W. P. Carey Inc. (NYSE:WPC)

W. P. Carey Inc. WPC

Real Estate - REIT - Diversified - NYSE - US

Watchlist

$ 55.77

1.68 %

$ 12.2 B

Market Cap

22.04

P/E

1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one WPC stock under the base case scenario is HIDDEN Compared to the current market price of 55.8 USD, W. P. Carey Inc. is HIDDEN

WPC Intrinsic Value
HIDDEN

SHOW

2. FUNDAMENTAL ANALYSIS

Price Chart WPC

FINANCIALS

Annual
Quarterly

1.74 B REVENUE

Growth Rates

1Year 17.73%

3Years 12.92%

5Years 14.48%

7Years 9.18%

10Years 13.52%

815 M OPERATING INCOME

Growth Rates

1Year -4.80%

3Years 11.87%

5Years 14.98%

7Years 10.84%

10Years 18.31%

708 M NET INCOME

Growth Rates

1Year 18.34%

3Years 14.98%

5Years 10.79%

7Years 14.48%

10Years 18.28%

1.07 B OPERATING CASH FLOW

Growth Rates

1Year 6.96%

3Years 10.23%

5Years 16.09%

7Years 10.98%

10Years 17.84%

-906 M INVESTING CASH FLOW

Growth Rates

1Year 13.93%

3Years -18.83%

5Years -27.76%

7Years -18.89%

10Years -64.16%

293 M FINANCING CASH FLOW

Growth Rates

1Year 405.40%

3Years 50.20%

5Years 69.63%

7Years 18.10%

10Years 12.98%

397 M REVENUE

Growth Rates

1Year 17.73%

3Years 12.92%

5Years 14.48%

7Years 9.18%

10Years 13.52%

13.7 M OPERATING INCOME

Growth Rates

1Year -4.80%

3Years 11.87%

5Years 14.98%

7Years 10.84%

10Years 18.31%

112 M NET INCOME

Growth Rates

1Year 18.34%

3Years 14.98%

5Years 10.79%

7Years 14.48%

10Years 18.28%

280 M OPERATING CASH FLOW

Growth Rates

1Year 6.96%

3Years 10.23%

5Years 16.09%

7Years 10.98%

10Years 17.84%

-48.9 M INVESTING CASH FLOW

Growth Rates

1Year 13.93%

3Years -18.83%

5Years -27.76%

7Years -18.89%

10Years -64.16%

-596 M FINANCING CASH FLOW

Growth Rates

1Year 405.40%

3Years 50.20%

5Years 69.63%

7Years 18.10%

10Years 12.98%

Balance Sheet Decomposition W. P. Carey Inc.

18 B ASSETS
9.27 B LIABILITIES

Current Assets	2.26 B
Cash & Short-Term Investments	634 M
Receivables	0
Other Current Assets	1.63 B
Non-Current Assets	15.7 B
Long-Term Investments	760 M
PP&E	12 B
Other Non-Current Assets	3 B

Current Liabilities	1.96 B
Accounts Payable	616 M
Short-Term Debt	0
Other Current Liabilities	1.34 B
Non-Current Liabilities	7.31 B
Long-Term Debt	7.14 B
Other Non-Current Liabilities	172 M

EFFICIENCY

Earnings Waterfall W. P. Carey Inc.

Revenue	1.74 B
Cost Of Revenue	796 M
Gross Profit	945 M
Operating Expenses	1.52 B
Operating Income	815 M
Other Expenses	106 M
Net Income	708 M

RATIOS

54.28% GROSS MARGIN

Averages

1Year 54.28%

3Years 78.18%

5Years 82.51%

7Years 83.98%

10Years 83.33%

46.79% OPERATING MARGIN

Averages

1Year 46.79%

3Years 50.27%

5Years 49.34%

7Years 48.03%

10Years 45.48%

40.68% NET MARGIN

Averages

1Year 40.68%

3Years 37.33%

5Years 34.88%

7Years 36.22%

10Years 32.65%

8.14% ROE

Averages

1Year 8.14%

3Years 6.74%

5Years 6.25%

7Years 6.56%

10Years 6.54%

3.94% ROA

Averages

1Year 3.94%

3Years 3.30%

5Years 3.03%

7Years 3.06%

10Years 2.93%

4.93% ROIC

Averages

1Year 4.93%

3Years 4.59%

5Years 4.49%

7Years 4.33%

10Years 4.33%

FREE CASH FLOW ANALYSIS

Free Cash Flow Analysis W. P. Carey Inc.

Net Income	708 M
Depreciation & Amortization	628 M
Capital Expenditures	0
Stock-Based Compensation	34.5 M
Change in Working Capital	-29.4 M
Others	-297 M
Free Cash Flow	1.07 B

3. WALL STREET ANALYSTS ESTIMATES

Wall Street Analysts Price Targets W. P. Carey Inc.

