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Strategies & Market Trends : Young and Older Folk Portfolio

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Menominee

To: chowder who wrote (367)	10/26/2021 6:14:55 AM
From: chowder	1 Recommendation Read Replies (1) of 21853

Re: Middle Age Portfolio -- Add On Buy. Enough dividends have accumulated where I plan on adding to WPC today. WPC is a fairly new position in this portfolio and remains a small sized position. I wish to continue building this position by adding on in small lots as we go. I'm looking to increasing our REIT exposure due to inflation on the rise and in an inflationary environment, real estate usually does well. The last earnings report was a beat and raise where the company beat on earnings and revenue, and then raised guidance going forward. I acted on that information, which is shown below, and I continue to add on to the WPC position. WPC does announce earnings this coming Friday the 29th, and I have decided to 'front run' the earnings report with a purchase now and based on this upcoming earnings report, that will decide if I add more next week or not. Here were the results from the last report. W.P. Carey boosts 2021 earnings guidance on investment volume momentum Jul. 30, 2021 8:20 AM ET W. P. Carey Inc. (WPC) By: Liz Kiesche, SA News Editor buzbuzzer/E+ via Getty Images W.P. Carey (NYSE: WPC) raises its 2021 adjusted FFO guidance as it's confident it can maintain a strong pace of investments in the second half of the year. "Our accelerated pace of deal closings during the second quarter brought investment volume for the first half of the year to $1B, driving AFFO growth and putting us on a trajectory to generate record annual deal volume," CEO Jason Fox said. The company now sees adjusted FFO per share of $4.94-5.02 from its previous range of $4.87-4.97; compares with Visible Alpha consensus of $4.96. The revised guidance includes Real Estate adjusted FFO of $4.82-4.90 vs. its previous range of $4.74-4.84.Q2 adjusted FFO per share of $1.27 beats the average analyst estimate of $1.18; increased from $1.22 in Q1.Real Estate Segment AFFO per share of $1.23 vs. $1.19 in Q1. Real Estate portfolio investment volume of $780.0M brings total investment volume for H1 2021 to $993.7M. * Overall collection rate was 99% for Q2 2021 rent due and portfolio occupancy stood at 98.0% at quarter-end vs. 98.3% at Q1-end.Total company revenue of $319.7M exceeds the $315.0M consensus and increased from $311.2M in Q1. *

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