W.P. Carey Inc. WPC
- Market cap
- $15.2B
- P/E
- 22.6×
Follow WPC
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50.07 | 57.74 | 58.01 | 62.45 | 37.83 | 64.40 | 66.38 | 50.30 | 53.09 | 52.91 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| 71.39 | 70.92 | 69.82 | 91.69 | 87.16 | 81.48 | 87.79 | 84.17 | 67.40 | 69.79 |
High Price
|
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| 281 | 207 | 206 | 204 | 188 | 183 | 193 | 197 | 203 | 199 |
Employees
|
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| 3 | 4 | 4 | 6 | 6 | 7 | 8 | 9 | 8 | 9 |
Revenue/Emp
|
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| 942 | 848 | 886 | 1,233 | 1,209 | 1,332 | 1,479 | 1,741 | 1,583 | 1,716 |
Revenue
|
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| 84.99% | 86.59% | 89.51% | 87.86% | 90.14% | 90.67% | 89.76% | 87.28% | 88.85% | 89.35% |
Gross Margin
|
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| 278 | 288 | 439 | 333 | 445 | 439 | 626 | 752 | 492 | 505 |
EBT
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| 29.54% | 33.93% | 49.54% | 26.99% | 36.81% | 32.94% | 42.34% | 43.20% | 31.10% | 29.41% |
EBT Margin
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| 275 | 285 | 424 | 307 | 466 | 410 | 598 | 708 | 461 | 473 |
Net Income
|
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| 283 | 316 | 349 | 545 | 509 | 548 | 592 | 628 | 532 | 544 |
Depreciation
|
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| 8.82 | 7.87 | 7.54 | 7.21 | 6.93 | 7.30 | 7.41 | 8.09 | 7.19 | 7.78 |
Revenue/Sh
|
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| 2.51 | 2.56 | 3.50 | 1.78 | 2.61 | 2.25 | 3.00 | 3.29 | 2.09 | 2.11 |
Earnings/Sh
|
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| 5.12 | 4.83 | 4.33 | 4.75 | 4.59 | 5.08 | 5.03 | 4.98 | 8.33 | 5.82 |
Cash Flow/Sh
|
|||
| (0.50) | 0.46 | (3.37) | (3.36) | (2.85) | (6.89) | (5.09) | (4.12) | (3.88) | (2.58) |
Capex/Sh
|
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| 4.62 | 5.29 | 0.97 | 1.39 | 1.75 | (1.81) | (0.06) | 0.87 | 4.44 | 3.24 |
Free CF/Sh
|
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| 32.09 | 31.64 | 58.13 | 40.63 | 39.42 | 41.56 | 45.13 | 40.43 | 38.31 | 36.89 |
Book Value/Sh
|
|||
| 107 | 108 | 117 | 171 | 175 | 182 | 200 | 215 | 220 | 221 |
Shares
|
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| 23.62 | 26.16 | 19.16 | 43.79 | 26.59 | 35.88 | 25.55 | 19.95 | 26.07 | 30.50 |
PE Ratio
|
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| 6.67 | 8.51 | 8.49 | 10.87 | 9.98 | 11.01 | 10.35 | 8.14 | 7.58 | 8.27 |
PS Ratio
|
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| 1.83 | 2.12 | 1.10 | 1.93 | 1.75 | 1.93 | 1.70 | 1.63 | 1.42 | 1.74 |
PB Ratio
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| 11.22 | 13.35 | 15.45 | 15.63 | 15.31 | 16.02 | 15.56 | 12.45 | 12.25 | 13.26 |
EV/Sales
|
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| 21.42 | 19.85 | 120.47 | 81.32 | 60.79 | (64.59) | (1,923.10) | 116.08 | 19.82 | 31.88 |
EV/FCF
|
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| 547 | 521 | 509 | 812 | 802 | 926 | 1,004 | 1,073 | 1,833 | 1,282 |
Op' Cash Flow
|
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| (54) | 50 | (396) | (575) | (497) | (1,257) | (1,016) | (887) | (855) | (568) |
Capex
|
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| 493 | 570 | 114 | 237 | 305 | (330) | (12) | 187 | 978 | 714 |
FCF
|
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| (788) | (318) | (278) | (493) | (437) | (407) | (732) | (386) | (12) | (950) |
Working Cap'
|
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| 4,441 | 4,265 | 6,379 | 6,054 | 6,696 | 6,838 | 7,878 | 8,144 | 8,039 | 8,723 |
Total Debt
|
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| 4,285 | 4,103 | 6,161 | 5,858 | 6,447 | 6,672 | 7,710 | 7,510 | 7,399 | 8,567 |
Net Debt
|
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| 3,425 | 3,411 | 6,830 | 6,948 | 6,878 | 7,583 | 9,009 | 8,707 | 8,434 | 8,134 |
Sh' Equity
|
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| 3.11% | 3.32% | 3.67% | 2.16% | 3.17% | 2.72% | 3.57% | 3.93% | 2.60% | 2.63% |
ROA
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| 2.59% | 2.98% | 1.73% | 2.45% | 2.43% | 2.65% | 2.29% | 2.79% | 2.89% | 2.99% |
ROIC
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| 7.66% | 8.11% | 8.04% | 4.43% | 6.59% | 5.67% | 7.22% | 8.00% | 5.38% | 5.63% |
ROE
|
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W.P. Carey Inc. peers in Reit Diversified
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| VICI VICI Properties Inc. | $25.8B | 9.1× | Compare |
| BNL Broadstone Net Lease, Inc. | $3.6B | 24.9× | Compare |
| GNL Global Net Lease, Inc. | $2.0B | 0.0× | Compare |
| AAT American Assets Trust, Inc. | $1.3B | 74.4× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| SAFE Safehold Inc. | $876.7M | 7.6× | Compare |
| JBGS JBG SMITH Properties | $776.8M | 0.0× | Compare |
| CTO CTO Realty Growth, Inc. | $758.0M | 15.2× | Compare |
| ESRT Empire State Realty Trust, Inc. | $701.2M | 137× | Compare |
W.P. Carey Inc. (WPC) key facts
- W.P. Carey Inc. (WPC) is a Reit Diversified company in the Real Estate sector, listed on the New York Stock Exchange.
