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

• Market Cap: $14.34B
• Dividend Yield: 5.44%
• Average Volume (3M): 1.21M
• Price to Earnings (P/E): 43.0
• Beta (1Y): 0.41
• Revenue Growth: 0.23%
• EPS Growth: -41.66%
• Country: US
• Employees: 203
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Diversified
• EPS (TTM): 0.25
• Shares Outstanding: 218,991,350
• 10 Day Avg. Volume: 1,425,688
• 30 Day Avg. Volume: 1,210,706
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 18.37
• Enterprise Value/Gross Profit: 20.28
• Enterprise Value/Ebitda: 19.85
• 1Y Price Target: $66.75
• Price Target Upside: 2.41% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 8

• Rating: 72 Outperform
• Price Target: $72.00 ▲(10.46% Upside)

W. P. Carey Inc. is well-positioned with strong financial performance, positive technical indicators, and favorable earnings call outcomes. While the valuation suggests caution, the high dividend yield and robust earnings outlook strengthen the investment case.

Positive Factors

Dividend Yield

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

Financial Performance

WPC had the proverbial beat-and-raise in 2Q25, with its FY25 AFFOps guidance raise above the Street/BMOe.

Investment Strategy

WPC invested $1.1B YTD and is on-track to meet or exceed its revised $1.6B investment guidance target.

Negative Factors

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.

Growth Risks

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

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

Company Description

W. P. Carey Inc. (WPC) is a real estate investment trust (REIT) that specializes in acquiring and managing commercial properties, primarily in the industrial, warehouse, and office sectors. The company operates globally, focusing on single-tenant properties that are net leased to tenants across various industries. WPC's core services include property investment, asset management, and real estate financing, providing investors with a steady income stream through its diversified portfolio.

How the Company Makes Money

W. P. Carey generates revenue primarily through long-term net lease agreements with its tenants. The company typically acquires properties and leases them back to businesses, allowing tenants to use the space while paying rent, which is structured to provide a predictable income stream. Key revenue streams include rental income from these leases, which often include contractual rent increases, and income from property management services. WPC also benefits from its strategic partnerships with tenants across various industries, enhancing its portfolio diversification and stability. Additionally, the company may realize gains from the sale of properties, further contributing to its earnings.

W. P. Carey Inc. Financial Statement Overview

Summary

W. P. Carey Inc. maintains a stable financial position with strong operational efficiency and cash generation capabilities. Healthy profit margins and a solid equity base are offset by slight declines in net profit margin and return on equity.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.21B	1.58B	1.74B	1.48B	1.33B	1.21B
Gross Profit	1.10B	1.41B	1.52B	1.33B	1.21B	1.09B
EBITDA	1.12B	1.30B	1.67B	1.36B	1.18B	1.02B
Net Income	335.76M	460.84M	708.33M	599.14M	409.99M	455.36M
Balance Sheet
Total Assets	18.00B	17.54B	17.98B	18.10B	15.48B	14.71B
Cash, Cash Equivalents and Short-Term Investments	244.83M	640.37M	633.86M	168.00M	165.43M	248.66M
Total Debt	8.64B	8.04B	8.14B	7.88B	6.79B	6.70B
Total Liabilities	9.77B	9.10B	9.27B	9.09B	7.90B	7.83B
Stockholders Equity	8.21B	8.43B	8.70B	8.99B	7.58B	6.88B
Cash Flow
Free Cash Flow	896.94M	1.83B	1.07B	899.12M	812.86M	594.28M
Operating Cash Flow	849.73M	1.83B	1.07B	1.00B	926.48M	801.54M
Investing Cash Flow	-920.60M	-1.13B	-905.88M	-1.05B	-1.57B	-539.93M
Financing Cash Flow	-951.65M	-688.47M	292.56M	57.89M	557.05M	-210.71M

W. P. Carey Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 65.18
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 65.18 is above the 20-day moving average (MA) of 64.60, above the 50-day MA of 63.25, and above the 200-day MA of 58.58, indicating a bullish trend. The MACD of 0.78 indicates Positive momentum. The RSI at 55.80 is Neutral, neither overbought nor oversold. The STOCH value of 61.72 is Neutral, 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	81 Outperform	$35.05B	12.57	10.45%	5.31%	4.85%	2.71%
EPRT	80 Outperform	$6.03B	25.56	6.33%	3.88%	25.79%	2.46%
BNL	76 Outperform	$3.16B	32.59	3.32%	6.93%	2.74%	-37.41%
OLP	74 Outperform	$502.42M	17.99	9.16%	7.71%	5.57%	-14.50%
WPC	72 Outperform	$14.34B	43.01	3.99%	5.44%	0.23%	-41.66%
Sector *	64 Neutral	C$1.97B	4.85	-0.88%	5.21%	1.67%	-56.01%
GNL	56 Neutral	$1.66B	―	-11.87%	12.13%	-11.06%	29.36%

W. P. Carey Inc. Corporate Events

W. P. Carey Inc. Raises AFFO Guidance Amid Q2 Results

On July 29, 2025, W. P. Carey Inc. announced its financial results for the second quarter of 2025, reporting a net income of $51.2 million, a decrease from the previous year due to various financial impacts. However, the company raised its AFFO guidance for the year, reflecting strong investment activity and effective disposition strategy, which led to a 9.4% increase in AFFO per diluted share. The company also reported a 10.5% increase in revenues compared to the previous year, driven by net investment activity and rent escalations. The company completed significant investments and dispositions, maintaining a robust liquidity position and issuing $400 million in senior unsecured notes.

The most recent analyst rating on (WPC) stock is a Buy with a $70.00 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 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.