05:11 PM EDT, 10/29/2024 (MT Newswires) -- W. P. Carey (WPC) reported Q3 adjusted funds from operations late Tuesday of $1.18 per diluted share, down from $1.32 a year earlier.

Analysts polled by Capital IQ expected $1.17.

Revenue in the quarter ended Sept. 30 fell to $397.4 million from $448.6 million a year earlier.

Analysts surveyed by Capital IQ expected 394.4 million.

The company expects 2024 AFFO of $4.65 to $4.71 per diluted share versus previous guidance of $4.63 to $4.73.

Analysts polled by Capital IQ expect $4.69.

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