WPC Stock Analysis: W P Carey | NYSE
REIT - Diversified | NYSE, USA | Market Cap: 14.528m USD | 12M Return: 1.8% | US92936U1097 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 104M
EPS Trend: -13.8%
Qual. Beats: 2
Rev. Trend: 60.1%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
W. P. Carey Inc. (WPC) is a large-cap U.S. net lease REIT that owns and operates a diversified portfolio of single-tenant commercial properties leased to corporate tenants under long-term contracts. The company holds 1,748 net lease properties totaling approximately 188 million square feet as of June 30, 2026, with a focus on industrial, warehouse, and retail assets in the U.S. and Europe. Its leases include built-in rent escalations, which provide contractual annual rent increases and serve as a hedge against inflation. W. P. Carey maintains offices in New York, London, Amsterdam, and Dallas, was incorporated in Maryland in 1973, and has been publicly traded since its 1998 IPO.
Net lease REITs operate under a structure in which tenants are generally responsible for most property-level operating expenses such as real estate taxes, insurance, and maintenance, resulting in more predictable cash flows for the landlord. Classified within the Diversified REITs sub-industry, WPC reduces concentration risk by spanning multiple property types and geographies, distinguishing it from peers that focus on a single real estate segment.
- Industrial warehouse demand accelerates same-store rent escalator growth
- Rate cuts compress dividend yield spread to Treasuries
- European acquisitions diversify revenue with FX translation exposure
| Net Income: 651.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.38 > 1.0 |
| NWC/Revenue: -10.01% < 20% (prev 39.66%; Δ -49.67% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.22b > Net Income 651.5m |
| Net Debt (8.79b) to EBITDA (1.40b): 6.29 < 3 |
| Current Ratio: 0.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (227.2m) vs 12m ago 2.87% < -2% |
| Gross Margin: 52.76% > 18% (prev 91.82%; Δ -39.05% > 0.5%) |
| Asset Turnover: 10.36% > 50% (prev 9.12%; Δ 1.25% > 0%) |
| Interest Coverage Ratio: 2.73 > 6 (EBIT TTM 841.6m / Interest Expense TTM 308.1m) |
| A: -0.01 (Total Current Assets 163.5m - Total Current Liabilities 353.6m) / Total Assets 18.6b |
| B: -0.19 (Retained Earnings -3.61b / Total Assets 18.6b) |
| C: 0.05 (EBIT TTM 841.6m / Avg Total Assets 18.3b) |
| D: 0.87 (Book Value of Equity 8.67b / Total Liabilities 9.95b) |
| Altman-Z'' = 0.53 = B |
As of October 27, 2026, the stock is trading at USD 64.39 with a total of 1,790,584 shares traded. Over the past week, the price has changed by +0.97%, over one month by -0.74%, over three months by -14.28% and over the past year by +1.80%.
Current recommended Stop Loss: 62.60 (which is 2.8% or 1.4 ATR below the current price).
W P Carey has received a consensus analysts rating of 3.80. Therefore, it is recommended to hold WPC.
- StrongBuy: 4
- Buy: 4
- Hold: 7
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 77.1 | 19.8% |
P/E Trailing = 21.839
P/E Forward = 24.2131
P/S = 7.9805
P/B = 1.7466
P/EG = 1.471
Revenue TTM = 1.90b USD
EBIT TTM = 841.6m USD
EBITDA TTM = 1.40b USD
Long Term Debt = 8.85b USD (from longTermDebt, last quarter)
Short Term Debt = 353.6m USD (from shortTermDebt, last quarter)
Debt = 8.95b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.79b USD (calculated: Debt 8.95b - CCE 163.5m)
Enterprise Value = 23.3b USD (14.5b + Debt 8.95b - CCE 163.5m)
Interest Coverage Ratio = 2.73 (Ebit TTM 841.6m / Interest Expense TTM 308.1m)
EV/FCF = 21.55x (Enterprise Value 23.3b / FCF TTM 1.08b)
FCF Yield = 4.64% (FCF TTM 1.08b / Enterprise Value 23.3b)
FCF Margin = 57.01% (FCF TTM 1.08b / Revenue TTM 1.90b)
Net Margin = 34.33% (Net Income TTM 651.5m / Revenue TTM 1.90b)
Gross Margin = 52.76% ((Revenue TTM 1.90b - Cost of Revenue TTM 896.4m) / Revenue TTM)
Gross Margin QoQ = 8.82% (prev 90.55%)
Tobins Q-Ratio = 1.25 (Enterprise Value 23.3b / Total Assets 18.6b)
Interest Expense / Debt = 3.44% (Interest Expense 308.1m / Debt 8.95b)
Taxrate = 1.26% (8.73m / 692.9m)
NOPAT = 831.0m (EBIT 841.6m * (1 - 1.26%))
Current Ratio = 0.46 (Total Current Assets 163.5m / Total Current Liabilities 353.6m)
Debt / Equity = 1.03 (Debt 8.95b / totalStockholderEquity, last quarter 8.67b)
Debt / EBITDA = 6.29 (Net Debt 8.79b / EBITDA 1.40b)
Debt / FCF = 8.12 (Net Debt 8.79b / FCF TTM 1.08b)
Total Stockholder Equity = 8.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.56% (Net Income 651.5m / Total Assets 18.6b)
RoE = 7.83% (Net Income TTM 651.5m / Total Stockholder Equity 8.32b)
RoCE = 4.90% (EBIT 841.6m / Capital Employed (Equity 8.32b + L.T.Debt 8.85b))
RoIC = 4.48% (NOPAT 831.0m / Invested Capital 18.5b)
WACC = 4.75% (E(14.5b)/V(23.5b) * Re(5.58%) + D(8.95b)/V(23.5b) * Rd(3.44%) * (1-Tc(0.01)))
Discount Rate = 5.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 69.41 | Cagr: 1.42%
[DCF] Terminal Value 75.06% ; FCFF base≈1.09b ; Y1≈1.07b ; Y5≈1.08b
[DCF] Fair Price = 35.85 (EV 17.0b - Net Debt 8.79b = Equity 8.17b / Shares 227.8m; r=8.35% [WACC [floored]]; 5y FCF grow -2.79% → 2.50% )
EPS Correlation: -13.77 | EPS CAGR: -2.20% | SUE: 1.54 | # QB: 2
Revenue Correlation: 60.12 | Revenue CAGR: 5.78% | SUE: -1.44 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.66 | Chg30d=-8.51% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=3.29 | Chg30d=+9.00% | Revisions=+25% | GrowthEPS=+27.5% | GrowthRev=+7.5%
EPS next Year (2027-12-31): EPS=3.15 | Chg30d=-9.07% | Revisions=-25% | GrowthEPS=-4.2% | GrowthRev=+7.5%