W. P. Carey Inc. (WPC) AI Stock Analysis

• Market Cap: $13.89B
• Dividend Yield: 5.5%
• Average Volume (3M): 1.13M
• Price to Earnings (P/E): 32.7
• Beta (1Y): 0.41
• Revenue Growth: -5.89%
• EPS Growth: -26.36%
• Country: US
• Employees: 203
• Sector: Real Estate
• Sector Strength: 61
• Industry: REIT - Diversified
• EPS (TTM): 0.60
• Shares Outstanding: 218,976,230
• 10 Day Avg. Volume: 1,053,760
• 30 Day Avg. Volume: 1,131,139
• PEG Ratio: -4.46
• Price to Book (P/B): 1.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 12.47
• Enterprise Value/Market Cap: 1.53
• Enterprise Value/Revenue: 3.32
• Enterprise Value/Gross Profit: 14.69
• Enterprise Value/Ebitda: 3.87
• 1Y Price Target: $64.88
• Price Target Upside: 0.68% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 9

• Rating: 74 Outperform
• Price Target: $72.00 ▲(11.73%Upside)

W. P. Carey Inc.'s stock is well-supported by strong financial performance and technical momentum. The company's robust dividend yield and positive earnings call sentiment further bolster its attractiveness, despite a high P/E ratio and external uncertainties.

Positive Factors

Dividend Yield

WPC provides a well-covered 6.0% dividend yield, appealing to income-focused investors.

Investment Strategy

WPC's capacity to raise debt in Europe at favorable rates and sell non-core assets to reinvest is a strategic advantage.

Liquidity

With $2B+ of liquidity at its disposal and $750M of dispositions at the midpoint, there is little reliance on capital markets to achieve its investment target.

Negative Factors

Competition

Potential risks include unforeseen credit issues and increasing competition that could impact growth.

Credit Issues

Unforeseen credit issues could emerge given its sub-investment grade portfolio.

Economic Sensitivity

WPC's portfolio has increased sensitivity to downward economic swings, in our view.

W. P. Carey Inc. Business Overview & Revenue Model

Company Description

W. P. Carey Inc. (WPC) is a leading real estate investment trust (REIT) specializing in the acquisition, ownership, and management of commercial real estate properties. The company's portfolio is diversified across various sectors, including industrial, warehouse, office, retail, and self-storage properties. W. P. Carey is known for its focus on net lease agreements, which provide stable and predictable cash flows. The company operates primarily in the United States and Europe, serving a wide range of tenants across different industries.

How the Company Makes Money

W. P. Carey Inc. generates revenue primarily through rental income from its extensive portfolio of real estate properties. The company employs a net lease model, where tenants are responsible for paying property taxes, insurance, and maintenance costs, in addition to rent. This structure ensures steady income streams and minimizes expenses for W. P. Carey. The company's revenue is further supported by its investment management services, where it earns fees by managing assets on behalf of institutional investors. Key factors contributing to W. P. Carey's earnings include strategic property acquisitions, long-term lease agreements with creditworthy tenants, and geographical diversification of its portfolio.

W. P. Carey Inc. Financial Statement Overview

Summary

W. P. Carey Inc. presents a stable financial position with strong operational efficiency and cash generation capabilities. Healthy profit margins and a solid equity base provide a firm foundation, although slight declines in net profit margin and return on equity indicate areas for improvement.

Income Statement

W. P. Carey Inc. shows a stable gross profit margin with recent figures at 89.96% TTM. The net profit margin decreased slightly to 26.66% TTM from 29.10% in the previous annual report. Revenue growth is moderate, with a slight increase of 1.27% TTM. EBIT and EBITDA margins are healthy at 37.88% and 87.16% TTM, respectively, indicating efficient operational management. However, the decline in net income affects the overall profitability score.

Balance Sheet

The debt-to-equity ratio is stable at 0.94 TTM, reflecting balanced leverage. Return on equity is reasonable at 5.11% TTM, but declining from 5.46% annually, suggesting a need for improvement in generating returns for shareholders. The equity ratio is strong at 48.32% TTM, indicating a solid equity base relative to total assets.

