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WPC

81.92USD+1.11(+1.37%)Market Closed

WP Carey Inc

Market Summary

USD81.92+1.11Market Closed
1.37%

WPC Stock Price

RSI Chart

Valuation

Market Cap

14.6B

Price/Earnings

28.01

Price/Sales

10.51

Price/Cashflow

15.03

MarketCap/EBT

26.64

Price/Sales

Profitability

Operating Margin

99.71%

EBT Margin

39.44%

Return on Equity

6.84%

Return on Assets

3.38%

Fundamentals

Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

17.76%

Revenue Q/Q

11.39%

Earnings

Earnings (TTM)

489.2M

Earnings Y/Y

-24.27%

Earnings Q/Q

-17.82%

Price Action

52 Week Range

88.33
(Low)(High)

Last 7 days

1.9%

Last 30 days

8.7%

Last 90 days

-0.7%

Trailing 12 Months

11.6%

Financial Health

Debt/Equity

0.89

Debt/Cashflow

0.14

Investor Care

Dividend Yield

5.56%

Dividend/Share (TTM)

4.23

Shares Dilution (1Y)

11.67%

Peers (Alternatives to WP Carey)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.52% -6.45%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
6.93% -18.34%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
17.64% -31.38%
21.77
6.46
4.35% 106.20%
19.6B
2.2B
3.60% -19.82%
54.78
8.98
12.27% 38.71%
14.6B
1.5B
8.69% 11.64%
28.01
10.51
14.82% 9.92%
MID-CAP
4.3B
260.9M
4.97% -23.15%
25.39
17.48
24.15% 150.18%
3.0B
1.7B
6.34% -26.16%
20.03
1.81
30.46% 612.18%
2.9B
264.8M
11.63% -51.29%
21.81
11.79
44.96% 32.63%
SMALL-CAP
1.7B
433.5M
11.15% -10.14%
18.26
3.85
22.87% 99.32%
1.6B
996.8M
3.10% -52.62%
241.4
1.63
15.88% -53.26%
1.5B
161.8M
5.85% 12.03%
18.22
9.09
5.67% 2.67%
1.4B
408.2M
5.21% -9.99%
51.37
3.55
24.68% -9.60%
799.9M
372.5M
5.73% -11.23%
18.25
2.53
19.13% 187.97%
741.6M
573.6M
-2.43% -30.67%
166.8
1.29
-0.38% 116.60%
451.6M
112.6M
10.43% -12.29%
-4.09
3.82
-2.74% 31.02%

Financials for WP Carey

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue4.2%1,4511,3931,3691,3321,264
  S&GA Expenses0.5%83838281
Earnings Before Taxes-6.3%515550545439476
Net Income-6.4%489523515410445
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets15.0%17,77515,45415,57015,48115,135
    Cash Equivalents141.3%250104205165130
  Goodwill14.8%1,023891900902904
Liabilities14.7%8,9617,8137,8757,8977,748
  Long Term Debt15.0%7,7836,7666,7786,7926,675
Shareholder's Equity15.4%8,8147,6407,6937,5827,385
  Additional Paid-In Capital12.8%11,51010,20210,1529,9789,694
Shares Outstanding7.8%208193192190186
Minority Interest796.4%152222
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations3.0%1,004975974926870
  Share Based Compensation2.9%28272525
Cashflow From Investing-23.5%-1,532.89-1,241.37-1,719.31-1,566.73-1,315.35
Cashflow From Financing132.5%615265726557407
  Dividend Payments2.2%799782764751

Risks

What is the probability of a big loss on WPC?

25%


Probability that WP Carey stock will be more than 20% underwater in next one year

19.6%


Probability that WP Carey stock will be more than 30% underwater in next one year.

19.2%


Probability that WP Carey stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WPC drawdown profile look like?

Y-axis is the maximum loss one would have experienced if WP Carey was unfortunately bought at previous high price.

Returns

Cumulative Returns on WPC

11.9%


10-Year Cumulative Returns

10.6%


7-Year Cumulative Returns

9.0%


5-Year Cumulative Returns

6.4%


3-Year Cumulative Returns

What are the long-term rolling returns for WPC?

FIve years rolling returns for WP Carey.

