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W. P. Carey NYSE:WPC Stock Report

Last Price

US$54.25

Market Cap

US$11.9b

7D

-4.9%

1Y

-16.4%

Updated

22 Dec, 2024

Data

Company Financials +

W. P. Carey Inc.

NYSE:WPC Stock Report

Market Cap: US$11.9b

WPC Stock Overview

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023. More details

WPC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance1/6
Financial Health3/6
Dividends4/6

Rewards

Trading at 60.5% below our estimate of its fair value

Earnings are forecast to grow 6.41% per year

Risk Analysis

Large one-off items impacting financial results

Has a high level of debt

Unstable dividend track record


My Notes

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WA
Analyst Price Target
Consensus Narrative from 11 Analysts

Bankrupt Tenants Like True Value Will Impact Net Lease REIT's Future Cash Flows

Key Takeaways Increased competition in North America could pressure cap rates, complicating future asset acquisitions and affecting revenue growth. Uncertainty in tenant credit and potential rent disruptions from bankrupt tenants like True Value may impact net margins and cash flow unpredictably.
View narrative
US$60.45
FV
10.3% undervalued intrinsic discount
7.17%
Revenue growth p.a.
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12users have followed this narrative
3 days ago author updated this narrative

W. P. Carey Inc. Competitors

Essential Properties Realty Trust

NYSE:EPRT

US$5.4b

Broadstone Net Lease

NYSE:BNL

US$3.2b

Empire State Realty Trust

NYSE:ESRT

US$2.8b

Empire State Realty OP

ARCA:ESBA

US$2.7b

Price History & Performance

Summary of share price highs, lows and changes for W. P. Carey
Historical stock prices
Current Share PriceUS$54.25
52 Week HighUS$67.40
52 Week LowUS$53.09
Beta0.98
1 Month Change-4.99%
3 Month Change-14.36%
1 Year Change-16.41%
3 Year Change-32.88%
5 Year Change-31.84%
Change since IPO145.20%

Recent News & Updates

W. P. Carey: No Pain, No Gain - Dividend Story Remains Rich

Dec 14

W. P. Carey: Staying The Course With This Name

Nov 25

W. P. Carey: You'll Regret Not Picking Up This 6% Yield

Nov 15

W. P. Carey: Buy The Dip Hand Over Fist

Nov 08

Recent updates

W. P. Carey: No Pain, No Gain - Dividend Story Remains Rich

Dec 14

W. P. Carey: Staying The Course With This Name

Nov 25

W. P. Carey: You'll Regret Not Picking Up This 6% Yield

Nov 15

W. P. Carey: Buy The Dip Hand Over Fist

Nov 08

W. P. Carey Inc. (NYSE:WPC) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Nov 01
W. P. Carey Inc. (NYSE:WPC) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

