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Market Cap

US$12.6b

Last Updated

2021/04/16 22:11 UTC

Data Sources

Company Financials +

Executive Summary

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. More Details


Snowflake Analysis

6 star dividend payer with solid track record.


Similar Companies

Share Price & News

How has W. P. Carey's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: WPC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: WPC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

2.2%

WPC

2.4%

US REITs

1.3%

US Market


1 Year Return

14.5%

WPC

26.1%

US REITs

53.9%

US Market

Return vs Industry: WPC underperformed the US REITs industry which returned 29.9% over the past year.

Return vs Market: WPC underperformed the US Market which returned 57.5% over the past year.


Shareholder returns

WPCIndustryMarket
7 Day2.2%2.4%1.3%
30 Day1.5%3.9%3.3%
90 Day7.2%13.5%8.9%
1 Year21.8%14.5%31.4%26.1%56.6%53.9%
3 Year40.4%17.6%46.4%28.7%64.4%53.6%
5 Year60.0%18.6%53.4%22.5%120.4%95.7%

Long-Term Price Volatility Vs. Market

How volatile is W. P. Carey's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is W. P. Carey undervalued compared to its fair value and its price relative to the market?

35.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: WPC ($72.21) is trading below our estimate of fair value ($112.51)

Significantly Below Fair Value: WPC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: WPC is good value based on its PE Ratio (27.7x) compared to the US REITs industry average (47.3x).

PE vs Market: WPC is poor value based on its PE Ratio (27.7x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: WPC is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: WPC's PB Ratio (1.8x) is in line with the US REITs industry average.


Future Growth

How is W. P. Carey forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

18.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: WPC's forecast earnings growth (18.6% per year) is above the savings rate (2%).

Earnings vs Market: WPC's earnings (18.6% per year) are forecast to grow faster than the US market (18.4% per year).

High Growth Earnings: WPC's earnings are forecast to grow, but not significantly.

Revenue vs Market: WPC's revenue (3.7% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: WPC's revenue (3.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: WPC's Return on Equity is forecast to be low in 3 years time (14%).


Past Performance

How has W. P. Carey performed over the past 5 years?

14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WPC has high quality earnings.

Growing Profit Margin: WPC's current net profit margins (37.1%) are higher than last year (25.3%).


Past Earnings Growth Analysis

Earnings Trend: WPC's earnings have grown by 14.6% per year over the past 5 years.

Accelerating Growth: WPC's earnings growth over the past year (49.2%) exceeds its 5-year average (14.6% per year).

Earnings vs Industry: WPC earnings growth over the past year (49.2%) exceeded the REITs industry -4.4%.


Return on Equity

High ROE: WPC's Return on Equity (6.8%) is considered low.


Financial Health

How is W. P. Carey's financial position?


Financial Position Analysis

Short Term Liabilities: WPC's short term assets ($1.1B) exceed its short term liabilities ($644.9M).

Long Term Liabilities: WPC's short term assets ($1.1B) do not cover its long term liabilities ($7.2B).


Debt to Equity History and Analysis

Debt Level: WPC's debt to equity ratio (97.4%) is considered high.

Reducing Debt: WPC's debt to equity ratio has reduced from 125.6% to 97.4% over the past 5 years.

Debt Coverage: WPC's debt is not well covered by operating cash flow (12%).

Interest Coverage: WPC's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is W. P. Carey current dividend yield, its reliability and sustainability?

5.81%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: WPC's dividend (5.81%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: WPC's dividend (5.81%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: WPC's dividends per share have been stable in the past 10 years.

Growing Dividend: WPC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (83.9%), WPC's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: WPC's dividends in 3 years are forecast to be covered by earnings (88.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Jason Fox (47 yo)

3.25yrs

Tenure

US$7,405,905

Compensation

Mr. Jason E. Fox has been Chief Executive Officer, President and Director of Corporate Property Associates 18 - Global Incorporated since January 1, 2018. Mr. Fox serves as the Chief Executive Officer of W...


CEO Compensation Analysis

Compensation vs Market: Jason's total compensation ($USD7.41M) is below average for companies of similar size in the US market ($USD11.02M).

Compensation vs Earnings: Jason's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: WPC's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: WPC's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

W. P. Carey Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: W. P. Carey Inc.
  • Ticker: WPC
  • Exchange: NYSE
  • Founded: 1973
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Market Cap: US$12.582b
  • Shares outstanding: 176.57m
  • Website: https://www.wpcarey.com

Number of Employees


Location

  • W. P. Carey Inc.
  • One Manhattan West
  • 395 9th Avenue,
  • New York
  • New York
  • 10001
  • United States

Listings


Biography

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 ne...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/16 22:11
End of Day Share Price2021/04/16 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.