Which funds bought or sold WPC recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
NEW
-
317,000
317,000
0.32%
2022-11-23
CLIENT 1ST ADVISORY GROUP, LLC
UNCHANGED
-
-155,000
826,000
0.51%
2022-11-22
Gibson Wealth Advisors LLC
-
-
-6,000
31,000
0.04%
2022-11-22
CONTINENTAL INVESTORS SERVICES, INC.
NEW
-
246,000
246,000
0.01%
2022-11-22
CVA Family Office, LLC
-
-
-1,000
4,000
-%
2022-11-22
IHT Wealth Management, LLC
-
-
185,000
846,000
0.06%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
8.75
-239,000
2,623,000
0.08%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-4,102,000
21,714,000
0.04%
2022-11-21
FourThought Financial, LLC
-
-
-22,000
115,000
0.02%
2022-11-18
OLD REPUBLIC INTERNATIONAL CORP
SOLD OFF
-100
-43,253,000
-
-%

1–10 of 49

Latest Funds Activity

Are funds buying WPC calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own WPC

WP Carey News

Seeking Alpha

The Retiree's Dividend Portfolio - John's October Update: Deployed Cash, Favorable Gains.19 hours ago

WPC Fair Value

Recent SEC filings of WP Carey

View All Filings
Date Filed Form Type Document
Nov 09, 2022
4
Insider Trading
Nov 09, 2022
4
Insider Trading
Nov 07, 2022
3
Insider Trading
Nov 04, 2022
8-K
Current Report
Nov 04, 2022
10-Q
Quarterly Report
Oct 21, 2022
8-K
Current Report
Sep 01, 2022
8-K
Current Report

Latest Insider Trading transactions for WPC

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-09
PARK JOHN J
ACQUIRED
-
-
100
President
2022-11-09
Fox Jason E.
ACQUIRED
-
-
100
CEO
2022-09-23
Fox Jason E.
GIFTED
-
-
-400
CEO
2022-07-01
Niehaus Christopher
ACQUIRED
-
-
1,919
-
2022-07-01
ALEXANDER MARK A
ACQUIRED
-
-
1,919
-
2022-07-01
van Ommen Nick J.M.
ACQUIRED
-
-
1,919
-
2022-07-01
Hoysradt Jean
ACQUIRED
-
-
1,919
-
2022-07-01
FLANAGAN ROBERT J
ACQUIRED
-
-
1,919
-
2022-07-01
Farrell Peter
ACQUIRED
-
-
1,919
-
2022-07-01
Beier Constantin H.
SOLD (Taxes)
-12,255.4
83.37
-147
-

1–10 of 50

Jason E. Fox
180
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.

