (FFO): US$1.06b (down 4.0% from FY 2022).

• FFO margin: 61% (down from 75% in FY 2022).

• FFO per share: US$4.9 (down from US$5.54 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

W. P. Carey EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the REITs industry in the US.

Performance of the American REITs industry.

The company's shares are down 6.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - W. P. Carey has 5 warning signs (and 2 which are a bit unpleasant) we think you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.