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

• Market Cap: $14.24B
• Dividend Yield: 5.51%
• Average Volume (3M): 1.24M
• Price to Earnings (P/E): 39.3
• Beta (1Y): 0.22
• Revenue Growth: 5.59%
• EPS Growth: -34.75%
• Country: US
• Employees: 203
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.73
• Shares Outstanding: 219,145,020
• 10 Day Avg. Volume: 1,387,306
• 30 Day Avg. Volume: 1,243,537
• PEG Ratio: -0.71
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 7.61
• P/FCF Ratio: 7.06
• Enterprise Value/Market Cap: 1.65
• Enterprise Value/Revenue: 12.35
• Enterprise Value/Gross Profit: 14.77
• Enterprise Value/Ebitda: 18.22
• 1Y Price Target: $71.00
• Price Target Upside: 8.98% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8
• EPS Forecast (FY): 1.95
• Revenue Forecast (FY): $1.64B

• Rating: 70 Neutral
• Price Target: $72.00 ▲(10.51% Upside)

W. P. Carey Inc. scores well due to its strong financial performance and positive earnings call, which highlighted raised guidance and robust investment activity. The attractive dividend yield adds to its appeal. However, technical indicators suggest potential bearish momentum, and the high P/E ratio indicates possible overvaluation. The company's strong liquidity and strategic initiatives provide a solid foundation for future growth.

Positive Factors

Strong Cash Flow Management

Efficient cash generation supports future investments and debt servicing, ensuring long-term financial stability and growth potential.

Robust Investment Activity

Significant investment activity at favorable rates enhances asset base and revenue potential, driving long-term growth and competitive positioning.

Increased Dividend

Raising dividends reflects strong financial health and commitment to shareholder returns, enhancing investor confidence and company valuation.

Negative Factors

Decline in Portfolio Occupancy

Reduced occupancy can impact rental income and cash flow, posing risks to revenue stability and highlighting potential operational challenges.

Hellweg Tenant Challenges

Challenges with a major tenant can affect revenue consistency and necessitate strategic adjustments, impacting long-term tenant management.

Lower Rent Recapture on Retail Leases

Concessions to retain tenants like AMC may reduce rental income, affecting profitability and highlighting potential sector-specific vulnerabilities.

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

Company Description

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.

How the Company Makes Money

W. P. Carey generates revenue primarily through rental income from its extensive portfolio of properties leased to tenants under long-term net lease agreements. These leases typically require tenants to cover property expenses such as maintenance, taxes, and insurance, allowing W. P. Carey to maintain a steady stream of income with reduced operational costs. The company also benefits from a diverse tenant base across various industries, which helps mitigate risks associated with tenant defaults. Additionally, W. P. Carey engages in property acquisitions and dispositions, which can contribute to revenue through capital gains. The company has established strategic partnerships with various businesses and has a robust track record of managing properties, further enhancing its earning potential.

W. P. Carey Inc. Financial Statement Overview

Summary

W. P. Carey Inc. presents a strong financial profile with high profitability and efficient cash flow management. The income statement reflects solid margins and revenue growth, although there is some volatility in revenue trends. The balance sheet is stable with moderate leverage, but there is potential to enhance shareholder returns. Overall, the company is well-positioned financially, with strengths in profitability and cash flow, though it should focus on improving ROE and maintaining consistent revenue growth.

Income Statement

W. P. Carey Inc. shows strong profitability with a high gross profit margin of over 91% in TTM, indicating efficient cost management. The net profit margin is also robust at approximately 29.3%, reflecting solid bottom-line performance. Revenue growth has been positive, with a 2.23% increase in TTM, although it has fluctuated in previous years. EBIT and EBITDA margins are strong, suggesting effective operational management. However, the slight decline in revenue in 2024 indicates potential volatility.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio, which has been stable around 0.9, indicating a balanced approach to leverage. Return on equity is modest at 4.4% in TTM, suggesting room for improvement in generating returns for shareholders. The equity ratio is healthy, showing a solid equity base relative to total assets. Overall, the balance sheet is stable but could benefit from improved ROE.

