WPC Stock Analysis: W P Carey | NYSE
REIT - Diversified | NYSE, USA | Market Cap: 16.975m USD | 12M Return: 24.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 105M
EPS Trend: -58.3%
Qual. Beats: 1
Rev. Trend: 53.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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 one of the largest net lease REITs in the U.S., operating a well-diversified portfolio of operationally critical commercial real estate leased to single tenants on a long-term basis. As of March 31, 2026, the company held 1,703 net lease properties totaling approximately 185 million square feet across the U.S. and Europe, with offices in New York, London, Amsterdam, and Dallas.
The company focuses on industrial, warehouse, and retail properties under long-term net leases that include contractual rent escalations. In a net lease structure, tenants are typically responsible for most property-level operating expenses such as real estate taxes, insurance, and maintenance, which produces a more predictable, bond-like cash flow profile for the landlord than conventional gross leases.
W. P. Carey was incorporated in 1973 in Maryland and trades on the NYSE as a large-cap stock within the GICS Diversified REITs sub-industry. Its European and U.S. dual-platform model distinguishes it from U.S.-only net lease peers, providing geographic diversification of tenants, property types, and currency exposure.
- Interest rate trajectory drives cap rate spreads and AFFO growth
- Industrial and warehouse segment fuels same-store rent escalations
- European exposure creates currency translation and tenant credit risk
| 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 July 29, 2026, the stock is trading at USD 75.61 with a total of 1,460,175 shares traded. Over the past week, the price has changed by +0.51%, over one month by +4.20%, over three months by +5.41% and over the past year by +24.68%.
Current recommended Stop Loss: 73.40 (which is 2.9% or 1.7 ATR below the current price).
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 | 78.2 | 3.5% |
P/E Trailing = 32.5684
P/E Forward = 25.0
P/S = 9.7434
P/B = 2.047
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 = 25.6b USD (17.0b + Debt 8.85b - CCE 239.3m)
Interest Coverage Ratio = 2.86 (Ebit TTM 859.4m / Interest Expense TTM 300.9m)
EV/FCF = 23.36x (Enterprise Value 25.6b / FCF TTM 1.10b)
FCF Yield = 4.28% (FCF TTM 1.10b / Enterprise Value 25.6b)
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 25.6b / 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 = 5.25% (E(17.0b)/V(25.8b) * Re(6.32%) + D(8.85b)/V(25.8b) * Rd(3.40%) * (1-Tc(0.06)))
Discount Rate = 6.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 97.64 | 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=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.72 | Chg30d=+8.17% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=3.02 | Chg30d=+15.06% | Revisions=+25% | GrowthEPS=+17.0% | GrowthRev=+7.7%
EPS next Year (2027-12-31): EPS=3.46 | Chg30d=+24.14% | Revisions=+25% | GrowthEPS=+14.8% | GrowthRev=+7.2%