💨 Abstract

Carey Inc. (WPC) reported stronger-than-expected second-quarter profitability. The real estate investment trust (REIT) reported funds from operations of $282.7 million, or $1.28 per share, surpassing analysts' estimates of $1.23 per share. The company also reported net income of $51.2 million and revenue of $430.8 million for the period.

Courtesy: WTOP Staff