05:13 PM EDT, 04/30/2024 (MT Newswires) -- WP Carey ( WPC ) Tuesday night reported Q1 adjusted funds from operations of $1.14 per diluted share compared with $1.31 a year earlier.

Analysts polled by Capital IQ expected $1.16.

Revenue for the quarter ended March 31 was $389.8 million, down from $427.8 million a year earlier.

Analysts expected $395.9 million.

For 2024, the real estate investment trust is projecting adjusted FFO of $4.65 and $4.75 per share.

Analysts are looking for $4.69 per share.