Wall Street analysts predict an average 1-year price target for WPC of $60.5 , with forecasts ranging from a low of $56 to a high of $66 .

WPC Lowest Price Target Wall Street Target

56 USD 0.41%

WPC Average Price Target Wall Street Target

60.5 USD 8.48%

WPC Highest Price Target Wall Street Target

66 USD 18.34%

4. DIVIDEND ANALYSIS

1.40% DIVIDEND YIELD

0.875 USD DIVIDEND PER SHARE

5. COMPETITION

STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States.

27.1 USD

STAG

Overvalued 25.11%

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of September 30, 2020, the company owned 3,114 properties in 48 states with a gross leasable area of approximately 32.4 million square feet and with a weighted average remaining lease term of 10.7 years.

95.5 USD

NNN

Undervalued 126.20%

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

-2.17 USD

MPW

Overvalued 150.26%

Omega is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities.

36.9 USD

OHI

Overvalued 7.75%

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

204 USD

Undervalued 260.38%

6. Ownership

Insider Ownership W. P. Carey Inc.

Summary
Transactions

Sold

0-3 MONTHS

0 USD 0

3-6 MONTHS

28.4 K USD 1

6-9 MONTHS

0 USD 0

9-12 MONTHS

13.1 K USD 1

Bought

332 K USD 2

0-3 MONTHS

310 K USD 1

3-6 MONTHS

0 USD 0

6-9 MONTHS

0 USD 0

9-12 MONTHS

Date	Value	Insider	Amount	Avg Price
4 days ago Nov 13, 2024	Bought 55.6 K USD	Farrell Peter Director	+ 1000	55.5561 USD
2 weeks ago Nov 01, 2024	Bought 276 K USD	ALEXANDER MARK A Director	+ 5000	55.2861 USD
3 months ago Aug 16, 2024	Bought 114 K USD	ALEXANDER MARK A Director	+ 2000	57.0297 USD
3 months ago Aug 09, 2024	Bought 196 K USD	ALEXANDER MARK A Director	+ 3500	55.8659 USD
3 months ago Aug 08, 2024	Sell 28.4 K USD	Zander Brian H Chief Accounting Officer	- 500	56.75 USD
11 months ago Dec 14, 2023	Sell 13.1 K USD	Zander Brian H Chief Accounting Officer	- 200	65.2608 USD
1 year ago May 02, 2023	Bought 72.5 K USD	ALEXANDER MARK A Director	+ 1000	72.4792 USD
1 year ago Feb 17, 2023	Sell 16.8 K USD	Zander Brian H Chief Accounting Officer	- 199.8157	84.1376 USD
4 years ago May 19, 2020	Bought 235 K USD	ALEXANDER MARK A Director	+ 4000	58.775 USD
4 years ago Mar 19, 2020	Bought 422 K USD	Sabatini Gino M. Managing Director	+ 10000	42.18 USD
4 years ago Mar 18, 2020	Bought 117 K USD	ALEXANDER MARK A Director	+ 2000	58.645 USD
4 years ago Mar 17, 2020	Bought 61.6 K USD	ALEXANDER MARK A Director	+ 1000	61.586 USD
4 years ago Mar 17, 2020	Bought 64.2 K USD	ALEXANDER MARK A Director	+ 1000	64.248 USD
4 years ago Mar 18, 2020	Bought 15.2 K USD	Mahalingam Arjun Chief Accounting Officer	+ 285	53.5 USD
4 years ago Mar 19, 2020	Bought 460 K USD	Fox Jason E. CEO	+ 10000	46.0326 USD
4 years ago Mar 19, 2020	Bought 422 K USD	Sabatini Gino M. Managing Director	+ 10000	42.18 USD
4 years ago Mar 19, 2020	Bought 436 K USD	PARK JOHN J President	+ 10000	43.5611 USD
4 years ago Mar 16, 2020	Bought 97 K USD	Niehaus Christopher Director	+ 1500	64.68 USD
4 years ago Mar 17, 2020	Bought 84.6 K USD	Farrell Peter Director	+ 1310	64.5596 USD
4 years ago Mar 16, 2020	Bought 13.8 K USD	Farrell Peter Director	+ 215	64.37 USD
4 years ago Mar 03, 2020	Bought 82.3 K USD	FLANAGAN ROBERT J Director	+ 1000	82.29 USD
4 years ago Dec 11, 2019	Bought 185 K USD	ALEXANDER MARK A Director	+ 2300	80.5 USD