- W.P. Carey Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, up 8.43% from fiscal 2024.
- Net income was $472.9 million, or $2.11 per share (basic), a net margin of 27.2%.
- As of September 25, 2026, WPC traded at $66.09, a market capitalization of $15.2 billion.
- At that price the stock trades at 22.6× trailing-twelve-month earnings and 8.3× sales.
- W.P. Carey Inc. pays an annual dividend of $4.28 per share, a yield of 7.34%, with a payout ratio of 119.4%.
- Return on equity was 5.63% and debt-to-equity 1.02.
W.P. Carey Inc. (WPC) Latest News
21 Sep
Zacks upgraded W.P. Carey (WPC) to a Zacks Rank #2 (Buy) on an improving earnings picture. The upgrade reflects rising consensus estimates, with WPC expected to earn $5.24 per share in 2026, unchanged year over year, and a 0.6% boost to the consensus over the past three months. The Zacks system links earnings estimate revisions to near-term price moves; ranking WPC among the top 20% of covered stocks suggests potential near-term upside. The article emphasizes that changes in earnings outlook drive stock performance and that Zacks’ framework has historically yielded stronger returns for higher-ranked stocks. Rising earnings estimates and a Buy upgrade can lift near-term sentiment, but lack of a material earnings upgrade or business change limits long-term impact.
20 Sep
W. P. Carey has delivered solid multi-year gains, but recent price weakness raises questions about whether the stock still earns its valuation. Over three years the shares are up about 40%, setting high expectations for how effectively the REIT converts its portfolio into steady earnings. A business update highlights more than US$1.9 billion of identified investment opportunities for 2026 and progress on Hellweg leasing with near-full rent recapture, potentially boosting future rent-driven earnings. At about US$66.26, the stock trades at roughly 23.2x earnings, above the sector average of ~14.3x but well below the high multiples seen in some peers. Analysts diverge on upside, and narratives suggest the stock may be modestly undervalued on earnings, though no explicit guidance is provided. Upcoming US$1.9B investment opportunities and Hellweg rent-recapture progress could lift future earnings and support a more favorable valuation.
1 Aug
W.P. Carey Inc. shared highlights from its Q2 earnings call covering financial results, portfolio performance and outlook. Q2 earnings call updates typically deliver financial details and guidance that moderately influence near-term investor sentiment and stock movement.
30 Jul
W. P. Carey raised AFFO guidance and hiked its dividend, potentially altering the investment case for the company. Raised AFFO guidance combined with dividend increase signals stronger financial outlook and directly supports stock performance.
W.P. Carey Inc. (WPC) Q2 2026 results prompt assessment of whether the stock offers bargain value to investors. Q2 2026 results trigger valuation review that can shift near-term WPC market sentiment.
29 Jul
W.P. Carey Inc. reported Q2 AFFO that beat estimates, supported by investment activity. Q2 AFFO beat signals positive performance that may support near-term valuation without shifting long-term trajectory.
28 Jul
W. P. Carey Inc. announced its financial results for the second quarter of 2026. Quarterly earnings releases provide updated performance metrics that can shift near-term investor sentiment and valuation.
25 Jun
European real estate offers substantial profit potential for investors including W.P. Carey Inc. WPC maintains sizable European property exposure that stands to gain from favorable market conditions.
7 Jun
W.P. Carey reports updated balance sheet metrics alongside new deal activity that shifts the prevailing investment narrative around the company. Balance sheet and deal updates can moderately influence WPC's financial outlook and investor sentiment without fundamentally altering long-term trajectory.