Cash Flow

Operating cash flow decreased but remains strong relative to net income with a ratio of 2.51 TTM. Free cash flow improved by 21.66% TTM, indicating efficient capital expenditure management. The free cash flow to net income ratio is excellent at 2.55 TTM, suggesting robust cash generation capabilities.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.58B	1.74B	1.48B	1.33B	1.21B
Gross Profit	1.41B	1.52B	1.33B	1.21B	1.09B
EBITDA	1.30B	1.67B	1.36B	1.18B	1.02B
Net Income	460.84M	708.33M	599.14M	409.99M	455.36M
Balance Sheet
Total Assets	17.54B	17.98B	18.10B	15.48B	14.71B
Cash, Cash Equivalents and Short-Term Investments	640.37M	633.86M	168.00M	165.43M	248.66M
Total Debt	8.04B	8.14B	8.02B	6.79B	6.70B
Total Liabilities	9.10B	9.27B	9.09B	7.90B	7.83B
Stockholders Equity	8.43B	8.70B	8.99B	7.58B	6.88B
Cash Flow
Free Cash Flow	1.83B	1.07B	899.12M	812.86M	594.28M
Operating Cash Flow	1.83B	1.07B	1.00B	926.48M	801.54M
Investing Cash Flow	-1.13B	-905.88M	-1.05B	-1.57B	-539.93M
Financing Cash Flow	-688.47M	292.56M	57.89M	557.05M	-210.71M

W. P. Carey Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 64.44
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WPC, the sentiment is Positive. The current price of 64.44 is above the 20-day moving average (MA) of 62.57, above the 50-day MA of 61.92, and above the 200-day MA of 57.96, indicating a bullish trend. The MACD of 0.32 indicates Negative momentum. The RSI at 62.54 is Neutral, neither overbought nor oversold. The STOCH value of 89.52 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WPC.

W. P. Carey Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VICI	79 Outperform	$35.36B	13.35	10.12%	5.17%	5.32%	-0.55%
EPRT	76 Outperform	$6.06B	26.35	6.33%	3.86%	25.79%	2.46%
OLP	74 Outperform	$506.17M	17.33	9.57%	7.68%	1.82%	-1.03%
WPC	74 Outperform	$13.89B	32.71	5.02%	5.50%	-5.89%	-26.36%
BNL	66 Neutral	$3.00B	26.70	3.79%	7.31%	0.73%	-37.65%
Sector *	64 Neutral	$6.87B	17.44	-1.93%	6.95%	4.65%	-24.33%
GNL	57 Neutral	$1.59B	―	-13.01%	12.99%	16.69%	39.04%

W. P. Carey Inc. Corporate Events

W. P. Carey Completes $400M Senior Notes Offering

On July 10, 2025, W. P. Carey Inc. completed a public offering of $400 million in 4.650% Senior Notes due 2030. The proceeds are intended to repay certain debts and for general corporate purposes, potentially impacting the company’s financial flexibility and debt management strategies.

The most recent analyst rating on (WPC) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on W. P. Carey Inc. stock, see the WPC Stock Forecast page.

W. P. Carey Inc. Announces $400M Senior Notes Offering

On July 7, 2025, W. P. Carey Inc. announced the pricing of a $400 million public offering of 4.650% Senior Notes due 2030. The offering, managed by Wells Fargo Securities, BofA Securities, Scotia Capital, and Mizuho Securities, is expected to settle on July 10, 2025. The company plans to use the proceeds to repay certain debts, including part of its $2 billion unsecured revolving credit facility, and for general corporate purposes. This move is part of W. P. Carey’s strategy to manage its financial obligations and support its ongoing operations.

The most recent analyst rating on (WPC) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on W. P. Carey Inc. stock, see the WPC Stock Forecast page.

W. P. Carey Inc. Holds Annual Stockholders Meeting

On June 12, 2025, W. P. Carey Inc. held its annual stockholders meeting where three key proposals were voted on. The stockholders elected ten directors to the board, approved executive compensation on a non-binding basis, and ratified the appointment of PricewaterhouseCoopers LLP as the independent auditor for the fiscal year ending December 31, 2025. These decisions are pivotal for the company’s governance and financial oversight, potentially impacting its operational strategies and stakeholder confidence.

The most recent analyst rating on (WPC) stock is a Buy with a $68.00 price target. To see the full list of analyst forecasts on W. P. Carey Inc. stock, see the WPC Stock Forecast page.

W. P. Carey Inc. Announces Q1 2025 Financial Results

On April 29, 2025, W. P. Carey Inc. announced its financial results for the first quarter of 2025, reporting a net income of $125.8 million, a decrease from the previous year due to foreign debt remeasurement losses and higher credit loss allowances. Despite these challenges, the company reaffirmed its 2025 AFFO guidance and highlighted a strong start to the year with $448.6 million in investments and a robust pipeline of deals. The company also increased its quarterly dividend, reflecting confidence in its financial stability and growth potential.