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W. P. Carey NYSE:WPC Stock Report

Last Price

US$60.73

Market Cap

US$13.3b

7D

2.5%

1Y

-4.6%

Updated

05 Sep, 2024

Data

Company Financials +

W. P. Carey Inc.

NYSE:WPC Stock Report

Market Cap: US$13.3b

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.

About the company

WPC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends4/6

Rewards

Trading at 55.8% below our estimate of its fair value

Risk Analysis

Interest payments are not well covered by earnings
Earnings are forecast to decline by an average of 0.5% per year for the next 3 years
Unstable dividend track record
Shareholders have been diluted in the past year

Community Narratives

Narratives bring a range of perspectives from our community.

WA
WarrenAI
Based on Analyst Price Targets

Sale Of Key Assets And Costly Expansions Threaten Growth Amid Analyst Optimism

US$60.09
FV
1.1% overvalued intrinsic discount
5.41%
Revenue growth p.a.
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1users have followed this narrative
15 days agoauthor updated this narrative

W. P. Carey Inc. Competitors

Essential Properties Realty Trust

NYSE:EPRT

US$5.7b

Broadstone Net Lease

NYSE:BNL

US$3.6b

Empire State Realty Trust

NYSE:ESRT

US$2.9b

Empire State Realty OP

ARCA:ESBA

US$2.8b

Price History & Performance

Summary of all time highs, changes and price drops for W. P. Carey
Historical stock prices
Current Share PriceUS$60.73
52 Week HighUS$67.40
52 Week LowUS$51.36
Beta0.96
11 Month Change6.32%
3 Month Change8.04%
1 Year Change-4.59%
33 Year Change-21.66%
5 Year Change-31.55%
Change since IPO174.49%

Recent News & Updates

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

Recent updates

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

If EPS Growth Is Important To You, W. P. Carey (NYSE:WPC) Presents An Opportunity

Jul 05
If EPS Growth Is Important To You, W. P. Carey (NYSE:WPC) Presents An Opportunity

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

Here's Why We Think W. P. Carey (NYSE:WPC) Might Deserve Your Attention Today

Mar 13
Here's Why We Think W. P. Carey (NYSE:WPC) Might Deserve Your Attention Today

W. P. Carey FFO of $1.29 beats by $0.03, revenue of $402.63M beats by $11.98M

Feb 10

W. P. Carey: An Assuring Business Model Key For Prosperity

Feb 03

W. P. Carey: Only Slightly Undervalued

Jan 03

W. P. Carey declares $1.065 dividend

Dec 09

W. P. Carey FFO of $1.36 beats by $0.10, revenue of $382.08M beats by $11.91M

Nov 04

Shareholder Returns

WPCUS REITsUS Market
7D2.5%0.9%-1.4%
1Y-4.6%8.1%21.1%

Return vs Industry: WPC underperformed the US REITs industry which returned 8.1% over the past year.

Return vs Market: WPC underperformed the US Market which returned 21.1% over the past year.

Price Volatility

Is WPC's price volatile compared to industry and market?
WPC volatility
WPC Average Weekly Movement3.1%
REITs Industry Average Movement3.6%
Market Average Movement6.3%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market3.1%

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

Volatility Over Time: WPC's weekly volatility (3%) 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$13.25b
Earnings (TTM)US$571.45m
Revenue (TTM)US$1.64b

23.3x

P/E Ratio

8.1x

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$1.64b
Cost of RevenueUS$135.90m
Gross ProfitUS$1.51b
Other ExpensesUS$936.11m
EarningsUS$571.45m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.61
Gross Margin91.73%
Net Profit Margin34.77%
Debt/Equity Ratio93.8%

How did WPC perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

82%

Payout Ratio