13 May
W.P. Carey Inc. (WPC) expands its 2026 investments to $1.1 billion amid strong deal momentum. Expanding 2026 investments to $1.1B on strong deal momentum represents a major strategic move boosting WPC's growth trajectory and investor sentiment.
12 May
W.P. Carey Inc. announces year-to-date investment volume totaling $1.1 billion. $1.1 billion year-to-date investments signal strong portfolio expansion and revenue growth potential for the REIT.
2 May
W.P. Carey Inc. (WPC) raised AFFO guidance and announced a portfolio shift, potentially altering the investment case for the REIT. Raising AFFO guidance signals stronger financial outlook while portfolio shift indicates major strategic repositioning with significant potential effects on performance and investor sentiment.
W.P. Carey Inc. (WPC) released Q1 earnings call highlights, detailing financial results, portfolio updates, dividend announcements, and outlook amid strategic shifts. Q1 earnings highlights reveal quarterly financial performance and strategic updates with moderate influence on investor sentiment and stock trajectory.
30 Apr
W.P. Carey Inc. (WPC) reported strong investment activity and AFFO growth in its Q1 2026 earnings call. Strong investment activity and AFFO growth represent significant positive drivers for WPC's financial trajectory and investor sentiment.
29 Apr
W.P. Carey Inc. (WPC) Q1 AFFO beat estimates due to strong investment activity and rent growth. Q1 AFFO exceeding estimates signals robust investment and rent growth, likely enhancing financial outlook and investor sentiment.
W.P. Carey Inc. released Q1 2026 earnings call summary detailing financial results, portfolio updates, and outlook. Earnings call summaries provide critical financial metrics and guidance that significantly influence stock performance and investor sentiment.
28 Apr
W.P. Carey Inc. (WPC) topped Q1 FFO and revenue estimates. Beating Q1 FFO and revenue estimates indicates strong financial health, likely driving positive investor sentiment and stock performance.
W.P. Carey Inc. announced first quarter 2026 financial results. Quarterly earnings announcements typically drive significant shifts in investor sentiment and stock valuation for REITs like WPC.
9 Apr
Realty Income and W.P. Carey form a perfect match due to complementary real estate portfolios, diversified assets, stable dividends, and growth potential, positioning them as ideal partners for investors seeking reliable income and expansion. Highlighting synergies with Realty Income signals major strategic alignment boosting WPC's competitive edge and investor appeal.
5 Apr
W.P. Carey Inc. (WPC) valuation improves as analyst rankings rise and earnings outlook strengthens. Improved analyst rankings and earnings outlook moderately enhance WPC's financial perception and market sentiment.
3 Apr
W.P. Carey Inc. (WPC) stock rating upgraded to Buy, highlighting strong investment potential amid positive analyst outlook. Rating upgrade to Buy boosts investor sentiment and signals potential for significant stock price appreciation.
1 Apr
W.P. Carey Inc. invested $580 million in Q1 2026 and amended its credit agreement. $580M investments drive portfolio growth while credit amendment boosts financial flexibility for future expansions.
17 Mar
W.P. Carey Inc. released its 2025 CEO Letter. 2025 CEO Letter provides forward-looking strategic insights and performance outlook for W.P. Carey Inc.
13 Mar
Recent analyst updates are shifting the narrative around W.P. Carey Inc. (WPC), signaling changing investor perceptions and potential stock momentum. Analyst updates are moderately influencing WPC's market sentiment without fundamentally altering its long-term trajectory.
W.P. Carey Inc. (WPC) announced a dividend hike, sparking debate on whether the increase is sustainable given current market conditions and company fundamentals. Dividend hike boosts short-term investor appeal but sustainability concerns limit broader trajectory shifts.
12 Mar
W.P. Carey Inc. (WPC) increased its quarterly dividend to $0.930 per share. Dividend increase signals financial strength and attracts income-focused investors, significantly enhancing stock appeal and performance.
5 Mar
Scotiabank raised its price target for W.P. Carey Inc. (WPC) after updating REIT estimates following Q4 results. Scotiabank's price target increase post-Q4 reflects updated positive REIT estimates, moderately boosting investor sentiment and financial outlook perception.
27 Feb
W.P. Carey Inc. raises equity to expand its capital base, intensifying debate over its valuation amid growth prospects. Equity raise delivers major capital influx for acquisitions and operations but ignites valuation scrutiny impacting investor sentiment and stock trajectory.
25 Feb
W.P. Carey Inc. announces the full exercise of underwriters' option to purchase additional shares, increasing the total offering size. Full exercise signals strong investor demand and raises additional capital for growth, moderately boosting financial flexibility amid share dilution.
21 Feb
Bank of America raised its price target for W.P. Carey Inc. (WPC) citing strong ongoing net lease investment activity. BofA's price target hike reflects robust net lease investments, poised to moderately enhance WPC's investor sentiment and market performance.