W. P. Carey Inc.

W. P. Carey Inc.

WPC
W. P. Carey Inc.US flagNew York Stock Exchange
70.38
USD
+0.11
- -
16.03BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
7.13
9.2
8.88
8.82
7.87
7.54
7.21
6.93
7.3
7.41
8.09
7.19
7.78
8.1
Basic EPS, GAAP
1.44
2.43
1.63
2.51
2.57
3.5
1.79
2.61
2.25
3
3.29
2.09
2.11
2.94
Free Cash Flow per Basic Share
3.03
4.04
4.81
5.12
4.83
4.33
4.75
4.59
5.08
5.03
4.98
8.33
5.82
5.52
Dividend per Share
3.21
3.53
3.82
3.9
4
3.75
4.12
4.17
4.19
4.18
4.26
3.48
3.58
3.67
Book Value per Share
27.9
36.05
32.81
31.06
29.86
41.29
40.29
39.21
39.9
42.7
39.79
38.52
37.04
38.07
Tangible Book Value per Share
12.2
14.48
12.7
24.91
23.83
35.72
34.87
34.01
35.16
37.78
35.31
34.1
32.54
33.76
Basic Weighted Avg Shares
69
99
106
107
108
117
171
175
182
200
215
220
221
221
Sales/Revenue/Turnover
490
908
938
942
848
886
1,233
1,209
1,332
1,479
1,741
1,583
1,716
1,791
Operating Margin (%)
30.96
36.17
41.29
42.1
43.77
45.78
43.34
45.79
46.91
47.32
46.79
49.2
50.8
52.86
Depreciation Expense
131
248
317
283
316
349
545
509
548
563
628
532
544
548
Net Income, GAAP
99
240
172
268
277
412
305
455
410
599
708
461
466
651
Effective Tax Rate (%)
1.31
7.7
17.39
1.18
0.94
3.28
7.88
- -
6.49
4.43
5.86
6.44
6.32
5.04
Profit Margin (%)
20.18
26.4
18.36
28.44
32.69
46.47
24.76
37.65
30.79
40.51
40.68
29.11
27.17
36.34
Working Capital
- -
-156
-167
107
-105
-284
-311
-497
-601
-626
-137
-154
-719
-666
LT Debt
2,067
4,089
4,480
4,441
4,265
6,379
6,054
6,696
6,792
7,878
8,144
8,039
8,723
8,852
Total Equity
2,203
3,891
3,561
3,425
3,411
6,830
6,948
6,878
7,583
9,009
8,707
8,434
8,134
8,689
Return on Invested Capital (%)
3.5
4.93
4
4.92
4.73
3.76
3.76
- -
4.18
4.28
4.55
4.37
4.9
5.23
Return on Capital (%)
3.95
6.5
3.99
5.56
5.58
5.47
3.96
- -
4.25
5.18
5.83
4.32
4.4
5.45
Return on Common Equity (%)
5.08
8.48
4.8
7.96
8.54
8.22
4.43
6.59
5.67
7.23
8.01
5.38
5.64
7.71

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
8,723
8,754
8,852
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
219
223
228
Market Capitalization
14,104
15,137
16,288

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
159
250
174
Cash, Cash Equivalents & STI
155
239
164
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
878
836
840
Payables & Accruals
878
836
840
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.57%
3.8%
-3.56%
Free Cash Flow
13.03%
14.32%
-30.05%
Net Income, GAAP
15.14%
4.13%
1.2%
Sales/Revenue/Turnover
7.04%
7.65%
8.43%
Total Cash Common Dividend
8.29%
2.18%
3.25%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
390
390
397
406
1,583
2025
410
431
431
445
1,716
2026
455
461
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.72
0.65
0.51
0.21
2.09
2025
0.57
0.23
0.64
0.67
2.11
2026
0.8
0.83
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.87
0.87
0.87
0.87
3.48
2025
0.88
0.89
0.9
0.91
3.58
2026
0.93
0.93
- -
- -
- -

Company Description

CEO
Jason E. Fox
Full Time Employees
199
Sector
Real Estate
Industry
REIT - Diversified
Address
One Manhattan West New York City NY United States of America 10001
IPO Date
Jan 21, 1998
Business
W. P. Carey Inc. W. P. Carey Inc. (NYSE: WPC) is a leading diversified net lease real estate investment trust (REIT) that acquires and manages operationally critical, single-tenant properties primarily in North America and Europe. Founded in 1973 and headquartered in New York City with additional asset management teams in the U.S. and Europe, the company provides customized capital solutions through sale-leaseback transactions and long-term triple-net (NNN) leases to publicly traded and privately held companies, developers, private equity firms, and their portfolio companies; its portfolio includes 1,662 properties totaling 183 million square feet across warehouse and industrial (60% of recent investments), retail, self-storage, manufacturing facilities, data centers, and electric vehicle charging stations, leased to 373 tenants in 26 countries with 97% occupancy, $1.5 billion in annualized base rent, and 99.6% of leases featuring rent escalations. Approximately 61% of revenue derives from the United States and 33% from Europe, with tenants spanning diverse industries including discount retail, storage, wholesale, manufacturing, and quick service restaurants. In 2024, W. P. Carey completed a record $1.6 billion in investments, including a $200 million acquisition of 106 Dollar General stores across 21 U.S. states with a weighted-average lease term of 14.3 years and plans to acquire nine additional stores for $20 million in early 2025; other notable transactions encompassed a $100 million Canadian Solar industrial facility in Kentucky, a $100 million manufacturing campus in Monterrey, Mexico, and a $100 million data center in Weehawken, New Jersey, reflecting a strategic focus on high-quality, income-producing assets in warehouse/industrial (60%) and retail (30%) sectors. The company spun off its office properties in November 2023 to sharpen its focus on net lease investments.

Company News

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

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

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

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

  • W.P. Carey Q2 Earnings Call Highlights

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

  • W. P. Carey Inc. (WPC) Q2 2026 Earnings Call Transcript

  • W.P. Carey's Q2 AFFO Beats Estimates on Investment Activity

  • W. P. Carey Continues To Impress, But Valuation Caps The Upside

  • W. P. Carey: Higher-For-Longer Rates Don't Break This Long-Term Re-Rating Thesis

  • W.P. Carey (WPC) Tops Q2 FFO and Revenue Estimates

  • W. P. Carey Announces Second Quarter 2026 Financial Results

  • Forget Realty Income: 4 Other REITs Built for Dividend Investors

  • W. P. Carey Might Be Growing, But Don't Expect Meaningful Upside