(WPC) W P Carey - NYSE
Sector: Real Estate | Industry: REIT - Diversified | Exchange: NYSE (USA) | Market Cap: 17.086m USD | Total Return: 21.2% in 12m
Avg Turnover: 113M
EPS Trend: -58.3%
Qual. Beats: 1
Rev. Trend: 53.4%
Qual. Beats: 0
Warnings
Altman Z'' 0.53 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
W. P. Carey Inc. (WPC) is a prominent net lease Real Estate Investment Trust (REIT) specializing in a diversified portfolio of operationally critical commercial properties. The company focuses on single-tenant industrial, warehouse, and retail assets across the United States and Europe. Incorporated in 1973, the firm manages over 1,600 properties totaling approximately 183 million square feet.
The net lease business model typically requires tenants to cover most operating expenses, including property taxes, insurance, and maintenance, which helps provide the landlord with predictable cash flows. These agreements often feature long-term durations and built-in rent escalations tied to inflation or fixed percentages to hedge against rising costs. Investors may find it useful to evaluate the companys historical yield and dividend safety on ValueRay.
Geographic and asset-class diversification serves as a core strategy for WPC to mitigate regional economic downturns. By maintaining offices in major financial hubs like New York and London, the company facilitates direct acquisition and management of high-quality international real estate.
- CPI-linked rent escalations drive organic revenue growth during periods of high inflation
- Industrial and warehouse property demand dictates portfolio occupancy and rental rates
- Interest rate volatility impacts cost of capital and acquisition-driven earnings growth
- Eurozone economic stability influences valuation of significant European property holdings
- Successful recycling of capital from office divestitures affects long-term dividend sustainability
| Net Income: 516.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.66 > 1.0 |
| NWC/Revenue: -5.74% < 20% (prev -37.90%; Δ 32.15% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.29b > Net Income 516.8m |
| Net Debt (8.61b) to EBITDA (1.40b): 6.17 < 3 |
| Current Ratio: 0.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (221.6m) vs 12m ago 0.41% < -2% |
| Gross Margin: 68.16% > 18% (prev 92.56%; Δ -24.40% > 0.5%) |
| Asset Turnover: 11.19% > 50% (prev 9.22%; Δ 1.97% > 0%) |
| Interest Coverage Ratio: 2.86 > 6 (EBIT TTM 859.4m / Interest Expense TTM 300.9m) |
| A: -0.01 (Total Current Assets 239.3m - Total Current Liabilities 353.4m) / Total Assets 18.2b |
| B: -0.20 (Retained Earnings -3.57b / Total Assets 18.2b) |
| C: 0.05 (EBIT TTM 859.4m / Avg Total Assets 17.8b) |
| D: 0.85 (Book Value of Equity 8.34b / Total Liabilities 9.84b) |
| Altman-Z'' = 0.53 = B |
| DSRI: 0.47 (Receivables 590k/1.01m, Revenue 1.99b/1.60b) |
| GMI: 1.36 (GM 92.56% / 68.16%) |
| AQI: 0.55 (AQ_t 0.14 / AQ_t-1 0.25) |
| SGI: 1.24 (Revenue 1.99b / 1.60b) |
| TATA: -0.04 (NI 516.8m - CFO 1.29b) / TA 18.2b) |
| Beneish M = -3.24 (Cap -4..+1) = AA |
As of June 19, 2026, the stock is trading at USD 72.23 with a total of 2,671,179 shares traded.
Over the past week, the price has changed by -4.76%,
over one month by -2.26%,
over three months by +2.14% and
over the past year by +21.24%.
W P Carey has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold WPC.
- StrongBuy: 0
- Buy: 3
- Hold: 8
- Sell: 3
- StrongSell: 0
| Analysts Target Price | 78 | 8% |
P/E Trailing = 32.7821
P/E Forward = 25.0
P/S = 9.8073
P/B = 2.0476
P/EG = 1.471
Revenue TTM = 1.99b USD
EBIT TTM = 859.4m USD
EBITDA TTM = 1.40b USD
Long Term Debt = 8.75b USD (from longTermDebt, last quarter)
Short Term Debt = 353.4m USD (from shortTermDebt, last quarter)
Debt = 8.85b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.61b USD (calculated: Debt 8.85b - CCE 239.3m)
Enterprise Value = 25.7b USD (17.1b + Debt 8.85b - CCE 239.3m)
Interest Coverage Ratio = 2.86 (Ebit TTM 859.4m / Interest Expense TTM 300.9m)
EV/FCF = 23.47x (Enterprise Value 25.7b / FCF TTM 1.10b)
FCF Yield = 4.26% (FCF TTM 1.10b / Enterprise Value 25.7b)
FCF Margin = 55.14% (FCF TTM 1.10b / Revenue TTM 1.99b)
Net Margin = 26.02% (Net Income TTM 516.8m / Revenue TTM 1.99b)
Gross Margin = 68.16% ((Revenue TTM 1.99b - Cost of Revenue TTM 632.4m) / Revenue TTM)
Gross Margin QoQ = 90.55% (prev 24.47%)
Tobins Q-Ratio = 1.41 (Enterprise Value 25.7b / Total Assets 18.2b)
Interest Expense / Debt = 3.40% (Interest Expense 300.9m / Debt 8.85b)
Taxrate = 6.25% (34.9m / 558.5m)
NOPAT = 805.7m (EBIT 859.4m * (1 - 6.25%))
Current Ratio = 0.68 (Total Current Assets 239.3m / Total Current Liabilities 353.4m)
Debt / Equity = 1.06 (Debt 8.85b / totalStockholderEquity, last quarter 8.34b)
Debt / EBITDA = 6.17 (Net Debt 8.61b / EBITDA 1.40b)
Debt / FCF = 7.86 (Net Debt 8.61b / FCF TTM 1.10b)
Total Stockholder Equity = 8.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.91% (Net Income 516.8m / Total Assets 18.2b)
RoE = 6.30% (Net Income TTM 516.8m / Total Stockholder Equity 8.21b)
RoCE = 5.07% (EBIT 859.4m / Capital Employed (Equity 8.21b + L.T.Debt 8.75b))
RoIC = 4.45% (NOPAT 805.7m / Invested Capital 18.1b)
WACC = 5.28% (E(17.1b)/V(25.9b) * Re(6.36%) + D(8.85b)/V(25.9b) * Rd(3.40%) * (1-Tc(0.06)))
Discount Rate = 6.36% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 100.00 | Cagr: 0.43%
[DCF] Terminal Value 77.97% ; FCFF base≈1.03b ; Y1≈1.18b ; Y5≈1.73b
[DCF] Fair Price = 78.53 (EV 26.1b - Net Debt 8.61b = Equity 17.5b / Shares 222.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: -58.25 | EPS CAGR: -9.44% | SUE: 1.02 | # QB: 1
Revenue Correlation: 53.40 | Revenue CAGR: 4.88% | SUE: 0.09 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.72 | Chg30d=+10.27% | Revisions=+20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.72 | Chg30d=+8.17% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.02 | Chg30d=+15.06% | Revisions=+20% | GrowthEPS=+17.0% | GrowthRev=+7.9%
EPS next Year (2027-12-31): EPS=3.46 | Chg30d=+24.14% | Revisions=+20% | GrowthEPS=+14.8% | GrowthRev=+6.7%