4 years ago Nov 21, 2019	Sell 10 K USD	Mahalingam Arjun Chief Accounting Officer	- 118	84.95 USD
6 years ago Nov 13, 2018	Bought 254 K USD	Niehaus Christopher Director	+ 3850	66.0809 USD
6 years ago Nov 06, 2018	Bought 149 K USD	Hoysradt Jean Director	+ 2300	64.73 USD
6 years ago May 29, 2018	Sell 40.9 K USD	Mahalingam Arjun Chief Accounting Officer	- 614	66.555 USD
6 years ago Mar 16, 2018	Bought 249 K USD	Niehaus Christopher Director	+ 4000	62.28 USD
6 years ago Mar 12, 2018	Bought 126 K USD	Farrell Peter Director	+ 2035	61.88 USD
8 years ago Sep 01, 2016	Sell 366 K USD	Goldberg Mark M Managing Director	- 5500	66.531 USD
7 years ago Feb 28, 2017	Sell 1.14 M USD	Goldberg Mark M Managing Director	- 18065	63.177 USD
8 years ago Nov 17, 2016	Bought 231 K USD	ALEXANDER MARK A Director	+ 4000	57.73 USD
8 years ago Nov 07, 2016	Bought 55.1 K USD	VanDeWeghe Mary M Director	+ 940	58.6684 USD
8 years ago Aug 26, 2016	Sell 23.4 K USD	COOLIDGE NATHANIEL S Director	- 350	66.79 USD
8 years ago May 09, 2016	Bought 63.1 K USD	VanDeWeghe Mary M Director	+ 1000	63.08 USD
8 years ago Dec 18, 2015	Sell 1.02 M USD	ZACHARIAS THOMAS E Chief Operating Officer	- 17000	60.0268 USD
8 years ago Dec 17, 2015	Sell 46.1 K USD	COOLIDGE NATHANIEL S Director	- 757	60.9166 USD
8 years ago Dec 08, 2015	Sell 122 K USD	Bond Trevor P CEO	- 1998	61.08 USD
9 years ago May 29, 2015	Sell 6.37 K USD	COOLIDGE NATHANIEL S Director	- 100	63.71 USD
9 years ago May 29, 2015	Sell 25.5 K USD	COOLIDGE NATHANIEL S Director	- 400	63.6601 USD
9 years ago May 21, 2015	Bought 126 K USD	Bond Trevor P President & CEO	+ 2000	63.0725 USD
9 years ago May 20, 2015	Bought 51 K USD	VanDeWeghe Mary M Director	+ 800	63.77 USD
9 years ago Mar 06, 2015	Bought 131 K USD	Bond Trevor P President & CEO	+ 2000	65.59 USD
9 years ago Mar 02, 2015	Sell 1.39 M USD	Goldberg Mark M Managing Director	- 20000	69.2962 USD
9 years ago Feb 26, 2015	Sell 752 K USD	GRISWOLD BENJAMIN H IV Director	- 11000	68.3535 USD
10 years ago Nov 10, 2014	Bought 26.8 K USD	Bond Trevor P President & CEO	+ 400	66.96 USD
10 years ago Aug 13, 2014	Sell 102 K USD	Kader Hisham A Chief Accounting Officer	- 1488	68.6815 USD
10 years ago Aug 11, 2014	Sell 750 K USD	GRISWOLD BENJAMIN H IV Director	- 11000	68.1605 USD
10 years ago Aug 07, 2014	Bought 33.4 K USD	Hoysradt Jean Director	+ 500	66.8578 USD
10 years ago Aug 07, 2014	Sell 114 K USD	Kader Hisham A Chief Accounting Officer	- 1705	66.9238 USD
10 years ago May 20, 2014	Bought 62 K USD	Bond Trevor P President & CEO	+ 1000	61.9775 USD
10 years ago May 14, 2014	Sell 301 K USD	ZACHARIAS THOMAS E Chief Operating Officer	- 4851	62.0027 USD
10 years ago May 15, 2014	Sell 164 K USD	ZACHARIAS THOMAS E Chief Operating Officer	- 2649	62 USD
10 years ago May 13, 2014	Sell 303 K USD	GRISWOLD BENJAMIN H IV Director	- 4936	61.484 USD
10 years ago May 13, 2014	Sell 677 K USD	GRISWOLD BENJAMIN H IV Director	- 11000	61.5057 USD
10 years ago May 13, 2014	Bought 49.3 K USD	VanDeWeghe Mary M Director	+ 800	61.6279 USD
10 years ago Nov 25, 2013	Sell 46.6 M USD	CAREY H AUGUSTUS 10 percent owner	- 750000	62.15 USD
10 years ago Nov 25, 2013	Sell 46.6 M USD	Karst Jan F 10 percent owner	- 750000	62.15 USD
10 years ago Nov 25, 2013	Sell 46.6 M USD	Estate of Wm. Polk Carey 10 percent owner	- 750000	62.15 USD
11 years ago Sep 09, 2013	Sell 70.4 M USD	Karst Jan F 10 percent owner	- 1083000	65 USD

