W. P. Carey (WPC) reported Q1 adjusted funds from operations late Tuesday of $1.17 per diluted share, up from $1.14 a year earlier.
Analysts polled by FactSet expected $1.19.
Revenue for the quarter ended March 31 was $409.8 million, up from $389.8 million a year earlier.
Two analysts surveyed by FactSet expected $418.4 million.
The real estate investment trust reaffirmed its 2025 adjusted FFO guidance in the range of $4.82 and $4.92 per diluted share. Analysts polled by FactSet expect $4.86.