WPC Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Investment Management:    
Revenues$ 383,622$ 325,754$ 1,076,457$ 956,644
Operating Expenses    
Depreciation and amortization132,181115,657362,654340,327
Impairment charges — Investment Management goodwill29,334029,3340
General and administrative22,29919,75066,22462,297
Reimbursable tenant costs18,87415,09252,53845,942
Merger and other expenses17,667(908)17,329(3,983)
Property expenses, excluding reimbursable tenant costs11,24413,73436,87436,432
Operating property expenses9,3573,00115,3356,961
Stock-based compensation expense5,5114,36123,10218,790
Reimbursable costs from affiliates3441,0412,4143,050
Impairment charges — real estate016,30126,38516,301
Total operating expenses246,811188,029632,189526,117
Other Income and Expenses    
Interest expense(59,022)(48,731)(151,492)(149,623)
Gain on change in control of interests33,931033,9310
Other gains and (losses)(15,020)49,219(1,021)15,576
Earnings (losses) from equity method investments11,3045,73523,477(4,154)
Non-operating income9,2631,28323,78310,704
(Loss) gain on sale of real estate, net(4,736)1,70237,63130,914
Total other income and expenses(24,280)9,208(33,691)(96,583)
Income before income taxes112,531146,933410,577333,944
Provision for income taxes(8,263)(8,347)(21,598)(23,434)
Net Income104,268138,586388,979310,510
Net loss (income) attributable to noncontrolling interests660(39)622(84)
Net Income Attributable to W. P. Carey$ 104,928$ 138,547$ 389,601$ 310,426
Basic earnings per share (usd per share)$ 0.52$ 0.75$ 1.98$ 1.72
Diluted earnings per share (usd per share)$ 0.51$ 0.74$ 1.98$ 1.71
Weighted-Average Shares Outstanding    
Basic (in shares)203,093,553185,422,639196,382,433180,753,115
Diluted (in shares)204,098,116186,012,478197,264,509181,323,128
Real Estate    
Real Estate:    
Lease revenues$ 331,902$ 298,616$ 953,981$ 872,345
Income from direct financing leases and loans receivable20,63716,75456,79451,917
Operating property revenues21,3504,05030,2799,474
Lease termination income and other8,1921,42124,9058,066
Investment Management:    
Operating property revenues21,3504,05030,2799,474
Revenues382,081320,8411,065,959941,802
Operating Expenses    
Depreciation and amortization132,181115,657362,654340,327
Impairment charges — Investment Management goodwill  0 
General and administrative22,29919,75066,22462,297
Reimbursable tenant costs18,87415,09252,53845,942
Merger and other expenses17,667(908)17,326(3,998)
Property expenses, excluding reimbursable tenant costs11,24413,73436,87436,432
Operating property expenses9,3573,00115,3356,961
Stock-based compensation expense5,5114,36123,10218,790
Impairment charges — real estate016,30126,38516,301
Total operating expenses217,133186,988600,438523,052
Other Income and Expenses    
Interest expense(59,022)(48,731)(151,492)(149,623)
Gain on change in control of interests11,405011,4050
Other gains and (losses)(13,960)48,17230313,455
Earnings (losses) from equity method investments6,4472,44510,189(10,528)
Non-operating income9,2641,28323,78110,620
(Loss) gain on sale of real estate, net(4,736)1,70237,63130,914
Total other income and expenses(50,602)4,871(68,183)(105,162)
Income before income taxes114,346138,724397,338313,588
Provision for income taxes(3,631)(7,827)(16,499)(23,372)
Net Income110,715130,897380,839290,216
Net loss (income) attributable to noncontrolling interests660(39)622(84)
Net Income Attributable to W. P. Carey111,375130,858381,461290,132
Investment Management    
Investment Management:    
Revenues1,5414,91310,49814,842
Operating Expenses    
Impairment charges — Investment Management goodwill29,334029,3340
Merger and other expenses00315
Reimbursable costs from affiliates3441,0412,4143,050
Total operating expenses29,6781,04131,7513,065
Other Income and Expenses    
Gain on change in control of interests22,526022,5260
Other gains and (losses)(1,060)1,047(1,324)2,121
Earnings (losses) from equity method investments4,8573,29013,2886,374
Non-operating income(1)0284
Total other income and expenses26,3224,33734,4928,579
Income before income taxes(1,815)8,20913,23920,356
Provision for income taxes(4,632)(520)(5,099)(62)
Net Income Attributable to W. P. Carey(6,447)7,6898,14020,294
Investment Management | Asset management and other revenue    
Real Estate:    
Operating property revenues1,1973,8728,08411,792
Investment Management:    
Operating property revenues1,1973,8728,08411,792
Investment Management | Reimbursable costs from affiliates    
Real Estate:    
Operating property revenues3441,0412,4143,050
Investment Management:    
Operating property revenues$ 344$ 1,041$ 2,414$ 3,050

WPC Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Investments in real estate:  
Land, buildings and improvements — net lease and other$ 12,862,423$ 11,791,734
Land, buildings and improvements — operating properties1,084,52483,673
Net investments in direct financing leases and loans receivable781,345813,577
In-place lease intangible assets and other2,578,2362,386,000
Above-market rent intangible assets840,943843,410
Investments in real estate18,147,47115,918,394
Accumulated depreciation and amortization(3,065,161)(2,889,294)
Assets held for sale, net38,5788,269
Net investments in real estate15,120,88813,037,369
Equity method investments297,665356,637
Cash and cash equivalents186,417165,427
Due from affiliates6021,826
Other assets, net1,146,0991,017,842
Goodwill1,023,171901,529
Total assets[1]17,774,84215,480,630
Debt:  
Senior unsecured notes, net5,651,8655,701,913
Unsecured term loans, net506,004310,583
Unsecured revolving credit facility462,660410,596
Non-recourse mortgages, net1,162,814368,524
Debt, net7,783,3436,791,616
Accounts payable, accrued expenses and other liabilities594,139572,846
Below-market rent and other intangible liabilities, net184,885183,286
Deferred income taxes174,276145,572
Dividends payable224,302203,859
Total liabilities[1]8,960,9457,897,179
Commitments and contingencies (Note 12)
Preferred stock, $0.001 par value, 50,000,000 shares authorized; none issued00
Common stock, $0.001 par value, 450,000,000 shares authorized; 208,032,718 and 190,013,751 shares, respectively, issued and outstanding208190
Additional paid-in capital11,510,3039,977,686
Distributions in excess of accumulated earnings(2,470,261)(2,224,231)
Deferred compensation obligation57,01249,810
Accumulated other comprehensive loss(298,057)(221,670)
Total stockholders’ equity8,799,2057,581,785
Noncontrolling interests14,6921,666
Total equity8,813,8977,583,451
Total liabilities and equity$ 17,774,842$ 15,480,630
[1]See Note 2 for details related to variable interest entities (“VIEs”).