7. News

7% Yields: If I Could Only Buy 2 For The Next Year The end of the U.S. election season is beginning to bring clarity to the U.S. and global economic outlook for the next year. I discuss seven major trends that should drive much of the high-yield market narrative in the coming year. I share my two favorite 7%-yielding blue-chip dividend growth stocks in light of these trends. seekingalpha.com - 1 day ago

W. P. Carey: You'll Regret Not Picking Up This 6% Yield W. P. Carey has completed its portfolio transformation, divesting office assets and focusing on industrial properties, enhancing dividend safety and growth potential. The trust boasts a 99% lease rate and solid same-store rental growth, positioning it well for future AFFO growth. With a competitive AFFO multiple and a 6% yield, WPC offers compelling value for passive income investors. seekingalpha.com - 2 days ago

W. P. Carey Inc. Announces Pricing of €600 Million of Senior Unsecured Notes NEW YORK , Nov. 12, 2024 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC, the "Company") announced today that it has priced an underwritten public offering of €600 million aggregate principal amount of 3.700% Senior Notes due 2034 (the "Notes"). prnewswire.com - 4 days ago

Very Bad News For Blue-Chip Big Dividend REITs Blue-chip REITs rallied hard between early July and late October. However, they have recently pulled back. We discuss why, and we also share our top REIT pick of the moment. seekingalpha.com - 6 days ago

Got $5,000? These 5 High-Yield Dividend Stocks Could Turn It Into More Than $300 of Annual Passive Income. These companies pay lucrative dividends. fool.com - 6 days ago

High-Yield Showdown: AGNC Investment vs. W.P. Carey Is a 15% yield better than a 6% yield? If all you care about is size, sure. fool.com - 1 week ago

3 Top High-Yield Financial Stocks to Buy in November With Yields as High as 6.3% If you are looking for high yields, these three stocks offer way above-average yields and strong businesses. fool.com - 1 week ago

3 Top REIT Stocks to Buy in November From a high yield to rapid dividend growth, this trio of REITs covers a lot of ground. All are worth a deep dive as November gets under way. fool.com - 1 week ago

W. P. Carey: Buy The Dip Hand Over Fist W. P. Carey is a net lease REIT with a 6.3% dividend yield, focusing on mission-critical properties in the industrial, warehouse, and retail sectors. WPC's strategic shift from office to industrial and warehouse properties, combined with CPI-linked rent escalators, enhances stability amid inflation. A strong balance sheet, low debt ratios, and well-covered dividend support WPC's financial health, making it an attractive high-yield buy at a discounted price. seekingalpha.com - 1 week ago

Rates Up, REITs Down! It's Opportunity Cost The recent 75 basis point rise in the 10-year treasury yield has led to a significant selloff in net lease REITs. Despite strong earnings, REITs like O and ADC have seen stock price declines due to increased opportunity costs from higher treasury yields. This market shift presents a buying opportunity for investors, as many REITs now offer higher dividend yields and discounted prices. seekingalpha.com - 1 week ago

Big Dividend Blue-Chips: The More They Drop, The More I Buy My investment strategy centers on buying undervalued blue-chip big-dividend growth stocks. Fortunately, several of these have dropped recently, offering compelling opportunities for dividend investors. I discuss several high-yield dividend growth stocks with moated business models and strong balance sheets that I have been loading up on recently. seekingalpha.com - 1 week ago

W.P. Carey Q3 Earnings: Real Problems Lead This REIT To Trade At An Attractive Discount WPC reported Q3 earnings on Oct. 29. We explore WPC's underperformance relative to the sector over the past 12 months. We discuss WPC's most recent earnings release and implications for future performance and pricing relative to peers. seekingalpha.com - 2 weeks ago

8. Profile Summary

W. P. Carey Inc. WPC

COUNTRY US

INDUSTRY REIT - Diversified

MARKET CAP $ 12.2 B

Dividend Yield 1.40%

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.

Contact One Manhattan West, New York, NY, 10001 https://www.wpcarey.com

IPO Date Jan. 21, 1998

Employees 197

Officers Ms. Susan C Hyde MD, Chief Administrative Officer, Chief Ethics Officer & Corporate Secretary Mr. John D. Miller Chief Investment Officer & MD Mr. John J. Park Senior Advisor Mr. Peter Sands Executive Director & Head of Investor Relations Mr. Jason E. Fox President, Chief Executive Officer & Director Mr. Brian H. Zander Controller & Chief Accounting Officer Mr. Gino M. Sabatini MD & Head of Investments Mr. Brooks G. Gordon MD & Head of Asset Management Ms. Reshma Ballie McGowan Chief Compliance Officer & Managing Director Ms. Toni Ann Sanzone CPA MD & Chief Financial Officer

Price Chart WPC

W. P. Carey Inc. WPC

Premium Plan

Unlimited Plan