W. P. Carey: Discounted Status Triggers Rich Dividends And Upside Potential

Oct 20

W. P. Carey: Still Too Cheap To Pass On

Sep 30

W.P. Carey: The Good, The Bad, And The Ugly

Sep 18

W. P. Carey: A 6%-Yielding REIT Growth Play

Sep 10

W. P. Carey: The 6% Yield Is Safe

Sep 03

W. P. Carey Offers Double-Digit Annualized Return Potential

Aug 15

An Important Q2 Earnings Update For W. P. Carey Investors

Aug 01

W. P. Carey: 3 Key Items To Watch With Q2 Earnings

Jul 23

W. P. Carey: The Good And The Bad, I'm Not Adding

Jul 17

W. P. Carey: Returning To A New Normal

Jul 03

W. P. Carey: The Tide Is Turning With A 6% Yield

Jun 13

W. P. Carey: Now My Second-Biggest Portfolio Position

Jun 06

W. P. Carey: Fully Valued

May 29

Missed The Bottom? W. P. Carey At $60 Is Still A Goldmine For Investors

May 22

W. P. Carey Has Crashed: Buy, Hold, Or Sell?

May 13

W. P. Carey Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

May 03
W. P. Carey Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

W. P. Carey Stock Q1 Earnings: Time To Buy Hand-Over-Fist

May 02

W. P. Carey: Office Market Exit Creates Growth Potential

Apr 15

W. P. Carey: Mr. Market Is Giving Second Chances To Investors

Apr 05

W. P. Carey: Fears Have Likely Peaked, Time To Turn Bullish (Rating Upgrade)

Mar 24

W. P. Carey Or W. P. Scary?

Feb 20

W. P. Carey: A Value Scoop With A 6.1% Yield

Feb 13

W. P. Carey Q4 Earnings Preview: The Stock Is Getting Attractive Again

Feb 07

W. P. Carey: Post-Hoc Exploitation Of Irrational Behavior

Jan 22

3 Takeaways For Realty Income Investors From W. P. Carey's Case

Jan 11

W. P. Carey: Positive Outlook Once Office Sales Are Finalized

Jan 04

W. P. Carey: The Bulls Have Been Validated, But There's More Upside Ahead

Dec 19

W. P. Carey: What Happens After Stock Decline

Nov 28

W. P. Carey: The Prudent REIT In An Elevated Interest Rate Environment

Nov 18

W. P. Carey: Great Value Even After Dividend Cut

Nov 12

W.P. Carey Absolutely Clobbers Investors

Nov 05

W. P. Carey Will Still Yield 7% After The Dividend Cut

Oct 27

W. P. Carey: A Buy, Following Its Office Spin-Off

Oct 17

W. P. Carey Stock: The More It Drops, The More I Buy

Oct 10

W. P. Carey: When Management Turns Sour

Oct 03

W. P. Carey's Misunderstood Spinoff

Sep 25

W. P. Carey: A Gift For Passive Income Seekers

Sep 19

W. P. Carey Is Fairly Valued: No Margin Of Safety

Sep 12

Retirement Passive Income: W. P. Carey Stock Has Gotten Much Too Cheap

Sep 01

W. P. Carey: Has The Market Lost Its Mind? No, The Market Is Right

Aug 23

W. P. Carey: Undervalued Income Stock For Opportunistic REIT Investors

Aug 13

W. P. Carey Stock: Buy The Dip After Q2 Results

Aug 01

W. P. Carey Stock: 3 Big Storylines To Monitor In Q2 Earnings

Jul 26

Buy The Dip, Earn 6% And More Forever: W. P. Carey

Jul 13

CEO's Call: Seizing The Moment As W. P. Carey Stock Slides 20% With A 6.3% Yield

Jul 06

W. P. Carey: The End Of Volatility May Be Here - Return To Predictability

Jun 23

W.P. Carey: 'Built For A Recession'

Jun 16

W. P. Carey: Back At A Bargain Again

Jun 05

W. P. Carey Yields Over 6% Again: Highlighting Overlooked Risks

May 23

Shareholder Returns

WPCUS REITsUS Market
7D-4.9%-5.4%-2.4%
1Y-16.4%-4.8%23.3%

Return vs Industry: WPC underperformed the US REITs industry which returned -4.8% over the past year.

Return vs Market: WPC underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is WPC's price volatile compared to industry and market?
WPC volatility
WPC Average Weekly Movement2.4%
REITs Industry Average Movement3.3%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: WPC has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: WPC's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1973197Jason Foxwww.wpcarey.com

W. P. Carey ranks among the largest net lease REITs with a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,424 net lease properties covering approximately 173 million square feet and a portfolio of 89 self-storage operating properties as of December 31, 2023. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations.

W. P. Carey Inc. Fundamentals Summary

How do W. P. Carey's earnings and revenue compare to its market cap?
WPC fundamental statistics
Market capUS$11.87b
Earnings (TTM)US$558.11m
Revenue (TTM)US$1.59b

21.3x

P/E Ratio

7.5x

P/S Ratio

Is WPC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WPC income statement (TTM)
RevenueUS$1.59b
Cost of RevenueUS$125.07m
Gross ProfitUS$1.46b
Other ExpensesUS$903.91m
EarningsUS$558.11m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.55
Gross Margin92.12%
Net Profit Margin35.17%
Debt/Equity Ratio92.9%

How did WPC perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

87%

Payout Ratio

Does WPC pay a reliable dividends?

See WPC dividend history and benchmarks
When do you need to buy WPC by to receive an upcoming dividend?
W. P. Carey dividend dates
Ex Dividend DateDec 31 2024
Dividend Pay DateJan 15 2025
Days until Ex dividend9 days
Days until Dividend pay date24 days

Does WPC pay a reliable dividends?

See WPC dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:49
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

W. P. Carey Inc. is covered by 25 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard MilliganBaird
Brendan LynchBarclays
Richard HightowerBarclays