W P Carey Inc Announces Second Quarter 2021 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
$210.3
$1.19
2021 AFFO guidance range raised and narrowed to $4.87 to $4.97 per diluted share, including Real Estate AFFO of between $4.74 and $4.84 per diluted share
Quarterly cash dividend raised to $1.048 per share, equivalent to an annualized dividend rate of $4.192 per share
Real Estate Portfolio
Investment volume of $399.9 million year to date, including $213.8 million during the first quarter and $186.1 million subsequent to quarter end
Active capital investments and commitments of $181.0 million outstanding at quarter end, including $129.1 million scheduled to be completed in the remainder of 2021
Gross disposition proceeds of $93.1 million year to date, including $13.7 million during the first quarter and $79.4 million subsequent to quarter end
Balance Sheet and Capitalization
MANAGEMENT COMMENTARY While we re pleased with our fourth quarter and full year results, which reflect the exceptional resiliency of our portfolio during the pandemic, we ve remained focused on external growth, ending the year with a strong rebound in deal volume, said Jason Fox, Chief Executive Officer of W. P. Carey. Given the strength of our near-term pipeline, continued appetite from companies to unlock value through sale leasebacks, our balance sheet flexibility and a supportive cost of capital, we re confident in our ability to generate significantly higher investment volume in 2021.
QUARTERLY FINANCIAL RESULTS
Revenues
Total Company: Revenues, including reimbursable costs, for the 2020 fourth quarter totaled $307.4 million, down 1.2% from $311.2 million for the 2019 fourth quarter.