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W. P. Carey Inc. logo

W. P. Carey Inc.

WPC

NYSEReal EstateREIT - Diversified

Open in GoAI

Previous close

$71.20

−$0.81 · -1.12%

Aug 21, 4:00 PM ET

Pre-market

$71.50

+$0.30 · +0.42%

Aug 24, 5:25 AM ET

WPC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

74

Undervalued

Momentum

46

Neutral

Sentiment

70

Bullish

Risk resilience

80

Low Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

W. P. Carey is recognized as a leading net lease Real Estate Investment Trust (REIT), boasting an enterprise value of approximately $18 billion. As of September 30, 2020, its extensive portfolio comprises 1,215 essential net lease properties, spanning an estimated 142 million square feet of commercial real estate. For nearly five decades, the company has strategically invested in high-quality, single-tenant industrial, warehouse, office, retail, and self-storage assets. These properties are secured by long-term net leases, which incorporate built-in rent increases. The portfolio's primary geographical footprint is in the United States, along with Northern and Western Europe, and it exhibits strong diversification across tenant profiles, property categories, locations, and the industries of its occupants.

Industry
REIT - Diversified
Sector
Real Estate
Headquarters
US
CEO
Jason E. Fox
Listed since
Jan 21, 1998
Employees
199

Market position

Day range

Current $71.20

52-week range

Current $71.20

Open
$72.23
Previous close
$72.01
Volume
589.4K
0.42× average
Average volume
1.41M
Average daily volume
Market cap
16.22B USD
Beta
0.78
Market reference 1
50-day average
$72.9146
-2.35% below average
200-day average
$70.7765
+0.60% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
22.76B USD
P/E (TTM)
24.3×
P/B (TTM)
1.86×
P/S (TTM)
8.55×
EV / EBITDA
17.28×
Earnings yield
3.29%
Free cash flow yield
7.69%
Dividend yield
5.20%

Profitability & efficiency

Gross margin
52.76%
Operating margin
33.62%
Net margin
34.33%
Return on equity
5.74%
Return on assets
2.59%
Return on invested capital
24.79%

Financial health

Debt / equity
1.03×
Current ratio
0.18×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends102%75%48%20%Gross margin, FY2021: 95.43%Gross margin, FY2022: 94.72%Gross margin, FY2023: 91.96%Gross margin, FY2024: 92.35%Gross margin, FY2025: 28.63%Operating margin, FY2021: 86.97%Operating margin, FY2022: 86.28%Operating margin, FY2023: 84.42%Operating margin, FY2024: 83.48%Operating margin, FY2025: 44.45%Net margin, FY2021: 32.46%Net margin, FY2022: 40.67%Net margin, FY2023: 40.79%Net margin, FY2024: 29.23%Net margin, FY2025: 27.17%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 95.43%. Gross margin FY2022 94.72%. Gross margin FY2023 91.96%. Gross margin FY2024 92.35%. Gross margin FY2025 28.63%. Operating margin FY2021 86.97%. Operating margin FY2022 86.28%. Operating margin FY2023 84.42%. Operating margin FY2024 83.48%. Operating margin FY2025 44.45%. Net margin FY2021 32.46%. Net margin FY2022 40.67%. Net margin FY2023 40.79%. Net margin FY2024 29.23%. Net margin FY2025 27.17%.

Income trends

Revenue

1.72B USD+8.89%

Operating income

762.92M USD-42.03%

Net income

466.36M USD+1.20%
Income trends across reported periods1.87B USD1.34B USD807.96M USD277.33M USDRevenue, FY2021: 1.26B USDRevenue, FY2022: 1.47B USDRevenue, FY2023: 1.74B USDRevenue, FY2024: 1.58B USDRevenue, FY2025: 1.72B USDOperating income, FY2021: 1.1B USDOperating income, FY2022: 1.27B USDOperating income, FY2023: 1.47B USDOperating income, FY2024: 1.32B USDOperating income, FY2025: 762.92M USDNet income, FY2021: 409.99M USDNet income, FY2022: 599.14M USDNet income, FY2023: 708.33M USDNet income, FY2024: 460.84M USDNet income, FY2025: 466.36M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.26B USD. Revenue FY2022 1.47B USD. Revenue FY2023 1.74B USD. Revenue FY2024 1.58B USD. Revenue FY2025 1.72B USD. Operating income FY2021 1.1B USD. Operating income FY2022 1.27B USD. Operating income FY2023 1.47B USD. Operating income FY2024 1.32B USD. Operating income FY2025 762.92M USD. Net income FY2021 409.99M USD. Net income FY2022 599.14M USD. Net income FY2023 708.33M USD. Net income FY2024 460.84M USD. Net income FY2025 466.36M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue1.72B USD1.58B USD1.74B USD1.47B USD1.26B USD
Cost of goods sold1.22B USD120.54M USD139.59M USD77.81M USD57.75M USD
Gross profit491.49M USD1.46B USD1.6B USD1.4B USD1.21B USD
Selling, general, and administrative100.67M USD139.86M USD130.9M USD124.31M USD106.77M USD
Operating expenses−271.43M USD139.86M USD130.9M USD124.31M USD106.77M USD
Interest income97.29M USD————
Interest expense291.18M USD277.37M USD291.85M USD219.16M USD196.83M USD
Depreciation and amortization521.13M USD512.73M USD607.58M USD562.99M USD547.63M USD
Operating income762.92M USD1.32B USD1.47B USD1.27B USD1.1B USD
Net income466.36M USD460.84M USD708.33M USD599.14M USD409.99M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
64%
7 beats, 4 misses, 0 met estimates
Average EPS surprise
+14.91%
11 comparable reports
Latest EPS result
1.17
Estimate 0.71 · Beat by 64.56%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates1.250.890.530.18Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 0.21, estimate 0.54, surprise -61.11%, Miss. Q2 2025, reported Apr 29, 2025: actual 0.601, estimate 0.639, surprise -5.95%, Miss. Q3 2025, reported Jul 29, 2025: actual 0.25, estimate 0.634, surprise -60.62%, Miss. Q4 2025, reported Oct 28, 2025: actual 0.728, estimate 0.647, surprise +12.52%, Beat. Q1 2026, reported Feb 10, 2026: actual 0.849, estimate 0.677, surprise +25.41%, Beat. Q2 2026, reported Apr 28, 2026: actual 0.981, estimate 0.608, surprise +61.35%, Beat. Q3 2026, reported Jul 28, 2026: actual 1.17, estimate 0.711, surprise +64.56%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 0.68, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates479.51M444.75M410M375.24MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 406.17M USD, estimate 404.27M USD, surprise +0.47%, Beat. Q2 2025, reported Apr 29, 2025: actual 407.44M USD, estimate 393.68M USD, surprise +3.49%, Beat. Q3 2025, reported Jul 29, 2025: actual 430.78M USD, estimate 401.64M USD, surprise +7.25%, Beat. Q4 2025, reported Oct 28, 2025: actual 431.3M USD, estimate 405.28M USD, surprise +6.42%, Beat. Q1 2026, reported Feb 10, 2026: actual 444.55M USD, estimate 415.81M USD, surprise +6.91%, Beat. Q2 2026, reported Apr 28, 2026: actual 454.51M USD, estimate 430.64M USD, surprise +5.54%, Beat. Q3 2026, reported Jul 28, 2026: actual 461.06M USD, estimate 452.8M USD, surprise +1.83%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 457.27M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$80.00