Cash Flow

W. P. Carey Inc. demonstrates strong cash flow management, with a free cash flow to net income ratio exceeding 1 in TTM, indicating efficient cash generation relative to earnings. The free cash flow growth rate is positive at 3.65%, showing an upward trend in cash generation. Operating cash flow is robust, supporting the company's ability to cover its net income. The cash flow position is strong, providing a solid foundation for future investments and debt servicing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.90B	1.58B	1.74B	1.47B	1.26B	1.17B
Gross Profit	1.59B	1.46B	1.60B	1.40B	1.21B	1.12B
EBITDA	1.29B	1.31B	1.44B	1.29B	1.16B	1.04B
Net Income	365.06M	460.84M	708.33M	599.14M	409.99M	455.36M
Balance Sheet
Total Assets	17.99B	17.54B	17.98B	18.10B	15.48B	14.71B
Cash, Cash Equivalents and Short-Term Investments	249.03M	640.62M	634.86M	168.00M	165.43M	248.66M
Total Debt	8.68B	8.18B	8.28B	7.88B	6.94B	6.85B
Total Liabilities	9.81B	9.10B	9.27B	9.09B	7.90B	7.83B
Stockholders Equity	8.16B	8.43B	8.70B	8.99B	7.58B	6.88B
Cash Flow
Free Cash Flow	1.27B	1.70B	1.07B	1.00B	926.48M	801.54M
Operating Cash Flow	1.27B	1.83B	1.07B	1.00B	926.48M	801.54M
Investing Cash Flow	-1.45B	-1.13B	-905.88M	-1.05B	-1.57B	-539.93M
Financing Cash Flow	-359.17M	-688.47M	292.56M	57.89M	557.05M	-210.71M

W. P. Carey Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 65.15
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WPC, the sentiment is Negative. The current price of 65.15 is below the 20-day moving average (MA) of 66.22, below the 50-day MA of 66.76, and above the 200-day MA of 63.35, indicating a neutral trend. The MACD of -0.48 indicates Positive momentum. The RSI at 41.59 is Neutral, neither overbought nor oversold. The STOCH value of 37.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WPC.

W. P. Carey Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EPRT	79 Outperform	$6.05B	24.56	6.84%	3.88%	24.60%	8.05%
WPC	70 Neutral	$14.24B	39.31	4.36%	5.51%	5.59%	-34.75%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ESRT	65 Neutral	$1.19B	34.02	3.80%	2.03%	0.45%	-24.85%
UE	64 Neutral	$2.58B	22.19	8.71%	3.91%	5.29%	-60.36%
BNL	61 Neutral	$3.32B	37.94	3.05%	6.60%	3.87%	-37.59%
GNL	61 Neutral	$1.85B	-7.05	-12.53%	10.00%	-28.94%	-28.24%

W. P. Carey Inc. Corporate Events

W. P. Carey Inc. Board Member Resigns for Health Reasons

Mark A. Alexander, a board member of W. P. Carey Inc., announced his resignation effective December 12, 2025, due to personal health reasons. His departure is not due to any disagreements with the company’s operations, policies, or practices, ensuring stability in the company’s governance and operations.

W. P. Carey Announces Strong Q3 2025 Financial Results

On October 28, 2025, W. P. Carey Inc. announced its financial results for the third quarter ending September 30, 2025, highlighting a net income of $141 million, a 26.2% increase from the previous year. The company reported an AFFO of $1.25 per diluted share, reflecting a 5.9% rise, and raised its 2025 AFFO guidance due to strong investment activity and a lower anticipated rent loss. The company also completed $1.6 billion in investments and $1.0 billion in property dispositions year-to-date, with a focus on funding investments through asset sales. Additionally, W. P. Carey increased its quarterly cash dividend by 4.0% compared to the previous year, demonstrating its robust financial performance and strategic growth initiatives.