W. P. Carey Inc.

W. P. Carey Inc.

WPCยทNYSE

$73.97

+0.25%
Real EstateREIT - Diversified

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.

At a Glance

Live Snapshot
Market Cap$16.48B
EPS2.1100
P/E Ratio35.06
Earnings Date08/04/2026
W. P. Carey Inc.

W. P. Carey Inc. Fair Value Envelope

WPC ยท NYSE

Our analysis suggests that WPC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $73.975, this represents a potential HIDDEN relative to our calculated worth for W. P. Carey Inc..

Intrinsic Value
Current Price: $73.975

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.9B
+ Cash & Equivalents$155.3M
Firm Value$2.1B
- Debt$8.7B
Equity Value-$6.6B
/ Shares Outstanding219,078,276B
DCF Value-$30
OVERVALUED BY 141%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$824.1M
$529.6M
$340.4M
$218.7M
$140.6M
$90.3M
$58.1M
$37.3M
$24.0M
$15.4M
Maintenance CapEx
-$24.6M
-$15.8M
-$10.2M
-$6.5M
-$4.2M
-$2.7M
-$1.7M
-$1.1M
-$715.2K
-$459.6K
Owner Earnings
$799.5M
$513.8M
$330.2M
$212.2M
$136.4M
$87.7M
$56.3M
$36.2M
$23.3M
$15.0M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$740.3M
$440.5M
$262.1M
$156.0M
$92.8M
$55.2M
$32.9M
$19.6M
$11.6M
$6.9M
Terminal Value represents 6.1% of Enterprise Value