12.36% upside
Past 12 months12-month forecastHigh $88.00Average $80.00Low $73.00

Rating distribution

21 ratings
Strong buy00%
Buy838%
Hold1152%
Sell210%
Strong sell00%

WPC news

defenseworld.net

Advisors Capital Management LLC Makes New Investment in W.P. Carey Inc. $WPC

Advisors Capital Management LLC acquired a new stake in shares of W.P. Carey Inc. (NYSE: WPC) during the undefined quarter, according to its most recent disclosure with the SEC. The fund acquired 1,031,277 shares of the…

Read source
seekingalpha.com

W. P. Carey: A Rock-Solid 5% Yielding REIT For Dividend Growth Investors

W. P. Carey Inc. raised and narrowed its 2026 AFFO guidance, reflecting strong execution and portfolio expansion, with 45 new properties added in Q2. WPC's adjusted FFO growth outpaces its dividend increases, resulting…

Read source
seekingalpha.com

August's 5 Dividend Growth Stocks With Yields Up To 6.21%

Every month, we screen for high-yield dividend growth stocks with safety, growth and consistency as part of the screening process. This process often results in several REITs making the top of the list thanks to the…

Read source
seekingalpha.com

July Income Rising - 1 Raise And 4 Business Development Company Cuts

WP Carey (WPC) delivered a steady dividend raise, maintaining a 5.1% yield and demonstrating resilient income performance. Four BDCs—PFLT, CCAP, CGBD, OBDC—implemented double-digit dividend cuts, reflecting sector…

Read source
marketbeat.com

W.P. Carey Q2 Earnings Call Highlights

W.P. Carey NYSE: WPC raised its 2026 outlook for investment volume and adjusted funds from operations, citing continued acquisition activity, higher lease revenue and a balance sheet it said is positioned to fund…

Read source
seekingalpha.com

W. P. Carey: Inflation-Beating Yields, Tenant Risk Mitigation, And Resilience Amid Uncertainty

W. P. Carey's CPI-linked leases (49% of same-store) and exposure to defensive sectors drive operational resilience amid macroeconomic uncertainty. Strong H1'26 investment volume, a healthier balance sheet, and proactive…

Read source

Corporate actions

Corporate action history

Stock split

Effective Nov 2, 2023

1,021:1,000

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ETFs holding WPC

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Real Estate ETF logoVanguard Real Estate ETFVNQ
Market value
614M
Weight
0.83%
AUM
73.1B USD
Expense ratio
0.13%
Price / 1D
$98.50-0.10%
iShares Core S&P Mid-Cap ETF logoiShares Core S&P Mid-Cap ETFIJH
Market value
551.03M
Weight
0.43%
AUM
125.92B USD
Expense ratio
0.05%
Price / 1D
$76.77+0.52%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
521.35M
Weight
0.02%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
376.88M
Weight
0.20%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Morningstar Small-Cap Value ETF logoVanguard Morningstar Small-Cap Value ETFVBR
Market value
239.37M
Weight
0.35%
AUM
68.3B USD
Expense ratio
0.05%
Price / 1D
$249.18+0.68%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
188.82M
Weight
0.20%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
Schwab U.S. REIT ETF logoSchwab U.S. REIT ETFSCHH
Market value
124.63M
Weight
1.09%
AUM
11.39B USD
Expense ratio
0.07%
Price / 1D
$24.04-0.08%
Invesco S&P MidCap Momentum ETF logoInvesco S&P MidCap Momentum ETFXMMO
Market value
124.47M
Weight
1.68%
AUM
7.45B USD
Expense ratio
0.35%
Price / 1D
$157.09+0.08%

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