WPC Stock Analysis: W P Carey | NYSE
REIT - Diversified | NYSE, USA | Market Cap: 16.220m USD | 12M Return: 11.2% | US92936U1097 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 75.4M
EPS Trend: -13.8%
Qual. Beats: 2
Rev. Trend: 60.1%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 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 (1.38b): 6.35 < 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 August 28, 2026, the stock is trading at USD 70.38 with a total of 797,189 shares traded. Over the past week, the price has changed by -2.26%, over one month by -7.65%, over three months by -4.11% and over the past year by +11.17%.
Current recommended Stop Loss: 68.80 (which is 2.2% or 1.4 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 | 80 | 13.7% |
P/E Trailing = 24.7222
P/E Forward = 25.0
P/S = 8.91
P/B = 1.8916
P/EG = 1.471
Revenue TTM = 1.90b USD
EBIT TTM = 841.6m USD
EBITDA TTM = 1.38b 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 = 25.0b USD (16.2b + Debt 8.95b - CCE 163.5m)
Interest Coverage Ratio = 2.73 (Ebit TTM 841.6m / Interest Expense TTM 308.1m)
EV/FCF = 23.11x (Enterprise Value 25.0b / FCF TTM 1.08b)
FCF Yield = 4.33% (FCF TTM 1.08b / Enterprise Value 25.0b)
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 = 1.34 (Enterprise Value 25.0b / 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 = 6.35 (Net Debt 8.79b / EBITDA 1.38b)
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 = 5.02% (E(16.2b)/V(25.2b) * Re(5.91%) + D(8.95b)/V(25.2b) * Rd(3.44%) * (1-Tc(0.01)))
Discount Rate = 5.91% (= 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=+7.7%