W. P. Carey Inc. (NYSE:WPC) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET

Company Participants

Peter Sands - Head, Investor Relations
Jason Fox - Chief Executive Officer
Toni Sanzone - Chief Financial Officer
Brooks Gordon - Head, Asset Management

Conference Call Participants

Michael Goldsmith - UBS
Mitch Germain - Citizens JMP
Anthony Paolone - JPMorgan
James Kammert - Evercore
Greg McGinniss - Scotiabank
John Kim - BMO Capital Markets
Nick Joseph - Citi
Brad Heffern - RBC
Farrell Granath - Bank of America
Spenser Allaway - Green Street

Operator

Hello, and welcome to W. P. Carey's Third Quarter 2024 Earnings Conference Call. My name is Diego and I will be your operator today. [Operator Instructions] Please note that today's event is being recorded. [Operator Instructions]

I will now turn the program - today's program over to Peter Sands, Head of Investor Relations. Mr. Sands, please go ahead.

Peter Sands

Good morning, everyone, and thank you for joining us this morning for our 2024 third-quarter earnings call. Before we begin, I would like to remind everyone that some of the statements made on this call are not historic facts and may be deemed forward-looking statements. Factors that could cause actual results to differ materially from W. P. Carey's expectations are provided in our SEC filings. An online replay of this conference call will be made available in the Investor Relations section of our website at wpcarey.com, where it will be archived for approximately one year and where you can also find copies of our investor presentations and other-related materials.

And with that, I will hand the call over to our Chief Executive Officer, Jason Fox.

Jason Fox

Thank you, Peter, and good morning, everyone.

This morning, I'll briefly cover several topics, starting with the transaction environment, the investment volume we've completed to date, and the strength of our deal pipeline. I'll also cover tenant credit, including an update on some of our top tenants. I'm joined by Toni Sanzone, our CFO, who will cover the details of our third quarter results, guidance, and balance sheet; as well as Brooks Gordon, our Head of Asset Management, who will take questions.

Starting with the transaction environment. Since the end of summer, we've seen a solid increase in overall transaction activity and have been getting greater traction on deals, keeping us very much on track to achieve the midpoint of our full-year investment volume guidance.